TEACH ME BITCOIN, SON. on Nostr: Dad: Son, what is an "Epoch" in Bitcoin? Son: Hi Dad, With a "Bitcoin epoch" people ...
Dad: Son, what is an "Epoch" in Bitcoin?
Son: Hi Dad,
With a "Bitcoin epoch" people usually mean a period of roughly 4 years (210,000 blocks and about 10 minutes between them) with a specific mining reward.
The first epoch started with the genesis block in 2009, and a block reward of 50 bitcoin.
From May 2020 until some time in 2024, we're in the 4th mining epoch, and the block reward is at 6.25 bitcoin per block.
Dad: I see a bitcoin supply squeeze coming.
Son: Dad, me too.
Published at
2023-02-21 14:05:29Event JSON
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"content": "https://www.teach-me-bitcoin-son.com/media//generated/what-is-an-epoch-in-bitcoin.png\n\nDad: Son, what is an \"Epoch\" in Bitcoin?\nSon: Hi Dad,\nWith a \"Bitcoin epoch\" people usually mean a period of roughly 4 years (210,000 blocks and about 10 minutes between them) with a specific mining reward.\nThe first epoch started with the genesis block in 2009, and a block reward of 50 bitcoin.\nFrom May 2020 until some time in 2024, we're in the 4th mining epoch, and the block reward is at 6.25 bitcoin per block.\nDad: I see a bitcoin supply squeeze coming.\nSon: Dad, me too.\n",
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