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Topic: Bitcoin you should know,actually will finished in 2023 (Read 133 times)

jr. member
Activity: 106
Merit: 6
no body care about this... Huh Huh
jr. member
Activity: 106
Merit: 6
Bitcoin basic knowledge:
1 : The new block conning each 10 minutes. Actually, the current data is around 9 minutes. It depends on the calculation speed.
2: For each 210,000 blocks, mining incentives will be halved. Each block will be awarded 50 BTC initially, 25 BTC after 210,000, 12.5 BTC after 420,000, and so on.
3: The origin of the total amount of 21 million is due to half of the rewards for each 210,000 units. After the final reward of each block is 0.00000001, all the coins are dug.

you want mining till to 2140? No! Based on the basic knowledge, we can see 93% will be left in 2023.after 2034,only 1% can be mining. Don't be misled by theoretical knowledge. Thank you all and hope can help everyone!


block      Award               Award total               Reward half time     speed(min)  ratio   total
0                   -                         0                    2009/1/9                       -           -           -
210000        50.00000000       10500000         2012/11/28            9.73       50.00%   50.00%
420000        25.00000000       15750000         2016/7/9                9.04       25.00%   75.00%
630000        12.50000000       18375000         2020/2/18              9.04       12.50%   87.50%
840000        6.25000000       19687500           2023/9/29              9.04       6.25%   93.75%
1050000      3.12500000       20343750           2027/5/10              9.04       3.13%   96.88%
1260000      1.56250000       20671875           2030/12/19            9.04       1.56%   98.44%
1470000      0.78125000       20835937.5        2034/7/30              9.04       0.78%   99.22%
1680000      0.39062500       20917968.75      2038/3/10              9.04       0.39%   99.61%
1890000      0.19531250       20958984.38      2041/10/19            9.04       0.20%   99.80%
2100000      0.09765625       20979492.19      2045/5/30              9.04       0.10%   99.90%
2310000      0.04882813       20989746.09      2049/1/8                9.04       0.05%   99.95%
2520000      0.02441406       20994873.05      2052/8/19              9.04       0.02%   99.98%
2730000      0.01220703       20997436.52      2056/3/30              9.04       0.01%   99.99%
2940000      0.00610352       20998718.26      2059/11/9              9.04       0.01%   99.99%
3150000      0.00305176       20999359.13      2063/6/20              9.04       0.00%   100.00%
3360000      0.00152588       20999679.57      2067/1/29              9.04       0.00%   100.00%
3570000      0.00076294       20999839.78      2070/9/9                9.04       0.00%   100.00%
3780000      0.00038147       20999919.89      2074/4/20              9.04       0.00%   100.00%
3990000      0.00019073       20999959.95      2077/11/29            9.04       0.00%   100.00%
4200000      0.00009537       20999979.97      2081/7/10              9.04       0.00%   100.00%
4410000      0.00004768       20999989.99      2085/2/18              9.04       0.00%   100.00%
4620000      0.00002384       20999994.99      2088/9/29              9.04       0.00%   100.00%
4830000      0.00001192       20999997.5        2092/5/10              9.04       0.00%   100.00%
5040000      0.00000596       20999998.75      2095/12/20            9.04       0.00%   100.00%
5250000      0.00000298       20999999.37      2099/7/31              9.04       0.00%   100.00%
5460000      0.00000149       20999999.69      2103/3/12              9.04       0.00%   100.00%
5670000      0.00000075       20999999.84      2106/10/21            9.04       0.00%   100.00%
5880000      0.00000037       20999999.92      2110/6/1                9.04       0.00%   100.00%
6090000      0.00000019       20999999.96      2114/1/10              9.04       0.00%   100.00%
6300000      0.00000009       20999999.98      2117/8/21              9.04       0.00%   100.00%
6510000      0.00000005       20999999.99      2121/4/1                9.04       0.00%   100.00%
6720000      0.00000002       21000000           2124/11/10            9.04       0.00%   100.00%
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