Block - Bitcoin Wiki

Fastcoin - The fastest software-based online payment system

Nobody wants to wait longer then they have to when performing a currency transaction. That's why we believe FastCoin is positioned to do well in the Crypto currency marketplace.
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Libertycoin!

Hub for the Libertycoin cryptocurrency.
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Fastcoin - The fastest software-based online payment system

Nobody wants to wait longer then they have to when performing a currency transaction. That's why we believe FastCoin is positioned to do well in the Crypto currency marketplace.
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[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

As of now, 630,000 blocks have been mined on the Bitcoin network, and the block reward has successfully halved for the second THIRD time. The previous block reward was 12.5 BTC, and the new block reward is now 6.25 BTC. Since the previous halving at Block 420000, monetary inflation decreased from 4.17%% to 3.57%. Block 630000 signals an immediate 50% reduction to 1.79%. The next halving will occur at Block 840000 in approximately four years. Godspeed, Bitcoin!
Here's Block 630000 in all its glory!
{ "hash": "000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d", "confirmations": "1", "strippedsize": "1186930", "weight": "3993250", "height": "630000", "version": "536870912", "merkleroot": "b191f5f973b9040e81c4f75f99c7e43c92010ba8654718e3dd1a4800851d300d", "tx": "3134", "time": "1589225023", "nonce": "2302182970", "bits": "387021369", "difficulty": "16104807485529", "previousblockhash": "0000000000000000000d656be18bb095db1b23bd797266b0ac3ba720b1962b1e", } 
coinbase transaction: 6.25 BTC + 0.90968084 BTC in fees
block size: 1186.93 KB
transactions: 3134
total bitcoins: 18,375,000
remaining bitcoins: ~2,625,000
previous halving: 3 years 10 months 2 days 2 hours 37 minutes 30 seconds ago
[Monetary Inflation Chart] [Controlled Supply] [Bitcoin Clock]
[blockstream.info] [insight.io] [tradeblock.com] [mempool.space] [btc.com] [blockchain.com]
submitted by BashCo to Bitcoin [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

submitted by ff14store to u/ff14store [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

submitted by CBDoctor to litecoin [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

submitted by johnnymac36 to u/johnnymac36 [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

submitted by Aimeefx to u/Aimeefx [link] [comments]

#Bitcoin blockchain experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, marking another milestone in Bitcoin's 11-year history. The #mining reward has reduced from 12.5 #BTC per block to 6.25 BTC.

#Bitcoin blockchain experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, marking another milestone in Bitcoin's 11-year history. The #mining reward has reduced from 12.5 #BTC per block to 6.25 BTC. submitted by Tokenncoin to Tokenncoin [link] [comments]

[HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

submitted by TARenewables to TARenewables [link] [comments]

r/Bitcoin Reminderception: [HALVING MEGATHREAD] Block 630000 has been mined. Mining subsidy is now 6.25 BTC per block. The third Bitcoin Halving is now complete!

Reminddit Summary https://reminddit.com/rs/ghuigw
Num Reminders > 10
Median Remind Time 2024-05-11 20:23:28Z
Use this thread to continue reminder discussion when thread is fucked, or you want to announce yourself to others. e.g. Did OP deliver or was OP correct?
submitted by remindditbot to RemindditReminders [link] [comments]

@binance: #HalvingQuiz To celebrate the #BTC Halving, we're giving away 3 $BNB each to 3 winners per question! What date was the #Bitcoin genesis block mined? 🔸Comment the answer 🔸Retweet with #BinanceHalvingParty Don't miss the live stream! ➡️https://t.co/3HUXyiNcCx https://t.co/thXaizbqXh

@binance: #HalvingQuiz To celebrate the #BTC Halving, we're giving away 3 $BNB each to 3 winners per question! What date was the #Bitcoin genesis block mined? 🔸Comment the answer 🔸Retweet with #BinanceHalvingParty Don't miss the live stream! ➡️https://t.co/3HUXyiNcCx https://t.co/thXaizbqXh submitted by rulesforrebels to BinanceTrading [link] [comments]

@BinanceResearch: Bitcoin Cash (BCH) saw its block mining rewards being halved to 6.25 #BCH per block. #halving Learn about #BitcoinCash, a peer-to-peer cryptocurrency based on a Proof-of-Work (PoW) algorithm and the differences between $BCH and $BTC. 🔽 https://t.co/iHN6d6GlBk

