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The total value of BitCoin?
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Topic: The total value of BitCoin? (Read 2478 times)
JackH
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The total value of BitCoin?
June 14, 2011, 09:56:37 PM
#1
How can we see the entire value of all the BitCoins? (if we assume that the price of MtGox is the price). I want to know in order to make a new article on
www.italkcash.com
about the BitCoin mania and I want to put a LOT of facts down to stop some of the confusion among people online.
<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
There are several different types of Bitcoin clients. The most secure are
full nodes
like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if
every
miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Ricochet
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Re: The total value of BitCoin?
June 14, 2011, 10:21:15 PM
#2
http://bitcoincharts.com/markets/
has both the total number of blocks and the total number of Bitcoins in existence, which is (# blocks) * 50. Multiply that by the current price.
Obviously the final result will change every minute, as the price changes and the number of blocks found increases.
Sukrim
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Re: The total value of BitCoin?
June 14, 2011, 10:32:33 PM
#3
http://bitcoinwatch.com/
has this number in a few currencies available.
https://www.coinlend.org
<-- automated lending at various exchanges.
https://www.bitfinex.com
<-- Trade BTC for other currencies and vice versa.
Dude65535
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Re: The total value of BitCoin?
June 14, 2011, 10:39:52 PM
#4
There is in fact .00000001 less bitcoins in existence then displayed on bitcoinwatch because someone intentional created a block with a reward of 49.99999999 bitcoins. The network only checks to make sure that you don't reward your self extra bitcoins.
1DCj8ZwGZXQqQhgv6eUEnWgsxo8BTMj3mT
rezin777
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Re: The total value of BitCoin?
June 15, 2011, 12:15:05 AM
#5
Quote from: Dude65535 on June 14, 2011, 10:39:52 PM
There is in fact .00000001 less bitcoins in existence then displayed on bitcoinwatch because someone intentional created a block with a reward of 49.99999999 bitcoins. The network only checks to make sure that you don't reward your self extra bitcoins.
Which block was this?
Dude65535
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Re: The total value of BitCoin?
June 15, 2011, 12:49:23 AM
#6
Quote from: rezin777 on June 15, 2011, 12:15:05 AM
Which block was this?
124724
http://blockexplorer.com/block/0000000000004c78956f8643262f3622acf22486b120421f893c0553702ba7b5
1DCj8ZwGZXQqQhgv6eUEnWgsxo8BTMj3mT
rezin777
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Re: The total value of BitCoin?
June 15, 2011, 01:02:16 AM
#7
Quote from: Dude65535 on June 15, 2011, 12:49:23 AM
Quote from: rezin777 on June 15, 2011, 12:15:05 AM
Which block was this?
124724
http://blockexplorer.com/block/0000000000004c78956f8643262f3622acf22486b120421f893c0553702ba7b5
Thank you. And interesting.
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