If Bitcoin's hashrate keeps increasing at the same rate, by the year 2048 private key cracking will be more rewarding than mining. (reddit.com)

Bitcoin’s hash rate has been doubling once every 75 days in average. It varies a lot, though, but, assuming it keeps a similar pace, and assuming that guessing one private key has the same cost of a single hash, then, by the end of 2048, it will be more rewarding for miners to brute force private keys rather than mining. Year 2009 Block 0 Reward 50.0000 ~ btc/block Supply 0 ~ btc HashRate 2 ^ 16.14 ~ hash/s BlockReward 50 ~ btc/block CrackReward 0 ~ btc/block Year 2010 Block 52560 Reward 50…

Bitcoin

BTCCpro has blocked my withdraw in BTC, staff keeps lying (reddit.com)

BTCCpro has been lying to me for the past 72 hours about converting my yuan balance back to BTC. First they disabled transfers to the spot exchange without notifying customers last week. Then they had a page where you could email them to convert manually. But when I did they gave me the runaround, told me to get back to them. and just now they updated the page so there is no way to withdraw in bitcoin. Now they have kept money and theres no way to get it out without a Chinese bank account….

Bitcoin