'Bitcoin a matter of national security' - Mara’s CEO after Russia mined $3B

Russia made $555 million in taxes from $3B BTC mined last year in the wake of Western sanctions This remarkable feat tipped Mara’s Thiel to call Bitcoin and mining a "national security" matteThe post 'Bitcoin a matter of national security' - Mara’s CEO after Russia mined $3B appeared first on AMBCrypto.

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19 millionth Bitcoin has just been mined, only 2 million BTC left

The 19,000,000th Bitcoin has just been mined at block #730003.

The post 19 millionth Bitcoin has just been mined, only 2 million BTC left appeared first on CryptoSlate.

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They’ve Now Mined Almost All the Bitcoin That Will Ever Exist

Bitcoin was designed to have a hard cap of 21 million bitcoins, a limited coin supply, in many ways, mimicking the finite amount of other valuable goods like gold. But well over a decade after the first bitcoin was mined, the mainstream cryptocurrency is nearing  its next threshold: 19 million mined bitcoins, a notable milestone. […]

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They've Now Mined Almost All the Bitcoin That Will Ever Exist

Bitcoin was designed to have a hard cap of 21 million bitcoins, a limited coin supply, in many ways, mimicking the finite amount of other valuable goods like gold. But well over a decade after the first bitcoin was mined, the mainstream cryptocurrency is nearing  its next threshold: 19 million mined bitcoins, a notable milestone. […]

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Bitcoin’s Scarcity Amplified As Total Mined BTC Hits 90% Milestone — What This Means

On-chain data shows that 90% of all Bitcoins to ever exist have now been mined.   Bitcoin’s scarcity is bound to increase as the remaining 10% will be mined in about 119 years. Prices are expected to surge as Bitcoin becomes more scarce and in demand.

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Riot Blockchain Reports A 460% Increase in Hash Rate; Doubles the Bitcoin Held on Balance Sheet

Meanwhile, newly mined BTC increased by 36% on (QOQ), with 303 bitcoin mined in the 4Q20 compared to 222 bitcoin mined in the previous quarter, “predominantly driven by the increase in the hash rate.

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WBTC Are Being Tokenized on Ethereum Faster Than Bitcoin is Mined

More WBTC was created in the past week than the amount of Bitcoin that was mined by miners.

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85% of All Bitcoin Have Now Been Mined

The vast majority of all bitcoin that are ever to exist have now been mined with issuance just reaching 85.01% today. Some 17,851,288 bitcoin have been mined now, with just... The post 85% of All Bitcoin Have Now Been Mined appeared first on Trustnodes.

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85% of All Bitcoin Have Been Mined: Does Scarcity Create Value?

Despite the fact that Bitcoin is 50% down from its all-time high of $20,000, the project has continued to set milestones. As noted by countless cryptocurrency Twitter users on Wednesday, the number of Bitcoin that has been mined has officially surmounted 17,850,000.

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85% of the world’s Bitcoin has been mined

Sound the alarm, bang the gong, yodel down an Austrian valley; as of yesterday over 85-percent of the total Bitcoin supply has been mined. But seriously, there’s no need to worry. According to various Bitcoin blockchain explorers and market information websites, over 17,850,000 Bitcoin (17,850,600 according to CoinMarketCap) have been mined and are classed as being “in circulation.

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Mining The New Way: Ultra Rewards Without Hijacking Terminals With MintMine

Crypto mining was a new frontier in 2011. Bitcoin’s ledger had just launched a couple of years earlier. Most were still barely getting used to the idea, and possibilities. At that point, it was common for Bitcoins to be mined from computers in basements and college dormitories.

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy.

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AntPool Mines Invalid Block, Loses 12.5 BTC Reward

At a block height of 584,802, AntPool mined an invalid block and was forced to forfeit their 12. 5 BTC block reward. The rejection came as a result of an erroneous coinbase transaction and was spotted by Bitrefill dev Justin Camarena, as reported by The Next Web, July 11, 2019.

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Bitmain lost $150,000 because it mined an invalid Bitcoin block

Bitmain-owned mining pool Antpool appears to have squandered at least $150,000 worth of Bitcoin mining rewards, reports BitMEX Research, the analytic arm of cryptocurrency exchange BitMEX. At 14:35 UTC, June 10, the Bitcoin network rejected a block after it had been mined, which effectively cancelled the 12.

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Bitcoin Miners Feeling FOMO? Blocks Are Being Mined At January 2018 Pace

Bitcoin is a digital currency which is unique in many aspects, whether it is about, as an analyst Willy Woo puts, creating an internet scarcity, the fixed, hard cap limit on a new form of currency or the reduction in supply rate.

