Bitcoin Forum

what could happen after this date?
bitcoin will fall down and the ecosystem will die because miner reward will be halved... and the blockchain will die?
or the bitcoin price will rise, because bitcoin will be more rare?

bitcoin halving count down:
http://www.bitcoinblockhalf.com/

Stop spreading FUD. This has already happened once and it has not negatively affected Bitcoin. In other words, it will not die. IIRC 2012.

no, the current value can already sustain the bitcoin halving for the miners, with the s7 miner can have profit even at $below $200 of market value

we are at 370 right now, plenty of profit for them, and you can bet your ass that we are going to increase much more prior the halving

Just like last time, nothing special will happen.

There's always much speculation when halvings happen but the reality is nothing special happens.

In theory, we should see a slight increase in the price, IF the demand for Bitcoin stay at the levels it is now. In practice not a lot happens, and the people buying and trading Bitcoin, just play around with whatever

is on offer. Do not expect a lot, and whatever happens is a bonus. The main thing would be not to invest, based on the hype going around based on what people speculate will happen. Look back to the last time it

happened, and work your way from there.

No, some people have free electricity ，or cheaper electricity, your problem does not exist

for sure, you are not talking about EU area where electricity bill is really really expensive!!!

No. If a large amount of miners stop mining, the difficulty will adjust and drop. It is very unlikely that a huge percentage of miners would stop mining suddenly given that many has low electrical fees or cheap hardwares. If it does happen however, blocks would be less frequent and transaction fees will rise, resulting in a higher payout for miner and some would switch on again.

Even if the prices would stay the same and halving would occur tomorrow, most of the miners would ROI big time. And this will never happen since I am sure that the price will increase considerably just before the halving.

So yes OP, stop spreading the FUD! Everything will be just fine!

machines just get faster and faster... once it halves the price will go up and the asic lords will find a way to get 2x the speed to make
up for it lol.

OP; The block halving will work out very well. Nothing bad will happen, don't worry. This is what gives more value to Bitcoin as currency. Worthless fiat currencies only get more worthless year after year as the governments are creating non existing money like there is no tomorrow. Bitcoin is supposed to bring a change, and that is what the halving will take care of. No more worthless creation of currency.

We will see the creation of btc going down, that's what the halving is about: BTC is not going to die because of this. IT was conisdered as a part of the plan, we know the halvings are necessary, don't worry too much about them. Miners will keep on mining.

hi Karartma1 .

what do you mean with "necessary"???

I think it's just another signpost, an indicator that bitcoin is going strong and it has come a long way and has maintained it's popularity if not gained more. What I think will happen is the price might go slightly up as the demand remains the same and supply cuts in half but one thing that worries me is that mining will become more expensive since each block will contain half the quantity of what they had before and it might make mining more centralized from what it already is.

I used the wrong word: I wanted to say that we know halvings are part of the game, a necessary part of the bitcoin creation process. That was the sense: I'm sorry, reading it now did not make much sense that word.

In the last block halving the price only went up. I am expecting to see a similar pattern this halving.

I am thinking the same thing.

I don't see why people are so afraid of bitcoin dying

It's not going to.

Do people realize that block reward halving was something intended? It was created for a reason, if it was bad it wouldn't have been made. What happened to litecoin when the block reward was halved? Nothing, really abolutely nothing.

What will happen? Here is what I think: SOME marginally profitable miners will shut down and you will see a small but noticeable drop in hash rate.

Nothing immediate will happen to the price because the event has already been priced in.

Many people don't realize this. If the block halving does not happen there will be no difference between bitcoin and fiat.

you will notice nothing...all is already regulated by the market

We won't notice any major changes in the bitcoin price but we will definitely notice a drop in the bitcoin hashrate.

Most likely, 1-2 months before the halfing Bitcoin price will start rising, I'm guessing by 60-70% but could be off some on that easy.

 At the halfing, we'll probably see a small dip on diff as folks that are paying attention realise their old mining gear has become unprofitable

 After, price will start drifting back down some - though I suspect it'll stay 40-50% higher than it was 2 months before the halfing - and a slow steady low diff increase period will begin, like first half of this year but longer - then the 14/16nm "full custom" generation will start showing up causing some big diff jumps again for a bit, then back down to "slow and steady diff climb" for a few years after that.



