(L)Earn Bitcoin on Nostr: You know what? I like the beauty of bitcoins summation equation. It's simple. It's ...
You know what? I like the beauty of bitcoins summation equation. It's simple. It's beautiful. It's powerful. You have to love it!
Though it may look complex it just means that you add-up
210000 blocks with a reward of 50 BTC for the first epoch with
210000 blocks with a reward of 25 BTC
For the second epoch with
210000 blocks with a reward of 12.5 BTC for the second epoch with
210000 blocks with a reward of 6.25 BTC for the fourth epoch with
210000 blocks with a reward of 3.125 BTC and so on until epoch 32.
After each epoch the "i" is incremented, which leads to a higher divider for the initial block reward of 50. The increase of "i"over 2 practically halves the block reward every four years.
See? It is not that hard to understand.
That's the reason some hours ago the halvening took place and now the block reward is 3.125 BTC.
Don't forget to stay humble, play games and stack sats!
#happyhalvening #halvening #plebchain
Published at
2024-04-20 08:52:14Event JSON
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"pubkey": "908d47b6843d136080c71b69a54e7da44b89ef81ac4923dd8759027da2bf38ad",
"created_at": 1713603134,
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"content": "https://image.nostr.build/98a8903a42e6f838948ead815b0d5c80244e22866a6d5c36575593b898e7a4b3.jpg \nYou know what? I like the beauty of bitcoins summation equation. It's simple. It's beautiful. It's powerful. You have to love it!\nThough it may look complex it just means that you add-up \n210000 blocks with a reward of 50 BTC for the first epoch with \n210000 blocks with a reward of 25 BTC\nFor the second epoch with\n210000 blocks with a reward of 12.5 BTC for the second epoch with \n210000 blocks with a reward of 6.25 BTC for the fourth epoch with\n210000 blocks with a reward of 3.125 BTC and so on until epoch 32. \n\nAfter each epoch the \"i\" is incremented, which leads to a higher divider for the initial block reward of 50. The increase of \"i\"over 2 practically halves the block reward every four years.\nSee? It is not that hard to understand.\nThat's the reason some hours ago the halvening took place and now the block reward is 3.125 BTC.\n\nDon't forget to stay humble, play games and stack sats!\n#happyhalvening #halvening #plebchain ",
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