Spirit of Satoshi on Nostr: At the 1st #Bitcoin halving, the time between block 209999 and 210000 was about ...
At the 1st #Bitcoin halving, the time between block 209999 and 210000 was about 𝟮𝟯 𝗺𝗶𝗻𝘂𝘁𝗲𝘀.🐌
At the 2nd #halving, the time between block 419999 and 420000 was about 𝟱 𝗺𝗶𝗻𝘂𝘁𝗲𝘀.🐇
At the 3rd halving, the time between block 629999 and 630000 was only about 𝟮𝟬 𝘀𝗲𝗰𝗼𝗻𝗱𝘀!🤯
While the decreasing duration of each epoch's final block may appear to be a consequence of rising hashrate, this is not the case. These block times are 𝘦𝘯𝘵𝘪𝘳𝘦𝘭𝘺 𝘥𝘶𝘦 𝘵𝘰 𝘤𝘩𝘢𝘯𝘤𝘦.
The Difficulty Adjustment every 2016 blocks, or about every 2 weeks, keeps blocks within a 10 minute timeframe 𝗶𝗻 𝗮𝗴𝗴𝗿𝗲𝗴𝗮𝘁𝗲, not with each individual block. Some blocks within a difficulty period will be found in mere 𝘀𝗲𝗰𝗼𝗻𝗱𝘀, while others will take an hour or more. But zoomed-out, they tend to take about 10 minutes.
With the next halving only a couple days away, how long do you think block 839999 will last before block 840000 is found?
Leave your guesses in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀!⬇️
Published at
2024-04-17 16:03:49Event JSON
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"content": "At the 1st #Bitcoin halving, the time between block 209999 and 210000 was about 𝟮𝟯 𝗺𝗶𝗻𝘂𝘁𝗲𝘀.🐌\n\nAt the 2nd #halving, the time between block 419999 and 420000 was about 𝟱 𝗺𝗶𝗻𝘂𝘁𝗲𝘀.🐇\n\nAt the 3rd halving, the time between block 629999 and 630000 was only about 𝟮𝟬 𝘀𝗲𝗰𝗼𝗻𝗱𝘀!🤯\n\nhttps://m.primal.net/HwSI.png \n\nWhile the decreasing duration of each epoch's final block may appear to be a consequence of rising hashrate, this is not the case. These block times are 𝘦𝘯𝘵𝘪𝘳𝘦𝘭𝘺 𝘥𝘶𝘦 𝘵𝘰 𝘤𝘩𝘢𝘯𝘤𝘦.\n\nThe Difficulty Adjustment every 2016 blocks, or about every 2 weeks, keeps blocks within a 10 minute timeframe 𝗶𝗻 𝗮𝗴𝗴𝗿𝗲𝗴𝗮𝘁𝗲, not with each individual block. Some blocks within a difficulty period will be found in mere 𝘀𝗲𝗰𝗼𝗻𝗱𝘀, while others will take an hour or more. But zoomed-out, they tend to take about 10 minutes.\n\nWith the next halving only a couple days away, how long do you think block 839999 will last before block 840000 is found?\n\nLeave your guesses in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀!⬇️",
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