#BlockReward

[ladookhotnikov]

Last Bitcoin Mined

Let us imagine that in 2130 the last block in the bitcoin network is mined. What will happen to technology? Who will continue to provide transactions and security? How much will the reward increase?

To date miners have received about 20 million BTC for creating new blocks. However, as soon as the last token is mined, participants will no longer receive rewards for conducting transactions.

Lado Okhotnikov does not worry if the last bitcoin is still mined and there is a reason for this,

“It will take about 100 years to get the last block. This is due to the low speed of the blockchain. Accordingly, it will be a very long time before miners stop receiving rewards for solving mathematical problems.”

In a conversation, Lado also noted that after the generation of the last block miners will still continue to perform the function of ensuring the network security and reliability by confirming transactions. Perhaps the change will affect the way in which they will receive compensation. Most likely they will find new reward models to make up for the costs of mining.

[christophbergmann]

Was geschieht eigentlich, wenn alle Bitcoins geschürft sind?

Was geschieht eigentlich, wenn alle Bitcoins geschürft sind?

Wer sichert das Netzwerk, wenn der Blockreward immer weiter sinkt? Kann Bitcoin überhaupt langfristig sicher bleiben? Und welche Risiken und Angriffe drohen konkret? Im letzten Teil unseres Themenschwerpunkts zum Halving widmen wir uns diesen heiklen Fragen. Continue reading Was geschieht eigentlich, wenn alle Bitcoins geschürft sind?

[bitcoinminersignup-blog]

Starts Fast Bitcoin Mining Free with Realmining

https://www.cryptoerapro.com/bitcoin-miner/

You’l possible create less than one penny PER YEAR

Android phones simply aren't powerful enough to match the mining hardware employed by serious operations.

So, it would possibly be cool to setup a miner on your Android phone to determine how it works. But don’t expect to make any money.

Do expect to waste a ton of your phone’s battery!

What is bitcoin  miner Mining Hardware best bitcoin  miner wallet

bitcoin  miner mining hardware (ASICs) are high specialised computers used to mine bitcoins.

The ASIC industry has become complicated and competitive.

Mining hardware is currently only located where there is cheap electricity.

When Satoshi released Bitcoin, he supposed it to be mined on computer CPUs.

Enterprising coders soon discovered they might get more hashing power from graphic cards and wrote mining software to permit this.

GPUs were surpassed in turn by ASICs (Application Specific Integrated 

Nowadays all serious bitcoin  miner mining is performed on ASICs, usually in thermally-regulated knowledge-centers with access to low-cost electricity.

Economies of scale have so led to the concentration of mining power into fewer hands than originally supposed.

What Are bitcoin  miner Mining Pools? best bitcoin  miner wallet

Mining pools enable tiny miners to receive additional frequent mining payouts.

By joining with other miners in a very cluster, a pool allows miners to search out blocks more frequently.

But, there are some problems with mining pools as we have a tendency to'll discuss.

As with GPU and ASIC mining, Satoshi apparently didn't anticipate the emergence of mining pools.

Pools are groups of cooperating miners who conform to share block rewards in proportion to their contributed mining power.

This pie chart displays the present distribution of total mining power by pools:

Whereas pools are fascinating to the common miner as they sleek out rewards and build them a lot of predictable, they sadly concentrate power to the mining pool’s owner.Bitcoin Miner 

Nowadays there are very skilled industrial mining operations. Let's have a look at how they work.What will a mining farm seem like?

Let's have a look inside a real bitcoin  miner mining farm in Washington state.

bitcoin  miner mining farms completely use ASIC miners to mine various coins. Several of these farms are minting several Bitcoins per day.

How abundant do crypto mining farms create? How a lot of a mining farm makes depends on several factors:

The worth it pays forelectricity How previous its mining hardware is The scale of its operation The worth of bitcoin  miner when the miner sells it The level of problem when the bitcoin  miner is mined By far, the largest issue affecting how much money a mining farm makes is how abundant it pays for electricity. Nearly all mining farms are using the same hardware.

Since the rewrd for locating a block is fastened, and the difficulty is adjusted based mostly on total processing power working on finding blocks at any given time, then electricity is the sole value that is variable. If you'll be able to realize cheaper power than different miners, you can afford to either increase the scale of your mining operation, or pay less on your mining for the same output.

How abundant electricity do mining farms use As previously mentioned, mining farms use a ton of electricity. How abundant they consume depends on how massive their operation is. However the most recent Bitmain ASIC miner consumes concerning 1350 watts.

