Bitcoin Forum
September 24, 2018, 04:45:53 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: If you have a block from before the halfing it's worth $100,000 right now.  (Read 346 times)
isoneguy
Hero Member
*****
Offline Offline

Activity: 518
Merit: 501



View Profile
August 13, 2017, 07:53:04 PM
 #1



Close enough at least.

edit: title...hah scare anyone?
1537764353
Hero Member
*
Offline Offline

Posts: 1537764353

View Profile Personal Message (Offline)

Ignore
1537764353
Reply with quote  #2

1537764353
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
unamis76
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


View Profile
August 13, 2017, 07:57:25 PM
 #2

"Let that sink in" would be suitable for this, I guess? Cheesy
gentlemand
Legendary
*
Offline Offline

Activity: 1764
Merit: 1257


Hello You


View Profile
August 13, 2017, 08:11:33 PM
 #3

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.

isoneguy
Hero Member
*****
Offline Offline

Activity: 518
Merit: 501



View Profile
August 13, 2017, 09:11:01 PM
 #4

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
Xavofat
Hero Member
*****
Offline Offline

Activity: 882
Merit: 518

Satoshi wanted "small, casual transactions".


View Profile WWW
August 14, 2017, 08:28:08 PM
 #5

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.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!