Title: Bitcoin halving table Post by: davidwpenny on December 12, 2014, 08:24:07 AM Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.
Title: Re: Bitcoin halving table Post by: redsn0w on December 12, 2014, 08:35:45 AM Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins. check this site : http://bitcoinclock.com/ it will be helpful for you . Title: Re: Bitcoin halving table Post by: Totscha on December 12, 2014, 08:39:19 AM There are sites for Bitcoin and Litecoin that are somewhat reliable. The exact date depends on the hashrate until then, and the other altcoins mostly have very large swings so the estimates are very inaccurate.
http://bitcoinclock.com/ (http://bitcoinclock.com/) http://bitstacks.org/litecoinClock.html (http://bitstacks.org/litecoinClock.html) Title: Re: Bitcoin halving table Post by: newIndia on December 12, 2014, 09:38:41 AM Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins. The date & time u'll find are just estimation. For bitcoin, reward gets halved at every 210,000 blocks found. Now, the estimated date & time will vary depending on how fast the blocks are found. Title: Re: Bitcoin halving table Post by: Q7 on December 12, 2014, 11:50:10 AM I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder....
Title: Re: Bitcoin halving table Post by: dreamspark on December 12, 2014, 12:08:24 PM I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder.... 1800 BTC a day less is very likely to cause a price increase. That coupled with the expectation of a price increase around the halving will likely make it a self fulfilling prophecy. Title: Re: Bitcoin halving table Post by: mlferro on December 12, 2014, 12:45:18 PM Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins. check this site : http://bitcoinclock.com/ it will be helpful for you . thank you for the tip site up! was very most useful Title: Re: Bitcoin halving table Post by: redsn0w on December 12, 2014, 01:11:00 PM Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins. check this site : http://bitcoinclock.com/ it will be helpful for you . thank you for the tip site up! was very most useful You're welcome , I'm waiting the next block reward halving [~ 31-07-2016] -- (I really want to see what will happen to the bitcoin price). Title: Re: Bitcoin halving table Post by: elephantas1 on December 12, 2014, 01:27:36 PM it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?
Title: Re: Bitcoin halving table Post by: Totscha on December 12, 2014, 01:46:55 PM it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x? No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Title: Re: Bitcoin halving table Post by: bornil267645 on December 12, 2014, 01:49:17 PM Lots of speculation about the Bitcoin halvation but no way to tell the specific date.
Title: Re: Bitcoin halving table Post by: dserrano5 on December 12, 2014, 01:54:30 PM Lots of speculation about the Bitcoin halvation but no way to tell the specific date. (northern) Summer '16. Title: Re: Bitcoin halving table Post by: Totscha on December 12, 2014, 01:56:02 PM Lots of speculation about the Bitcoin halvation but no way to tell the specific date. (northern) Summer '16. ish... :) Title: Re: Bitcoin halving table Post by: justusranvier on December 12, 2014, 04:06:36 PM Lots of speculation about the Bitcoin halvation but no way to tell the specific date. (northern) Summer '16. ish... :) Title: Re: Bitcoin halving table Post by: Sindelar1938 on December 12, 2014, 04:24:42 PM Last time I did the math, we were on track for the next halving in May/June 2016
Title: Re: Bitcoin halving table Post by: LiteCoinGuy on December 12, 2014, 04:35:32 PM I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder.... 1800 BTC a day less is very likely to cause a price increase. That coupled with the expectation of a price increase around the halving will likely make it a self fulfilling prophecy. i would make a bet that we are not at 350 USD in mid 2016 ;) Title: Re: Bitcoin halving table Post by: 1Referee on December 12, 2014, 04:39:27 PM At some point blocks were worth +$25,000 with Bitcoin being worth $1000 with a much lower difficulty than now.
And currently it's only $8700 per block, and the difficulty still went up. Regardless of what the block rewards are, people will continue with mining if the price is high enough. Title: Re: Bitcoin halving table Post by: hyphymikey on December 12, 2014, 05:20:13 PM Does anyone know how much the date can change? I thought each difficulty change would put us back on track for the normal date of halving. So when we got closer wouldn't the difficulty adjust accordingly and put us closer to the exact date?
