Happy halving day

[slothbag]

I have a proposal for a new celebration called "Halving Day".

The celebration would coincide with the Bitcoin block halving that occurs once every 4 years.  Given the random nature of blocks being found, the day cannot be set until probably a few months before the actual day.

The purpose of the celebration is to simply get together with fellow bitcoiners and celebrate this wonderful invention called Bitcoin.  I would like to see large organised events similar in nature to what we see for New Years celebrations around the world.

Similar to New Years, there could be a live broadcast on a big screen (see bitcoinclock.com) or loud speaker that announces the first halved block in realtime for a bit of arbitrary back slapping and high five'ing.

Other activities could be combined into the celebrations, maybe charity fund raises or company announcements or awards ceremonies..

If nothing else, even just printing some posters saying "happy halving day", or wishing strangers in the street a "happy halving day".

Eventually I would like to see this event become as popular as other 4 year events like the Olympics and World Cup.

So lets get ready to celebrate the inaugural Halving Day in 6 weeks time on the 30-Nov-2012.

Happy halving day!

[greyhawk]

Yup. Not a currency. A religion.

[Spekulatius]

lets print t-shirts!

[slothbag]

i'll attend.

That's like saying you'll attend Christmas or New Years.. The day is coming regardless who attends what, its how you choose to celebrate that makes it a memorable day

[allthingsluxury]

hah good idea. Hopefully the value increases with this halving.

[btcANGEL]

Do we get to break bitcoin-themed piñatas in half?

Bonus points if it's possible to piñata-hop to get more than your share of candy. 

[Frequency]

Firecrackers.. C@ke  Livestream 

[luffy]

perhaps the value has been already doubled from 5 to 10$. Do you expect to reach 15-20$ ?

[Meni Rosenfeld]

We've been thinking about this for a while, the proper event for the occasion is of course a block party.

In fact the exact date cannot be set until 4 days before the event. (Or more precisely, 4 days before the event you have a 24-hour window for when the event is 99.7% likely to occur, and a 16-hour window for 95.5%.)

When block 209999 is found the countdown starts: "600, 600, 600, 600, ... Happy block year!"

[odolvlobo]

Check out https://www.facebook.com/events/373994146013508/

[Akka]

Yup. Not a currency. A religion.

Bitcoin is great and Satoshi is his prophet.

[greyhawk]

Yup. Not a currency. A religion.

Bitcoin is great and Satoshi is his prophet.

No, Satoshi is the messiah whose return is eagerly awaited.

[Akka]

Yup. Not a currency. A religion.

Bitcoin is great and Satoshi is his prophet.

No, Satoshi is the messiah whose return is eagerly awaited.

True, and when he will finally get caught, sold out by one one of his closets followers for 30 BTC and get killed on a electric chair, this shall be the new symbol of our religion.



Of course there will always be the one that believe it wasn't the real Satoshi and his return has yet to come.

And the ones believing he got resurrected and ascented into the blockchain, but that are just crazy people.

[Dansker]

And everyone gets cosbycoins!

[ChuckBarris]

We've been thinking about this for a while, the proper event for the occasion is of course a block party.

In fact the exact date cannot be set until 4 days before the event. (Or more precisely, 4 days before the event you have a 24-hour window for when the event is 99.7% likely to occur, and a 16-hour window for 95.5%.)

When block 209999 is found the countdown starts: "600, 600, 600, 600, ... Happy block year!"

LOL

[exotime]

You're all crazy.

Yes. I like this.

[Spekulatius]

And everyone gets cosbycoins!

Cosbycoins for the kids, Spekulatius Coins for the adults!

[evoorhees]

Yup. Not a currency. A religion.

Perhaps... but unlike most religions we believe in something that is real and works.

[Come-from-Beyond]

lets print t-shirts!

Aye. Like...

[Morblias]

I'd drink to that. Hell, I already drink every day, might as well have an excuse!

[Isokivi]

Yup. Not a currency. A religion.

+1
Someone should print out bible-like books containing the entire blockchain.

[ralree]

Yup. Not a currency. A religion.

+1
Someone should print out bible-like books containing the entire blockchain.

And with language like "and Deepbit sayeth 'block 31213 is 00000002342312312312', and there was much rejoicing."

[ralree]

With the T-shirt idea, make it say "Back in my day, a block was 50BTC!"

[AmDD]

With the T-shirt idea, make it say "Back in my day, a block was 50BTC!"

 

[Arto]

Yup. Not a currency. A religion.

Bitcoin is great and Satoshi is his prophet.

No, Satoshi is the messiah whose return is eagerly awaited.

Sometimes I fancy that Satoshi must have been a visitor from the future, a Prometheus bringing us mere mortals the secret of fire, thus enabling the further progress of civilization.

