Bitcoin Forum

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

The block reward to miners will be reduced by half, from 25 to 12.5BTC as it has happened from 50-25.

ok when last bitcoin mined will miner keep working for transaction confirmations?

They will earn from tx fee at that time. People will pay more tx fee to get their tx included. If miners stop working the ecosystem will stop.

no your confusing the amount of intrinsic value with the reward of the block

number of satoshi per btc will always be the same, it would be hilarious if they wanted to change that too in the future

is that mean we will pay more fees after the halving, isn't it ??
i just dont get it, the recommendation of the fee right now is 0.0001 Bitcoin and can average to around .04 cents USD, how much exactly the amount we should pay after the halving?

he probably means that in the year 2140 where there is no more block reward as an incentive for the miners, they (maybe) will ask for higher miner fees for our transaction to be included in a block, the increase in the suggested minimum fee per KB can happen now but there is a very small chance of that currently

there is no last bitcoin, the reward of mining a block halves on the set intervals, so they will always earn something. also remember that what miners are earning is the combination of block reward and transaction fees and the amount of fees can change in the future to make mining still profitable for miners.

Actually, the bitcoin has a limit which is 21 Million Bitcoin, and that's why there's a halving in the first place, so we won't ran out of bitcoin easily :P
It would take about 20 years to mine 21 Million bitcoin

After that the miners will relies on the Tx fee from mining :)
No need to worry about that for now, 20 years is a long time

from the word itself, half.. halving means cutting the production into half,all of us bitcoin owners will benefit on this coming of halving

Some people think of the halving like it is stock and BTC is not stock.  My question is how long it will be before it halves again and again.  Really, will people even bother mining when it halves down to less than 4BTC?

About every 4 years, every 210,000 blocks. It occurs similar to how the difficulty adjusts.

Think of it like this, those who want to have transactions included will need to pay more to be included, also with less of a reward that means every day less BTC will be generated from nothingness (mining), if demand stays the same but available new supply decreases what do you think would happen?

I would be concerned that as this happens, more miners will go offline and stop processing.  This would lower the value of the bitcoin if I am correct.  Why would we want to pay more in transaction fees when we can revert back to credit card processing?

Because as of now and even into the foreseeable future an "increase in fees" is still minuscule in comparison to the amount a credit card processor charges, while also needing to worry about chargebacks, rolling balances. What you are saying is if less people are confirming transactions the value of BTC would be lower, my thought is those that stay will profit more as they have a larger piece of the pie.

Paypal charges 2.9% + 30c per transaction, BTC charges 0.0044799000 cents per kb.


Business' also look at transactions with risk, a coffee shop won't require you to wait for your $1 transaction to confirm before giving you your drink. The value of that drink was much less than $1. Big ticket items they would require you to wait, but then again they would require you to pay a transaction fee, the hope in the future would be for them to provide discounts to offset this as they won't be charged as much from credit card processors and insurance, but this would come as adoption increases.

Why would the value of bitcoin be lowered when there go miners away? First: the fee is at this moment a small amount in comparision with the blockreward, second: Miners are profit driven, and when the profit of mining and fees lowered after the halving there wil be miners go offline but the miners who stays share the fees and block reward with a smaller group of miners so the profit is rising. You can say that the market for mining has always a point of equilibrium. And we don't have to pay a bigger fees.

I think
More people love BTC in future -> more tx -> greater tx fee sum. Even with the fixed fees

In future fee rewards for mining will become greater then discovering reward.

No, 100 mill. satoshi will always be 1 BTC.
Halving mean that block reward drop from 25 BTC to 12.5 BTC.
For 4 years, block reward will be halved again to 6.25 BTC

We should remember that halving is a good and big event, whenever it will come it will give a big profit for us. Secondly, when halving will be finished, than automatically bitcoin's price will come in his own price.

oke Let google explains it
https://www.google.com/search?q=block+halving+bitcoin&oq=block+halving+bitcoin
and some people above introduce it

better to google your answer before posting  ;)

only a reduction in the number of mining blocks. the first of 50BTC will continue to be reduced divided into two. for this year if I'm not mistaken BTC / block will be 12.5BTC

so it does not change the number of bitcoin 1 BTC will remain = 1000mbtc = 100 mil satoshi

The price will up, half btc for mining

Right now there's tons of production and demand. As production decreases, it's logical to assume that demand will follow, making each Bitcoin worth more than it is currently. As long as there's consensus within the community that prices will increase and buying is encouraged, prices will most certainly go up.