Title: Re: Bitcoin halving table Post by: kilminukas on December 12, 2014, 05:38:57 PM it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x? No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Title: Re: Bitcoin halving table Post by: jonald_fyookball on December 12, 2014, 07:05:21 PM it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x? No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Not necessarily, no. Price is based on supply and demand. We don't know what the demand will be, all we know is the supply rate of NEW coins being created gets cut by half. We know it will have a general upward effect on price (compared to keeping the subsidy reward at 25 BTC) because the rate at which the supply is increasing is slowing down by half, but no one can predict the price. Title: Re: Bitcoin halving table Post by: MicroGuy on December 12, 2014, 09:47:11 PM i would make a bet that we are not at 350 USD in mid 2016 ;) http://aussiememes.com.au/media/created/how-about-1.jpg Title: Re: Bitcoin halving table Post by: keystroke on December 12, 2014, 10:28:57 PM It could be pulled forward yet again as more powerful ASICs come online sometime during the first half of next year.
Title: Re: Bitcoin halving table Post by: LiteCoinGuy on December 12, 2014, 10:39:30 PM i would make a bet that we are not at 350 USD in mid 2016 ;) http://aussiememes.com.au/media/created/how-about-1.jpg i would bet...lets say... 1000 USD :) Title: Re: Bitcoin halving table Post by: fryarminer on December 13, 2014, 05:57:22 AM I think too many bitcoins are currently being generated. The market is being saturated with new coins and not enough people buying the ones generated each day, hence the price staying where it is. I'm looking forward to the halving.
My guess is that by that time there will be much demand to buy, since many businesses will be accepting BTC, so it will be the opposite phenomena, we will need more Bitcoin to satiate the demand, whereas mining will half. So the price will go up. Title: Re: Bitcoin halving table Post by: freedomno1 on December 13, 2014, 11:32:28 AM Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins. Just refer to the sticky in the economics section of the forum https://bitcointalk.org/index.php?topic=130619.0 Shows you in detail, for other crypto coins you would need to determine production rate etc so it depends. Another source is the bitcoin wiki if you want more details under controlled supply. Title: Re: Bitcoin halving table Post by: maurya78 on December 13, 2014, 01:19:30 PM We are broadly on target for April/May 2016 the last time I saw someone work it out
With diffculty finally falling, curious if the math has changed Title: Re: Bitcoin halving table Post by: Amph on December 13, 2014, 01:45:47 PM the important thing to know is the next halving, in 2016
Title: Re: Bitcoin halving table Post by: kilminukas on December 13, 2014, 08:05:40 PM it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x? No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Not necessarily, no. Price is based on supply and demand. We don't know what the demand will be, all we know is the supply rate of NEW coins being created gets cut by half. We know it will have a general upward effect on price (compared to keeping the subsidy reward at 25 BTC) because the rate at which the supply is increasing is slowing down by half, but no one can predict the price. Title: Re: Bitcoin halving table Post by: redsn0w on December 13, 2014, 08:13:37 PM ..snip.. hmm so if they price stays the same would it be profitable to mine at all? I don't know , but maybe if you have a free electric energy (*plus an hardware machine at the correct price) it is always profitable. I think before the next block reward halving the price will rise a little up. Title: Re: Bitcoin halving table Post by: jonald_fyookball on December 14, 2014, 03:57:44 AM it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x? No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Not necessarily, no. Price is based on supply and demand. We don't know what the demand will be, all we know is the supply rate of NEW coins being created gets cut by half. We know it will have a general upward effect on price (compared to keeping the subsidy reward at 25 BTC) because the rate at which the supply is increasing is slowing down by half, but no one can predict the price. Its always profitable for someone, but too competitive these days for most folks unless you're running a serious operation. Title: Re: Bitcoin halving table Post by: botany on December 15, 2014, 06:04:22 PM ..snip.. hmm so if they price stays the same would it be profitable to mine at all? I don't know , but maybe if you have a free electric energy (*plus an hardware machine at the correct price) it is always profitable. I think before the next block reward halving the price will rise a little up. A lot of people are hoping that will happen. One year isn't too long to hold your bitcoins. :) |