Beware of robber banks (RB), bad advisors.
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Bitcoin is surging towards a serious mining problem -- and no one knows what will happen
Business Insider UK spoke with University of Cambridge Research Fellow Garrick Hileman about cryptocurrency mining and the potential problems that it could bring in the future. He explains that the amount of Bitcoin rewarded for mining is halved every four years which means that it will be less profitable. Read the full transcript below. Garrick Hileman: So as we look into the future and the reward of new Bitcoins is reduced from the current 12.5 to about 6.25 new Bitcoins every ten minutes which will occur in around July 2020. Every four years that reward gets cut in half. Eventually you get to the point where the ... (full story)
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