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Will Miners Stick Around When All Bitcoins Have Been Mined?

One of the main features of Bitcoin is that it is limited to a supply of 21 million Bitcoins. This means that it is completely impossible to make more of the leading cryptocurrency, unlike fiat currency which can be printed. The limited supply of Bitcoin drives its value too. Although because Bitcoin is kept afloat by a network of miners who are compensated in block rewards, many people wonder what happens when all the Bitcoins have been mined. Just as we wonder what will happen when fossil fuels run out in fifty odd years, it is a scary thought for...

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Cryptocurrency And The Future Of The Environment

One of the biggest and perhaps most important criticisms of Bitcoin is that it harms the environment. The US Senate committee on Energy and Natural Resources released a document revealing that Bitcoin mining consumes nearly 1% of the globe’s electricity consumption. In an age where we’re more conscious of the environment than ever, this statistic can be a hard pill to swallow. Some lay-people who know little about cryptocurrency have gone so far as to use this as a criticism for all coins and tokens, however that would be inaccurate. Bitcoin does not consume so much electricity because it is...

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Bitcoin Mining Has To Change In The Future

When the mining of cryptocurrencies such as Bitcoin and Ethereum becomes huge, we are sure to see a big change in the landscape and a huge change in the way tokens are currently created and extracted from the blockchain. In order to understand the true future implications of a bigger crypto mining culture, we first need to understand exactly what mining is, thankfully, Technopedia provides a very description of what mining actually means: “Blockchain mining involves adding transactions to the existing blockchain ledger of transactions distributed among all users of a blockchain. Mining is typically done on a dedicated computer,...

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Insane, Easy, But Worth It?: Why Bitcoin Browser Mining Is Becoming Wildly Popular And Might Pay Off For You

If you have ever been curious about Bitcoin mining and are concerned that the ship has sailed to successfully profit from your ventures, for many this might be the case if you’re seeking to collect entire Bitcoins for little time, energy and effort. Some, however, have turned to bootstrapping methods to get every little bit of Bitcoin they can. How are they doing so? With a Google Chrome-based browser called CryptoTab. CryptoTab runs off of chromium, is for desktop and mobile, and feels exactly like using Google Chrome. The developers boast that CryptoTab is a fast browser that will mine...

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Washington-Based Mining Firm Announces Funding For Equity-Backed Security Token

April 30th, Elite Mining Inc, has announced the start of its Series A equity-backed security token funding round to raise almost 6.4 million dollars for expansion of its cryptocurrency mining operations. Pledge forms for the round will start being accepted immediately upon the launch of the round. Elite Mining Inc, is doing a Series A funding round where it will be issuing tokens per a SAFT agreement.  The EMI tokens directly correspond to shares of equity in the company. Having an Elite Mining Inc token means that you own part of the company and that investors have rights to dividends...

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