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Title: Block 519996 just mined, which set BTC supply to 17 million exactly. Post by: Crypto Piece on April 26, 2018, 10:20:28 AM 4 million to go!
https://live.blockcypher.com/btc/block/00000000000000000016f979816095fd8619cc78c387c47707692612cfc338ec/ Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly, 4 millions Post by: Edward Finney on April 26, 2018, 10:23:34 AM Out of that 17million mined 10% is held in 'satoshi nakamotos' wallet and a further 4 million bitcoins are lost!!!
Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly, 4 millions Post by: TheGodson on April 26, 2018, 10:25:16 AM Out of that 17million mined 10% is held in 'satoshi nakamotos' wallet and a further 4 million bitcoins are lost!!! Can you provide a source which accounts for the 4 million lost bitcoins? How does one discover how many are lost with certainty? Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly, 4 millions Post by: bitcoinfuck on April 26, 2018, 10:25:46 AM Out of that 17million mined 10% is held in 'satoshi nakamotos' wallet and a further 4 million bitcoins are lost!!! as far i know bitfinex adn bittrex are the top bitcoin holders for now Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly, 4 millions Post by: bitcoinfuck on April 26, 2018, 10:26:39 AM Out of that 17million mined 10% is held in 'satoshi nakamotos' wallet and a further 4 million bitcoins are lost!!! Can you provide a source which accounts for the 4 million lost bitcoins? How does one discover how many are lost with certainty? you can look for all accounts with last out date before 2013 and you will find that Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly, 4 millions Post by: BrewMaster on April 26, 2018, 10:36:03 AM supply to 17 million exactly it is not "exactly" 17 million because in all these blocks there has been miners who messed with the code and made mistakes which meant they didn't take the block reward and that reward (that is newly genrated coins are lost forever). lost in this context means out of circulation and never entering it at all. for example this one: https://www.reddit.com/r/Bitcoin/comments/7n1ie5/someone_destroyed_125_newly_mined_bitcoins/ Out of that 17million mined 10% is held in 'satoshi nakamotos' wallet and a further 4 million bitcoins are lost!!! it is customary that when you make a guess you say you are making a guess. Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly. Post by: eternalgloom on April 26, 2018, 10:48:01 AM supply to 17 million exactly it is not "exactly" 17 million because in all these blocks there has been miners who messed with the code and made mistakes which meant they didn't take the block reward and that reward (that is newly genrated coins are lost forever). lost in this context means out of circulation and never entering it at all. for example this one: https://www.reddit.com/r/Bitcoin/comments/7n1ie5/someone_destroyed_125_newly_mined_bitcoins/ Is there a way to calculate the exact amount of Bitcoins that are lost due to miner mis-configuration? Looking at that thread, it does seem that it leaves evidence of such an event in the blockchain. Maybe someone already wrote a script to look for those errors? Title: Re: Block 519996 just mined, which set BTC supply to 17 million exactly. Post by: BrewMaster on April 26, 2018, 10:58:10 AM supply to 17 million exactly it is not "exactly" 17 million because in all these blocks there has been miners who messed with the code and made mistakes which meant they didn't take the block reward and that reward (that is newly genrated coins are lost forever). lost in this context means out of circulation and never entering it at all. for example this one: https://www.reddit.com/r/Bitcoin/comments/7n1ie5/someone_destroyed_125_newly_mined_bitcoins/ Is there a way to calculate the exact amount of Bitcoins that are lost due to miner mis-configuration? Looking at that thread, it does seem that it leaves evidence of such an event in the blockchain. Maybe someone already wrote a script to look for those errors? there is a way, but i don't know if anyone has actually done it or not. you just have to take each block from block #1 up to the longest height. then check their coinbase transaction to see if it is claiming the block reward and the total fees or not. the "evidence" is the link of that topic on reddit: https://tradeblock.com/bitcoin/tx/9bf8853b3a823bbfa1e54017ae11a9e1f4d08a854dcce9f24e08114f2c921182 |