Bitcoin Forum

An opinion is an opinion and you are entitled to your own opinion, but guess what i have an opinion that somehow views the possibility  of future bitcoin mining after bitcoin halving.

I will not talk about halving or discuss it deliberately... What i want to show is that the bitcoin halving will greatly affect the difficulty on mining and the price of bitcoin. Indeed the difficulty will be x2 or x3 than it used to be and many mining sites will have to increase the prize of their hashpower or their maintenance fee.

That is a bad news for miners but a good news to those who have bitcoin stocks. it is time to hoard your bitcoins...The possibility is majority of the critics have analyzed that bitcoins prize will times 4 its present value this june 2016.

So its your choice to mine or not to mine, but make sure to hoard your bitcoins it will offer you great rewards next year.

I think price will not rise much more and difficulty will drop quite a bit. So we are pretty much on the opposite side of the fence.  But I am holding coins and hoping I am wrong and you are correct.

I think that difficulty will go down,  with only 12.50 btc of reward mining will not be profitable for users with high electricity cost. But difficulty could increase in case that price of bitcoin have a big increase, and users buy new miners (more efficient).

probably we our opinion or seems price will be rise :) but if going ı, they nonworker if will start the work diffucult eruptivelyp in this way , will something different because there is a lot of old mining hardware

We'll find out in 32 days :)

http://www.bitcoinblockhalf.com

The only thing is that having is not a secret so investors know now about having.  So I'm not sure the day of or right after there will be this huge jump.  I think we are seeing some gain's already of investors already buying coins.  So they won't wait till having I don't think.

Having will be interesting but I think price will not go crazy right away.  I hope I'm wrong though and value shoots up like crazy.

I'm looking at it mathematically. In theory the halving will make Bitcoin's price 2x what it is, simply being it becomes twice as scarce. Well this is not actually what is going to happen. Let's look at some key factors:

1) New s9 is shipping out june 12th. This promises mining with AT LEAST 2.5x less power. (.1j/gh as opposed to the s7 .25j/gh)

2) Mining being 2.5 more efficient with new machines means that while the old machines stop, there will be huge influx of petahash from the new extremely more efficient miners, while s7 will probably still be profitable, if only a little.

3) More efficient means that miners will sell their coins for 2.5x less than they normally would because it costs them that proportionate amount less to mine them.

So, all things considered, I think it will be almost entirely similar on a mathematical scale. What changes is people's mind with Bitcoin supposedly being half as abundant, which I think is why we're already seeing a rally to try and speculate what price level it will be at.

In short, Bitcoin supply is going down by 1/2 but the mining machines are 2.5x more energy efficient. So in straight math form, Bitcoin should actually drop in price from the halving by 25%.

if in case, unless bitcoin price is doubled after halving, the price of miners will be down for at least 1/4.
bitcoin price is now going up though, however, the mining competition is more fierce even with halving.

Good starting point. Next, you take into account the human factor. Emotion + FUD + media + rumors = Who knows.

I agree with this. I feel that mines that are just making profit right now or mines using older equipment will fall because it will be the efficiency era. Or free electric, like I get and ill be looking for older tech cheap and run it. But in hoping for the other, all the coin i mine from this point on will stay that way.

Well I mine LTC so my difficulty is static. If ltc follows btc as it has at say 0.008 ltc to btc I may
be fine

Or if I'm wrong enlighten me

Thank you haha. Yes, it is very unpredictable in that way. As far as I can tell, the halving only creates a bull market for Bitcoin as the perceived value and rarity doubles. Notice how I said "perceived" haha.

Well as now, there are no big issues pertaining litecoin and also there are no problem producing high volumes of litecoin like btc does. So i think you will be ok.

How I got in this situation I posted on another thread. (ie dumb luck) for anyone interested...Just buy BTC or LTC less stress :)

https://bitcointalk.org/index.php?topic=1494769.msg15135460#msg15135460 (https://bitcointalk.org/index.php?topic=1494769.msg15135460#msg15135460)

But like all things crypto...it is like walking on Alligators across a stream..one slip and blamo you are lunch :(

Thats normal in business, there will be moment that you will earn small or big and there will be moment that you will lose small or lost all.

I'm afraid that halving will make miners increase the bitcoin transaction fees, which might not be nice.

I honestly think mining will remain unchanged. Just because the new machines that are so efficient and the price seems really stable at the current range it rallied to. I mean who knows though, on that day I think we're all expecting something big and crazy to happen.

I hope the used older miners like S2 or S4 halves in price after the halving. For the ones with free electricity these are still good option to mine some BTC. The new miners are just overpriced in my opinion.

I hope what you said is not true otherwise we will lose a lot of bitcoins in the process. Hope it will not happen...But if it happens hope there will be measures to solved it immesdiately,

i had been talking about increasing the maximum limit of bitcoin supply limit, however due to its value, it is not possible to address this kind of problem. miner fee increase is the only method to encourage miners, and bitcoin core is doubling the limit around 2017.

You're using the word "limit" when what you intend to be saying is "block size limit."