 Major news events or misestimates on timing will of course mess up the basis for this speculation.

There cannot be a small dip in the bitcoin hashrate, There has to be a large dip because many miners including the latest ones will become unprofitable for a while.

The same happened with litecoin. The week after the halving there was like 10% drop in the difficulty. Wasn't around in bitcoin in the last halving but my guess would be that the same happened in bitcoin.

Now is hash rate  590PH/s  how many people and companies have cheap energy from it? I'm sure that less than half.
1.There is only one decent company that manufactures miners-bitmain..thats problem
2.http://rigwarz.com/ (http://rigwarz.com/)  S7~ 196 days + 200 usd/eu for  PSU+ any fees and price fluctuation BTC  if you have 0.12 usd per kW..not many people have that price..
3.so if nothing happens in your hardware(miners) so maybe you for 240 days start the plus income.... :D
4. and then the com block halving... :D :D

This is a very delicate balance and may be impaired very easily..


apropo me the day before yesterday because of power outages and internet, burned ANOTHER my  antminer S5. But if you look in the thread where miners S5 are, you will see why and what is problem..i put there pictures and explain problems with S5 as many other people..
 This is problematic piece of hardware. I've had three pieces where one blade is dead and it is only at half power. because of the same problem!!! . s3 are great s5 is piece of sh*** cost me thousands and nothing****

The Chinese probably have half than the electricity cost you mentioned. The main problem you have here is that those chinese have bought ASICs in bulk and would almost certainly have discounts given their size. All of them aren't starting mining right now, they have started more than a year ago and most would've gotten ROI from it already.

even at 0.1 electricity and the profit 0.01 for a s7, this is still 0.3($120) with a consumption of 87, which mean that they are taking profit

they have plenty of margin witht he current value of bitoin, no need to worry

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

Some marginaly profitable miners will shut down. But the has rate will not drop. Those miners will be replaced by more efficient miners.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

I agree with you. There is no need to be uncomfortable when we hear about the block reward halving its actually a good thing.

Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.

 Most of the big farms, if not all by now, are located in low-cost electric areas.


 Avalon also.
 Probably Lketc soon, probably Innosilicon soon.


 That's close to or a little HIGHER than the average US electric cost. LOTS of folks have lower electric cost.


 That is a very easy issue to fix, with a few different options on the fix, including at least one ZERO COST fix option.


 Have you been overclocking?
 Do you use good RELIABLE power supplies?

Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.

Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.

Yes I agree, this must be the idea behind the halving. Instead of changing drastically after 4 years, it may be designed to decrease on every block. But the drastic change in supply will fire the value. The higher value will attracts many new users. This is what Satoshi must have aimed.

Look at Litecoin. Halving the reward didn't send it anywhere near its ATH.

Crypto is entering a new era where many 'official' eyes are on it now.

There is no chances for downfall of prices around halving. Because basic economic rule of supply demand will apply here. Halving will give some boost in bitcoin prices either in short term or long term but definitely will give.

I also do not have doubt on direction of the price movement, only the confusion is when will the price surge will occur, whether it will give short term impact or long term impact. I believe by 2016 end we can see the full consequences of halving.

I believe the price will rise well before the halving
I think a lot of people are aware of it and indeed probably a lot of coins are being bought up now

I think this will continue more and more the closer we get to the halving

I expect strong buying in January when people figure out how much cash they have left after Xmas bonuses and gifts are all done

Also in March/April I think people will buy a lot because it's very close then and if they have spare cash end of  the tax year.... They might Park it in btc to get some coins before the supply dwindles...

Good things in store I reckon for those who haven't given away their btc as of yet  :)

That's the same/similar pattern we had on the last bitcoin block halving. Nothing much to worry about.

In bitcoin world, a lot of things can happen in 2,32 days.

those that are holding are the minority, the majority are playing the market, the big guy with plenty of bitcoin(and they matter more) are always playing, they also do not need to hold 50k coins or how many they have

it's thanks to them that adoption will enter in play at some point, small fish will buy from them

The big guys and and people with experience is minor. I don't think the majority is playing around with their investments.