In total, it is estimated that each one mining farms can use about seventy five terrwat hours of electricity in the year 2020. That's roughly the equivalent to 15 times the yearly energy consumption of denmark.

minng across globe Mining farms are located  the world. We do not apprehend where each mining farm in the planet is, but we tend to have some educated guesses.

Most of the mining has been and still is located in China. Of course, as of 20twenty, it's believed that as a lot of as 65percent of bitcoin  miner mining 

Why is so a lot of Mining happening in China? Samson Mow of Blockstream and former CTO of BTCC mining pool explains.

The main benefits of mining in China are faster setup times and lower initial CapEx that, along with nearer proximity to where ASICs are assembled, have driven industry growth there

Samson Mow CSO, Blockstream BONUS CHAPTER one Necessary bitcoin  miner Mining Terms best bitcoin  miner wallet

During this bonus chapter, we tend to will find out about some of the foremost common terms associated with bitcoin  miner mining.

If you are considering mining at any level, understanding what these terms suggests that will be crucial for you to get started.

Miner Anyone who mines Bitcoins (or any different cryptocurrency).

Block Reward The block reward is a mounted quantity of Bitcoins that get rewarded to the miner or mining pool that finds a given block

A assortment of individual miners who 'pool' their efforts or hashing power together and share the blockreward. Miners produce pools because it increases their probabilities of earning a block reward.

ly each four years, the block reward gets cut in [*fr1]. The primary block reward ever mined was in 2008 and it it absolutely was for fifty Bitcoins. That block reward lasted for four years, where in 2012, the primary reward halving occured and it dropped to twenty five Bitcoins.

In 2016, a second halving occured where the reward was reduced to 12.five Bitcoins. And as of the time of this writing, we have a tendency to are on the cusp of the third halving (ETA Could 11th), where the reward can be curtail to 6.twenty five Bitcoins. You'll notice the foremost up to date estimation of precisely when the following halving will occur on our bitcoin  miner block reward halving clock

ASIC represent "Application Specific Integrated Circuit". In plain english, that simply means it's a chip designed to try and do one very specific reasonably calculation. In the case of of an ASIC miner, the chip in the miner is meant to unravel problems using the SHA256 hashing algorithm. This is critical GPU mining, explained below.

nce you mine for Bitcoins (or any cryptocurrency) employing a graphics card. This was one in all the earliest styles of mining, however is not profitable thanks to the introduction of ASIC miners. Bitcoin Miner 

Hashing Power (or Hash Rate) How many calculations (hashes) a miner can perform per second.

Or it will consult with the total amount of hashing done on a sequence by all miners put along - also known as "Internet Hash".

You'll be able to learn a lot of about Hash Rate by reading our article regarding it.

Problem Measured in Trillions, mining difficulty refers to how exhausting it is to seek out a block. The present level of difficulty on the bitcoin  miner blockchain is the first reason why it is not profitable to mine for most individuals.

Problem Adjustment mining farm bitcoin  miner was designed to supply block reliably every ten minutes. Because total hashing power (or Web Hash) is consistently changing, the issue of finding a block needs to adjust proportional to the quantity of total hashing power on the network.

In terribly simple terms, if you have four miners on the network, all with equal hashing power, and 2 stop mining, blocks would happen ever 20 minutes instead of each 10. Thus, the difficulty of finding blocks also needs to chop in 0.5, therefore that blocks can continue to be found each 10 minutes.

Issue changes happen each 2,016 blocks. This ought to mean that if a brand new block is added each ten minutes, then a issue adjustment would occur every two weeks. The 10 minute block rule is just a goal though. Some blocks are added once additional than 10 minutes. Some are added after less. Its a law of averages and a heap if left up to chance. That doesn't mean that for the foremost part, blocks are added reliably every 10 minutes

A measurement of energy consumption per hour. Most ASIC miners can tell you how much energy they consume using this metric.

Compared to the carbon emissions from simply the cars of PayPal’s staff as they commute to figure, Bitcoin’s environmental impact is negligible.

As bitcoin  miner could simply replace PayPal, credit card companies, banks and also the bureaucrats who regulate them all, it begs the question:

Isn’t traditional finance a waste? Bitcoin Miner 

Not just of electricity, however of cash, time and human resources!

Mining Difficulty If solely 21 million Bitcoins will ever be created, why has the issuance of bitcoin  miner not accelerated with the rising power of mining hardware?

