Post
Topic
Board Beginners & Help
Merits 39 from 16 users
Topic OP
[CFNP] Educational giveaway | guess first Bitcoin Block in 2020 [9.5 mBTC]
by
1miau
on 30/11/2019, 20:35:57 UTC
⭐ Merited by dbshck (8) ,suchmoon (7) ,LoyceV (4) ,SFR10 (4) ,DdmrDdmr (2) ,vapourminer (2) ,crwth (2) ,El duderino_ (2) ,dkbit98 (1) ,Last of the V8s (1) ,Souri (1) ,pooya87 (1) ,Heisenberg_Hunter (1) ,hosseinimr93 (1) ,OgNasty (1) ,Mia Chloe (1)
[Closed for new participants]

Instead of guessing the last numbers of a random block hash or the BTC-price at a defined date you need to guess Bitcoin’s first block in 2020, the next decade which will hopefully be a good one for BTC.
I’ve chosen that special type of giveaway to encourage users doing research about Bitcoin’s block creation process. Predicting a block mined at a specified time can be anticipated to a certain degree when you know about the factors how block generation process is done. Important questions related to this giveaway:
- How many blocks are generated per hour?
- What does mining difficulty mean?
- What’s a mining difficulty adjustment?
- When are such adjustments done?
- How is BTC price affecting miners and therefore also mining difficulty and block generation process?
…

For detailed explanations how you calculated your nominated number, I might give some Merit in addition.
Of course, it requires a good portion of luck because all the factors are very volatile and until 2020 it’s still a long way to go.



To win this giveaway you have to predict the first block mined in 2020. The one coming closest will win the prize. Should we get a tie, the money will be divided equally. Relevant time is CET (Berlin time) after 23.59.59.


First place: 6 mBTC:  

______________________________
1miau5 mBTCpaid
Royse7771 mBTCpaid


Second place: 3.5 mBTC:

______________________________
1miau2.5 mBTCpaid
Royse7771 mBTCpaid


If someone wants to donate a few mBTC to the prize pool, feel free to leave a post. Wink
Every donator sends his allocated amount directly to the winners after it has published its address in 2020.


Rules (Please read! If you are caught not reading the rules, I reserve the right to reject you):

  • Each user can submit 1 number.
  • You are not allowed to edit your post later. Once on the list, your number is set, so choose carefully!
  • To prevent cheating, your account needs to have at least 5 earned Merit, airdropped Merit doesn’t count.
  • Don’t have valid negative trust from DT on your account (negative trust: more negative feedback than positive feedback).
  • One account per person, please be honest. If someone uses multiple accounts to abuse my giveaway and I catch you, you and your alts will get negative trust.
  • The deadline for participation is 06.12.2019 at 23.59.59 CET (Berlin Time) 08.12.2019 at 23.59.59 CET (Berlin Time).


Note: it can take a while until I’ve time to edit the list.

Good luck everyone!  Smiley Smiley