28 Nov '12, 3pm

Bitcoin Block #210 000 mined - reward halving

Bitcoin works by having "blocks" of data, containing transaction history (every Bitcoin transfer someone has made - it is only actually made when incorporated into a block), "mined" by a network. These blocks are mined by incrementing a value in the block of data computing a hash of it, until it falls within a certain range. The fact the hash must be in this range results in Bitcoin miners having to do millions of hash computations until they find the correct one, creating a significant level of difficulty in producing a block. This difficulty means that it is difficult to spend Bitcoins twice, since you would theoretically need to control 50% of the computing power working away at it. Each miner is competing with every other to mine the next block first. Whoever does so can add a "reward" of Bitcoins to the block of transactions, and this is how new Bitcoins are made. Ove...

Full article: http://news.ycombinator.com/item?id=4842947

Tweets

Bitcoin Block Reward Halving Successful

codinginmysleep.com 28 Nov '12, 3pm

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bitcoinnews.com 27 Nov '12, 8pm

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bitcoinmoney.com 27 Nov '12, 8pm

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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...

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Block Reward Halving: A Guide #bitcoin

bitcoinmagazine.net 27 Nov '12, 4pm

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via.me 26 Nov '12, 7pm

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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...

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. ...

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...

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: ...

#opensource #geeks Dissecting Bitcoin Block 210...

slashdot.org 30 Nov '12, 2am

"The chatter is a buzz in the bitcion community, the 210,000th bitcoin block has been mined, there are now 10,499,925 bitc...

Ripple and taking the project to the next level...

groups.google.com 28 Nov '12, 9pm

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Bitcoin Mining Reward About To Halve

news.slashdot.org 26 Nov '12, 12am

First time accepted submitter ASDFnz writes "The reward for successfully completing a block (also called mining) is about ...