03 Dec '12, 7am

Bitcoin Block Reward Halved to 25BTC: Earlier this week, the 50BTC reward given to miners that successfully find...

Bitcoin Block Reward Halved to 25BTC: Earlier this week, the 50BTC reward given to miners that successfully find...

Earlier this week, the 50BTC reward given to miners that successfully find blocks of Bitcoin transactions was halved to 25BTC. This means that the gross income of miners is now half of what it has been since the cryptocurrency’s inception. As a result, many miners – especially those using graphics cards – will have to re-evaluate their net earnings to determine if they are still making any profits from mining coins after hardware and electricity costs are taken into consideration. As an example, when mining bitcoins using a single shader-unlocked AMD Radeon HD 6950 graphics card, I was able to obtain approximately 0.12 BTC per day. Now, because the reward is cut in half, I am able to make about 0.06 BTC per day. Unfortunately, that is approximately the same amount of BTC (when converted to USD) that it costs in electricity to run, negating profits. Technically, according t...

Full article: http://www.pcper.com/news/General-Tech/Bitcoin-Block-Rewa...

Tweets

Bitcoin GPU Miners still going strong: One of t...

slashdot.org 02 Dec '12, 11pm

"One of the predictions that I posted might happen when the mining reward dropped from 50 BTC to 25 is that GPU Miners wil...

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 ...

Bitcoin Block Reward Halving Successful

codinginmysleep.com 28 Nov '12, 3pm

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 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,...

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 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 ...

#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

@AntiWarcom is now accepting #Bitcoin #BitcoinN...

silverunderground.com 03 Dec '12, 8pm

It seems like Bitcoin is making waves all the time. Not long ago blog hosting giant, Word Press announced they would begin...

NEW: exchange #Bitcoin directly through us to #...

feedzebirds.com 05 Dec '12, 3pm

FeedZeBirds pays you automatically for retweeting sponsored messages. Payouts occur using Bitcoin, which is a new digital ...

25 Bitcoins per Block - Not Enough for Some Min...

thebitcointrader.com 15 Dec '12, 3am

On the 28th of November, the reward for solving a Bitcoin block dropped from 50 Bitcoins to 25 as the first of several pro...

#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...

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: ...

How To Accept Bitcoin On Your Website

How To Accept Bitcoin On Your Website

blog.coinbase.com 05 Dec '12, 7pm

How To Accept Bitcoin On Your Website We’ve been working hard on our merchant tools, and today we’re announcing the launch...