[greyhawk]

So Satoshi is now being ripped apart by a huge eagle all day only to be knit together and revived at night?


Oh well, explains why he isn't posting anymore.

[Arto]

[spiccioli]

With the T-shirt idea, make it say "Back in my day, a block was 50BTC!"

Great!

spiccioli

[ralree]

With the T-shirt idea, make it say "Back in my day, a block was 50BTC!"

Great!

spiccioli

Speaking of this idea, is there something like cafepress but purely bitcoin?

[Minor]

Happy Halflings day.

[rat]

all the japanophiles and weaboos here are disturbing.

[greyhawk]

all the japanophiles and weaboos here are disturbing.

Why do you hate MtGox? 

[freequant]

Hopefully the celebration isn't ruined by the Great Halving Bug

[btcANGEL]

Hopefully the celebration isn't ruined by the Great Halving Bug

The Great Halving Bug always tries to ruin the celebration, but gets stomped by the Great Shoe of Reputation.

There will be chocolate-coin-filled bug piñatas for the children and shoe-on-a-sticks to beat them with.

[Ente]

Great stuff in here!
*smiles*

Ente

[ripper234]

When block 209999 is found the countdown starts: "600, 600, 600, 600, ... Happy block year!"

[Come-from-Beyond]

When block 209999 is found the countdown starts: "600, 600, 600, 600, ... Happy block year!"

What will be the 1st block with 25 BTC reward? 210000 or 209999? The same issue as with a millennium.

[Ente]

When block 209999 is found the countdown starts: "600, 600, 600, 600, ... Happy block year!"

What will be the 1st block with 25 BTC reward? 210000 or 209999? The same issue as with a millennium.

Except math and hard-coded rules are clear and easy to read up by anyone.
Actually.. I don't know! heh

I guess you meant block number 210000 or 210001?

Or:
Do we celebrate the last 50 BTC block, or the first 25 BTC block?
Whatever, I stick to the number with the many zeroes. Bitcoiners like zeroes! :-)

Ente

[Come-from-Beyond]

I guess you meant block number 210000 or 210001?

No. There was a block #0, so 210001 makes no sense.

[FreeMoney]

Block 0 had 50, but they weren't spendable, correct? So 210000 will have 25 reward.

[Come-from-Beyond]

Block 0 had 50, but they weren't spendable, correct? So 210000 will have 25 reward.

That 50 unspendable in Satoshi's client, but other client is able to spend them.

[Roy Badami]

Do we celebrate the last 50 BTC block, or the first 25 BTC block?
Whatever, I stick to the number with the many zeroes. Bitcoiners like zeroes! :-)

The point when the last 50 BTC block is mined is the point at which the game changes, IMO.  From that moment onwards all miners are working for a lower potential reward, regardless of exactly when the first 25 BTC is found.

roy

[Yuhfhrh]

Do we celebrate the last 50 BTC block, or the first 25 BTC block?
Whatever, I stick to the number with the many zeroes. Bitcoiners like zeroes! :-)

The point when the last 50 BTC block is mined is the point at which the game changes, IMO.  From that moment onwards all miners are working for a lower potential reward, regardless of exactly when the first 25 BTC is found.

roy

I agree. The last 50 block is what needs to be celebrated.

[sharky112065]

For me, it's not a celebration unless the Bitcoin price goes up when the block reward drops. My guess is it will go up for a bit and then back down as people that have invested start selling.

[Ente]

For me, it's not a celebration unless the Bitcoin price goes up when the block reward drops. My guess is it will go up for a bit and then back down as people that have invested start selling.

..but you do see the significance in this event, no? Bitcoin has little milestones - this one of the huge ones! :-)

Ente

[cbeast]

Followers of the true path of Bitcoin will have their names forever embedded into the Holy Blockchain. Followers of Atlas will be forever rejected as double-spends. May you verifications always be instant.

[knight22]

For me, it's not a celebration unless the Bitcoin price goes up when the block reward drops. My guess is it will go up for a bit and then back down as people that have invested start selling.

Why people would start selling after the block reward drops? Does bitcoin will be less reliable? NO.
IMO people will just buy like crazy.

[FreeMoney]

For me, it's not a celebration unless the Bitcoin price goes up when the block reward drops. My guess is it will go up for a bit and then back down as people that have invested start selling.

Why people would start selling after the block reward drops? Does bitcoin will be less reliable? NO.
IMO people will just buy like crazy.

Well, in a sense... less resources will be given to secure the chain.

[knight22]

For me, it's not a celebration unless the Bitcoin price goes up when the block reward drops. My guess is it will go up for a bit and then back down as people that have invested start selling.

