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Title: When will the reward per block returned to 25 XBT Post by: BicolIsarog on August 24, 2016, 04:02:45 AM As the subject said, I just want to know when will the reward per block returned to 25 XBT (BTC).
PS. I will locked this thread once my question is answered. Thanks in advance. Cheers! Title: Re: When will the reward per block returned to 25 XBT Post by: pooya87 on August 24, 2016, 04:50:30 AM never!
this is how bitcoin is supposed to work. the block rewards that miners gain is reduced by 50% every 210,000 blocks (halving) or approximately 4 years. this is done in order to have a limit for the number of bitcoins that will be created (limit it to 21 million max) it was 50BTC per block at first and after the first 210,000 blocks it became 25BTC and now that we are at 426,606 block the reward is 12.5 and will be 6.25BTC @630,000 block and so on https://en.bitcoin.it/wiki/Controlled_supply Title: Re: When will the reward per block returned to 25 XBT Post by: BicolIsarog on August 24, 2016, 04:56:32 AM never! this is how bitcoin is supposed to work. the block rewards that miners gain is reduced by 50% every 210,000 blocks (halving) or approximately 4 years. this is done in order to have a limit for the number of bitcoins that will be created (limit it to 21 million max) https://en.bitcoin.it/wiki/Controlled_supply This is what I looking for. Thanks Buddy. Now I know, I think its time to make investment as early as today. Hoping to get some bitcoin as soon as possible to stored. Locked this thread. |