28 Nov '12, 3pm

Bitcoin Block Reward Halving Successful

There’s been a lot of chatter lately about the block reward halving and the effect it will have on nearly every aspect of Bitcoin. The halving mechanism is a very important part of Bitcoin’s functionality, ensuring that over time the inflation rate decreases to zero and creating the hard cap of 21 million bitcoins that we can never exceed. I’m sure it comes as no surprise to anyone involved that it’s officially gone off without a hitch , but there are still questions to explore. Block 210,000, containing 457 transactions totaling ~25,421.7 BTC (and a whopping ~13.56 BTC in transaction fees) has officially been mined and the reward for mining it was successfully reduced from 50 BTC to 25 BTC. Congratulations Bitcoin and congratulations to Slush’s pool on their historic block! The block reward halving obviously affects miners, cutting their revenue stream effectively in half...

Full article: http://codinginmysleep.com/block-reward-halving-successful/

Tweets

Bitcoin Block #210 000 mined - reward halving

news.ycombinator.com 28 Nov '12, 3pm

Bitcoin works by having "blocks" of data, containing transaction history (every Bitcoin transfer someone has made - it is ...

Block Reward Halving: A Guide #bitcoin

Block Reward Halving: A Guide #bitcoin

bitcoinmagazine.net 27 Nov '12, 4pm

In order to understand what’s going to happen on Wednesday, it’s important to first understand how money creation in Bitco...

Bitcoin Magazine - Block Reward Halving: A Guid...

bitcoinnews.com 27 Nov '12, 8pm

“Projected to take place on Wednesday [November 28, 2012] at around 18:00 UTC, for the first time ever in Bitcoin history,...

Bitcoin Money: Bitcoin Magazine - Block Reward ...

bitcoinmoney.com 27 Nov '12, 8pm

“Projected to take place on Wednesday [November 28, 2012] at around 18:00 UTC, for the first time ever in Bitcoin history,...

The first great bitcoin reward halving will occ...

bitcoinclock.com 27 Nov '12, 6pm

Reward-Drop ETA: 2012-11-28 18:59:03 UTC (22 hours, 10 minutes) Block count: 209867 Blocks since last difficulty change: 2...

Happy Bitcoin Halving Day

bitcoins.tumblr.com 29 Nov '12, 7pm

Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. ...

#bitcoin block reward halving countdown by @amirtaaki at #progressbar

#bitcoin block reward halving countdown by @ami...

via.me 26 Nov '12, 7pm

#bitcoin block reward halving countdown by @amirtaaki at #progressbar

Happy Halving Day! Press release from Bitcoin F...

prlog.org 28 Nov '12, 7pm

Today, the Bitcoin community celebrates a major milestone, the first “halving day.” For the first three years of the Bitco...

Bitcoin Halving Day Draws Nigh: Prepare to fall...

siliconangle.com 27 Nov '12, 8pm

Prepare to fall to your knees and shake your fist to the heavens, a terrible milestone is upon us, one that will forever c...

Can Block Reward Halving Still Increase #Bitcoi...

codinginmysleep.com 25 Nov '12, 8pm

There has been a lot of chatter lately about an impending event that represents a drastic change in the world of Bitcoin: ...

Q. When was block 210000 generated and who solv...

bitcoin.stackexchange.com 28 Nov '12, 4pm

How can one embed custom data in block headers? Is the timestamp in the genesis block relevant? How is block-solution-with...

Happy Halving Day from Bitcoin die-hards

Happy Halving Day from Bitcoin die-hards

txchnologist.com 03 Dec '12, 2pm

Last Wednesday, Bitcoin—the global, stateless, digital cryptocurrency that has won the heart of technophiles, libertarians...

For "halving", only the "hours" hand for Bitcoi...

serason.com 26 Nov '12, 10am

Countdown To 25 BTC Per Block Reward Donate: 1Jo3spt84pHxAiViWYpuKh1uDapiDPUWCP