Why people would start selling after the block reward drops? Does bitcoin will be less reliable? NO.
IMO people will just buy like crazy.

Well, in a sense... less resources will be given to secure the chain.

Yes, for a short period of time but I think things will move on with the increasing prices due to the halving.

[anu]

Does anyone has a good guess when it will happen? If it's 6 blocks / hour it should be the 29th in the morning (UTC).

[FreeMoney]

Does anyone has a good guess when it will happen? If it's 6 blocks / hour it should be the 29th in the morning (UTC).

Wed Nov 28th 7pm ET!

Whenever it is we're ha(l)ving a party at Seals.

[Stapleddiet]

Bring it on the 25th Nov my 50th birthday. Some nice numbers for me.

[beckspace]

Does anyone has a good guess when it will happen? If it's 6 blocks / hour it should be the 29th in the morning (UTC).

Throwing a halving party in the morning? Poor neighbors.



Sorry for party rocking. (Never gets old)

Edit:
Changed the previous gif (5.6 MB) to a new lighter one (360 KB):
Link to the old (funnier) gif: http://fc09.deviantart.net/fs70/f/2012/130/9/7/sorry_for_party_rocking_____it__s_a_gif___by_hemmie_3-d4z86p2.gif

[Otoh]

Does anyone has a good guess when it will happen? If it's 6 blocks / hour it should be the 29th in the morning (UTC).

Wed Nov 28th 7pm ET!

Whenever it is we're ha(l)ving a party at Seals.

2012 11 28 would be cool as it's the full moon for extra emotional intensity & partying, it's also a penumbral lunar eclipse & they don't just happen every day ~ good stuff, it's also my birthday ftw

[ARapalo]

Hey how accurate is this halving day? I could change by a day or two based on total network speed, right?

[FreeMoney]

Hey how accurate is this halving day? I could change by a day or two based on total network speed, right?

Correct.

I believe early on the 29th is if we get 10 minute blocks, but we've actually been getting like 9.6 or something for a while and that would put it earlier.

[odolvlobo]

You can always get the latest ETA at bitcoinclock.com. It says 11/29, but it assumes 10 minute blocks. It's starting to look like 11/28 in the evening. If ASICs come online before then it will probably be much sooner than that.

[kano]

Yeah try UTC or write GMT+/-N

As for when ... 3 weeks ...

This diff is currently only running 1.9% fast. (with very close to 4.5days to go at 1.9%)

Then 2 weeks with anywhere from -2% to 10% adjustment on that
(well that's what I guess - and in that range my guess is 4%) or between 342.7 hrs and 302.4 hrs or 4% = 322.6 hrs

Then another 337 blocks after that ... I'll go the same range -2% to 10% (and guess 4%) so between 57.3 and 56.6 hrs or 4% = 53.9 hrs

So on those figures - with it now 8-Nov 05:15 UTC (oh another block just came in I'll ignore it )

I get my guess of: between 29 Nov 9:15 UTC (-2%)  and  27 Nov 16:15 UTC (10%)
Or my 4% guess = 28 Nov 9:45 UTC (4%)

[jl2035]

Yup. Not a currency. A religion.

Bitcoin is great and Satoshi is his prophet.

No, Satoshi is the messiah whose return is eagerly awaited.

True, and when he will finally get caught, sold out by one one of his closets followers for 30 BTC and get killed on a electric chair, this shall be the new symbol of our religion.

[image excluded]

Of course there will always be the one that believe it wasn't the real Satoshi and his return has yet to come.

And the ones believing he got resurrected and ascented into the blockchain, but that are just crazy people.

That's so fxxxxxx funny!

[felipelalli]

Nice!

[helloworld]

Yeah try UTC or write GMT+/-N

As for when ... 3 weeks ...

2 weeks, 5 days, 23 hours, 30 minutes

[Frequency]

Yeah try UTC or write GMT+/-N

As for when ... 3 weeks ...

2 weeks, 5 days, 23 hours, 30 minutes

yeah i am getting excited ... 

[Herodes]

Sorry about my ignorance, but how exactly do we determine when it happens ?

I take it is on a set block number ? So if it's block n that's the deal, then we sit with the champagne glasses at n-1 and just wait for n, and once n comes we can all say cheers and start jumping, is that right ?

[crazy_rabbit]

Yeah try UTC or write GMT+/-N

As for when ... 3 weeks ...

2 weeks, 5 days, 23 hours, 30 minutes

already?!?! So soon!

[odolvlobo]

Sorry about my ignorance, but how exactly do we determine when it happens ?

I take it is on a set block number ? So if it's block n that's the deal, then we sit with the champagne glasses at n-1 and just wait for n, and once n comes we can all say cheers and start jumping, is that right ?