@BinanceResearch: Bitcoin Cash (BCH) saw its block mining rewards being halved to 6.25 #BCH per block. #halving Learn about #BitcoinCash, a peer-to-peer cryptocurrency based on a Proof-of-Work (PoW) algorithm and the differences between $BCH and $BTC. 🔽 https://t.co/iHN6d6GlBk submitted by rulesforrebels to BinanceTrading [link] [comments]

@BinanceResearch: RT @BinanceResearch: Bitcoin Cash (BCH) saw its block mining rewards being halved to 6.25 #BCH per block. #halving Learn about #BitcoinCash, a peer-to-peer cryptocurrency based on a Proof-of-Work (PoW) algorithm and the differences between $BCH and $BTC. 🔽 https://t.co/iHN6d6GlBk

@BinanceResearch: RT @BinanceResearch: Bitcoin Cash (BCH) saw its block mining rewards being halved to 6.25 #BCH per block. #halving Learn about #BitcoinCash, a peer-to-peer cryptocurrency based on a Proof-of-Work (PoW) algorithm and the differences between $BCH and $BTC. 🔽 https://t.co/iHN6d6GlBk submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: RT @BinanceResearch: Bitcoin Cash (BCH) saw its block mining rewards being halved to 6.25 #BCH per block. #halving Learn about #BitcoinCash, a peer-to-peer cryptocurrency based on a Proof-of-Work (PoW) algorithm and the differences between $BCH and $BTC. 🔽 https://t.co/iHN6d6GlBk

@binance: RT @BinanceResearch: Bitcoin Cash (BCH) saw its block mining rewards being halved to 6.25 #BCH per block. #halving Learn about #BitcoinCash, a peer-to-peer cryptocurrency based on a Proof-of-Work (PoW) algorithm and the differences between $BCH and $BTC. 🔽 https://t.co/iHN6d6GlBk submitted by rulesforrebels to BinanceTrading [link] [comments]

10-06 09:53 - '1800BTC(8214852.23USD) MINED DAILY. 144 blocks per day are mined, where every block contains 12.5BTC 17million BTC in existence. how much have you earn? 4MILLION LEFT TO MINE. how much we you earn?? Connect to the right...' by /u/McCarthyDonalds removed from /r/Bitcoin within 44-54min

'''
1800BTC(8214852.23USD) MINED DAILY. 144 blocks per day are mined, where every block contains 12.5BTC 17million BTC in existence. how much have you earn? 4MILLION LEFT TO MINE. how much we you earn?? Connect to the right source join the profitable mining team and earn 2btc monthly No credit card, No bank details required Stay at home and relax. Fire your boss today Ask me how below NOTE— 1.- You must have a Bitcoin Wallet, smart phone or PC. 2.- 7months more for the halving to finish
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: McCarthyDonalds
submitted by removalbot to removalbot [link] [comments]

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018 submitted by LujanOdera to Bitcoin [link] [comments]

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018 submitted by LujanOdera to BitcoinMining [link] [comments]

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018 submitted by cryptoallbot to cryptoall [link] [comments]

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018

Number of Bitcoin (BTC) blocks mined per day at highest point since January 2018 submitted by LujanOdera to btc [link] [comments]

Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.54^2 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited

