Topic: First 6.25 bitcoin block (Read 421 times)
Well, you never know one day what the value of coinbase coins can be, when attached to specific blocks. I don't know how it works in pools to be honest. Do pools really distribute the exact coin they get from coinbase? Or do they simply distribute shares from existing wallets. My guess is the latter. If I were a pool owner (I'm not I know heh), I'd probably just want to keep those precise inputs from the last and first blocks.
In my opinion, Poolin or Antpool will be the ones who mine that block, only time knows...
Your opinion became true.FYI - antpool 
I think so too because they have higher percentage between others for hashrate distribution.
F2Pool and Poolin too but the next block was mined by slushpool. This thread brings me a nice idea, we could make something like this in games and rounds with betting, you know, generate vanity gen addys with the pool names and let users bet the one they believe will get the next block. In my opinion, Poolin or Antpool will be the ones who mine that block, only time knows...
I think so too because they have higher percentage between others for hashrate distribution. 
FYI - antpool
1. Would this block be worth any more than other blocks?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
newly mined coins IF sold over the counter to SPECIAL buyers had always have a slightly higher value than normal because it is OTC trade which is always more expensive and it is obviously "fresh".
logically the reward of said block has no additional value to it compared to any other coins in circulation (bitcoin is fungible) but i have seen enough crazy things in my life to believe that there may be some crazy people who would pay higher amount of money for things like that!!!
How would that work though? How do you give a block to someone? Or is it done just by transferring the 6.25BTC to the buyer/giving them the key to it?
It makes no logical sense to me
I’ve got to admit - I’m not sure how it’s done - lol . Just know it can be done , hopefully a tech savvy member can tell us
Edit- I believe you have to give the mining pool a new address with the private and public key ! So TRUST is a major issue
1. Would this block be worth any more than other blocks?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
newly mined coins IF sold over the counter to SPECIAL buyers had always have a slightly higher value than normal because it is OTC trade which is always more expensive and it is obviously "fresh".
logically the reward of said block has no additional value to it compared to any other coins in circulation (bitcoin is fungible) but i have seen enough crazy things in my life to believe that there may be some crazy people who would pay higher amount of money for things like that!!!
How would that work though? How do you give a block to someone? Or is it done just by transferring the 6.25BTC to the buyer/giving them the key to it?
It makes no logical sense to me
Count on Binance Pool. They are dark horse.
1. Would this block be worth any more than other blocks?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
newly mined coins IF sold over the counter to SPECIAL buyers had always have a slightly higher value than normal because it is OTC trade which is always more expensive and it is obviously "fresh".
logically the reward of said block has no additional value to it compared to any other coins in circulation (bitcoin is fungible) but i have seen enough crazy things in my life to believe that there may be some crazy people who would pay higher amount of money for things like that!!!
Is this important who will receieve first 6.25? More important who will receieve last 12
This thread brings me a nice idea, we could make something like this in games and rounds with betting, you know, generate vanity gen addys with the pool names and let users bet the one they believe will get the next block. In my opinion, Poolin or Antpool will be the ones who mine that block, only time knows...
Neat idea - only 5 days to go though ! 
This thread brings me a nice idea, we could make something like this in games and rounds with betting, you know, generate vanity gen addys with the pool names and let users bet the one they believe will get the next block. In my opinion, Poolin or Antpool will be the ones who mine that block, only time knows...
Thanks for the replies folks .
I suppose the collectible side of bitcoin is a relatively small world - the bigger picture is that people want bitcoin and any bitcoin will do
I suppose the collectible side of bitcoin is a relatively small world - the bigger picture is that people want bitcoin and any bitcoin will do
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1. Would this block be worth any more than other blocks?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
I don't think so unless some people want to keep it as a collector's item or if someone is willing to pay more for virgin bitcoin. Otherwise it's not really a big value addition as such. I am sure the miner will be very cautious before selling bitcoins after the reward reduces. Because the mining business is very price sensitive and there is a chance of many miners going out of the business post halving.
