bitcoin NEWS

In less than two weeks it is expected the second in the history of Bitcoin is the reduction of the reward for generating a new block, and the result is unpredictable still. The observed recent increase in the price of a cryptocurrency is associated with the expectation of a coming reduction emission event in which the number of new bitcoins are created approximately every 10 minutes, will fall by half (from 25 to 12.5). For more details on Bitcoin Magazine obratilis to Valery Vavilov, BitFury CEO, Samson Mo, one of three Directors of the BTCC. Both companies spetsializiruyutsya on various services in the field of cryptocurrency and is known as the active miners, in particular the BTCC controls one of the largest pools in the world, located in China, and BitFury, founded by immigrants from the former Soviet Union, apart from mining, produces, and equipment for it in the form of ASIC chips. Both experts, without arranging, have provided us with remarkably similar opinions about the upcoming event. A slight decrease in processing power of the network will not harm One of the most common is the fear that after narrowing the issue of interest of miners to further the production of bitcoins will weaken and this may have a negative impact on network capacity. However, our experts did not look too concerned about this. "He who will not be able to adapt quickly leave this market, so we expect some reduction in the computing power of the Bitcoin network, – explained Valery Vavilov. But we do not anticipate that it will be significant.