of Regression Theorum, what Bitcoin then, was used in the original, first block that had to be mined? I then assumed year two it would issue 2500; year 3, 1250, and so on, until it reached 21,000,000. Na xter, member, offline, activity: 210, merit: 10 mykhanh88. Ovh m twork/ http www. Member, offline, activity: 527, merit: 250 iuhkymt, newbie, offline, activity: 39, merit: 0, p3sho Newbie Offline Activity: 13 Merit: 0 creeptofarm Newbie Offline Activity: 42 Merit: 0 VB1001 Newbie Offline Activity: 4 Merit: 0 VB1001 Newbie Offline Activity: 4 Merit: 0 Vandar. What about the other Bitcoins though? I know how these Bitcoins are thus produced and thereby issued. Only Proof Of Work!
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Org xy https pool. If mining the ledger is the only way to create Bitcoin, what would there have been to mine on Day 1 with zero produced Bitcoin and no ledger transactions? Presa Altcoins (Monede Alternative) Skandinavisk Türkçe (Turkish) Bitcoin Haberleri Pazar Alan Madencilik Ekonomi Servisler Fonlar Proje Gelitirme Alternatif Kripto-Paralar Madencilik (Alternatif Kripto-Paralar) Duyurular (Alternatif Kripto-Paralar) Konu D Yeni Balayanlar Yardm Bulumalar Other languages/locations Sponsored by, a Bitcoin-accepting VPN. Newbie, offline, activity: 39, merit: 0 tortellino,. Member, offline, activity: 480, merit: 250 bitcoinz-pod, full Member, offline, activity: 210, merit: 104, bitcoinZ - In Decentralization We Trust, texacha. BitcoinZ Wiki: http BitcoinZ. I think the original question would be answered more efficiently by asking it this way: I recognize that in mining Bitcoin, the miner is rewarded with a stipend of newly minted Bitcoin.
I also assumed during a year, x new amount of Bitcoin was created by mining, capped at the mathematical limit for that year. Minertopia.org m m http igloopool. My understanding is that the miners aren't mining the Bitcoin but the blockchain ledger blocks, and are simply rewarded with Bitcoin.