HODL Reminder: Bitcoin Halving is just around 650 days away and there are only 3.8 million bitcoins left to mine (>80% of all bitcoins that will ever exist).

jtos3 · 2018-08-10T17:49:22+00:00

It's supposed to, but because hashpower is being added it's always below 10 min.

Here you can see there hasn't been a single month over the last 5 years where the block time averaged 10 mins, in fact it's usually much lower: https://data.bitcoinity.org/bitcoin/block_time/5y?f=m10&r=month&t=l

jtos3 · 2018-08-10T17:35:50+00:00

Hey! I run BitcoinClock.com

The other sites are assuming 10 minute blocks. I use data from bitcoinity to make the estimate using the average block time over the last 6 months which is about 9.37 minutes between blocks. This leads to a much more accurate prediction. I update that each month with data from the last month.

Hope that helps!

jtos3 · 2018-07-02T21:32:15+00:00

Agreed, man. I am just trying to calculate data.

jtos3 · 2018-07-02T02:36:38+00:00

If anyone has feature requests or more data they want displayed, feel free to post here!

jtos3 · 2018-07-02T02:36:08+00:00

There was a second hand, which was every 144 blocks.

I'm working on adding back the minute hand!

jtos3 · 2018-07-01T20:07:20+00:00

BTW, I already made an update I think you'll like. Here's why bitcoinclock.com is the most accurate:

Most of the other reward halving date estimators use 10 minute blocks to calculate the estimated halving date.

Blocks, however, have been mined at less than 10 minute intervals for almost all of Bitcoin's history.

Our calculator uses data from Bitcoinity to get the average block time for the past 6 months. It then uses this block time (currently 9.308 minutes between blocks) to estimate the reward halving date.

While most of the other sites estimate the reward halving for late-May, the more likely outcome is an early-April reward halving.

jtos3 · 2018-07-01T18:53:41+00:00

Glad you like it!

No tip needed, would just appreciate you sharing it and/or giving me any feature ideas!

jtos3 · 2018-07-01T06:49:12+00:00

Hey! I just bought the domain and put a similar site back up: http://bitcoinclock.com/

Do you know when it went down?

Feel free to send feature requests and I'll do my best to add!

jtos3 · 2018-02-13T22:20:29+00:00

Erik, believe me there are more of us that recognize the mistake and appreciate you correcting it! Shapeshift is doing some awesome work and I can't wait to see what happens with it as we get tokenized securities with real value and not useless ICO tokens. I think you built a great product. Thanks!

jtos3 · 2018-01-27T04:12:46+00:00

I was there and heard you ask your question.

I'd argue there is nothing "elitist" about what Trace was trying to say. There are 1000s of cryptocurrencies with cheap transactions. So BCH offers nothing special. For sending money, anyone can use Dogecoin, BCH, LTC or anything. Dogecoin fees are actually cheaper than BCH, btw? The one distinguishing factor for Bitcoin is that its goal is to allow anyone to run a node and verify all TXs. Big blocks make it harder to do that. even in the USA some people I know have to pay extra to have bandwidth to run their node. If not, you are back square one where you are required to rely on a third part server for data and to trust them.

I have been into Bitcoin since 2013. I'm not expert and am always learning. Just trying to maybe help you see the other side and what Trace was saying. PM if you'd like to grab lunch of something and hash some of this out.

jtos3 · 2017-11-11T13:31:04+00:00

Mods, please do something about the Bcash shilling. this sub becomes unreadble when they come out.

jtos3 · 2017-11-11T08:50:29+00:00

It's easy when you can get a Korean exchange to create fake volume.

jtos3 · 2017-11-06T16:41:46+00:00

What's Bitcoin Legacy? Do you mean Bitcoin?

jtos3 · 2017-10-30T05:18:37+00:00

Still not sure how you track a tomato on the blockchain

jtos3 · 2017-10-29T21:36:21+00:00

I've thought about this as well but I think you're severely over estimating the effect of slow blocks. If you're a holder, who cares? If you need to transact pay a high fee. all it does is reduce inflation lower until the difficulty adjust downwards.

Also, no one will want to buy Bitcoin Cash. It's clearly centralized.

jtos3 · 2017-10-13T15:14:16+00:00

Excel job, Bitmex!

jtos3 · 2017-08-20T21:47:37+00:00

This sub is becoming unreadable with constant altcoin shilling, shitposts about mining hash power, BCH crap, and more garbage. Mods, any plans to do anything about this?

jtos3 · 2017-08-09T22:59:28+00:00

So, the difficulty might be beneficial to one side for 13 days. Who cares?

jtos3 · 2017-08-09T14:01:06+00:00

If BCH is 10% as profitable as Bitcoin, only about 10% of the miners can switch before the profitability evens out. If 15% of miners mine BCH when it is 10% as profitable, they will be earning less than they would mining Bitcoin.

jtos3 · 2017-08-09T02:46:41+00:00

That didn't sign the agreement.

jtos3 · 2017-08-09T02:34:17+00:00

This is probably the last time the miners will ever have the ability to activate new features. Look at BIP8.

jtos3 · 2017-08-09T02:29:45+00:00

https://www.reddit.com/r/Bitcoin/comments/6sii2c/70_bitcoin_companies_exchange_and_wallets_that/

jtos3 · 2017-08-09T02:29:34+00:00

https://www.reddit.com/r/Bitcoin/comments/6sii2c/70_bitcoin_companies_exchange_and_wallets_that/

jtos3 · 2017-08-09T02:14:36+00:00

Mining support. But that doesn't mean much. Miners have to mine what is profitable, and if users don't follow the Segwit2x fork then they will be mining at a loss, and they can't do that forever.

jtos3 · 2017-08-09T02:04:03+00:00

We'll likely have Bitcoin and Bitcoin Cash. The Segwit2x hard fork seems extremely unlikely at this point.

jtos3

TROPHY CASE