The word "Bitcoin halving"

[DoublerHunter]

There is a price increase after halving because the supply of the coins are Low and The mining reward is halved!!!!!

Currently, the supply of bitcoins increases by 25 every 10 minutes. After the halving, the supply will increase by 12.5 every 10 minutes. Regardless, the supply is higher after the halving and it continues to increase.

Well I think that this is the most precise explanation of what is really happening to halving. The price also rises because of halving cause many believes that bitcoin go to the moon during this time. So many buy and the demand increases.

I don't think people are buying at a moment as if they would be buying then price would not be stable and it will continue to move up, but its not happening at a moment.

Yeah that is right there is no hype on buying and almost users are just holding their bitcoins until halving but let just see and wait if the big whales will move and make a big change like pumping the bitcoin price or dumping it for a lower price which good for the big whales because they can buy more bitcoin and get big profits in the future.

[Digitalbitcoin]

Hi guys.


The thing is every now and then in several topics (specially in economics section ) I hear the word bitcoin halving??

What does that word mean???  I really don't get it.


I would be grateful if anybody explains what is meant by it.

Thanks

In simple word it can be easily understandable.

Bitcoin is a First cryptocurrency(Digital Currency) in market having highest value of exchange against fiat currency. Bitcoin is based on SHA 256 scrypt and already defined some programs in it.

As Firstly when mining start at 2008 price for 1 mined block was 50 BTC as per day 3000 BTC can be mined according to this maths it takes 4 years to mine 210000 blocks after every 210000 blocks mined Halving Occurs.

Halving mainly affects on reward of blocks every-time it occurs.

Currently we are in second halving as 2012 to 2016 and currently block reward is 25 BTC. After 2nd halving price of block reward will be 12.5 BTC.

This process of decreasing price of block reward after every 4 years can be called as "Halving".

[AceOfPentacles]

Hi guys.


The thing is every now and then in several topics (specially in economics section ) I hear the word bitcoin halving??

What does that word mean???  I really don't get it.


I would be grateful if anybody explains what is meant by it.

Thanks

In simple word it can be easily understandable.

Bitcoin is a First cryptocurrency(Digital Currency) in market having highest value of exchange against fiat currency. Bitcoin is based on SHA 256 scrypt and already defined some programs in it.

As Firstly when mining start at 2008 price for 1 mined block was 50 BTC as per day 3000 BTC can be mined according to this maths it takes 4 years to mine 210000 blocks after every 210000 blocks mined Halving Occurs.

Halving mainly affects on reward of blocks every-time it occurs.

Currently we are in second halving as 2012 to 2016 and currently block reward is 25 BTC. After 2nd halving price of block reward will be 12.5 BTC.

This process of decreasing price of block reward after every 4 years can be called as "Halving".

Thank you for a great explanation. So basically it just makes mining less affordable? Will this lead small miners to shut down shop or will BTC price increases balance out the reward loss? As it continues to half in the future will BTC become more centralized as only the huge mining farms will be able to "survive?"

[pooya87]

Hi guys.


The thing is every now and then in several topics (specially in economics section ) I hear the word bitcoin halving??

What does that word mean???  I really don't get it.


I would be grateful if anybody explains what is meant by it.

Thanks

In simple word it can be easily understandable.

Bitcoin is a First cryptocurrency(Digital Currency) in market having highest value of exchange against fiat currency. Bitcoin is based on SHA 256 scrypt and already defined some programs in it.

As Firstly when mining start at 2008 price for 1 mined block was 50 BTC as per day 3000 BTC can be mined according to this maths it takes 4 years to mine 210000 blocks after every 210000 blocks mined Halving Occurs.

Halving mainly affects on reward of blocks every-time it occurs.

Currently we are in second halving as 2012 to 2016 and currently block reward is 25 BTC. After 2nd halving price of block reward will be 12.5 BTC.

This process of decreasing price of block reward after every 4 years can be called as "Halving".

Thank you for a great explanation. So basically it just makes mining less affordable? Will this lead small miners to shut down shop or will BTC price increases balance out the reward loss? As it continues to half in the future will BTC become more centralized as only the huge mining farms will be able to "survive?"

mining is affordable and will remain affordable even if the price went down a little. halving will make mining less profitable.
also bitcoin price shouldn't change with halving to balance anything out, although this happens. and as for the future nothing is certain and always the amount of fees can change so that it matches the price and make mining profitable again if price goes down.

[Cyaren]

Hi guys.


The thing is every now and then in several topics (specially in economics section ) I hear the word bitcoin halving??

What does that word mean???  I really don't get it.


I would be grateful if anybody explains what is meant by it.

Thanks

In simple word it can be easily understandable.

Bitcoin is a First cryptocurrency(Digital Currency) in market having highest value of exchange against fiat currency. Bitcoin is based on SHA 256 scrypt and already defined some programs in it.

As Firstly when mining start at 2008 price for 1 mined block was 50 BTC as per day 3000 BTC can be mined according to this maths it takes 4 years to mine 210000 blocks after every 210000 blocks mined Halving Occurs.

Halving mainly affects on reward of blocks every-time it occurs.

Currently we are in second halving as 2012 to 2016 and currently block reward is 25 BTC. After 2nd halving price of block reward will be 12.5 BTC.

This process of decreasing price of block reward after every 4 years can be called as "Halving".

Thank you for a great explanation. So basically it just makes mining less affordable? Will this lead small miners to shut down shop or will BTC price increases balance out the reward loss? As it continues to half in the future will BTC become more centralized as only the huge mining farms will be able to "survive?"

mining is affordable and will remain affordable even if the price went down a little. halving will make mining less profitable.
also bitcoin price shouldn't change with halving to balance anything out, although this happens. and as for the future nothing is certain and always the amount of fees can change so that it matches the price and make mining profitable again if price goes down.

My understanding about halving is to give more value to bitcoin 50% more by making it harder to mine it in huge numbers. Think of gold mining. It is really hard these days to mine it and you need a more technically advanced equipment, tools, and methods of meaning gold before you get it. Miners are investing a huge amount of money to mine gold. By so doing, this makes the value of gold soaring and seems always increasing as time goes.

[odolvlobo]

My understanding about halving is to give more value to bitcoin 50% more by making it harder to mine it in huge numbers. Think of gold mining. It is really hard these days to mine it and you need a more technically advanced equipment, tools, and methods of meaning gold before you get it. Miners are investing a huge amount of money to mine gold. By so doing, this makes the value of gold soaring and seems always increasing as time goes.

The comparison to gold mining is flawed because the same amount of bitcoins are mined regardless of how much money is spent mining them.

Just like bitcoin, the cost of obtaining the gold does not determine its value. Despite the increasing costs of mining gold, its price fell during the years 1981-2000 and 2011-2016.

[coinsocieties]

Yes the block reward for mining is halving which means instead of the 25 bitcoins rewarded for every block solved it will be lowered by half down to 12.5. So in essence the supply of bitcoins is halved . So in theory most people are expecting some sort of price rise due to a decreased supply of coin.

There is not going to be a decreased supply of coin it will just be harder to collect from while mining because the reward will be 12.5 BTC per block and not 25 BTC per block.  In my opinion to many people are making to big of a deal on this.  It will get harder to mine, and the price will raise, but that is all. 

[Digitalbitcoin]

Mining, Halving, Market Cap and Price are individually separate thing but all are dependent.

Halving off course reduce price of block reward but rate of exchange is exponentially growing comparative to USD, we can get higher value for exchange of bitcoin. And as per time go it will too costly to transfer bitcoin with small amount as fee will be higher for transaction verification.