Halving day 2012: Difference between revisions
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m Bitcoins can be destroyed, and some may have been before the halving (the gettxoutsetinfo RPC shows some have by now), so it's more correct to say 'were mined' than 'in existence' |
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'''Halving day 2012''' (November 28, 2012) was the day of the first [[controlled supply|subsidy halving]], which occurred when '''block 210000''' was solved. Until [[halving day 2016|block 420000]], the block reward would be | '''Halving day 2012''' (November 28, 2012) was the day of the first [[controlled supply|subsidy halving]], which occurred when '''block 210000''' was solved. Until [[halving day 2016|block 420000]], the block reward would be 25 BTC instead of the original 50 BTC. | ||
At the moment before the halving, | At the moment before the halving, 10,500,000 BTC had been mined, 50% of the target cap. | ||
==Solution== | ==Solution== | ||
Block 210000 was found and broadcast on 2012-11-28 at 15:24:38 UTC.<ref>{{cite block|210000|hash=000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e|year=2012|month=11|day=28}}</ref> [[Slush's pool]] was responsible for finding the solution,<ref>{{cite btct|id=128200|title=210000 block found|date=28 November 2012}}</ref> and a miner named ''laughingbear'' contributed the solution.<ref>{{cite btct|title=<nowiki>[</nowiki>2500 GH/s<nowiki>]</nowiki> Slush's Pool (mining.bitcoin.cz); TX FEES + Stratum|id=1976|date=27 November 2010}}</ref> | [[file:rad5970.jpg|thumb|A Radeon HD 5800 Series graphics card, the same series of the GPU used to solve block 210000]]Block 210000 was found and broadcast on 2012-11-28 at 15:24:38 UTC.<ref>{{cite block|210000|hash=000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e|year=2012|month=11|day=28}}</ref> [[Slush's pool]] was responsible for finding the solution,<ref>{{cite btct|id=128200|title=210000 block found|date=28 November 2012}}</ref> and a miner named ''laughingbear'' contributed the solution.<ref>{{cite btct|title=<nowiki>[</nowiki>2500 GH/s<nowiki>]</nowiki> Slush's Pool (mining.bitcoin.cz); TX FEES + Stratum|id=1976|date=27 November 2010}}</ref> | ||
== | The block was solved by a Radeon HD 5800<ref>{{cite btct|id=128200|title=210000 block found|date=28 November 2012|post=1364739}}</ref> after mining for less than a week.<ref>{{cite btct|id=128221|title=Block 210000 found|date=28 November 2012}}</ref> This GPU would later be sold to [[Chaang Noi]] at a significant markup on August 26, 2013.<ref>{{cite btct|id=168342|title=[SOLD<nowiki>]</nowiki> A piece of Bitcoin history. Video card that found Block 210000|date=5 April 2013}}</ref> Several images of the card were posted to [[Bitmit]], but no copies are currently known to exist.<ref>{{cite btct|id=1138466|title=Looking for a certain image|date=29 July 2015}}</ref> | ||
==References== | ==References== | ||
Latest revision as of 03:25, 22 August 2015
Halving day 2012 (November 28, 2012) was the day of the first subsidy halving, which occurred when block 210000 was solved. Until block 420000, the block reward would be 25 BTC instead of the original 50 BTC.
At the moment before the halving, 10,500,000 BTC had been mined, 50% of the target cap.
Solution
Block 210000 was found and broadcast on 2012-11-28 at 15:24:38 UTC.[1] Slush's pool was responsible for finding the solution,[2] and a miner named laughingbear contributed the solution.[3]
The block was solved by a Radeon HD 5800[4] after mining for less than a week.[5] This GPU would later be sold to Chaang Noi at a significant markup on August 26, 2013.[6] Several images of the card were posted to Bitmit, but no copies are currently known to exist.[7]
References
- ↑ Block 210000. Main chain. 2012-11-28. Hash 000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e. Block explorer
- ↑ BitcoinTalk thread 128200. 210000 block found 28 November 2012.
- ↑ BitcoinTalk thread 1976. [2500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + Stratum 27 November 2010.
- ↑ BitcoinTalk thread 128200. 210000 block found 28 November 2012. Post 1364739.
- ↑ BitcoinTalk thread 128221. Block 210000 found 28 November 2012.
- ↑ BitcoinTalk thread 168342. [SOLD] A piece of Bitcoin history. Video card that found Block 210000 5 April 2013.
- ↑ BitcoinTalk thread 1138466. Looking for a certain image 29 July 2015.
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