conradkeeps on Nostr: First thing to know is ‘i’ is your count. So you start at i=0 on the first day of ...
First thing to know is ‘i’ is your count. So you start at i=0 on the first day of bitcoin. 2 to the power of zero is 1 (can test on calculator). So there are 50 bitcoins each block for 210,000 blocks. At which point the i clicks up to 1 and you have your first halving (2 to the power of 1 is 2 and therefore you have 50 divided by 2 for your next blocks = 25 Bitcoin for 210,000 blocks). And so on…
Published at
2024-09-17 07:23:48Event JSON
{
"id": "670c505baa4f3cee473240edbd76ddcdd55fa8f0290a0e3464ff40596bbe6c46",
"pubkey": "86301add6fdec93d62fffb2633fc116671934f6eca3414173188ff20a953f32e",
"created_at": 1726557828,
"kind": 1,
"tags": [
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"content": "First thing to know is ‘i’ is your count. So you start at i=0 on the first day of bitcoin. 2 to the power of zero is 1 (can test on calculator). So there are 50 bitcoins each block for 210,000 blocks. At which point the i clicks up to 1 and you have your first halving (2 to the power of 1 is 2 and therefore you have 50 divided by 2 for your next blocks = 25 Bitcoin for 210,000 blocks). And so on…",
"sig": "45956220a5ee324d7c1af3d83ee9b043d66dc1a23aebd7ee6a1260f171dae286698a6cfc639ce2379276673438de5ab07734e8e27dfa4e5b007c9ce0df242f3b"
}