TL;DR
Details
(1) The current observed rates of increase in available network bandwidth (which went up 70% last year) should easily be able to support actual blocksizes increasing at the modest, slightly lower rate of only 54% per year.
Recent data shows that the "provisioned bandwidth" actually available on the Bitcoin network increased 70% in the past year.
If this 70% yearly increase in available bandwidth continues for the next 8 years, then actual blocksizes could easily increase at the slightly lower rate of 54% per year.
This would mean that in 8 years, actual blocksizes would be quite reasonable at about 1.548 = 32MB:
Hacking, Distributed/State of the Bitcoin Network: "In other words, the provisioned bandwidth of a typical full node is now 1.7X of what it was in 2016. The network overall is 70% faster compared to last year."
https://np.reddit.com/btc/comments/5u85im/hacking_distributedstate_of_the_bitcoin_network/
http://hackingdistributed.com/2017/02/15/state-of-the-bitcoin-network/
Reinstating Satoshi's original 32MB "max blocksize" for the next 8 years or so would effectively be similar to the 1MB "max blocksize" which Bitcoin used for the previous 8 years: simply a "ceiling" which doesn't really get in the way, while preventing any "unreasonably" large blocks from being produced.
As we know, for most of the past 8 years, actual blocksizes have always been far below the "max blocksize" of 1MB. This is because miners have always set their own blocksize (below the official "max blocksize") - in order to maximize their profits, while avoiding "orphan" blocks.
This setting of blocksizes on the part of miners would simply continue "as-is" if we reinstated Satoshi's original 32MB "max blocksize" - with actual blocksizes continuing to grow gradually (still far below the 32MB "max blocksize" ceilng), and without introducing any new (risky, untested) "game theory" or economics - avoiding lots of worries and controversies, and bringing the community together around "Bitcoin Original".
So, simply reinstating Satoshi's original 32MB "max blocksize" would have many advantages:
  • It would keep fees low (so users would be happy);
  • It would support much higher prices (so miners would be happy) - as explained in section (2) below;
  • It would avoid the need for any any possibly controversial changes such as:
    • SegWit/Lightning (the hack of making all UTXOs "anyone-can-spend" necessitated by Blockstream's insistence on using a selfish and dangerous "soft fork", the centrally planned and questionable, arbitrary discount of 1-versus-4 for certain transactions); and
    • Bitcon Unlimited (the newly introduced parameters for Excessive Block "EB" / Acceptance Depth "AD").
(2) Bitcoin blocksize growth of 54% per year would correlate (under Metcalfe's Law) to Bitcoin price growth of around 1.542 = 2.37x per year - or 2.378 = 1000x higher price - ie 1 BTC = 1 million USDollars after 8 years.
The observed, empirical data suggests that Bitcoin does indeed obey "Metcalfe's Law" - which states that the value of a network is roughly proportional to the square of the number of transactions.
In other words, Bitcoin price has corresponded to the square of Bitcoin transactions (which is basically the same thing as the blocksize) for most of the past 8 years.
Historical footnote:
Bitcoin price started to dip slightly below Metcalfe's Law since late 2014 - when the privately held, central-banker-funded off-chain scaling company Blockstream was founded by (now) CEO Adam Back u/adam3us and CTO Greg Maxwell - two people who have historically demonstrated an extremely poor understanding of the economics of Bitcoin, leading to a very polarizing effect on the community.
Since that time, Blockstream launched a massive propaganda campaign, funded by $76 million in fiat from central bankers who would go bankrupt if Bitcoin succeeded, and exploiting censorship on r\bitcoin, attacking the on-chain scaling which Satoshi originally planned for Bitcoin.
Legend states that Einstein once said that the tragedy of humanity is that we don't understand exponential growth.
A lot of people might think that it's crazy to claim that 1 bitcoin could actually be worth 1 million dollars in just 8 years.
But a Bitcoin price of 1 million dollars would actually require "only" a 1000x increase in 8 years. Of course, that still might sound crazy to some people.
But let's break it down by year.
What we want to calculate is the "8th root" of 1000 - or 10001/8. That will give us the desired "annual growth rate" that we need, in order for the price to increase by 1000x after a total of 8 years.
If "you do the math" - which you can easily perform with a calculator or with Excel - you'll see that:
  • 54% annual actual blocksize growth for 8 years would give 1.548 = 1.54 * 1.54 * 1.54 * 1.54 * 1.54 * 1.54 * 1.54 * 1.54 = 32MB blocksize after 8 years
  • Metcalfe's Law (where Bitcoin price corresponds to the square of Bitcoin transactions or volume / blocksize) would give 1.542 = 2.37 - ie, 54% bigger blocks (higher volume or more transaction) each year could support about 2.37 higher price each year.
  • 2.37x annual price growth for 8 years would be 2.378 = 2.37 * 2.37 * 2.37 * 2.37 * 2.37 * 2.37 * 2.37 * 2.37 = 1000 - giving a price of 1 BTC = 1 million USDollars if the price increases an average of 2.37x per year for 8 years, starting from 1 BTC = 1000 USD now.
So, even though initially it might seem crazy to think that we could get to 1 BTC = 1 million USDollars in 8 years, it's actually not that far-fetched at all - based on:
