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@@ -35,18 +35,20 @@ |
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<div id="faq"> |
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<h2 style="text-align: center;">Halving FAQ</h2> |
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<p>Q: What's a halving? Does that mean I'll have twice/half as many coins?</p> |
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<p> |
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A: No, a reward halving is when the fixed subsidy for miners gets cut in |
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half. This has happened twice before, and will happen many more times |
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until all bitcoins have been mined (21 million). |
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<b>Q:</b> What's a halving? Does that mean I'll have twice/half as many coins? |
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</p> |
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<p> |
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<b>A:</b> No, a reward halving is when the fixed subsidy for miners gets |
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cut in half. This has happened twice before, and will happen many more |
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times until all bitcoins have been mined (21 million). |
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</p> |
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<p> |
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Q: Who decides when halvings happen? Can this be stopped? |
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<b>Q:</b> Who decides when halvings happen? Can this be stopped? |
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</p> |
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<p> |
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A: Satoshi embedded the halving algorithm into the consensus protocol of |
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<b>A:</b> Satoshi embedded the halving algorithm into the consensus protocol of |
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the Bitcoin network. It can only be changed if every user of the |
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network decided to change it as part of a hard fork. One of Bitcoin's |
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core offerings is its fixed and unchangable monetary policy, so it's |
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@@ -57,41 +59,51 @@ |
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</p> |
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<p> |
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Q: I noticed some of your measurments here are different than those on |
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<b>Q:</b> I noticed some of your measurments here are different than those on |
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other countdown clocks. Why is that? |
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</p> |
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<p> |
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A: Since mining is a probabilistic process, it's impossible to predict |
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<b>A:</b> Since mining is a probabilistic process, it's impossible to predict |
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when new blocks will be mined. <em>On average</em>, new blocks are |
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mined every 10 minutes, but this can vary a lot. So it's hard to |
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predict <em>exactly</em> when block number 630000 will be mined, but all |
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answers will converge when the time comes. Since everyone does the math |
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slightly differently we all get slightly different answers. |
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</p> |
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<p> |
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<b>Update:</b> I've been noticing the hashrate seems to be a lot higher |
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than usual. I wrote a modified block halving ETA algorithm that bases |
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block times on the average of the recent blocks, but I won't display it |
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directly as might give too misleading predictions, or my code might be |
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wrong. You can check its answer below: |
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<br/> |
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<button onclick="updateFancyPrediction();">Check adjusted ETA</button> |
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<i><span id="fancyprediction"></span></i> |
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</p> |
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<p> |
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Q: Can I use this event to make money? |
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<b>Q:</b> Can I use this event to make money? |
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</p> |
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<p> |
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A: Probably not. But it's been observed that crypto bull markets have |
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<b>A:</b> Probably not. But it's been observed that crypto bull markets have |
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happened in the (roughly) year after each of the previous two halvings, |
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so take that how you will. |
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</p> |
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<p> |
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Q: Bull markets? Does that mean I should buy Bitcoin? |
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<b>Q:</b> Bull markets? Does that mean I should buy Bitcoin? |
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</p> |
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<p> |
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A: That's up to you. I'm not your financial advisor. Don't invest what |
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<b>A:</b> That's up to you. I'm not your financial advisor. Don't invest what |
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you can't afford to lose. |
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<!-- But also, buy Bitcoin! --> |
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</p> |
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<p> |
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Q: I have another question for you |
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<b>Q:</b> I have another question for you |
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</p> |
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<p> |
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A: I can be contacted at the following addresses... |
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<b>A:</b> I can be contacted at the following addresses... |
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<ul> |
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<li>Matrix: @trey:foobar.style</li> |
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<li>IRC on Freenode: treyzania</li> |