What prevents mining cartels from not selling all of the mined Bitcoin immediately and artificially rising the price?
Much like OPEC why would the mining cartels of Bitcoin not sell only a portion of their mined Bitcoin to artificially inflate the price and it value? Are there any signs showing this might be happening? Because it would be in their own rational self interest.
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survey: What's your mining cost and how much % of the mined Bitcoins do you sell monthly?
I'm extremely curious what's the average mining cost of 1 BTC with the current difficulty (not counting ROI) and how much % of the mined coins do you sell on average each month. I'm trying to estimate the price of Bitcoin :-) I know that's impossible to do that but I'm still very curious if the current market price significantly exceeds the "production cost".
21 inc says that the mined bitcoin from their Bitcoin computer "just provides continuous liquidity into the system." Can anyone explain what they mean by this? It does not seem to make any sense at all.
21 inc says that the mined bitcoin from their Bitcoin computer "just provides continuous liquidity into the system." Can anyone explain what they mean by this? It does not seem to make any sense at all. /r/Bitcoin
Does monero have any strict disadvantages versus bitcoin like transaction speeds/fees, mining centralization etc that are inherent to the technology?
Obviously it currently has higher transaction speeds due to a lower number of users, but as I understand it monero is bitcoin + a few anonimity modifications to the protocol. Do these modifications increase the computational power required for mining given the same transaction volume compared to bitcoin? In other words, how much are you paying for anonymity?
[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!
As of now, 630,000 blocks have been mined on the Bitcoin network, and the block reward has successfully halved for the secondTHIRD time. The previous block reward was 12.5 BTC, and the new block reward is now 6.25 BTC. Since the previous halving at Block 420000, monetary inflation decreased from 4.17%% to 3.57%. Block 630000 signals an immediate 50% reduction to 1.79%. The next halving will occur at Block 840000 in approximately four years. Godspeed, Bitcoin! Here's Block 630000 in all its glory!
More Comedy GODL in r/Bitcoin: "Finally got my father, a factory owner, into bitcoin mining and guess who’s getting all the money. Me. My idea my money \_😎_/" ... and proceeds to fight with r/Bitcoiners, calls them "bitch niggaz", and claims "Electricity is free in my country" 🤣🤣🤣
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