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Hut 8 mines record amount of bitcoin (BTC) for Q2 2019

Hut 8 Mining, one of the world’s largest public cryptocurrency mining companies by operating capacity, announced today that for the this year’s second quarter it has mined 2,816 bitcoin (BTC) and has retained bitcoin of 3,250, both the highest quarterly amount in Hut 8’s history. For the second quarter of 2019, Hut 8 mined 2,816 […]

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7 months after Hash Wars, Bitmain’s BTC.com appears to mine Bitcoin SV

BTC. com, the flagship mining pool of cryptocurrency firm Bitmain Technologies, appears to have started mining the Bitcoin Satoshi Vision (BSV) blockchain once again – a likely controversial move.

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Bitcoin “Creator” Craig Wright Fails To Impress In Court

Self-proclaimed Bitcoin ‘inventor’, Craig Wright, was giving a testimony yesterday to explain why he can’t produce the public addresses of the bitcoin he has mined. Fortunately, law reporter, Carolina Bolado, was there to tweet progress as it happened.

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Iran seizes 1,000 Bitcoin miners, says mining with state electricity is a no-no

Authorities in Iran have seized around 1,000 Bitcoin mining machines from two abandoned factories, according to Reuters. The report hasn’t stated what cryptocurrency was being mined, or for how long the farm had been operating.

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‘Craig Wright is F***ed’ Says NY Lawyer

According to a lawyer holding licenses in New York, Hong Kong, and Taiwan, the self-proclaimed Satoshi Nakamoto, Craig Wright, is in serious legal trouble in his case against Ira Kleiman.   The Craig Wright Lawsuit  Back in February 2018, the brother of the now deceased David Kleiman filed a lawsuit against the self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent, Craig Wright.

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Location Data During Bitcoin’s Initial Genesis Block Show Craig Wright is not Satoshi Nakamoto

Crypto researchers keen with Satoshi’s whereabouts recently uncovered that Craig Wright’s ‘Self-proclaimed Satoshi’ theory is indeed inconsistent with facts. This was proven by the IP addresses of Craig and Satoshi back in 2009 when the first BTC was mined and transferred.

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Automatic Bitcoin Micropayments Are Coming to Lightning Network

With the introduction of Joule Allowances, the Bitcoin network takes one step closer to achieving its potential for automated micropayments and ‘streaming money. ’ Joule Allowances Enables BTC Auto-Micropayments Since its inception, Bitcoin has been trying to live up to its promise of being an enabler of frequent, low-value, instant payments.

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Judge Seals ‘Bitcoin Inventor’ Craig Wright’s Satoshi Documents

By CCN Markets: Florida judge Bruce Reinhart sealed the list of bitcoin holdings that self-proclaimed “Satoshi Nakamoto” Craig Wright was compelled to submit on June 17 pursuant to an order he issued last week.

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Court Orders ‘Bitcoin Inventor’ Craig Wright to Put Up or Shut Up

By CCN Markets: A Florida judge ordered Craig Wright — the self-proclaimed inventor of bitcoin — to put up or shut up if he wants to prove that he’s Satoshi Nakamoto. In a June 14 motion to compel, federal magistrate judge Bruce Reinhart ordered Wright to produce a list of all the bitcoin he mined prior to December 31, 2013.

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Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

Coinspeaker Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture CapitalistA Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system.

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A Better Store Of Value: About 60% Of BTC Hasn’t Been Moved In A Year

Bitcoin, being the most pricy and popular crypto, has always generated a lot of talk concerning its future. A recent tweet by a cryptoanalyst has everyone thinking of the long-term prospects for Bitcoin’s price and market stability.

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Report: 74% of bitcoins are mined using renewable energy sources

Bitcoin miners actively use renewable energy sources. More than 74% of mined bitcoins were created using environmentally friendly energy resources.

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Bitcoin [BTC], cryptos mined on open blockchains are illegitimate tools, claims Russia’s State Duma official

Bitcoin has traditionally been mined over open blockchains around the globe. However, according to a recent report, mining over open blockchains will lead to heavy fines being imposed on Russian miners.

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Asteroid mining could inflate Gold’s supply, making Bitcoin a better store of value

Gold is known as one of the best long-term wealth storing assets during economic crises because of its reliably rare supply, which makes it maintain its value without much depreciation. Only 2,600 tonnes of gold are mined per year expanding the above ground supply at a yearly rate of 1.

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Monero’s Riccardo Spagni: Bitcoin Network’s Longevity Gives it The Edge Over Other Crypto Assets

This January, Bitcoin marked a decade since its inception. The first block of the world’s biggest cryptocurrency was mined in January 2009. Over the years, Bitcoin has captured the attention of many, including individual traders, institutional investors, regulatory agencies and notable government institutions all over the world.

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What Happens When All the Bitcoins Have Been Mined?

Over 83 percent of all bitcoins that will ever exist have already been minted. Over 99 percent will be mined by 2040. So, what happens when all the bitcoins have been mined? Bitcoin Has a Finite Supply of 21 Million Bitcoins One of the key features of Bitcoin is its hard-capped finite supply at 21 million bitcoins.

