bitcoin mining

New Blockchain Startup 4NEW Promises to Solve One of Bitcoin’s Biggest Problems

The Anti Media - 2018-08-06 - Original post - Cached copy

(ANTIMEDIA) — The elephant in the room of the blockchain industry is energy usage. Financial pundits love to compare its intake to national consumption. For example, earlier this year Forbes pointed out that Bitcoin’s proof of work mechanism uses the same amount of electricity in a year as the entire nation of Switzerland. Ars Technica compared Bitcoin usage to the nation […]

20% of bitcoins are left to mine until 21 million supply cap is reached

The Duran - 2018-01-16 - Original post - Cached copy

January 13th marked an important milestone for cryptocurrencies.
Almost nine year ago to the date since the first ‘mined’ bitcoin, 16.8 million bitcoins (BTC), or 80 percent of the entire bitcoin supply, have now been mined.
CoinTelegraph reports that this translates into only 4.2 million bitcoins, or 20% of bitcoins are left to mine until the twenty-one million bitcoin supply cap is reached.

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