Issuance is regulated by Difficulty, an algorithm which adjusts the problem of the Proof of work problem in accordance with how quickly blocks are solved inside a certain timeframe (roughly each two weeks or 2016 blocks).

Issue rises and falls with deployed hashing power to keep the typical time between blocks at around 10 minutes.

For most of Bitcoin's history, the common block time has been concerning 9.seven minutes. As a result of the value is often rising, mining power does come back onto the network at a fast speed that creates faster blocks. But, for many of 2019 the block time has been around ten minutes. This is because Bitcoin's price has remained steady for many of 2019.

Block Reward Halving Satoshi designed bitcoin  miner such that the block reward, which miners automatically receive for solving a block, is halved every 210,000 blocks (or roughly four years).

As Bitcoin’s value has risen substantially (and is expected to keep rising over time), mining remains a profitable endeavor despite the falling block reward… a minimum of for those miners on the bleeding fringe of mining hardware with access to low-price electricity.

Honest Miner Majority Secures the Network To successfully attack the bitcoin  miner network by making blocks with a falsified transaction record, a dishonest miner would need the majority of mining power thus as to maintain the longest chain.

This is often called a 51p.c attack and it allows an attacker to pay the same coins multiple times and to blockade the transactions of other users at can.

To realize it, an attacker wants to own mining hardware than all alternative honest miners.

This imposes a high financial price on any such attack.

At this stage of Bitcoin’s development, it’s seemingly that solely major corporations or states would be able to satisfy this expense… although it’s unclear what web benefit, if any, such actors would gain from degrading or destroying Bitcoin. Miner 

Mining Centralization Pools and specialised hardware has sadly led to a centralization trend in bitcoin  miner mining.

bitcoin  miner developer Greg Maxwell has stated that, to Bitcoin’s seemingly detriment, a handful of entities control the vast majority of hashing power.

It is conjointly widely-known that at least fiftyp.c of mining hardware is found inside China.

But, it’s could be argued that it’s contrary to the long-term economic interests of any miner to aim such an attack.

The resultant fall in Bitcoin’s credibility would dramatically reduce its exchange rate, undermining the value of the miner’s hardware investment and their held coins.

Because the community could then commit to reject the dishonest chain and revert to the last honest block, a fifty one% attack most likely offers a poor risk-reward ratio to miners.

bitcoin  miner mining is certainly not perfect but doable enhancements are invariably being suggested and thought-about.

https://www.cryptoerapro.com/bitcoin-miner/

[btc-current-blog]

Is it possible to share the blockreward between miners/ miningpools on the basis of contributed hashpower, in stead of the reward going to one miner/miningpool?

[ad_1]

Hi, first of all, I’m not a miner, so this might make no sense at all, but here we go.

Apparently we can see realtime which pool delivers which hashrate. At the moment only one miner/ miningpool gets the block reward. This causes miners to join the bigger pools, so they have a bigger chance of getting a reward. Which leads to centralization and possible 51% attacks.

What if the pay-out…

[blockgeni]

Bitcoin Mining Difficulty jumps to an All Time High

Bitcoin's mining difficulty jumped 9.26% on Wednesday, with its second-highest difficulty in 2022. The latest increase is Bitcoin's third difficulty increase since August 4, 2022, and it is now 11.63% harder to find a Bitcoin block reward. The change in difficulty occurred at block height of 751,968, and the 9.26% jump is the second largest this year. The largest increase in 2022 occurred 223 days ago, on January 20, 2022, at block height 719,712. #Bitcoinmining #Alltimehigh #hashrate #blockrewards #blockgeni Read the full article

[nigeriabitcoincommunity]

Bitcoin Halving Is Changing Crypto - This Is The Complete List Of Coins That Halve

Bitcoin Halving Is Changing Crypto - This Is The Complete List Of Coins That Halve - Understand what Halving is - See 18 coins that halve - Learn how Halving affects the crypto verse #Bitcoin #altcoins #blockchain #Blockreward #halving #cryptomining

This post is a complete list of coins that halve. Bitcoin’s halving in the year 2020 had an undeniable impact in the cryptocurrency space. Not only did Bitcoin’s price increase largely but altcoins experienced all-time highs as well. And the trend continued into the beginning of 2021. Incredible! Apart from Bitcoin, altcoins halve as well. I have described these altcoins in this post. Also,…

[giorgiablog33]

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[lani123lani]

Review Potergeist - A Privacy Coin Exchange

Introduction

Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, without third parties, in a transparent, secure and anonymous manner. Satoshi, who is the creator of Bitcoin, made Bitcoin defeat a centralized financial system that is prone to manipulation and is controlled by one party. With the growth and development of the Crypto or blockchain ecosystem, a number of alternative investment options have emerged, and have proven to be more efficient and profitable investment tools than traditional financial returns. Innovative projects consistently appear in the crypto industry with high return investments and a continuous trend, such as PolterGiest.Exchange is one project that will attract large market investments. Why? because this project aims to create a safe and decentralized working model. PolterGiest is the project you’ve been waiting for.

