Sentences with phrase «diminishing block reward»

There is a diminishing block reward for every block mined.

This causes the diminishing block reward to result in total aggregation of bitcoins which is lower than ultimate cap of 21 million as determined by the current bitcoin protocol.

Second, facing a diminishing block reward, and barring radical alternative solutions, scarcity in the blocks might actually be needed to secure a long - term income for bitcoin miners.

They are worried about how the diminished block reward will affect Litecoin's price and mining profitability.

Not exact matches

That reward halves after every time 210,000 blocks are mined, and mining becomes more difficult as more miners join the network, creating that diminishing scale of return initial coin offerings nowadays try to recreate through their funding schemes.