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Author Topic: If you have a block from before the halfing it's worth $100,000 right now.  (Read 341 times)
isoneguy
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August 13, 2017, 07:53:04 PM
 #1



Close enough at least.

edit: title...hah scare anyone?
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unamis76
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August 13, 2017, 07:57:25 PM
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"Let that sink in" would be suitable for this, I guess? Cheesy
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August 13, 2017, 08:11:33 PM
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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.

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August 13, 2017, 09:11:01 PM
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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.

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August 14, 2017, 08:28:08 PM
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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.

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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.

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