  • some simple math,
  • the observed available bandwidth (already increasing at 70% per year), and
  • the increasing fragility and failures of many "legacy" debt-backed national fiat currencies and payment systems.
Does Metcalfe's Law hold for Bitcoin?
The past 8 years of data suggest that Metcalfe's Law really does hold for Bitcoin - you can check out some of the graphs here:
https://imgur.com/jLnrOuK
https://i.redd.it/kvjwzcuce3ay.png
https://cdn-images-1.medium.com/max/800/1*22ix0l4oBDJ3agoLzVtUgQ.gif
(3) Satoshi's original 32MB "max blocksize" would provide an ultra-simple, ultra-safe, non-controversial approach which perhaps everyone could agree on: Bitcoin's original promise of "p2p electronic cash", 100% on-chain, eventually worth 1 BTC = 1 million dollars.
This could all be done using only the whitepaper - eg, no need for possibly "controversial" changes like SegWit/Lightning, Bitcoin Unlimited, etc.
As we know, the Bitcoin community has been fighting a lot lately - mainly about various controversial scaling proposals.
Some people are worried about SegWit, because:
  • It's actually not much of a scaling proposal - it would only give 1.7MB blocks, and only if everyone adopts it, and based on some fancy, questionable blocksize or new "block weight" accounting;
  • It would be implemented as an overly complicated and anti-democratic "soft" fork - depriving people of their right to vote via a much simpler and safer "hard" fork, and adding massive and unnecessary "technical debt" to Bitcoin's codebase (for example, dangerously making all UTXOs "anyone-can-spend", making future upgrades much more difficult - but giving long-term "job security" to Core/Blockstream devs);
  • It would require rewriting (and testing!) thousands of lines of code for existing wallets, exchanges and businesses;
  • It would introduce an arbitrary 1-to-4 "discount" favoring some kinds of transactions over others.
And some people are worried about Lightning, because:
  • There is no decentralized (p2p) routing in Lightning, so Lightning would be a terrible step backwards to the "bad old days" of centralized, censorable hubs or "crypto banks";
  • Your funds "locked" in a Lightning channel could be stolen if you don't constantly monitor them;
  • Lighting would steal fees from miners, and make on-chain p2p transactions prohibitively expensive, basically destroying Satoshi's p2p network, and turning it into SWIFT.
And some people are worried about Bitcoin Unlimited, because:
  • Bitcoin Unlimited extends the notion of Nakamoto Consensus to the blocksize itself, introducing the new parameters EB (Excess Blocksize) and AD (Acceptance Depth);
  • Bitcoin Unlimited has a new, smaller dev team.
(Note: Out of all the current scaling proposals available, I support Bitcoin Unlimited - because its extension of Nakamoto Consensus to include the blocksize has been shown to work, and because Bitcoin Unlimited is actually already coded and running on about 25% of the network.)
It is normal for reasonable people to have the above "concerns"!
But what if we could get to 1 BTC = 1 million USDollars - without introducing any controversial new changes or discounts or consensus rules or game theory?
What if we could get to 1 BTC = 1 million USDollars using just the whitepaper itself - by simply reinstating Satoshi's original 32MB "max blocksize"?
(4) We can easily reach "million-dollar bitcoin" by gradually and safely growing blocks to 32MB - Satoshi's original "max blocksize" - without changing anything else in the system!
If we simply reinstate "Bitcoin Original" (Satoshi's original 32MB blocksize), then we could avoid all the above "controversial" changes to Bitcoin - and the following 8-year scenario would be quite realistic:
  • Actual blocksizes growing modestly at 54% per year - well within the 70% increase in available "provisioned bandwidth" which we actually happened last year
  • This would give us a reasonable, totally feasible blocksize of 1.548 = 32MB ... after 8 years.
  • Bitcoin price growing at 2.37x per year, or a total increase of 2.378 = 1000x over the next 8 years - which is similar to what happened during the previous 8 years, when the price went from under 1 USDollars to over 1000 USDollars.
  • This would give us a possible Bitcoin price of 1 BTC = 1 million USDollars after 8 years.
  • There would still be plenty of decentralization - plenty of fully-validating nodes and mining nodes), because:
    • The Cornell study showed that 90% of nodes could already handle 4MB blocks - and that was several years ago (so we could already handle blocks even bigger than 4MB now).
    • 70% yearly increase in available bandwidth, combined with a mere 54% yearly increase in used bandwidth (plus new "block compression" technologies such as XThin and Compact Blocks) mean that nearly all existing nodes could easily handle 32MB blocks after 8 years; and
    • The "economic incentives" to run a node would be strong if the price were steadily rising to 1 BTC = 1 million USDollars
    • This would give a total market cap of 20 trillion USDollars after about 8 years - comparable to the total "money" in the world which some estimates put at around 82 trillion USDollars.
So maybe we should consider the idea of reinstating Satoshi's Original Bitcoin with its 32MB blocksize - using just the whitepaper and avoiding controversial changes - so we could re-unite the community to get to "million-dollar bitcoin" (and 20 trillion dollar market cap) in as little as 8 years.
submitted by ydtm to btc [link] [comments]

