Bitcoin

News - Rewards set to halve for digital money miners

bbc.co.uk 28 Nov '12, 2am

Bitcoin

28 November 2012 Last updated at 01:49 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Rewards set to halve for digital money miners Bitcoin "miners" generate the coins by completing work on a computer Continue reading the main story Related Stories Digital currency: Brave new world or criminal haven? Bitcoin users sue over lost funds Bitcoin 'will recover' from crash People trying to profit via the bitcoin electronic currency will soon have to work harder to mint the digital coins. Safeguards built into the bitcoin software are about to be triggered as the number of bitcoins in circulation hits a key milestone. This means bitcoin "miners" will have to work twice as hard to be rewarded with the same number of coins. The change comes as competition to create the coins gets more intense with the release of custom mining chips. Since the cre...

Full article: http://www.bbc.co.uk/news/technology-20510447

Tweets

@mokka » 29 Nov '12, 3pm
Why, oh why, tie value to work? "Bitcoin creates money when a specific amount of computer work has been completed." [link]
@morefromamor » 29 Nov '12, 1pm
Confused about bitcoin? This BBC article on current developments has an accessible summary on the currency. [link]
@Oppedochat » 29 Nov '12, 10am
Rewards halve for digital miners - Bitcoin safeguard to soon be started. #bitcoin #anonymous [link]
@GillesU_DMFS » 29 Nov '12, 10am
RT @jonmatonis: BBC News: Rewards set to halve for digital money miners [link] #bitcoin
@MrsBonaccorsi » 29 Nov '12, 9am
RT @NumisMaverick: Bitcoin rewards halve as virtual economy shifts [link]
@NumisMaverick » 29 Nov '12, 9am
Bitcoin rewards halve as virtual economy shifts [link]
@superkakoi » 29 Nov '12, 8am
Rewards halve for digital miners wtf is a bitcoin???? [link]
@Jamesamperi » 29 Nov '12, 7am
RT @choosenick: "Rewards halve for digital miners". Bitcoin is crazy. And surely something to watch closely: [link]
@choosenick » 29 Nov '12, 7am
"Rewards halve for digital miners". Bitcoin is crazy. And surely something to watch closely: [link]
@Mat_Ankers » 29 Nov '12, 7am
Rewards halve for digital miners as Bitcoin safeguards are triggered to control inflation [link]
@janowenltd » 28 Nov '12, 11pm
#Bitcoin digital currency inbuilt design to prevent money supply inflation ; block reward halves today - bbc report [link]
@ManifestStefany » 28 Nov '12, 9pm
Rewards set to halve for digital money miners: Since the creation of the bitcoin network in early 2009, bitcoins... [link]
@BTCFoundation » 28 Nov '12, 9pm
BBC News reports on bitcoin halving day [link] #bitcoinhavlingday #bitcoin
@babbletees » 28 Nov '12, 2pm
It's an interesting day for Bitcoin when the BBC announces an event in such as this:... [link]
@DiMeBoulder » 28 Nov '12, 12pm
#dimeboulder DiMeMoney: Bitcoin return adjustment keeps digital money supply stable -- is digital money the wave... [link]
@MortimerSpinks » 28 Nov '12, 12pm
RT @AustinJepsen: Increased circulation of #bitcoin set to double work needed to mint a coin. Will the measure stabilise the currency? [link]
@AustinJepsen » 28 Nov '12, 11am
Increased circulation of #bitcoin set to double work needed to mint a coin. Will the measure stabilise the currency? [link]
@NABcomUK » 28 Nov '12, 10am
BBC News - Rewards 2 halve for #bitcoin miners [link] "main reason.. is 2 control #inflation" via @bitcoinmoney
@Beautyon_ » 28 Nov '12, 9am
Since the creation of the #bitcoin in 2009, bitcoins have grown to become a very widely used digital currency [link] < 100% PR
@ZW3I » 28 Nov '12, 9am
RT @BitCoinReporter: BBC News - Rewards set to halve for digital money miners [link] #bitcoin
@mobile_gadgets1 » 28 Nov '12, 8am
Rewards set to halve for digital money miners [link] @BBC @Bitcoin @bitcoinnews @bitcoineconomy
@Quarky_Hiker » 28 Nov '12, 8am
Bitcoin reacts to threat of inflation caused by excessive currency mining: [link]
@doch » 28 Nov '12, 8am
[link] another milestone for bitcoin.
@DexterDeadwood » 28 Nov '12, 7am
People trying to profit via the bitcoin electronic currency will soon have to work harder to mint the digital coins. [link]
@craigneale » 28 Nov '12, 7am
Did you know that there is an online currency? #bitcoin - [link]
@PhildeGruchy » 28 Nov '12, 7am
By my calculation thats £80m bitcoins in circulation- Bitcoin Rewards halve for digital miners - [link]
@Trog001 » 28 Nov '12, 4am
Rewards halve for digital miners - #Bitcoin about to reach next digital inflation milestone [link]
@bendavenport » 28 Nov '12, 2am
RT @ErikVoorhees: BBC News - Bitcoin inflation rate cuts in half while dollar, euro continue printing [link] #forex #gold #trade #freedom #euro
@ErikVoorhees » 28 Nov '12, 2am
BBC News - Bitcoin inflation rate cuts in half while dollar, euro continue printing [link] #forex #gold #trade #freedom #euro
@WillieSmothers » 28 Nov '12, 2am
BBC News - Rewards set to halve for digital money miners [link] #bitcoin
@manchfu » 28 Nov '12, 4am
RT @ErikVoorhees: BBC News - Bitcoin inflation rate cuts in half while dollar, euro continue printing [link] #forex #gold #trade #freedom #euro