Bitcoin Forum
May 13, 2024, 10:09:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Block 519996 just mined, which set BTC supply to 17 million exactly.  (Read 126 times)
Crypto Piece (OP)
Member
**
Offline Offline

Activity: 166
Merit: 43


View Profile
April 26, 2018, 10:20:28 AM
Last edit: April 26, 2018, 10:33:54 AM by Crypto Piece
 #1

4 million to go!

https://live.blockcypher.com/btc/block/00000000000000000016f979816095fd8619cc78c387c47707692612cfc338ec/
1715594991
Hero Member
*
Offline Offline

Posts: 1715594991

View Profile Personal Message (Offline)

Ignore
1715594991
Reply with quote  #2

1715594991
Report to moderator
1715594991
Hero Member
*
Offline Offline

Posts: 1715594991

View Profile Personal Message (Offline)

Ignore
1715594991
Reply with quote  #2

1715594991
Report to moderator
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715594991
Hero Member
*
Offline Offline

Posts: 1715594991

View Profile Personal Message (Offline)

Ignore
1715594991
Reply with quote  #2

1715594991
Report to moderator
Edward Finney
Newbie
*
Offline Offline

Activity: 67
Merit: 0


View Profile
April 26, 2018, 10:23:34 AM
 #2

Out of that 17million mined 10% is held in 'satoshi nakamotos' wallet and a further 4 million bitcoins are lost!!!
TheGodson
Full Member
***
Offline Offline

Activity: 383
Merit: 161


https://nitrogensports.eu/r/4896627


View Profile
April 26, 2018, 10:25:16 AM
 #3

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?

bitcoinfuck
Full Member
***
Offline Offline

Activity: 634
Merit: 106


Europe Belongs To Christians


View Profile
April 26, 2018, 10:25:46 AM
 #4

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

[/url]
bitcoinfuck
Full Member
***
Offline Offline

Activity: 634
Merit: 106


Europe Belongs To Christians


View Profile
April 26, 2018, 10:26:39 AM
 #5

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

[/url]
BrewMaster
Legendary
*
Offline Offline

Activity: 2114
Merit: 1292


There is trouble abrewing


View Profile
April 26, 2018, 10:36:03 AM
 #6

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.

There is a FOMO brewing...
eternalgloom
Legendary
*
Offline Offline

Activity: 1792
Merit: 1283



View Profile WWW
April 26, 2018, 10:48:01 AM
 #7

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?


BrewMaster
Legendary
*
Offline Offline

Activity: 2114
Merit: 1292


There is trouble abrewing


View Profile
April 26, 2018, 10:58:10 AM
 #8

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

There is a FOMO brewing...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!