teachin_bitcoin on Nostr: ...
Dad: Son, what is an "Epoch" in Bitcoin?
Son: Hi Dad,
With a "Bitcoin epoch" people usually mean a period of roughly 4 years (210,000 blocks and about 10 minutes between them) with a specific mining reward.
The first epoch started with the genesis block in 2009, and a block reward of 50 bitcoin.
From May 2020 until some time in 2024, we're in the 4th mining epoch, and the block reward is at 6.25 bitcoin per block.
Dad: I see a bitcoin supply squeeze coming.
Son: Dad, me too.
#Bitcoin
Published at
2024-11-12 14:05:25Event JSON
{
"id": "72c20653b7bb34f08aeb3342fdee7b905cd80d6172d5344baac65a54361ed5f5",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1731420325,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/what-is-an-epoch-in-bitcoin.png\n\nDad: Son, what is an \"Epoch\" in Bitcoin?\nSon: Hi Dad,\nWith a \"Bitcoin epoch\" people usually mean a period of roughly 4 years (210,000 blocks and about 10 minutes between them) with a specific mining reward.\nThe first epoch started with the genesis block in 2009, and a block reward of 50 bitcoin.\nFrom May 2020 until some time in 2024, we're in the 4th mining epoch, and the block reward is at 6.25 bitcoin per block.\nDad: I see a bitcoin supply squeeze coming.\nSon: Dad, me too.\n\n\n#Bitcoin",
"sig": "e30b011ec44641933ecd4e1b5ac6026cefdcab0e40b24827c4a12bc598611369a3a53e770cfd98683765c33a8318b65493bcd594664e849765ee5f11eaf28622"
}