Some people are already paying premium for newly-minted bitcoins even before this halving proceeds, so I doubt there'd be anything special to the first block reward that the miners are going to get. It might be bragging rights to those who minted it but knowing how 'commonplace' bitcoin reward halving is really, (it occurs every 210,000 blocks), I don't think it deserves a spot for some special treatment--not unless someone has had those coins since the first halving up to now who is trying to store history.
1. Would this block be worth any more than other blocks?
Maybe for certain collectors, but not necessarily.
I find this "halving as event for collectors" as over-pumped commercial event with no meaning. They just want to sell some stuff to .. anyone.
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
There are plenty of virgin Bitcoins, there may be not enough collectors for them
2. Mining is mining and bitcoin is bitcoin ?
Mining is mining and the halving block is just another block next in line.
I don't think there'll be a real extra value to the coinbase reward of the first block with a 6.25 BTC reward. I don't really see a usecase for it.
Maybe with the potential exception of one of those physical funded coin creators funding an artpiece directly with the coinbase reward of the first 6.25 BTC block... But the odds of this happening are astronomically small. But yeah, it might be a nice sales pitch in 10 years: "the address engraved on this silver coin, whose private key is pasted at the back of the coin on a scratch-away sticker was funded directly with the coinbase reward of the first 6.25 BTC block ever mined". I guess that would fetch a premium.
Maybe with the potential exception of one of those physical funded coin creators funding an artpiece directly with the coinbase reward of the first 6.25 BTC block... But the odds of this happening are astronomically small. But yeah, it might be a nice sales pitch in 10 years: "the address engraved on this silver coin, whose private key is pasted at the back of the coin on a scratch-away sticker was funded directly with the coinbase reward of the first 6.25 BTC block ever mined". I guess that would fetch a premium.
This was kind of my thinking . BTCC mined virgin blocks and certain people wanted the virgin blocks and Bobby Lee is doing some virgin funded collectibles with some of his ballet products .
But as you say - it would be rather hard to get that first block
I don't think there'll be a real extra value to the coinbase reward of the first block with a 6.25 BTC reward. I don't really see a usecase for it.
Maybe with the potential exception of one of those physical funded coin creators funding an artpiece directly with the coinbase reward of the first 6.25 BTC block... But the odds of this happening are astronomically small. But yeah, it might be a nice sales pitch in 10 years: "the address engraved on this silver coin, whose private key is pasted at the back of the coin on a scratch-away sticker was funded directly with the coinbase reward of the first 6.25 BTC block ever mined". I guess that would fetch a premium.
Maybe with the potential exception of one of those physical funded coin creators funding an artpiece directly with the coinbase reward of the first 6.25 BTC block... But the odds of this happening are astronomically small. But yeah, it might be a nice sales pitch in 10 years: "the address engraved on this silver coin, whose private key is pasted at the back of the coin on a scratch-away sticker was funded directly with the coinbase reward of the first 6.25 BTC block ever mined". I guess that would fetch a premium.
2. Mining is mining and bitcoin is bitcoin ?
Miners will try to win that block rewards. We all will see together who will get it.
As a result, they have been competing for 12.5 BTC so far, after today they will compete for 6.25. I think there is nothing to worry about in the system. Don't worry, everyone will get used to the block reward being 6.25BTC.
Who will receive the first BTC block after the halvening ?
Obviously all miners/ mining pool want to receive as many blocks as possible and be rewarded with BTC, but I was wondering if there is any extra incentive for mining the first block of the halvening ?
1. Would this block be worth any more than other blocks?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
OR
2. Mining is mining and bitcoin is bitcoin ?
These are the main players in the game !
The above image is taken from Blochchain.com
https://www.blockchain.com/charts/pools
As Blockchain.com says that this chart is only a rough guide and is not 100% accurate for several reasons .
Obviously all miners/ mining pool want to receive as many blocks as possible and be rewarded with BTC, but I was wondering if there is any extra incentive for mining the first block of the halvening ?
1. Would this block be worth any more than other blocks?
Virgin blocks may be worth more to certain people and could this BTC have any premium ?
OR
2. Mining is mining and bitcoin is bitcoin ?
These are the main players in the game !
The above image is taken from Blochchain.com
https://www.blockchain.com/charts/pools
As Blockchain.com says that this chart is only a rough guide and is not 100% accurate for several reasons .
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