The first halving
At block 210,000 the new-coin reward drops from 50 to 25 BTC, exactly as the code scheduled in 2009.
block subsidy: 50 BTC → 25 BTC
Block 210,000 · November 28, 2012 · 15:24:38 UTC
THIS DAY IN BITCOIN HISTORY
November 28
What happened in Bitcoin on November 28: The first halving (2012). Plus 3 of Satoshi’s emails and forum posts from this date.
ON THE TIMELINE
Turning points on November 28.
FROM THE ARCHIVE
What Satoshi wrote on November 28.
Re: Cooperative mining
ribuck's description is spot on. Pool operators can modify their getwork to take one additional parameter, the address to send your share to. The easy way for the pool operator would be to wait until the next block is…
Re: Is safe running bitcoins with the same wallet on more computers simultaneously?Quote Will it be synchronized automatically? Very much not. Using multiple copies of wallet.dat is not recommended or supported, in fact all of Bitcoin is designed to defeat that. Both copies will get screwed up. If y…
Re: RFC: ship block chain 1-74000 with release tarballs?Despite everything else said, the current next step is: Quote Someone should experiment with different Berkeley DB settings and see if there's something that makes the download substantially faster. If something subst…
The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containi…Read the full quotes ↗
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