Transaction

f01f957ae72300a0e15d28d07c09964a409c839893f2cc5abf3aed4f60bf04dc
Timestamp (utc)
2024-03-22 01:10:52
Fee Paid
0.00000024 BSV
(
0.00236185 BSV
-
0.00236161 BSV
)
Fee Rate
10.14 sat/KB
Version
1
Confirmations
97,217
Size Stats
2,366 B

2 Outputs

Total Output:
0.00236161 BSV
  • j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMA<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=57.msg392#msg392">Quote from: Suggester on February 18, 2010, 07:43:10 AM</a></div><div class="quote"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=57.msg391#msg391">Quote from: I-am-not-anonymous on February 18, 2010, 07:36:51 AM</a></div><div class="quote"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=57.msg390#msg390">Quote from: Suggester on February 18, 2010, 07:12:50 AM</a></div><div class="quote">Every four years, the average BTC generator will need to spend double the effort to create the same amount of coins. </div><br/>As I understood it people will not need to double their CPU power to get the same amount of coins, rather there'd be half as many coins "up for grabs" by anybody with enough CPU power.<br/><br/>In other words, let's say a Powerful CPU can pull in 500 coins a day and a weaker CPU can pull in 300 coins per day from a pool of 10,500,000.<br/><br/>After 4 years, they are still pulling in 500 coins and 300 coins respectively, but now they can only access a pool of 5,250,000.<br/><br/>I could be wrong though. &nbsp;Somebody who know what they're talking about please comment instead of me!<br/></div><br/>The plan is to halve the value of the block every four years. So if your PC is making 6 blocks/day now (i.e 300 BTC/day), in 4 years it could be also be making 6 blocks/day, but your balance will only increase by 150 because the block would equal 25 instead of 50 BTCs<br/></div><br/>I think I understand, thank you for correcting me.<br/><br/>Right now, Your average coin creation rate will be (6 * 50 coins / hour) * (your CPU speed / the total CPU speed in the system)<br/><br/>4 Years from now, Your average coin creation rate will be (6 * 25 coins / hour) * (your CPU speed / the total CPU speed in the system)<br/><br/>Because the amount of bitcoins per block <i>halves</i> every 4 years.<br/><br/>My question is, what happens if (your CPU Speed) and (The total CPU Speed in the System) <i>double </i> in 4 years?</div> text/html
    https://whatsonchain.com/tx/f01f957ae72300a0e15d28d07c09964a409c839893f2cc5abf3aed4f60bf04dc