Yeah, maybe it reaches 1.000$ in 3-4 months and a few days before the halving the price goes down, at that point I doubt people would care that much since the price already peaked 1k

I am only seeing it going to 1000$+ before halving or even new all time high price. I expect it not to go very much above 1000 as most of the people will like to sell it they see that price.

The pre-halving run is what you're talkin about, the fall part of it will blow your mind. Sell now and cry forever or buy now and live forever in plentiful-ness.

The halfing might not have a lot of effect if current difficulty increases keep staying high. At the current rate, an S5 or SP20 is going to be unprofitable for most folks BEFORE the halfing arrives to put the final kill blow in on them.

 Even with cheap electric.

 It's starting to look like even VERY VERY cheap 3 cent/KWH electric might be marginal a month before the halfing.

Yes the run for catching better price before it gets too late has been initiated. That's the reason we are near to $400 levels and market may surprise us in up coming days within this week itself. I guess this will continue up to the halving to happen.

Yes there are lot of chances in this week for bitcoin prices may test $400+ levels. The sustaining prices around $380 to $390 strongly indicates it. May be $425 to $440 also possible within this week end. Halving will make bitcoin into moon or heaven.

Probably less because blocks are being solved faster than 10 min

i remember a similar pattern in LTC halving.
good pump and then a new fall down

Everyone can check the chart at what was the bitcoin price in the last halving.

I think that the price haven't changed a much at that time but after a certain time.

The halving this time will be more interesting as more people/miners are involved in bitcoin.

it was different back then bitcoin was not really notorious as it is right now, and despite this there was an increase in the price, even if not so well recognized..

At least you can make something with that so-called pump if you have the courage to get in with your coins... ;)
We people sometimes go all in believing that we might be something someday, and we at least make something, not to mention you should know when to get out of it, or you might even lose what you currently have...
According to me, at first, halving won't make any difference but will slowly get the game going by showing some small hikes of price month by month...

 Kinda right - but LTC did not drop back down to what it was before the halfing, it stayed somewhat higher.

 I expect to see Bitcoin do something similar - though it might get a bit warped by new miners showing up at a bad time to RoI them, and it's starting to look like the current rise might be getting driven by the Chinese economic issues of recent months.

232 days until everybody gets disappointed.

Yea, this is my prediction as well. I think there will be a pretty epic sell off after the halving.

It will likely happen prior to the middle of July. Lots of efficient mining gear is coming out, although the rate of manufacture is unknown.

Hhahha yeah we will see what will happen in that day.
A lot of people are just gona panic.

please stop thinking that it will happen the exact same date of the halving, this is utterly stupid, actually it is already happening, for what it's worth saying

but you guy are so stabborn to thing otherwise, it's not so beyond reality to think that the last pump that touched 500, was also due to the halving, done in disguise so only few can get profit from it

miners have plenty of coins they are also manipulators, i'm not believing that in the lean times, they dumped everything, most likely they accumulate a good stash of coins

Seems like it is announced the end of the world. Apocalypse now. Or better: the day of halving. As for me nothing will happen. Absolutely nothing. At least that day. There will be followed live the halving in one of the sites which show live the mining process and then, after would have "tasted" the first block with 12.5 bitcoin and not with 25 such, will give with its mind the last greetings to that last block. Maybe will register the exact time in order to have this knowledge for the future uses and everything will follow the everyday flow of the life. Maybe will be less miners since a few minutes after but every day enter and leave the mining of bitcoin hundred of people. So nothing new in this direction. The very new thing will be price of bitcoin. Will be reflected such event in its price? Will follow the rules of economics science a currency without economic goods which justify the amount of it in the market? Will obey to the rules of economics science a decentralized and without owners currency (and as such without no one who take care about it) when these rules are made for the centralized and owned ones (controlled and managed strictly by hundred and hundred people)? Will see us an increase of its value? And if yes will a be momentous increase or an almost definitive one (meant as a move in low margins of a fixed value)?

This is the more exciting thing. This is really a historical thing. This have rare value to be followed. This can give to much data about the possible future of bitcoin. Lets see...