About Poltigergeist exchange

The Poltergeist Exchange is an exchange made specifically for privacy coins. They were launched a few days ago and still not onboard ONION, But basically Exchange without kyc is always good, because anyone can trade at their own risk control. But there is no need to worry because this platform is safe to use, transparent and another uniqueness is that traders are not charged transaction fees when transacting there. as I said that Poltergeist is a Crypto currency exchange With a focus on the anonymity and privacy of coins, including some of the features below:

1.Security

Built with the highest security practices to ensure our users and their funds are always protected.

2. Personal

Trade freely and anonymously

3. Low cost

Trade with fees as low as 0.015%. Trade with joy.

Poltergeist is on a mission to chhange the way value is transfered and traded online.

Poltergeist is a cryppto currency exchange with a focus on anonymity and privacy coins.

We launched a beta version of our exchange on january 31st and will be lauching our fully decentralized crooss chain privacy exchange at the and of the year.

You have the right to be private and we want to help you ensure those rights are upeheld.Trade on your terms.

Introducing GAUL-our native cryppto currency.

GAUL all the featurs and benefits,Poltergeist exchhange has to offer. GAUL holders receive 100% of trading fees from Poltergeist exchhange.

Reduced trading fees foor GAUL holder,voting right-this is your platform. Proof of stake rewards in the final version of the Poltergeist cross chain exchange.

GHOUL will be the only one, but there will be an exchange later this year from the ERC20 version to our Main Net version

Users will be able to stake their GHOUL and get prize bets in addition to getting fees from the exchange. Once the POS blockchain is launched, the supply will slowly increase over time from blockreward creation. Emissions will be a very small percentage each year.

As cool as our current exchange is, on December 31st, we have our final main net product coming out.Fully decentralized cross-chain privacy exchange

2021 is the year the Poltergiest Exchange takes up the bulk of the privacy coin trading volume.

Tokens Information

GHOUL total supply is 100,000,000

20% Private Sale (Sold out)

40% Main Sale (Feb 14th)

15% Team

15% Dev Fund (1 year lock up)

5% Marketing

5% Uniswap Locked Liquidity

GHOUL holders receive

100% of Poltergeist Exchange trading fees

Reduced trading fees

Voting rights

Proof of Stake rewards in the final main net version

And more

Most of the privacy coins are dedicated blockchains which require considerable time and resources to get started and then because they are specialized blockchain exchanges want to charge additional fees to register and maintain them. This is a big burden and we will lift it, and even allow new projects to be a very easy way to open up to a privacy-oriented merchant community.

40% of inventory will be sold with a starting price of $ 0.0125 USD

Market Capitalization in public sale is 1.25 million USD

Ghouls will be open for public trading March 1 at Poltergiest and Uniswap with liquidity locked.

Poltergiest Roadmap

Notes:

The roadmap shows that they launched exchange on January 31st, so it is actually a brand new service that has yet to be promoted. Sales are just about to start, so in my opinion the fact that they can present a product at the beginning it is a very good sign. Not many projects start with a product, so I believe this project has a very high potential for success.

For More Information Click Links Bellow:

Website: https://poltergeistexchange.com/home

Telegram: https://t.me/poltergeistexchange

Twitter: https://twitter.com/PoltergeistDEX

Author: lani123lani

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1220105

ETH: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923

[ngkio]

NGK Distributed Storage public chain: A complete set of personal data storage solutions

NGK Distributed Storage public chain: A complete set of personal data storage solutions

Distributed storage in blockchain industry refers to decentralized storage, each node in different geographic, is a cross-regional distribution, can achieve the city-level fault domain isolation. NGK distributed storage public chain is a complete set of personal data storage solutions, it is composed of countless nodes in the form of p2p to form a data storage array, using DPOSS consensus mechanism to identify and distribute rewards, using encryption mechanism to protect the storage process and data transmission to form a safe, efficient, economical personal data storage solutions.