Yes.  Block 210,000 is the first block of the halved reward. The time it will be produced looks like 11/28, or possibly 11/27. Since the time to produce a block is random (but is usually close to 10 minutes), a more exact time cannot be predicted at this point.

[strideynet]

Make sure it's near a cliff. If value drops we all jump

[Frequency]

Make sure it's near a cliff. If value drops we all jump

if value drops i put al my money into buying knowing almost for sure it will go up again soon...hahaa cheerzz

[BitCoiner2012]

Will definitely try to celebrate this locally, like the idea!

[ildubbioso]

the countdown will be interesting

ten blocks . . . . . . . . .
nine blocks . . . . . . . . .
. . . . . . . . . . .
. . . .  . . .
one block . . . .

Happy Halving Day!!

[Ente]

the countdown will be interesting

ten blocks . . . . . . . . .
nine blocks . . . . . . . . .
. . . . . . . . . . .
. . . .  . . .
one block . . . .

Happy Halving Day!!

..with totally random waiting times in between!
Will you be able to have a beer in between each block? How will you divide the "10 minutes", drink it all as fast as possible, or be slow and hope you have those 10 mins? I see some fun block-games coming! :-)

Ente

[kano]

Yeah try UTC or write GMT+/-N

As for when ... 3 weeks ...

This diff is currently only running 1.9% fast. (with very close to 4.5days to go at 1.9%)

Then 2 weeks with anywhere from -2% to 10% adjustment on that
(well that's what I guess - and in that range my guess is 4%) or between 342.7 hrs and 302.4 hrs or 4% = 322.6 hrs

Then another 337 blocks after that ... I'll go the same range -2% to 10% (and guess 4%) so between 57.3 and 56.6 hrs or 4% = 53.9 hrs

So on those figures - with it now 8-Nov 05:15 UTC (oh another block just came in I'll ignore it )

I get my guess of: between 29 Nov 9:15 UTC (-2%)  and  27 Nov 16:15 UTC (10%)
Or my 4% guess = 28 Nov 9:45 UTC (4%)

With about 10 days to go

Amusing that the last diff did actually finish on 1.9%

So based on it now being 18-Nov 21:00 UTC (though it's tomorrow here )

Current Difficulty of the 870 blocks so far in this last difficulty change before halving is -1.4% ... still JUST inside my rather large -2% to 10% range
(Yeah looks like it won't be anywhere near 10% but I'll leave that as the top value anyway)

However, I'll drop my 4% guess now down to 2% for the remainder of this difficulty + the 337 blocks until halving.

So again with the range -2% to 10% and 1146 blocks until the last diff change:
Between 194.8 and 171.9 hours (or 2% = 187.2 hrs)

Then another 337 blocks after that ... -2% to 10% (and now guess 2%):
so between 57.3 and 50.6 hrs (or 2% = 55.0 hrs)

So again based on it being 18-Nov 21:00 UTC and block 208517
So between 29-Nov 09:06 UTC (-2%) and 28-Nov 03:30 UTC (10%)
Or my new 2% guess 28-Nov 23:12 UTC

Edit: hmm - that 337 range is wrong, 10% is 50.6 (I typed 56.6) - never noticed the mistake before either - corrected now.
That meant the 10% is 28-Nov 03:30 UTC (not 28-Nov 09:30 UTC)

[goldlyre]

Can I?

[marcus_of_augustus]

So anyone know why bitcoinwatch and bitcoincharts are saying next difficulty change at 209,664 blocks ... I thought the halving and next difficulty change co-incided, i.e. 210,000?

http://www.bitcoinwatch.com/

http://bitcoincharts.com/markets/

EDIT: evidently they don't coincide ... my mistake, just had always assumed they would ... the next difficulty change will be the 104th and the block reward halving will occur 336 blocks after that change and 1680 blocks before the 105th difficulty change ... as you were, no need to panic. 

[justusranvier]

I've just started keeping track so I don't have many data points yet but I have a simple approximation based on current block and time between blocks as reported on blockchain.info.

So far my estimate falls in a six hour window on the 28th between 14:30 and 20:30 UTC.

[marcus_of_augustus]

I've just started keeping track so I don't have many data points yet but I have a simple approximation based on current block and time between blocks as reported on blockchain.info.

So far my estimate falls in a six hour window on the 28th between 14:30 and 20:30 UTC.

umm, simple approx. says about 6 days, 16.6 hours from nowish ... so 2100 28.11.12 UTC ... roughly speaking?

[justusranvier]

umm, simple approx. says about 6 days, 16.6 hours from nowish ... so 2100 28.11.12 UTC ... roughly speaking?