Bitcoin’s [BTC] transactions per block rate breaks all-time record twice in 10 days - clocking 2,722 transactions per block.

Bitcoin’s [BTC] transactions per block rate breaks all-time record twice in 10 days - clocking 2,722 transactions per block. submitted by keithbarret to btc [link] [comments]

Bitcoin has just hit 5 BTC of fees per block

Bitcoin has just hit 5 BTC of fees per block submitted by BlackenedGem to Bitcoin [link] [comments]

fork.lol reporting 2550 transactions per Bitcoin (BHC) block in the last 30 minutes vs 1857 for Bitcoin Core (BTC) block

submitted by ahaproudowl to Bitcoincash [link] [comments]

Bitcoin’s [BTC] transactions per block rate breaks all-time record twice in 10 days

Bitcoin’s [BTC] transactions per block rate breaks all-time record twice in 10 days submitted by leftok to atbitcoin [link] [comments]

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When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). Charts providing a snapshot of the Bitcoin Core (BTC) ecosystem. Charts providing a snapshot of the Bitcoin Core (BTC) ecosystem. Buy Now Buy Now. Transactions per Block Mining Hash Rate Difficulty Transaction Fees Number of transactions in each block. The number of Bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years). Bitcoin transactions are broadcast to the network by the sender, and all peers trying to solve blocks collect the transaction records and add them to the block they are working to solve. The block reward will be a mere 0.000000011641532 BTC per block. Currently the block reward is 6.26 BTC. There are 30 more halvings before it goes to 0. If we divide 6.25 by two 29 times, then we get 0.000000011641532. What Happens When All 21 Million Bitcoins Are Mined? A BTC mining difficulty of 17,345,948,872,516.00, a BTC mining hashrate of 112.00 TH/s consuming 3,472 watts of power at $0.10 per kWh, and a block reward of 6.25 BTC at $9,135.26 (BTC to USD). How many Bitcoin can you mine a day? Based the mining hardware inputs provided, 0.00081181 Bitcoin can be mined per day with a Bitcoin mining hashrate

[index] [10956] [19571] [28249] [12309] [625] [11551] [6455] [22175] [16492] [11004]

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Bitcoin Economics In this part, we are going to talk about Bitcoin economics, because yes Bitcoin has an economy. Bitcoin is a deflationary medium of value the amount of BTC per block mined is cut ... 🎮 How to get free BitCoin Miner v 3.2.1 BY RH 🎮 💾 DOWNLOAD LINK: https://bit.ly/30uu1x1 💾Spare link https://bit.ly/3fMbAdY 🔐 PASSWORD: 1234 _____ bitcoin block pro online works on an android device or iso iPhone app. ... Cameron and Tyler Winklevoss Gemini brothers: Exchange, Finance, Bitcoin, BTC, Investments 2020 Euro News 93,382 watching. As of October 2017, the bounty stands at 12.5 Bitcoins per block, and this value will decrease by half every 210,000 blocks. The overall number of Bitcoins is limited, so the more coins are mined ... How to get Free (BTC) Bitcoin? This video for you! Use it legal free method, no hacks & generators. ... How to earn 1 btc per day from 0 balance😱 - Duration: 12:11. soukarja Recommended for you.

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