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Bitcoin [BTC] price surge could be a sign that institutions are FOMOing

In a recent twitter thread by Rhythm Trader, it was revealed that Grayscale Bitcoin Trust had accumulated 11,236 bitcoins in April. The tweet also said that 54,000 bitcoins were being mined per month and that Grayscale was buying up 21% of the new supply of Bitcoin.

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State Street Global Advisors: Reports Of Gold Investors Flocking To Cryptos Have Been Exaggerated

Reports Of Gold Investors Flocking To Cryptos Have Been Greatly Exaggerated Bitcoin and gold share many similarities, including being used as a currency, transfer of wealth, store of value, and more – they also both can be “mined” for and boast relative scarcity as one of the reasons giving it such value. That scarcity is […]

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Wall Street Bitcoin FOMO: Grayscale Gobbling Up 21% of Newly Mined BTC

Grayscale Bitcoin Trust (GBTC) is now buying up about 21 percent of newly mined BTC monthly suggesting increasing demand from Wall Street. Insatiable Wall Street Appetite for Bitcoin According to a Wednesday (May 29, 2019) tweet from Bitcoin analyst Rhythm, Grayscale bought more than 11,000 BTC in April 2019.

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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

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5 bite-size Bitcoin factoids to beef up your cryptocurrency knowledge

Bitcoin celebrated its 10th birthday earlier this year. The cryptocurrency is technological feat and while its inner workings are often difficult to understand, or explain, there are a few interesting facts every enthusiast should know.

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Aussie Bitcoin Miner Retrofits Government Computers, Faces 10 Years in Prison

By CCN: A man from Sydney, Australia will appear in court on Tuesday after turning a government computer into a bitcoin mining rig. He allegedly mined $9,000 worth of cryptocurrency on the modified machine.

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Bitcoin Surged 10x After 2016 Halving; Will 2020 See a Similar Result?

By CCN: In about every four years, the Bitcoin blockchain network experiences a block reward halving, a mechanism that reduces the rate in which new bitcoin is generated or mined by miners. The block reward halving has typically served as a key fundamental factor behind the dominant cryptocurrency’s major rallies.

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Bitcoin [BTC]: Andreas Antonopoulos explains reason behind unknown block versions being mined

Andreas Antonopoulos, the author of Mastering Bitcoin and well-known Bitcoin proponent, spoke about unknown block versions being mined in relation to the Bitcoin blockchain, during the latest Q&A session on YouTube.

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5 Million Bitcoin May Have Been Lost Forever

The percentage of bitcoin in circulation reached a low of 60% during summer 2017 and now stands at 70%. Suggesting about 30% of all coins mined so far, circa 5...

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The Price of Bitcoin in USD is Soaring to 2019 Highs, Here’s 12 Major Factors Behind the BTC Boost

The price of Bitcoin has been on a steady rise since April. Several people are asking what is behind the surge so here are the major factors behind the current surge which is not likely to stop anytime soon.

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Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies

On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.

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Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.

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Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List

The ongoing lawsuit between the relatives of Dave Kleiman and Craig Wright continues to unfold as a filing has been unsealed that shows a list of addresses tied to the first 70 bitcoin blocks Wright claims to have mined.

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Square Cash Bitcoin Sales Will Overtake Mining Rate After 2020

Square’s Cash app reported record Bitcoin revenue once again, in its Q1 2019 earnings report. If growth continues at this rate, there could soon be 2 BTC bought on Square Cash for each one mined.

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Bitcoin Cash blocks tagged with “Satoshi Nakamoto,” rumors of impending attack

Mysteriously, 25 percent of mined Bitcoin Cash blocks are being tagged with “Satoshi Nakamoto. ” Given the May 15th hard fork as part of a scheduled protocol upgrade, it is rumored that the tagging is a miner signaling 51 percent attack.

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Brazilian Police Accidentally Discover Money Laundering Bitcoin Mining Farm

By CCN. com: A report published in local Brazilian news outlet Zero Hora has revealed that Brazilian police have made an arrest in connection with a suspected crypto money laundering scheme. An accidental discovery The report, which was published on April 23, claims that the State Department of Drug Trafficking (Denarc) in Porto Alegre, Rio Grande do Sul came upon a house where cryptocurrencies were being mined as they were on the trail of a suspected drug trafficker.

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Upcoming block reward halving could give Litecoin a boost

Litecoin (LTC), one of the earliest Bitcoin forks, is only 100 days away from a block reward reduction event that plans to make it harder for the tokens to be mined—which could make the circulating supply of LTC more valuable.

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One mining pool controls a dangerously dominant share of BitcoinSV’s hash rate

The integrity of Bitcoin Satoshi Vision (BitcoinSV) remains in question, as one group of cryptocurrency miners approaches control of the network‘s hash rate. Calvin Ayre’s CoinGeek has become BitcoinSV’s primary mining pool.

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