Bitcoin Forum

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 .

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)

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.

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.

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).

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%

Lots of speculation about the Bitcoin halvation but no way to tell the specific date.

(northern) Summer '16.

ish... :)

Probably.

Last time I did the math, we were on track for the next halving in May/June 2016

i would make a bet that we are not at 350 USD in mid 2016  ;)

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.

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?

Would the price increase 2x then?

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.

It could be pulled forward yet again as more powerful ASICs come online sometime during the first half of next year.

i would bet...lets say... 1000 USD  :)

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.

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.

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

the important thing to know is the next halving, in 2016

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.

Its always profitable for someone, but too competitive these days for most folks unless
you're running a serious operation.

A lot of people are hoping that will happen.
One year isn't too long to hold your bitcoins. :)