Author: Thomas Zander 2014-10-25 20:43:22
Published on: 2014-10-25T20:43:22+00:00
Adam Back suggested an alternative to the current reward reduction system in Bitcoin mining. Instead of halving the reward every four years, he proposed a reduction of 1/100th per two-week period. However, some argue that the current system is convenient for miners who base equipment purchases on the four-year cycle. Additionally, dividing by two is seen as the cleanest way to reach zero after a specific number of divisions.
Updated on: 2023-06-09T03:30:56.085468+00:00