Author

Topic: If you have a block from before the halfing it's worth $100,000 right now. (Read 440 times)

hero member
Activity: 938
Merit: 559
Did you see that ludicrous display last night?
Let's really go for it.
Let's really go for it.

If you'd set up several GPUs right at the start of a difficulty adjustment period, you would have had two weeks in which you drastically sped up the production of blocks.  Not only would you mine most of the blocks but you'd mine a shitload of them.  Then you could get millions every 30 minutes.

If you were really evil as well, you could even ask two people if they'd buy you a pizza for your coins, then receive both pizzas and double spend using your >51% hashrate.  Then you could have stolen a whole pizza on top of that!
That's $200,000 every 30 minutes or so and all mined with your slide rule.

And I always laughed at my teachers thinking computers would do all the worthwhile math for me.

Math Teachers 1 - Gamers 0
If you couldn't understand how many coins you were going to get or what the value is, you wouldn't be able to use the coins that those computers magically made.  So I say it's 1-1.
hero member
Activity: 518
Merit: 501
That's $200,000 every 30 minutes or so and all mined with your slide rule.

And I always laughed at my teachers thinking computers would do all the worthwhile math for me.

Math Teachers 1 - Gamers 0

Wink
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Let's really go for it.

If you'd mined from early 2009 you probably would've found 30-50% of the blocks in the very early days as it was just Satoshi, a little bit of Hal and a handful of other unknowns. That's $200,000 every 30 minutes or so and all mined with your slide rule.
legendary
Activity: 1512
Merit: 1012
"Let that sink in" would be suitable for this, I guess? Cheesy
hero member
Activity: 518
Merit: 501


Close enough at least.

edit: title...hah scare anyone?
Jump to: