considered to have an implicit input equal in size to the subsidy, followed by an input for every fee-paying transaction in the block, in the order that those transactions appear in the block. The implicit subsidy input carries the block's newly created sats. The implicit fee inputs carry the sats that were paid as fees in the block's transactions. Underpaying the subsidy does not change the ordinal numbers of sats mined in subsequent blocks. Ordinals depend only on how many sats could have been mined, not how many actually were. === Specification === Sats are numbered and transferred with the following algorithm:
# subsidy of block at given height def subsidy(height): return 50 * 100_000_000 >> height // 210_000 # first ordinal of subsidy of block at given height def first_ordinal(height): start = 0 for height in range(height): start += subsidy(height) return start # assign ordinals in given block def assign_ordinals(block): first = first_ordinal(block.height) last = first + subsidy(block.height)