Jason Hodlers on Nostr: Halving stuffs, mostly. ...

Halving stuffs, mostly.

quoting
nevent1q…eapg

At the 1st #Bitcoin halving, the time between block 209999 and 210000 was about 𝟮𝟯 𝗺𝗶𝗻𝘂𝘁𝗲𝘀.🐌

At the 2nd #halving, the time between block 419999 and 420000 was about 𝟱 𝗺𝗶𝗻𝘂𝘁𝗲𝘀.🐇

At the 3rd halving, the time between block 629999 and 630000 was only about 𝟮𝟬 𝘀𝗲𝗰𝗼𝗻𝗱𝘀!🤯



While the decreasing duration of each epoch's final block may appear to be a consequence of rising hashrate, this is not the case. These block times are 𝘦𝘯𝘵𝘪𝘳𝘦𝘭𝘺 𝘥𝘶𝘦 𝘵𝘰 𝘤𝘩𝘢𝘯𝘤𝘦.

The Difficulty Adjustment every 2016 blocks, or about every 2 weeks, keeps blocks within a 10 minute timeframe 𝗶𝗻 𝗮𝗴𝗴𝗿𝗲𝗴𝗮𝘁𝗲, not with each individual block. Some blocks within a difficulty period will be found in mere 𝘀𝗲𝗰𝗼𝗻𝗱𝘀, while others will take an hour or more. But zoomed-out, they tend to take about 10 minutes.

With the next halving only a couple days away, how long do you think block 839999 will last before block 840000 is found?

Leave your guesses in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀!⬇️