Bitcoin Block #210 000 mined - reward halving
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Bitcoin Block #210 000 mined - reward halving
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Re: Bitcoin Block #210 000 mined - reward halving
#2[deleted]
Re: Bitcoin Block #210 000 mined - reward halving
#3NoooOOoooOOOooo!
Re: Bitcoin Block #210 000 mined - reward halving
#413 bitcoins in transaction fees... lots of people wanted to be in this block.
Re: Bitcoin Block #210 000 mined - reward halving
#5Translation to English from Bitcoinese?
Re: Bitcoin Block #210 000 mined - reward halving
#613 bitcoins in transaction fees... lots of people wanted to be in this block.
Can you expand on this for a non bitcoin-savvy person?
Re: Bitcoin Block #210 000 mined - reward halving
#7Can anyone explain this to me?
Sorry, I never really paid attention to bitcoin. I was sure the government would have killed it by now, labeling you all criminals.
Re: Bitcoin Block #210 000 mined - reward halving
#8Translation to English from Bitcoinese?
Bitcoin are "mined" by miners across the globe who run special software on their machines/mining rigs. Each time a block was mined before block #210 000 miner earned 50 bitcoins (+transaction fees). Now, it will got only 25 bitcoins. It's part of Bitcoin specification. More reading: https://en.bitcoin.it/wiki/Mining#Reward
Re: Bitcoin Block #210 000 mined - reward halving
#9Can anyone explain this to me? Sorry, I never really paid attention to bitcoin. I was sure the government would have killed it by now, labeling you all criminals.
Re: Bitcoin Block #210 000 mined - reward halving
#1013 bitcoins in transaction fees... lots of people wanted to be in this block.
I saw that, too, and was really surprised at the fees generated. Didn't realise it was specifically for that block, though, until I saw that the one prior only got 0.53BTC :)