You are right, everyone here, instead of being realistic, are getting more and more speculative and thinking that a lot could happen including end of the world... Everyone's behaving like the same, but as you think, even I think the same way that nothing would happen, Bitcoins will be Bitcoins even after halving, so spreading a lot hoax regarding the same that halving could +/- the price could only harm the dignity of Bitcoins and nothing...

hum...
i not agree...
btc will be more difficult to mine...
so, will be more rare and precious..
i think there will not be a sell off

well thats not too much time left i guess i cant wait for this event as it will surely have a huge impact on bitcoin and its price i hope that i will have way more money then

It sure is a good time to buy Bitcoin...well not exactly now, but when the price drops back to the 250s after it hits the roof of this current bubble.

Hmm why disappointed? Halving is already showing effects on Bitcoin price in my opinion! Look at where we were just 2 months ago, around $230. Today we are flirting with $400. And can you tell me what has so changed in the past 2 months to justify this growth? Not some extraordinary news. So yes, halving is already affecting the price big time!

BTCC (and other Chinese exchanges) started taking fiat payments directly again.

 THAT is what caused the spike last month - and ongoing Chinese economic meltdown issues seems to be what's keeping the current price rise alive.


 It's WAY to early for the "halfing price jump" to have started.

Why will the price will go up when the block halving comes? Because it is harder to get btc so it is more worthfull then now?

I don't think that's the reason that the price went up to $500. My guess is it was either the FBI auctioning the SilkRoad coins, or the MMM ponzi in China.

After halving of blocks price will not drop anymore under 400 $ and this will be bottom.Dont think much and enjoy recent movements of upwards in price of bitcoin.I expect over 500 $ price for per bitcoin after halving and I am sure of this to happen.

Cant say this other way more good but I would like to add that miners will be in profit only if price of Bitcoin are over 360$.To protect and make secure the network mining is essential so something good and positive will happen in my opinion.

With all honesty, it's still too early to speculate what will happen after the halving. Just recently we have been struggling to pass 250, and now we're over 400$ - the fact is that
it's too early to tell will this hold til halving date, but that it does seam to show optimistic - yes, definitely.

cheers

Even the halving date is too far from today, we can observe the consequences for pre-halving effects in bitcoin value day to day.
There are more surprises to be unveiled by halving in up coming days. So, speculating on them must be more interesting and a way of preparing ourselves for those surprises.

You made me laugh, bitcoin will die :P
it happened in past, halving will make bitcoin more precious and popular.Bitcoin's value will increase because of block reward halving.

in 2024 or 2028 we will have more experience about the halving...(lol)

op for sure & some of the posters of this thread seem to not consider a very basic fact:

if you run a mid-size/big/giant mining farm you are running a company. companies have to stick to certain economic rules if they want to survive.

when a company invests it calculates the outcome of the investment. the bigger the investment, the longer is the timeframe to consider. companies try to not fuck up theses calculations, because if they do, money is burned, jobs are lost, careers get ruined, etc. when you run a company that does only one thing, bitcoin mining, then every big or little calculation about future revenue of investments in miners and energy will always include the halving.

the miners know it. do you really think there are some guys out there handling hardware worth millions and then one day in june 2016 they get into their office and notice that there are making only half the coins and go belly up? "sorry mr investor, this halving came out of nowhere!"

because everyone knows. because it is a feature.  ::)

The block halving could be earlier than expected as the hashing rate is rising too fast. It is about 20% every 12-13 days.

price will rise, so buy much bitcoins as you can now, and sell them later for larger price

But there will be a lot of selling as well once it reach the price that is double to what it is prior to the halving so the price will dip again. We just don't know at what price point will it stabilize.

it will trigger some selling/ dumping but people can only dump once ..........
eventually the shortage of coins will surpass the dumping and the price will rocket
as the people who have already sold their coins are effectively out of the game  and can have no further effect
on the market

when they dump at 800 or whatever and the price keeps on rising they will be unable to afford to buy back in .....:)

you can dump your coins only once, you are right, but have you guestimated what happens if the real whales start to take their gains?
With already mined coins it is possible to move the market arbitrally low, no matter halving, if a whale decides to do so. There are some really big pockets from the early days of Bitcoin who still wait for their moment to take the winning bet. Therefore, I would be very careful predicting $800 and beyond.