That's a reflection of how much noise is in the data, that it changed that much between when I posted and when you posted.

[justusranvier]

This is a chart of my naive, semi-random sampling of blockchain info:

[kano]

Yeah try UTC or write GMT+/-N

As for when ... 3 weeks ...

This diff is currently only running 1.9% fast. (with very close to 4.5days to go at 1.9%)

Then 2 weeks with anywhere from -2% to 10% adjustment on that
(well that's what I guess - and in that range my guess is 4%) or between 342.7 hrs and 302.4 hrs or 4% = 322.6 hrs

Then another 337 blocks after that ... I'll go the same range -2% to 10% (and guess 4%) so between 57.3 and 56.6 hrs or 4% = 53.9 hrs

So on those figures - with it now 8-Nov 05:15 UTC (oh another block just came in I'll ignore it )

I get my guess of: between 29 Nov 9:15 UTC (-2%)  and  27 Nov 16:15 UTC (10%)
Or my 4% guess = 28 Nov 9:45 UTC (4%)

With about 10 days to go

Amusing that the last diff did actually finish on 1.9%

So based on it now being 18-Nov 21:00 UTC (though it's tomorrow here )

Current Difficulty of the 870 blocks so far in this last difficulty change before halving is -1.4% ... still JUST inside my rather large -2% to 10% range
(Yeah looks like it won't be anywhere near 10% but I'll leave that as the top value anyway)

However, I'll drop my 4% guess now down to 2% for the remainder of this difficulty + the 337 blocks until halving.

So again with the range -2% to 10% and 1146 blocks until the last diff change:
Between 194.8 and 171.9 hours (or 2% = 187.2 hrs)

Then another 337 blocks after that ... -2% to 10% (and now guess 2%):
so between 57.3 and 50.6 hrs (or 2% = 55.0 hrs)

So again based on it being 18-Nov 21:00 UTC and block 208517
So between 29-Nov 09:06 UTC (-2%) and 28-Nov 03:30 UTC (10%)
Or my new 2% guess 28-Nov 23:12 UTC

Edit: hmm - that 337 range is wrong, 10% is 50.6 (I typed 56.6) - never noticed the mistake before either - corrected now.
That meant the 10% is 28-Nov 03:30 UTC (not 28-Nov 09:30 UTC)

Time to do one last guess?

With 127 blocks to go until the last diff change - difficulkty is showing 1.16% - not majorly different to my 2% guess - but still a bit lower.

Now lets say it is 25-Nov 17:45 now

At 1.2% that will put the last difficulty change (before halving) at 20.9 hours from now or roughly 20hrs 55 minutes.

Or 26-Nov 14:40 for the next diff change

Then add another 337 blocks at between -2% and 10% (or using the current diff value of 1.2%)

That gives between 50.6 and 57.3 hours after that - or between 28-Nov 17:16 and 28-Nov 23:58

But using the 1.2% number we get: 28-Nov 22:10

Hmm all my numbers are on the 28th now (UTC)

[kwoody]

Less than 24 hours till halving...value better go up, i'm feeling particularly lazy this week and don't want to dismantle rigs quite yet..

[marcus_of_augustus]

Less than 24 hours till halving...value better go up, i'm feeling particularly lazy this week and don't want to dismantle rigs quite yet..

I'm betting it will actually drop, quite markedly too. Reasoning being a "buy the rumour, sell the news" effect. With so much speculative money in bitcoin a good portion has come in to profit from the "halving" phenomena. This money will take profits after the halving (I think they are already doing this for the last few days) .... I'm expecting to drop more and probably it will be a while before the long term effect of the decreased inflation works its way through to the supply/demand equation.

[Astro]

It will have no impact on value either way.

[kano]

Heh difficulty for the last change was 2.08% - matched my guess (2%) surprisingly enough, so I should have used it for the last calculation rather than the reported (incomplete) value at the time of 1.2%

Anyway with it simply counting down blocks and no more changes - currently it's 116
27-Nov 23:20 UTC now

116 at 10 minutes is of course 19hrs 20min

-2% is 19hrs 43min

+10% is 17hrs 24min

So that's now a 2.33 hour range

and at a 2% guess thats: 18hrs 57min to go or 28-Nov 18:17 UTC

[slothbag]

Looks like my 6 week rough estimate of 30th November (AEST) was pretty close, its now looking like 29th @ 6:30am (AEST).

So had any big party been organised for the 30th with say a 2 day buffer either side would have been sufficient.

Tough to organise a kick-ass party for 6:30am though.. lol

[Ente]

That's around 6pm in the Room77, Berlin! :-)
..the most awesome geeky reason to celebrate yet, and celebrate we will!