Data layer: It is the bottom mechanism of the whole NGK, including a set of personal data storage solution system, based on the agreed mechanism of the data layer, all parties can find their own obligations and the rights that can be obtained in this distributed storage network. The data layer is open source any single computer to download and run the data packet is the node of NGK, and the data stored in NGK synchronously is rewarded by NGK.

Network layer: NGK uses the p2p network mechanism, the user's data upload and download directly from the corresponding node disk to pull resources, P2P form is more secure and make full use of the advantages of independent bandwidth of the node in the process of data upload and download can achieve multi-thread synchronization cooperation, greatly improve the efficiency of data read and write.

Consensus layer: NGK uses mining mode, when identifying the contribution of nodes, on the one hand, it is to examine the size of the available storage space of nodes, and the DPOSS mechanism also requires the nodes to return the hash value of the hard disk stored files in time to verify whether the nodes have always fulfilled their obligations. If the node is disconnected or the hard disk sector is destroyed, the main network will take punishment measures to the node, according to the seriousness of the situation, take punishment measures such as fines, forfeiture of user mortgage, even cancelation of node identity.

Incentive: The incentive layer uses NGK as the incentive measures, the test is the speed of the node packaging data, the more powerful the proof of work, the faster the user packaging speed to get blockchain probability, the main network will generate a blockreward every three minutes.

Data redundancy design: Because of the use of distributed data storage mechanism, in order to ensure the integrity of the data must have redundant back-up to ensure that the data will not be damaged due to the loss of individual nodes, NGK adopts the data back-up mode to ensure the security and integrity of personal data.

From the data layer to the network data encryption read-write mechanism to the consensus layer set the final in the incentive layer to complete the entire data storage process, NGK uses blockchain technology mode to achieve the entire process of the distributed storage of personal data, this is a reduction of the central cloud storage mechanism.

Application of NGK:

NGK app is the user carrier of NGK. As a blockchain technology in the past, it usually needs a blockchain browser to go in the chain in order to realize the data storage synchronization function. NGK as a system serving personal data storage In order to simplify the user's operating process to enhance the user's experience, the complex data uplink process is silly.

One-click to generate NID: The first successful installation and registration of the user is that the system will generate a NID which will be with the user according to the user's personal data and password set by the asymmetric algorithm. All the personal data based on the user only through the NID key can complete the data extraction, combination and decryption to the original data.

One-click data upload, download: NGK app data upload, download, space lease, NGK charging and renewal fees are integrated within the NGK to achieve 24*365 days follow-up services for cloud data anytime, anywhere.

Community Governance and More Value-Added Services: NGK app also integrates blockchain community governance that synchronizes the latest information of the NGK main network and allows all nodes to vote on major direction choices through the app when necessary, later accessing more NGK-enabled application scenarios to enable NGK ecology.

[cryptoexplorer]

What's your price prediction for May 2021? 😎⁠ #bitcoinhalving #blockreward⁠ ⁠ 📷 powered by @cryptocafenews⁠ ⁠ ⁠ Not sure how to start with Cryptocurrency? Checkout our Course and Ebook! ➡️ Link in Bio 😎⁠ ⁠ 😎 Support us and follow:⁠ ✔️ @cryptoexplorer⁠ ✔️ @cryptoexplorer⁠ ✔️ @cryptoexplorer⁠ ⁠ 🖼 Used graphics: Credits to the owner⁠ .⁠ .⁠ .⁠ .⁠ .⁠ #altcoins #decentralized #bitcoincharts #cryptocurrencies #cryptomeme #ripple #cryptotrading #crypto #bitcoinsallday #cryptoworld #cryptocurrencies #cryptomarket #ethereum #cryptoexplorer #blockchain #cryptocurrency — view on Instagram https://ift.tt/2oHwpC2

[cryptoknowmics]

As the transaction fees on Ethereum Blockchain has started increasing, the co-founder of the world’s second-largest blockchain, Vitalik Buterin, suggested to rectify it. Read More

[muusicfm]

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[maisruth]

Bitcoin Whales akkumulieren massiv BTC: Was können Privatanleger lernen?

Bitcoin Whales akkumulieren massiv BTC: Was können Privatanleger lernen?

Das Bitcoin Halving ist nun gute 2 Wochen alt. Seit der Halbierung des Blockrewards hat sich nicht nur bei der Hashrate einiges getan. Gerade bei den Bitcoin Whales zeigt sich ein interessantes Muster. Diese haben in den vergangenen Wochen massiv ihre Anteile an BTC aufgestockt und akkumulieren damit immer mehr Coins. In diesem Artikel betrachten wir die Akkumulation der Whales, die…