Bitcoin ‘Mining” Outlook Uncertain Simpley put, all Bitcoin transactions are recorded on a blockchain, a public, decentralized, permissionless ledger. The transactions are recorded in bundles, called “blocks,” by “miners” who receive a small reward in kind for mining. The process creates new Bitcoins. Miners currently earn 25 Bitcoins per block that is 16.175. The beginning […]
Bitcoin at 2 Yr High on Shrinking Supply Bitcoin runs to a 2-year high on speculation that the supply of the digital currency will shrink. The crypto-currency rallied to $696.5 Monday in Hong Kong, the highest since February 2014. It was trading at $689.23 as of 3:50p in Hong Kong, + 19% from Friday. Profits […]
