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Title: Around which year will the production per block will get halved? Post by: hensi on May 19, 2014, 03:52:41 PM 1block= 25btc, when will it become 12.5btc/block?
Title: Re: Around which year will the production per block will get halved? Post by: TrailingComet on May 19, 2014, 04:21:44 PM 1 jan 2016
Title: Re: Around which year will the production per block will get halved? Post by: cr1776 on May 19, 2014, 04:25:46 PM Summer 2016 (northern hemisphere) is an estimate. (June-Sept). It depends on how quickly the network grows as to exactly when.
Title: Re: Around which year will the production per block will get halved? Post by: yogi on May 19, 2014, 04:26:14 PM http://bitcoinclock.com/
Title: Re: Around which year will the production per block will get halved? Post by: DeathAndTaxes on May 19, 2014, 04:30:08 PM The time between halvings isn't measured in days it is measured in blocks; the subsidy is reduced by half every 210,000 blocks. The next halving will be at block 420,000. We have 118,426 blocks to go. If the network hashrate was stable than 144 blocks would be produced each day. To reach block 420,000 would take 822 days. The network however is still growing and thus on average more than 144 blocks are produced each day. As long as the average hashrate between now and the halving increases (which is almost certainly true) then the halving will occur earlier. How much earlier depends on the average change in hashrate between now and block 420,000.
Growth Per Difficulty Period | Halving Date 0% | 8/18/2016 10% | 6/04/2016 20% | 4/03/2016 30% | 2/10/2016 My guess is we reach block 420,000 in the summer of 2016. Title: Re: Around which year will the production per block will get halved? Post by: odolvlobo on May 19, 2014, 06:13:34 PM Woo Hoo, another Halving Day! The next one will be epic. We should start preparing now!
Title: Re: Around which year will the production per block will get halved? Post by: IIOII on May 19, 2014, 06:27:32 PM See this useful thread for an approximation: https://bitcointalk.org/index.php?topic=130619.0
But I think we're a bit ahead right now. Title: Re: Around which year will the production per block will get halved? Post by: DeathAndTaxes on May 19, 2014, 06:39:51 PM http://bitcoinclock.com/ Reward-Drop ETA: 2016-08-18 21:30:50 UTC (117 weeks, 3 days, 7 hours)I think this is about as accurate as we can be, this far out. That assumes 0% hashrate growth between now and block 420,000. That is probably the least likely scenario. The date will depend on what is the average time between blocks which will depend on the average hashrate growth between now and the halving. A hashrate growth of 10% to 20% seems more likely than 0%. That moves the range to March to June 2016. Title: Re: Around which year will the production per block will get halved? Post by: railzand on May 19, 2014, 07:26:20 PM Woo Hoo, another Halving Day! The next one will be epic. We should start preparing now! What was it like last time round? Title: Re: Around which year will the production per block will get halved? Post by: jonald_fyookball on May 19, 2014, 08:55:59 PM Woo Hoo, another Halving Day! The next one will be epic. We should start preparing now! How so? By loading up the ol stash? Title: Re: Around which year will the production per block will get halved? Post by: jonald_fyookball on May 19, 2014, 09:00:05 PM The time between halvings isn't measured in days it is measured in blocks; the subsidy is reduced by half every 210,000 blocks. The next halving will be at block 420,000. We have 118,426 blocks to go. If the network hashrate was stable than 144 blocks would be produced each day. To reach block 420,000 would take 822 days. The network however is still growing and thus on average more than 144 blocks are produced each day. As long as the average hashrate between now and the halving increases (which is almost certainly true) then the halving will occur earlier. How much earlier depends on the average change in hashrate between now and block 420,000. Growth Per Difficulty Period | Halving Date 0% | 8/18/2016 10% | 6/04/2016 20% | 4/03/2016 30% | 2/10/2016 My guess is we reach block 420,000 in the summer of 2016. By the way, DeathandTaxes, congrats on 15,000 posts. (Thats a lot of posts!) Many people really appreciate your involvement in the bitcoin forum. Title: Re: Around which year will the production per block will get halved? Post by: ArticMine on May 19, 2014, 09:18:01 PM Woo Hoo, another Halving Day! The next one will be epic. We should start preparing now! What was it like last time round? Initially in late 2012 not much happened, but then we got the first bull market rise of 2013 of around 20x increase in BTC/USD. Title: Re: Around which year will the production per block will get halved? Post by: timk225 on May 23, 2014, 05:34:47 AM I think that after the next halving day, mining rates will begin to drop along with the difficulty, because it is hard enough to make money mining now, and no one will invest money for HALF the potential reward.
Title: Re: Around which year will the production per block will get halved? Post by: jonald_fyookball on May 23, 2014, 01:17:13 PM I think that after the next halving day, mining rates will begin to drop along with the difficulty, because it is hard enough to make money mining now, and no one will invest money for HALF the potential reward. Mining has been competitive for a while. Haven't you noticed rig prices are also dropping tremendously? Your satoshi buys a lot more ghS than it did, and that trend will probably continue for a while, so people may keep buying new hashing power. Title: Re: Around which year will the production per block will get halved? Post by: railzand on May 23, 2014, 07:13:56 PM Woo Hoo, another Halving Day! The next one will be epic. We should start preparing now! What was it like last time round? Initially in late 2012 not much happened, but then we got the first bull market rise of 2013 of around 20x increase in BTC/USD. Good that's good. Thanks! Title: Re: Around which year will the production per block will get halved? Post by: odolvlobo on May 23, 2014, 07:21:46 PM Woo Hoo, another Halving Day! The next one will be epic. We should start preparing now! What was it like last time round? Initially in late 2012 not much happened, but then we got the first bull market rise of 2013 of around 20x increase in BTC/USD. More importantly, the difficulty fell only slightly until ASICs came out in February and then it went through the roof. |
