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Topic: Happy halving day - page 14. (Read 29145 times)

legendary
Activity: 1379
Merit: 1003
nec sine labore
November 28, 2012, 10:00:07 AM

2 or is it 1?


spiccioli
hero member
Activity: 784
Merit: 1009
firstbits:1MinerQ
November 28, 2012, 10:00:00 AM
We're mining the last 50BTC block now.
Time to get your goodies in if you want to be in the last 50BTC block.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
November 28, 2012, 09:59:40 AM
To grandchildren: Back in my day you got 50btc per block.
Grandchildren: Grandpa, is it true you own a whole bitcoin!  Shocked
legendary
Activity: 952
Merit: 1000
November 28, 2012, 09:59:33 AM
I'm way too excited.
sr. member
Activity: 278
Merit: 250
November 28, 2012, 09:58:59 AM
To grandchildren: Back in my day you got 50btc per block.

And people where selling at 12$ and under  Roll Eyes

And knight22 sat at his computer clicking "refresh" ... "refresh" ... "refresh"

What's "refresh" grandpa?

legendary
Activity: 1153
Merit: 1012
November 28, 2012, 09:58:44 AM
Can we even realize the true dimension of this historic event?  Shocked

I doubt it!

 Grin
sr. member
Activity: 406
Merit: 250
LTC
November 28, 2012, 09:58:20 AM
To grandchildren: Back in my day you got 50btc per block.

Heh.. Smiley The truth is that I feel the way I felt when I turned 30s..
sr. member
Activity: 369
Merit: 250
November 28, 2012, 09:57:38 AM
The code is very simple, highly unlikely to be buggy. Smiley

// Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 210000);

Ah ha.. >>= should be >=.. there is a bug.. quick where's Gavin!
full member
Activity: 146
Merit: 103
November 28, 2012, 09:57:09 AM
It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

yeah crazy huh the reward go,s down 50% and yet we are excited... Tongue  My heineken is getting Cold ...aaa takes 2 celebrite the incomhalving in a moment ..drink dronk drinken  Cry

It's two parts... 1) it stinks, we like big rewards but 2) this project is actually living on and upholding the original design.

Very cool.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
November 28, 2012, 09:56:49 AM
To grandchildren: Back in my day you got 50btc per block.

And people where selling at 12$ and under  Roll Eyes
hero member
Activity: 540
Merit: 500
COINDER
November 28, 2012, 09:56:05 AM
It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

yeah crazy huh the reward go,s down 50% and yet we are excited... Tongue  My heineken is getting Cold ...aaa takes 2 celebrite the incomhalving in a moment ..drink dronk drinken  Cry
sr. member
Activity: 278
Merit: 250
November 28, 2012, 09:55:14 AM
It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

Remember Remember the 28th of November (2012).  Old man.

legendary
Activity: 1652
Merit: 1016
November 28, 2012, 09:55:08 AM
To grandchildren: Back in my day you got 50btc per block.
foo
sr. member
Activity: 409
Merit: 250
November 28, 2012, 09:54:30 AM
The suspense is if the new block 210000 will actually get 25btc reward or if the whole system falls over..
The code is very simple, highly unlikely to be buggy. Smiley

Code:
    // Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
    nSubsidy >>= (nHeight / 210000);
hero member
Activity: 547
Merit: 531
First bits: 12good
November 28, 2012, 09:53:31 AM
Its the 29th here in Australia right now  Wink

So for you 29th of November is like 29-th of February once every 4 years  Grin
full member
Activity: 146
Merit: 103
November 28, 2012, 09:52:59 AM
It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".
foo
sr. member
Activity: 409
Merit: 250
November 28, 2012, 09:52:44 AM
3 Left People
No, 2. The instant that 209,999 is found is when things change. Waiting for 210,000 is like celebrating New Year at the end of January 1st.

Really?!
Yes. Before 209,999 all miners are competing for 50 BTC, after it they're competing for 25 BTC.
hero member
Activity: 597
Merit: 500
November 28, 2012, 09:52:24 AM
I'm sure this moment is historic. Look mom, I'm in the economy 2.0!!!!
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
November 28, 2012, 09:52:05 AM
I am more excited about this than is warranted.   Smiley
hero member
Activity: 826
Merit: 500
Crypto Somnium
November 28, 2012, 09:50:50 AM
Its the 29th here in Australia right now  Wink
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