Bitcoin’s Big Birthday Bash: 900,000 Blocks and Counting! 🎉🤖

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Bitcoin‘s Big Birthday Bash: 900,000 Blocks and Counting! 🎉🤖

Oh, what a jolly ruckus! On June 6, the mighty 900,000th block of Bitcoin was scooped out of the digital mine like a giant, glistening potato. 🎩💥 This little gem is worth a cool $104,274—because, of course, digital coins just grow on reddening trees, don’t they? 🌳💸

Bitcoin celebrating a milestone

With a tiny jiggle of 1.0% in the last 24 hours and a market cap that’s waddling around at a staggering $2.07 trillion, Bitcoin is still the loudest donkey in the digital barnyard. 🐴💰 The market volume? A hefty $45.92 billion! Yep, that’s lots of zeros and lots of shouting. 🗣️💵

Bitcoin Halving Slashes Mining Rewards — Because Why Not?

You see, Bitcoin has been growing faster than a wizard’s beard. It took just two years for the chain to fatten by another 100,000 blocks! Fans all around are staring in wonder as the big One Million mark looms closer—expected in May 2027. And let’s not forget: only 21 million Bitcoins can ever exist, like a magical limited-edition candy tin. 🍬✨

Happy block height 900,000!

— Jameson Lopp (@lopp) June 6, 2025

In the dawn of Bitcoin days, miners received 50 shiny coins for each block—like finding a gold coin in your cereal box. But the clever code, spun by Satoshi Nakamoto, decided to cut that reward in half every four years, just to keep everyone guessing. The latest halving? Happened on April 20, 2024—nice date, right? 🎂🚀

The next halving is predicted to occur in March 2028, at a whizzy block height of 1,050,000. By then, miners will have earned so much Bitcoin, they’ll be sporting virtual sunglasses and singing, “No more coins for me!” because the reward will have dwindled to nothing, nada, zip! Zero! As the clock ticks towards 2140, the grand finale, miners will just have to survive on transaction tips—like a digital tip jar. 💸🕰️

Mining Profits Play Peekaboo in May

Meanwhile, some clever money wizards at JPMorgan found that May was a golden month for Bitcoin miners. Their market cap shot up by 20%, and the mining hustle got a shiny boost. The network’s computational power, or ‘hashrate,’ climbed by 25 exahashes per second—faster than a rabbit on caffeine! 🐇☕ Miners? They raked in roughly $51,600 per EH/s a day. Not too shabby for a bunch of folks pushing buttons in their pajamas. 💻🛌

Hashrate, for those fancy mathematicians and sheep herders, is basically how powerful all the miner computers are combined—sort of like a giant, digital dragon breathing fire onto transaction puzzles. And let’s face it, in this game, the bigger the dragon, the tougher to win! 🐉🔥

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2025-06-06 20:08