There rewards for mining bitcoin will be dropped to half so hopefully there price will increase

People was expecting a moon even after the LTC halving, but nothing happened, I'm not really optimistic about a btc pump after its halving

And that is also profitable for us, when the price will come down, because it is a good chance to buy the bitcoins again in less price and save it now again, and when price will be increased to sell it. on one can say that it is useless idea. 

The bitcoin halving is where the block rewards will divided into 2. As of now the block reward is 25 so when the halving comes the 25 will be 12.5 and there is a high possibility that it will skyrocket up to $1000 per piece after halving so it is advisable to store bitcoin as much as you can because you can make a lot of money from it.

The best explanation and graphical representation of what is Halving can be found here - http://www.thehalvening.com/#3 (http://www.thehalvening.com/#3)

Just a reminder - we are only 35 days away from the halving and considering current bitcoin price is so high maybe buying BTC now is not that bad idea?

yes maybe it is a good idea everyone waiting halving hope come with a good news

It means that BitCoin will be generated at a slower rate=bitcoin becomes "rarer" and therefore more valuable.

halving means control supply

A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money

---

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They could always add a 9th decimal place, LOL.

this maybe can increase your knowledge for bitcoin halving http://www.coindesk.com/making-sense-bitcoins-halving/ (http://www.coindesk.com/making-sense-bitcoins-halving/)

No it doesn't reduce a bitcoin from 1 to 1/2 it halves the book size from 50 bitcoin to 25 bitcoin. I'm not sure how it will effect the blockchain though.

Incorrect:

"This reward, initially set to 50 BTC, fell to 25 BTC in late 2012. Sometime next month, this number is expected to fall to 12.5 BTC. This event is known as a "halving"."

--http://www.coindesk.com/making-sense-bitcoins-halving/ (http://www.coindesk.com/making-sense-bitcoins-halving/)

Halving is where the block reward will divide by 2 and it causes for the stocks to be fewer than before and it also increase the mining difficulty and other people say that in this event there is a high possibility that we can earn a lot of money because a lot theories says that the price of bitcoin will be doubled.

Well, it basically means that the bitcoin block reward will be halved when the halving date hits, however, this would also mean a decrease in the bitcoin supply that is generated from miners.

And that would lead to a higher price level theoretically.

Nah, it doesn't mean that at all. It means that the block reward is going to halve, which means it will go from currently around 25 BTC a block reward + TX fees to 12.5 BTC a block.

In no way will it mean 50 mil satoshi = 1 btc lol.

BTC price will go up, but the halving process may also disrupt the network, so on the end it will probably look like a pump & dump.

The equivalent of 1 bitcoin will not change the only thing that will happen is the block reward will be divided into 2 from 25 to 12.5 so it means that the stocks were getting fewer and it will result for price increase.

Btc is different to ltc..the halving that happened before on bitcoin makes the price of it go up..
And right now another halving is coming,,it will happen  again what it did before.

Halving from the word itself "half"  for example from 24 it will become 12 when halving starts,,how i wish halving will triple the current price of bitcoin right now.

so it means less supply and that is why people sure that the price will go higher?

What is the time period between halvings?

It's a every 4-year reward halving schedule if i'm not wrong.

Halving mean Halving. when it is coming than bitcoin price automatically increasing like in this period bitcoin's price is growing, and it is coming after 4 years ago, now it is halving time, and it is coming in July, and everyone is waiting for it and i am also waiting the halving, because it is my first time and i want to utilize it and i want to get profit from it, and also i wana see how to use it on the right time. 

That is the hope - and it looks like it's panning out. Of course the price could drop to $400 again - in which case it would be more like the Reaping as opposed to halving.

Halving is a time that bitcoin increase its value, thats the know of the other bitcoin user but the mean of it for me is, halving is like in market that the product will hoard the half or the many product so that the demand will rise and the price of it will increase. But i think in halving theres a chcane that the price of bitcoin will not rise if all of tge user knew about it.. Who is the buyer even if the price of it will rise.

It depends after all we dont know what will be the value of bitcoins afterhalving .. but that count of staoshi will remain

you are totally wrong, your bitcoin will not be reduced at all. Halving will only have an impact to the miners and if halving not be offset by price increases, so the miners will be losers.

Glad I found this thread, I was on the same road like you. Didn't knew what halving is ;D

NO..  the count of satoshi per btc is constant from what I know... Its just the price of btc might change

The count of satoshi per btc is the same it will remain constant .. its just the price that will change

 btc will remain as 100 million satoshi .. thes no changes there its just that the price might increase or decrease

On halving the Reward of solving a Block Remains Half and The price of Bitcoin will be Rise to a High Point.....