Transaction

9adff69fcb4d2bb28e7731780cdb94fa06b008b55b9f7cb6c4d086b330c8362f
Timestamp (utc)
2024-03-22 12:51:13
Fee Paid
0.00000021 BSV
(
0.00681136 BSV
-
0.00681115 BSV
)
Fee Rate
10.07 sat/KB
Version
1
Confirmations
94,234
Size Stats
2,085 B

2 Outputs

Total Output:
0.00681115 BSV
  • j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM(<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=325.msg2736#msg2736">Quote from: InterArmaEnimSil on July 14, 2010, 03:31:23 AM</a></div><div class="quote">My key point, or key question....Do those with faster computers have an advantage, or do they not?&nbsp; In the general forums people claim that the "luck" factor makes up for this...but statistics beg to differ.&nbsp; Granted, and I do agree, the point is trading, not generation, but essentially with generation we're handing out free (though inflating) money.&nbsp; I would like to think that the process is equitable and not based upon one's ability to afford, in USD, a beast of a machine.&nbsp; This would loosely tie the initial distribution of BTC to the present distribution of USD of those willing to contribute...and seems to undermine the currency philosophically, apart from being unfair.<br/><br/>Thanks for all the hearty discussion on the matter, everyone.<br/></div><br/>Yes, they do. If the old PC can only generate 1 block in 48 hours and the super fast modern PC can generate 1 block in 12 hours, then statistically, the old PC is 4 times as slow as the modern PC during coin generation. The difference is the luck factor. It's possible that the old PC will find a crypto solution by pure luck in less time. So it's possible that the old PC finds one in 2 hours while the super fast PC has to burn through the entire brute force before finding a block in 12 hours. So the advantage is the odds. Simplified of course, but yes, the faster PC gives you a 1 in 12 chance to get the solution and the old PC gives you a 1 in 48 chance (again, way over simplified example)<br/><br/>So the faster PC is like having a few extra lottery tickets&nbsp; <img alt="Wink" border="0" src="/static/img/emoticons/wink.gif"/></div> text/html
    https://whatsonchain.com/tx/9adff69fcb4d2bb28e7731780cdb94fa06b008b55b9f7cb6c4d086b330c8362f