Ente

[kano]

Block rate has been going wild for a while
It's at 5% at the moment.
I saw 17 in 95 minutes 2.5 hours ago

But I was thinking that the higher that get the better!
42 left to go now - but the change of hte hash rate dropping after 1/2 is quite high and it's only 13% into the difficulty change
So that remaining 87% could possibly take a while ...

Anyway it's now 28-Nov 10:00UTC

+42 at 2% (yeah I'll stick with 2% anyway even though it looks like it'll be wrong )
Is 6hrs 52min or 28-Nov 16:52 UTC - already more than hour earlier than my last guess.

and if it stays around 5% it'll be 6hrs 39min - so 28-Nov 16:39 UTC

10% will be 6hrs 18min or 28-Nov 16:18 UTC

So anyway - with it this close it's almost certainly 28-Nov 16:NN UTC for some value NN

[Frequency]

Block rate has been going wild for a while
It's at 5% at the moment.
I saw 17 in 95 minutes 2.5 hours ago

But I was thinking that the higher that get the better!
42 left to go now - but the change of hte hash rate dropping after 1/2 is quite high and it's only 13% into the difficulty change
So that remaining 87% could possibly take a while ...

Anyway it's now 28-Nov 10:00UTC

+42 at 2% (yeah I'll stick with 2% anyway even though it looks like it'll be wrong )
Is 6hrs 52min or 28-Nov 16:52 UTC - already more than hour earlier than my last guess.

and if it stays around 5% it'll be 6hrs 39min - so 28-Nov 16:39 UTC

10% will be 6hrs 18min or 28-Nov 16:18 UTC

So anyway - with it this close it's almost certainly 28-Nov 16:NN UTC for some value NN

Countdown today is the day...whioeeeeee  ...o no my incom halves today happy or sad but what ever it is a milestone  

I am also intrested to see how many hashes will get plugged out after today  

Cheerzzzzzz  

[mcgravier]

Guys - 26 more to go

Lets Count em all!!!

[Remember remember the 5th of November]

Block rate has been going wild for a while
It's at 5% at the moment.
I saw 17 in 95 minutes 2.5 hours ago

But I was thinking that the higher that get the better!
42 left to go now - but the change of hte hash rate dropping after 1/2 is quite high and it's only 13% into the difficulty change
So that remaining 87% could possibly take a while ...

Anyway it's now 28-Nov 10:00UTC

+42 at 2% (yeah I'll stick with 2% anyway even though it looks like it'll be wrong )
Is 6hrs 52min or 28-Nov 16:52 UTC - already more than hour earlier than my last guess.

and if it stays around 5% it'll be 6hrs 39min - so 28-Nov 16:39 UTC

10% will be 6hrs 18min or 28-Nov 16:18 UTC

So anyway - with it this close it's almost certainly 28-Nov 16:NN UTC for some value NN

Countdown today is the day...whioeeeeee  ...o no my incom halves today happy or sad but what ever it is a milestone  

I am also intrested to see how many hashes will get plugged out after today  

Cheerzzzzzz  

Little or big, some miners will shutdown OR move to other coins.

[mcgravier]

24

[Come-from-Beyond]

23.5 

[mcgravier]

23 

[mcgravier]

22 

[mcgravier]

21

 god I must be bored   

[RaTTuS]

21 and it's made the beeb
http://www.bbc.co.uk/news/technology-20510447

[Ente]

Oh shi-!
I better hurry to not be late! Guys, slow down the hashes, I can't leave work yet! :-)

Ente

[mcgravier]

20 - 

[Savior]

18 ..going faster then expected. Keep hashing

[mcgravier]

whoa 18


...I missed one 

[Come-from-Beyond]

Someone could send a transaction with 25 BTC fee right after 209999th block found ===> FTW, make the 210001th block the 1st block with 25 BTC reward! 

[mcgravier]

16!
somone could send 25BTC fee every next block for 4  years so we all can mine as always xD

[mcgravier]

14 

Ok who turned ASICS on?

[paraipan]

13 blocks remaining  

I have mine ready...

[yogi]

Looks like we are ahead of schedule, maybe GPU miners are having one last bash?

Edit: 12 remaining.

[mcgravier]

12 now

my champange is redy as well )

[ildubbioso]

11!  

7 in 18 minutes.

[Come-from-Beyond]

What if there is more than one 210000th block found - 1 legit and a few orphaned ones? We won't be able to say which block is legit till 210120th block, right?

[Endgame]

Bitcoin magazine should interview the person who mines the last block, so they are forever remembered

[mcgravier]

I wonder if hashpower will drop like a rock, or will it go down slowly...

