The probable first block for of 2020 will be 610535
As per the normal calculation, we have 144 blocks each day. It's almost 6:00 AM CET (Edit- It was when I started writing this post, it took me almost 30 minutes to write this post.)
We have 30 days & 18 hours to go.
30*144 + 18*6 = 4428
The current block is 606110
Probable block will be 610538 but I have reduced 3 blocks because current block was mined almost 26 minutes ago.
My prediction- 610535
- How many blocks are generated per hour?
- What does mining difficulty mean?
- Whats a mining difficulty adjustment?
- When are such adjustments done?
- How is BTC price affecting miners and therefore also mining difficulty and block generation process?
I'm very much newbie & have almost zero knowledge on mining. Had some researched & I would like to assist newbie so that they can understand how things happen.
- 144 blocks are generated per day, so 144÷24= 6 blocks per hour. It can be lower as well sometimes or even higher. That's why we say average block time is 10 minutes.
- Mining difficulty is measurement of generating of a block.
I'm confused here to be honest.- To keep up the average block times of 10 minutes, mining adjustment happen which ensure the emission rate of bitcoin are not oncreasing/decreasing. For instance; maintaining 144 blocks = maintaining 144*12.5=1800 BTC per day.
- On every 2016 blocks, mining adjustment happen.
- When BTC price increases, number of miners also increases; as a result the difficulty also increases. Because of many miners into the process, I guess block generation get easy.
Confused againI have taken some info from a thread for learning the 5th number question.
Thread-
https://bitcointalk.org/index.php?topic=2344801.0