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Bitcoin block #300000 was just mined today
- jtokoph 12y agoIs there something notable about this block like a change in mining reward? With a relatively controlled block rate of 6/hour, can't we predict when almost any block will be mined?
- oakwhiz 12y agoThe long term averages are showing slightly more than 6 per hour. Over the short term the spacing between blocks varies pretty wildly. I sure would not want to rely on a clock powered by Bitcoin block times :-)
- wubbfindel 12y agoI'm not into Bitcoin. So could someone explain the significance of this to us laymen?
- buro9 12y agoNot sure of the significance: https://en.bitcoin.it/wiki/Blocks#How_many_blocks_are_there.3F https://en.bitcoin.it/wiki/Blocks#How_many_blocks_are_there.... What is the maximum number of blocks? There is no maximum number, blocks just keep getting added to the end of the chain at an average rate of one every 10 minutes. Even when all 21 million coins have been generated? Yes. The blocks are for proving that transactions existed at a particular time. Transactions will still occur once all the coins have been generated, so blocks will still be created as long as people are trading Bitcoins.
- sp332 12y agoWell, I guess it's a continuation of Bitcoin mining being ahead of schedule. Discussion https://news.ycombinator.com/item?id=5780861 https://news.ycombinator.com/item?id=5780861 and since that article is dead, here's another one http://www.dailydot.com/business/bitcoin-mining-55-years-ahead-schedule/ http://www.dailydot.com/business/bitcoin-mining-55-years-ahe...
- shachar 12y agoIt's just a nice round number. The next halving of the coinbase reward is still far off.
- cLeEOGPw 12y agoHow did this manage to get to the frontpage? Wasn't there some rule that would punish articles with bitcoin? Did pg change ranking rules again?