DCC 5.41% 3.5¢ digitalx limited

I need to take issue with this, are you familiar with difficulty...

  1. 56 Posts.
    I need to take issue with this, are you familiar with difficulty and the reward retargeting aspects of BTC?

    (from https://bitcoin.org/en/faq)
    How are bitcoins created?

    New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange. The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. This makes Bitcoin mining a very competitive business. When more miners join the network, it becomes increasingly difficult to make a profit and miners must seek efficiency to cut their operating costs. No central authority or developer has any power to control or manipulate the system to increase their profits. Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow. Bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence. At this point, Bitcoin miners will probably be supported exclusively by numerous small transaction fees.

    (and from http://qz.com/154877/by-reading-this-page-you-are-mining-bitcoins/)

    The size of each batch of coins drops by half roughly every four years, and around 2140, it will be cut to zero, capping the total number of bitcoins in circulation at 21 million.
 
watchlist Created with Sketch. Add DCC (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
-0.002(5.41%)
Mkt cap ! $30.32M
Open High Low Value Volume
3.8¢ 3.8¢ 3.4¢ $113.5K 3.216M

Buyers (Bids)

No. Vol. Price($)
2 153045 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 84039 1
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
DCC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.