BTW: 10!

[Come-from-Beyond]

Bitcoin magazine should interview the person who mines the last block, so they are forever remembered

Anyone who wants be remembered forever should send a transaction with text using blockchain.info wallet.

[mcgravier]

nine

[bitstarter]

Today is the day.

[spiccioli]

eight blocks to gooooo!

spiccioli

[Hexadecibel]

Ahhhhhhhhhhhhhhhhh!

[Otoh]

Just for interest there is a full deep penumbral lunar eclipse at exactly 33 minutes past this current hour (in half an hour +/-) & the full moon is exact at 46 minutes past, exciting timing!  

[Frequency]

  aaaaaaaa 

[Yuhfhrh]

209993!

[bitstarter]

..... So who is going to be left to mine ,

[AmDD]

The end is near....


7

EDIT: Yuhfhrh beat me to it

[spiccioli]

6



spiccioli

[warlordluke]

6 More to go Only 1 hour 10 minutes left.

Badump, Badump, badump....

[BkkCoins]

Just for interest there is a full lunar eclipse at exactly 33 minutes past this current hour (in half an hour +/-) & the full moon is at 46 minutes past, exciting timing!

Oooh. That is pretty awesome timing but I'm sure it only holds true in one place. Can someone find out where that happens at the moment the blocks halve? I hope it's not off the coast of Africa in the Null Triangle (0.0.0.0)....

[jl2012]

Just for interest there is a full lunar eclipse at exactly 33 minutes past this current hour (in half an hour +/-) & the full moon is at 46 minutes past, exciting timing!

Oooh. That is pretty awesome timing but I'm sure it only holds true in one place. Can someone find out where that happens at the moment the blocks halve? I hope it's not off the coast of Africa in the Null Triangle (0.0.0.0)....

No, it's just a penumbral eclipse http://eclipse.gsfc.nasa.gov/LEplot/LEplot2001/LE2012Nov28N.pdf

[dserrano5]

6 More to go Only 1 hour 10 minutes left.

At this pace it will be less time for sure.

[RaTTuS]

que a 90min block

[Otoh]

Just for interest there is a full lunar eclipse at exactly 33 minutes past this current hour (in half an hour +/-) & the full moon is at 46 minutes past, exciting timing!

Oooh. That is pretty awesome timing but I'm sure it only holds true in one place. Can someone find out where that happens at the moment the blocks halve? I hope it's not off the coast of Africa in the Null Triangle (0.0.0.0)....

No, it's just a penumbral eclipse http://eclipse.gsfc.nasa.gov/LEplot/LEplot2001/LE2012Nov28N.pdf

Yep, sry, a penumbral I got confused with the full moon, see here for viability, Bermuda is on:
https://bitcointalk.org/index.php?topic=75955.msg1325753#msg1325753

[Cosmos]

Exciting times.  Wore my btcgear hat to work to represent!!  Too bad block explorer has such a big delay on the site.  Countdown time!!

[mcgravier]

Just for interest there is a full lunar eclipse at exactly 33 minutes past this current hour (in half an hour +/-) & the full moon is at 46 minutes past, exciting timing!

It is a sign! The end is comeing! Block reward halving and eclypse is not coincidence!!11 We shall perish and ascent to the 5th dimension!!!!11!111!!!!!111


http://www.youtube.com/watch?v=j-rxe9Ayb8c&list=PL74DF342B06C8102E&index=7&feature=plcp

[bushstar]

OMG OMG OMG... This must be what the Mayans were talking about.

[lucif]

Network speed in all time high 32.642 Thash/s

 i think this time it would be bubble for network power, not price

http://bitcoin.sipa.be/

[spiccioli]

5


spiccioli

[BkkCoins]

Exciting times.  Wore my btcgear hat to work to represent!!  Too bad block explorer has such a big delay on the site.  Countdown time!!

Blockchain.info is good for watching. It updates (pushes) new blocks as they come in.

[warlordluke]

5

[Liquid]

http://blockchain.info/en

Block 209,995 / 210,000

[Frequency]

  

Lets all be part of history today....Eclipses Halvingday and a cold  Heineken

[spiccioli]

4


spiccioli

[warlordluke]

4 To Go!!!

[lucif]

Where is SATOSHI?

He must say his word in this historic moment.

[mcgravier]

Four more guys... it should be over in less then 40 minutes

[Yuhfhrh]

Where is SATOSHI?

He must say his word in this historic moment.

That would be so funny  

[BkkCoins]

Where is SATOSHI?

He must say his word in this historic moment.

The ghost of Satoshi arises and lights a fabulous flatulent fart in the face of the Federal Reserve.

