Topic: every 4 years halving - page 2. (Read 2090 times)
You don't know if the value goes up after all those years
The wikis are pretty vague. I bet you can't even quote the proper answer directly.
1st 4 years = 50 coins
2nd = 25
3rd = 12.5
4= 6.25
5= 3.12.5
6= 1.55
7= 0.775
8= 0.3875
9= 0.19375
10= 0.096875
11=0.0484375
12=0.0484375
13=0.012109375
14=0.012109375
15=0.0060546875
16=0.00302734375
17=0.001513671875
18=0.0007568359375
19=0.0007568359375
20=0.000189208984375
SO BASICALLY AFTER 24 YEARS, we won't even be mining 1 bitcoin per block, does anybody else find this ridiculous. I mean if 1 bitcoin still amounted to $4.7 by then and then it takes X amount of time to mine a block using X amount of energy, will it still be profitable to mine bitcoins?
2nd = 25
3rd = 12.5
4= 6.25
5= 3.12.5
6= 1.55
7= 0.775
8= 0.3875
9= 0.19375
10= 0.096875
11=0.0484375
12=0.0484375
13=0.012109375
14=0.012109375
15=0.0060546875
16=0.00302734375
17=0.001513671875
18=0.0007568359375
19=0.0007568359375
20=0.000189208984375
SO BASICALLY AFTER 24 YEARS, we won't even be mining 1 bitcoin per block, does anybody else find this ridiculous. I mean if 1 bitcoin still amounted to $4.7 by then and then it takes X amount of time to mine a block using X amount of energy, will it still be profitable to mine bitcoins?
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