Buttcoin

397 readers

3 users here now

Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 11 months ago

MODERATORS

[email protected]

The ‘halvening’ is coming — what this means for bitcoin (amycastor.com)

submitted 9 months ago by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 9 months ago* (last edited 9 months ago)

Correct, the difficulty (official term) adjusts every ~14 days so that the average time between blocks remains 10 minutes or so. But the rewards of each block is constant within each halving period. So you can outcompete other miners by purchasing better hardware, or getting cheaper power, but it's a slow grinding process.

The halvening instantly halves the block reward, so everything is twice as expensive per bitcoin. If your margins are thin now, they're even thinner after the halvening.

Here's a chart of the difficulty over time (no endorsement of blockchain.com, this is public info):

https://www.blockchain.com/explorer/charts/difficulty