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Title: Block Value drop Post by: frozenkai on August 17, 2012, 02:29:56 AM I heard in about 110 days the value will decrease on bitcoins?
What is that all about? Title: Re: Block Value drop Post by: vampire on August 17, 2012, 02:31:27 AM I heard in about 110 days the value will decrease on bitcoins? What is that all about? More like value of bitcoins will increase... In 110 days the bitcoin supply will halve, i.e. miners would receive 25 bitcoins per a solved block instead of 50 as today. Title: Re: Block Value drop Post by: drakahn on August 17, 2012, 02:32:37 AM The block reward halves approx every 4 years, not the value of bitcoin but the new supply, the reward for mining.
Title: Re: Block Value drop Post by: frozenkai on August 17, 2012, 02:54:07 AM So mine as much as you can now?
Title: Re: Block Value drop Post by: mccorvic on August 17, 2012, 02:54:50 AM So mine as much as you can now? Mine as much as you can always. Title: Re: Block Value drop Post by: BkkCoins on August 17, 2012, 03:12:54 AM Keep in mind that the block value drop is equivalent to the block difficulty doubling. And we've already seen that happen over and over. And reverse and then recover again. I expect we'll see some volatility as people come to terms with it but we should also see the difficulty drop as some miners drop out, balanced by a price increase perhaps.
I'm beginning to miss last Xmas when mining was much easier. C'est la vie. Title: Re: Block Value drop Post by: Stephen Gornick on August 17, 2012, 03:29:26 AM I'm beginning to miss last Xmas when mining was much easier. C'est la vie. Actually, mining profits per mhash/s are at a level nearly twice today (when considering the cost of electricity being at typical U.S. residential rates) than they were last Christmas. This is thanks to a much higher exchange rate today -- up way more than the increase in difficulty. - http://blockchain.info/charts/miners-operating-profit-margin Title: Re: Block Value drop Post by: tvbcof on August 17, 2012, 03:36:12 AM Keep in mind that the block value drop is equivalent to the block difficulty doubling. And we've already seen that happen over and over. And reverse and then recover again. I expect we'll see some volatility as people come to terms with it but we should also see the difficulty drop as some miners drop out, balanced by a price increase perhaps. I'm beginning to miss last Xmas when mining was much easier. C'est la vie. I would not expect the events to be equivalent. In the block value drop case, fewer BTC are entering the market which changes the supply/demand curve. If there is fiat entering the system hoping to find BTC when this event occurs I would anticipate that BTC values would rise when measured against fiat...unless the event is fully priced in by the time it happens at least. Title: Re: Block Value drop Post by: jjiimm_64 on August 17, 2012, 04:18:27 AM I'm beginning to miss last Xmas when mining was much easier. C'est la vie. Actually, mining profits per mhash/s are at a level nearly twice today (when considering the cost of electricity being at typical U.S. residential rates) than they were last Christmas. This is thanks to a much higher exchange rate today -- up way more than the increase in difficulty. - http://blockchain.info/charts/miners-operating-profit-margin I am with the first guy, i was hoping they stayed at 5 bucks for the whole year, so i can save more of them. edit: meaning the diff would not have increased so much as miners with expensive electricity were not mining.....as much Title: Re: Block Value drop Post by: BkkCoins on August 17, 2012, 04:23:50 AM I'm beginning to miss last Xmas when mining was much easier. C'est la vie. Actually, mining profits per mhash/s are at a level nearly twice today (when considering the cost of electricity being at typical U.S. residential rates) than they were last Christmas. This is thanks to a much higher exchange rate today -- up way more than the increase in difficulty. - http://blockchain.info/charts/miners-operating-profit-margin I liked it better when I was making more BTC. Also my track record for knowing when to sell at the peak is poor. Otherwise I'd just sell high and buy more when it drops. Easier said than done. |