What Is Bitcoin - History, How It Works, Pros & Cons

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If there are fewer miners, it is expected the mining hardware manufacturers will take an even larger stake in the bitcoin mining process. With more energy-efficient hardware still being developed, it is likely a certain degree of centralisation will occur in the mining world. The final 5 percent (1.05 million bitcoins) could prove to be ... The Bitcoin Kill Switch is quite alive, well, and waiting to be pressed: "I can’t assure with 100% certainty that the all the black dots are owned by Satoshi, but almost all are owned by a single entity, and that entity began mining right from block 1, and with the same performance as the genesis block. What is Bitcoin? It is a new kind of money. Actually, it's just an old kind of money you're already familiar with, but with certain improvements. It turns out this new, improved money has some very important properties which make Bitcoin one of the most important inventions of all time. At it's heart, Bitcoin is a ledger --a list of ... BTC-Mining: Make it a menu with those four colors from the bootstrap buttons, using the smallest format should make a nice bar. nefario: oh right good idea thanks for the suggestion. Bugpowder: 10% return on my S.MPOE trade today yesss 4.5 BTC. mircea_popescu: hehe wd. BTC-Mining: You should trade more S.MPOE. Bugpowder: It was a once in a ... Havelock, a bitcoin miner, has traded between $1.20-2.00 for months. Lastly, MPOE, a bitcoin stock and options exchange, keeps tearing it up. If people were hoarding such that bitcoin velocity was declining, the prices of all these stocks should have fallen dramatically.

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