Veröffentlicht: 26.01.2018

Halving

Halving: a sophisticated system

Halving is one of the most important programming attributes forged by the inventor of the digital currency. Halving – by 50 percent every four years – is precisely codified in the Bitcoin protocol.

The total number of Bitcoins to be mined is set at 21 million. Miners (prospectors) collect accumulating transactions in blocks and work them into the blockchain. After doing this, the miner receives a reward.

Whenever a miner succeeds in solving the mathematical problem posed by the Bitcoin network, he can attach a block to the blockchain. The miner then receives, among other things, a reward in the form of bitcoins.

Buy and sell Bitcoin quickly and easily

» Start now *
* This link is an affiliate link (advertising).

And this is always after halving the last calculation. It also affects the other digital currencies.

Bitcoin halving: money creation in an intelligent way

Unlike banks, which sometimes generate uncontrolled money, the digital currency takes strict care to ensure that a healthy amount of money creation is maintained. This is to avoid inflation, which leads to price increases and devaluation.

Doing this to the the mining rewards can promote deflation. If it stops being lucrative for some miners, the Bitcoin network can cope. This is because the Bitcoin Protocol responds to the loss of prospectors by facilitating the work of the remainders.

Basically, it cannot lead to price losses, destabilization or even a crash. We think that it will lead to deflation and an appreciation and a strengthening of the currency. However, supply and demand also regulate the price. The date of the next halving is 08. 06. 2020.

More information can be found here: www.bitcoinblockhalf.com

The best providers to earn Bitcoin

» To the provider comparison *
* This link is an affiliate link (advertising).

Leave a Reply

Your email address will not be published. Required fields are marked *

Earn Bitcoin with master nodes from 0.015 BTC - For beginners

Recommendation for beginners: Der Masternode Pool Club PoolNode is the little brother of the company GetNode. PoolNode enables its members to participate in a unique Masternode Pool which is already over 100 Bitcoin in size. PoolNode achieves very good results through active management of the pool and continuous acquisition of new master nodes. With GetNode you can participate from 0.2 Bitcoin and with PoolNode from 0.015 BTC.

Earn Bitcoin with Masternodes

Editor's recommendation Der Masternode Pool Club GetNode is the only provider of its kind. GetNode enables its members to participate in a unique Masternode Pool which is already over 100 Bitcoin large. GetNode achieves very good results through active management of the pool and continuous acquisition of new master nodes.

The big comparison - Masternodes vs Mining

What's the best way to make Bitcoin?
In our detailed article on Bitcoin Mining vs. Masternodes, we have compared the different methods of Bitcoin extraction. Bitcoin Mining or Cloud Mining is only worthwhile in very specific market phases. Learn more about this in our article Bitcoin Mining - Masternodes the better alternative!