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Bitcoin Mining Reaches New Milestone
Jul. 11, 2016 11:26AM PST
Fintech InvestingThe bitcoin community saw a new milestone last weekend, when the reward for mining new bitcoin halved from 25 BTC to 12.5 BTC. This halving mechanism is in place to reduce the possibility of inflation affecting the currency. Bitcoin Magazine has released a new infographic, which compares key metrics in the Bitcoin ecosystem. As Visual …
The bitcoin community saw a new milestone last weekend, when the reward for mining new bitcoin halved from 25 BTC to 12.5 BTC. This halving mechanism is in place to reduce the possibility of inflation affecting the currency.
Bitcoin Magazine has released a new infographic, which compares key metrics in the Bitcoin ecosystem. As Visual Capitalist explains, “it compares facts and figures on the cryptocurrency from when the first halving event took place (Nov 28, 2012) with today’s metrics. The landscape looks very different, with metrics such as price, users, market cap, and hashrate all skyrocketing upwards.”
Click here to view the full infographic on Visual Capitalist.
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