Bitcoin Forum

Economy => Speculation => Topic started by: AakZaki on May 29, 2016, 01:23:30 PM



Title: [ASK] Halving Day?
Post by: AakZaki on May 29, 2016, 01:23:30 PM
what is meant by " the halving " I find words in some market chatter ?


Title: Re: [ASK] Halving Day?
Post by: BurtW on May 29, 2016, 01:24:54 PM
Please Google "Bitcoin Halving"

Reward-Drop ETA: 2016-07-10 11:05:29 UTC (6 weeks, 2 hours, 40 minutes)

From:  http://bitcoinclock.com/


Title: Re: [ASK] Halving Day?
Post by: bitdumper on May 29, 2016, 01:28:36 PM
The only source of bitcoin generation is mining and miners are getting currently 25 btc per block. To control money supply the reward reduces and it is going to be 12.5 btc.


Title: Re: [ASK] Halving Day?
Post by: Quartx on May 29, 2016, 01:30:20 PM
http://www.bitcoinblockhalf.com/

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins. There is approx 151,600 blocks left before mining rewards is 1/2ed. Which means some changes like people stoping mining farms as no longer profitable or new s11 comes out with much faster hashrate efficency


Title: Re: [ASK] Halving Day?
Post by: keepall on May 29, 2016, 04:15:05 PM
What do you think about the bitcoin and altcoin price after this?


Title: Re: [ASK] Halving Day?
Post by: BurtW on May 29, 2016, 04:49:02 PM
What do you think about the bitcoin and altcoin price after this?
Again, just search for "halving" on this forum.  There are at least 100 threads on this subject already and we really don't need another one.


Title: Re: [ASK] Halving Day?
Post by: cr1776 on May 29, 2016, 04:51:50 PM
What do you think about the bitcoin and altcoin price after this?

This should probably moved to speculation - or start a new thread there or read one of the many threads on it.  This question really doesn't belong in the Dev and Tech section.