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Author Topic: Seeing first block with 12.5 Blockreward Live (block: 420000)  (Read 802 times)
mobnepal
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July 09, 2016, 04:50:48 PM
Last edit: July 09, 2016, 05:09:35 PM by mobnepal
 #1


I was just sitting and trying to hit print screen as soon as possible and luckly i get this, hope you will like it. But why reward is not halved to 12.5 instead it showing 16.66 blockreward. Huh 

EDIT: found that 16.66 reward is only due to bug in blockchain.info explorer.
Look here: https://www.blocktrail.com/BTC/block/000000000000000002cce816c0ab2c5c269cb081896b7dcb34b8422d6b74ffa1   (block: 420000)
Look here: https://www.blocktrail.com/BTC/block/000000000000000004db7eebf333b81f2529835102f7f7e86eca889287148885   (block: 420001)
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July 09, 2016, 04:54:12 PM
 #2

https://blockchain.info/block/000000000000000002cce816c0ab2c5c269cb081896b7dcb34b8422d6b74ffa1

Yup, i guess due to transaction fee's from that block ?!
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July 09, 2016, 04:55:42 PM
 #3


Block 420001 also has a 16.66 reward..

Anybody know if this is working as intended?
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July 09, 2016, 04:59:10 PM
 #4

I guess its a bug in Blockchain.info

Negative transaction fees:
Transaction Fees     -3.59096985 BTC
Gws24
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July 09, 2016, 04:59:19 PM
 #5

just blockchain.info messing up again. Guess they can't do 25/2 ;-)
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July 09, 2016, 04:59:52 PM
 #6


Block 420001 also has a 16.66 reward..

Anybody know if this is working as intended?

Maybe it is a bug in that website as another one shows 12.5

https://tradeblock.com/bitcoin/block/420001

Block Reward   12.50000000

KyrosKrane
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July 09, 2016, 05:00:01 PM
 #7

Blockchain.info is apparently having a parsing error. Check here:

https://blockr.io/block/info/420000

Coinbase transaction value minus block fees = 12.5BTC generated.

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July 09, 2016, 05:01:46 PM
 #8

Some block explorer says the reward is 12.5BTC while other says it's 16.66666666BTC
I hope the right one is 12.5BTC, otherwise we would have bad time.

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July 09, 2016, 05:02:14 PM
 #9


Block 420001 also has a 16.66 reward..

Anybody know if this is working as intended?

As far as i can see it is. Just look at newly generated coins https://blockchain.info/tx/5787c3d0740f13f280118404405f1c93fb7a63a953fa482b13e23c3b03a14bd4
There's some trash showing on blockchain.info, just like Transaction Fees -3.59096985 BTC . Note the negative value. OBV explorer error, not bitcoin's
LuckyBtc
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July 09, 2016, 05:04:23 PM
 #10

Some block explorer says the reward is 12.5BTC while other says it's 16.66666666BTC
I hope the right one is 12.5BTC, otherwise we would have bad time.
12.5 BTC is right, BlockChain.info is one messed up block explorer.

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jackg
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July 09, 2016, 05:08:05 PM
 #11

That's odd.
The current block reward should be: 12.5BTC
Shown on there was: 16.66BTC
and Then showed on a transaction was: ~13BTC

There is definitely something that has gone wrong with blockchain.info!

theymos
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July 09, 2016, 05:08:57 PM
 #12

blockchain.info is notoriously unreliable. If a miner had attempted to claim a subsidy higher than 12.5 BTC, then every full node would've rejected the block.

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July 09, 2016, 05:13:32 PM
 #13

I guess its a bug in Blockchain.info

Negative transaction fees:
Transaction Fees     -3.59096985 BTC
That was the first thing I noticed too. Disappointing, that means they have some fundamental flaw in their software, otherwise it shouldn't matter that blocks halve.

The amount sent to the output address is (of course) correct, so all works fine. I'm more interested in what's going to happen to the Bitcoin price in the coming months. People have been speculating the halving for months now, in both directions, so I'm just curious what the market is going to do.

just blockchain.info messing up again. Guess they can't do 25/2 ;-)
But they can do 50/3 Cheesy
So next halving they'll show 12.5 BTC per block.

Blockchain.info fixed their bugs Cheesy Transaction Fees and Block Reward are correct now. They are fast!

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July 09, 2016, 05:34:32 PM
 #14

I guess its a bug in Blockchain.info

Negative transaction fees:
Transaction Fees     -3.59096985 BTC
That was the first thing I noticed too. Disappointing, that means they have some fundamental flaw in their software, otherwise it shouldn't matter that blocks halve.

The amount sent to the output address is (of course) correct, so all works fine. I'm more interested in what's going to happen to the Bitcoin price in the coming months. People have been speculating the halving for months now, in both directions, so I'm just curious what the market is going to do.

just blockchain.info messing up again. Guess they can't do 25/2 ;-)
But they can do 50/3 Cheesy
So next halving they'll show 12.5 BTC per block.

Blockchain.info fixed their bugs Cheesy Transaction Fees and Block Reward are correct now. They are fast!

The bitcoin value SHOULD increase! (though it has defied our expectations many times before)!
Blockchain.info are probably reviewing many forum sites and social media all the time to ensure the information they publish is accurate!

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July 09, 2016, 05:38:20 PM
 #15

Well there are too many bugs in Blockchain.info , Its not new . I have faced many bugs/errors with Blockchain.info
The blockreward is exactly 12.5BTC but its showing wrong value . Let them fix that .

Check it out here : https://blockexplorer.com/block/000000000000000002cce816c0ab2c5c269cb081896b7dcb34b8422d6b74ffa1
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July 09, 2016, 05:42:21 PM
 #16

I guess its a bug in Blockchain.info

Negative transaction fees:
Transaction Fees     -3.59096985 BTC

So the transactions shown on Blockchain are fake? Is it actually 12.5 instead of the figure it's showing? I'm really confused and i need someone to confirm this for me. I'm actually looking forward to seeing how the value of Bitcoin will proceed after this; it seems to be remaining stable at the moment; though i hope it can increase at little bit more Wink
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July 09, 2016, 05:44:40 PM
 #17

There's been a bug fix already. It's showing real values now. It's funny how people want to spread panic on tiniest issues/bugs Cheesy
See you in 4 years on the next countdown (Reward-Drop ETA date: 07 Jul 2020 01:04:05)
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July 09, 2016, 06:04:24 PM
 #18

There's been a bug fix already. It's showing real values now. It's funny how people want to spread panic on tiniest issues/bugs Cheesy
See you in 4 years on the next countdown (Reward-Drop ETA date: 07 Jul 2020 01:04:05)

That's why fighting FUD is always important, panick spreads like fire ^^


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