can some one explain to me how to understand block time pelase

DannyHamilton

legendary

Activity: 3472

Merit: 4794

Quote from: mikestro on January 12, 2014, 01:48:47 PM

Yes but lets say 60 seconds block 1440 maximum is
The number for total miners that abale to get 1440
Or only per machine ?
Can i generate 1440 is the maximum on one machine and
Generate the same ammount
On other? Or its maximum of blocks per
All users that mining that coin per day? So every 60 seconds only one person get reward from block?

Please read this:
http://bitcoin.org/bitcoin.pdf

Then come back and ask any additional questions that you might have.

mikestro

newbie

Activity: 44

Merit: 0

Yes but lets say 60 seconds block 1440 maximum is
The number for total miners that abale to get 1440
Or only per machine ?
Can i generate 1440 is the maximum on one machine and
Generate the same ammount
On other? Or its maximum of blocks per
All users that mining that coin per day? So every 60 seconds only one person get reward from block?

nerobie

newbie

Activity: 14

Merit: 0

i can mine maximum of 50 X 1440 (minutes in day) what's your idea ?

BlockChainLottery

sr. member

Activity: 332

Merit: 250

AwesomeDice.net

If the coin has a block time of 60 seconds, then you can mine 1440 blocks a day.

mikestro

newbie

Activity: 44

Merit: 0

maximum blocks per day 400
but i mined with couple pc's and got more than 400 is it
400 per machine?
block reward 50 coins
the maximum coins is 25m

BlockChainLottery

sr. member

Activity: 332

Merit: 250

AwesomeDice.net

Your question is a little bit vague.
Do you mean that every 60 seconds one block is generated with a reward of 50? The maximum of coins that ever can be in existence is 25 million? And what do you mean with a maximum of 400 per day?

mikestro

newbie

Activity: 44

Merit: 0

if for example i have coin that block time every 60 second it 50 coin per block and maximum of 400 per day maximum 25mil coins
so how its working how many coins the world can mine and if its 60 second for every 60 second only one person recive coins or what?
400 x 60 x 24?
so i can mine maximum of 50 X 1440(minutes in day)

so for this coin, in average how many rewarding blocks per day could the whole world mine when block every 60 second 50 coins per day 25 mil is maximum

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