Yes. I think the halving will have less effect on the price in the future. We already have many coins.

yes,
The halving effect will be lower this time and very more in 4 years...
But the effect will be hard this time for miners and very hard in 4 years.
if new mineware are found...then it will impossible to mine for old ones with profit.

I think there will happen a lot with the bitcoin before the halving and after the halving has been done, you should think about all the people that are waiting on it, we all have to be patient.

I think if the bitcoin block size will happen a lot of people will make a lot of profit by the bitcoin including my of course, I'm just waiting on the bitcoin.

I'm not sure the effect of halving will be the one expected...

I mean logically less mining reward means less btc supply means higher prices no?

Well in theory.
But from a practical point of view, I'd say that the halving will mostly only mean a HUGE dump of the massive accumulation of last months.
So I'd bet on a huge price crash in fact!

10 months after the last halving, the price went from tens of dollars to thousands of dollars.

Last halving, the effect was dramatic, the price rose to $1200 from $12. This time, it should be much lower, maybe from $500 to $5000.

$500 to $5000 is very very very  high...
$300 to $1000 is more realistic...

Come on, let's first get to $500. It won't be that easy to first get there and then maintain that level. $5k per Bitcoin just because of halving is a complete dreamland, and doesn't need to be further commented.
Would be good to have sci-fi section on this forum, to move such threads there. Reality in 2016 may be very painful for many users of this forum, I am afraid.

The price will rise so its a very good thing this is happening this year is a very good year for the bitcoin.
I think it will have a positive affect and it will in my opinion even let the community grow because of the halving.

You are right, 500 dollar to the 5000 dollar is a bit to high search if you asked me, I think its possible but it will take a lot of time before it can even reach this amount.
Also if you think about the point the bitcoin earlier did rise from a low level to a high level its possible, but right now its highly unlikely due the marker.
The 300 dollar range to a 1000 is possible this year, I even think this will happen when the halving has been done because that is in the range of the bitcoin right now.
Of course its not to predict maybe the bitcoin is even gonna rise to a higher level this year.

When i write this, it is even less that 100 days now, and of course that price will rise, i thought that everyone know this small fact, miners will get 50% less so price will have to go up

This has happened before? What was the result in this an significant increase or a slight decrease in the price? I am thinking it bounced back but am hard pressed to believe there was no effect positive or negative at that time due to this happening.

Anyone can point out the obvious price points.

But whats interesting here is if this halving cycle is different from the last since we are closer to the hard coded #.

Then again I can be wrong and its the same as last halving reaction which is very minimal.

No, there is no way the next peak will be lower than the one in 2013.....

It will smash $1200 AND KEEP GOING.....

I think so. The $1200 price is achievable if there is not any major disaster fro the bitcoin in the next 12 months.

After the recent price correction, the price will go to $800 during the halving time. The longer the correciton, the higher the price.

In any event, it will be interesting. Personally, I can not wait  :D

Currently, I must admit that I'm very optimistic. Currently, halvening, Brexit and latest event China weakens Yuan, Bitcoin could only benefit from this. If you ask me for my opinion ~$3000 in the next month or two.

The halving is just 5 days away. It is sooner than expected due to the rise of the bitcoin mining hashing.

everyone knows that, there is no need to state the obvious

i think those are just going to be some low prices when bitcoin will start growing because the price has a lot of potential to become bigger and bigger before the halving

in my opinion we reach a new all time high really soon really easily hopefully, though those are just some wild predictions to be honest and nearly anything might happen

We can reach $1000 by the end of this year. But a new all time high of $1200 could be reach some time in 2017.

If the price reaches $1200 or higher, there could be a big bubble forming. It is better for the price stops at $1000.

At least for the time being, there is no big bitcoin price bubble. I think the whales are not manipulating at the moment.

well i doubt that it is true right now, i think that the whales are not manipulating the price right now, i think that all of the people can move the price not only the whales

We can only move the price 1 to 2% a day. The whale ca move the price 5 to 10% per day. They are more powerful.