Bitcoin Mining Reward About To Halve

First time accepted submitter ASDFnz writes "The reward for successfully completing a block (also called mining) is about to halve from 50 bitcoins to 25 . From the article: 'Bitcoin is built so that this reward is halved every 210,000 blocks solved. The idea is as bitcoin grows the transaction fees become the main part of the reward and the introduction of new bitcoin’s slows down to a trickle. This also means that there will only ever be 21,000,000 bitcoins in circulation.' You can watch the countdown here."

Full article: http://news.slashdot.org/story/12/11/25/2124236/bitcoin-m...

Tweets

@furtherfield » 27 Nov '12, 5pm
Bitcoin Mining Reward About To Halve from 50 bitcoins to 25 - Slashdot - [link]
@chocoboner » 26 Nov '12, 11am
[link] no!!! not right after I just took out 10 separate loans setting up a bitcoin mining operation in my parents' basement!!
@vallie » 26 Nov '12, 5am
Bitcoin Mining Reward About To Halve [link] via @slashdot
@kristingabbard » 26 Nov '12, 2am
#HeadlinesThatMadeNoSenseTenYearsAgo RT @slashdot: Bitcoin Mining Reward About To Halve [link]
@BitCoinReporter » 26 Nov '12, 1am
Slashdot story on halving reward [link] #bitcoin
@hawks5999 » 26 Nov '12, 12am
Get em before they take off. #Bitcoin deflation imminent. [link]
@BotTuringTest » 26 Nov '12, 12am
Bitcoin Mining Reward About To Halve: First time accepted submitter ASDFnz writes "The reward for... [link] #BotTuringTest
@msilbe » 26 Nov '12, 12am
Bitcoin Mining Reward About To Halve: First time accepted submitter ASDFnz writes "The reward for successfu... [link] #vox
@ITILNews » 26 Nov '12, 12am
Bitcoin Mining Reward About To Halve: First time accepted submitter ASDFnz writes "The reward for successfully c... [link]
@AltGovUK » 26 Nov '12, 12am
RT @SlashDot: Bitcoin Mining Reward About To Halve [link] #News
@triple5adam » 26 Nov '12, 12am
RT @slashdot: Bitcoin Mining Reward About To Halve [link]
@slashdot » 26 Nov '12, 12am
Bitcoin Mining Reward About To Halve [link]
@KyleOlney » 26 Nov '12, 12am
RT @slashdot: Bitcoin Mining Reward About To Halve [link]
@Gary_Niger » 26 Nov '12, 12am
RT @slashdot: Bitcoin Mining Reward About To Halve [link]
@FinnyQuac » 26 Nov '12, 12am
RT @slashdot: Bitcoin Mining Reward About To Halve [link]
@cweagans » 26 Nov '12, 12am
RT @slashdot: Bitcoin Mining Reward About To Halve [link]
@Polymathic_ » 26 Nov '12, 12am
RT @slashdot: Bitcoin Mining Reward About To Halve [link]