[spiccioli]

3


spiccioli

[Come-from-Beyond]

In 3 blocks the price of Bitcoin will magically become 24.6 USD. BUYBUYBUY!

[warlordluke]

3 Left People

[ingrownpocket]

When the block 210000 appears, I'll send a text message saying "Happy halving day" to everyone I know.

[Yuhfhrh]

The suspense is killing me!

[Yuhfhrh]

When the block 210000 appears, I'll send a text message saying "Happy halving day" to everyone I know.

I'm texting the countdown already to everyone I know  

[slothbag]

If Satoshi were to drop by and wish everyone a happy halving day, that would be the best halving day present ever

[Come-from-Beyond]

If Satoshi were to drop by and wish everyone a happy halving day, that would be the best halving day present ever

Most of miners don't think it's a happy day.

[Frequency]

Men id go crazy     if my blockfindings went 1up @ halvingtime  

only three to go...whooooooooeeeeee.....

[Liquid]

[foo]

3 Left People

No, 2. The instant that 209,999 is found is when things change. Waiting for 210,000 is like celebrating New Year at the end of January 1st.

[slothbag]

The suspense is if the new block 210000 will actually get 25btc reward or if the whole system falls over..

[dserrano5]

The suspense is if the new block 210000 will actually get 25btc reward or if the whole system falls over..

The suspense is if block 21000 takes 90 minutes to be solved.

[Yuhfhrh]

Network hash rate is the highest I've ever seen it. Who is testing their ASICs?

I think many people are just mining because they want to be a part of it, like me. 

[spiccioli]

3 Left People

No, 2. The instant that 209,999 is found is when things change. Waiting for 210,000 is like celebrating New Year at the end of January 1st.

you spoiled my game


spiccioli

[Polvos]

I vote for bitcointalk and blockchain.info down just in a few minutes. Both are running low for me now    I think it's too much attention

[ingrownpocket]

3 Left People

No, 2. The instant that 209,999 is found is when things change. Waiting for 210,000 is like celebrating New Year at the end of January 1st.

you spoiled my game


spiccioli

No he didn't. I'm pretty sure the first block with 25 BTC is 210000.

[Yuhfhrh]

I think 209,999 and 210,000 are equally important, the last 50 block and the first 25.

[Frequency]

Network hash rate is the highest I've ever seen it. Who is testing their ASICs?

I think many people are just mining because they want to be a part of it, like me.  

Yuuuup +28Th  orso   nice ..

[warlordluke]

3 Left People

No, 2. The instant that 209,999 is found is when things change. Waiting for 210,000 is like celebrating New Year at the end of January 1st.

Really?!

[Liquid]

Its the 29th here in Australia right now 

[RodeoX]

I am more excited about this than is warranted.  

[Polvos]

I'm sure this moment is historic. Look mom, I'm in the economy 2.0!!!!

[foo]

3 Left People

No, 2. The instant that 209,999 is found is when things change. Waiting for 210,000 is like celebrating New Year at the end of January 1st.

Really?!

Yes. Before 209,999 all miners are competing for 50 BTC, after it they're competing for 25 BTC.

[BitcoinHoarder]

It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

[2GOOD]

Its the 29th here in Australia right now 

So for you 29th of November is like 29-th of February once every 4 years  

[foo]

The suspense is if the new block 210000 will actually get 25btc reward or if the whole system falls over..

The code is very simple, highly unlikely to be buggy.

Code:

    // Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
    nSubsidy >>= (nHeight / 210000);

[Buffer Overflow]

To grandchildren: Back in my day you got 50btc per block.

[exahash]

It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

Remember Remember the 28th of November (2012).  Old man.

[Frequency]

It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

yeah crazy huh the reward go,s down 50% and yet we are excited...  My heineken is getting Cold ...aaa takes 2 celebrite the incomhalving in a moment ..drink dronk drinken  

[knight22]

To grandchildren: Back in my day you got 50btc per block.

And people where selling at 12$ and under  

[BitcoinHoarder]

It's pretty significant... we have been doing this for years now on 50 BTC.  This will look like a massive reward when it's at 25.. 12.5.. etc.  These will be the "old days".

yeah crazy huh the reward go,s down 50% and yet we are excited...  My heineken is getting Cold ...aaa takes 2 celebrite the incomhalving in a moment ..drink dronk drinken  

It's two parts... 1) it stinks, we like big rewards but 2) this project is actually living on and upholding the original design.

Very cool.

[slothbag]

The code is very simple, highly unlikely to be buggy.

// Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 210000);

Ah ha.. >>= should be >=.. there is a bug.. quick where's Gavin!

[beekeeper]

To grandchildren: Back in my day you got 50btc per block.

Heh.. The truth is that I feel the way I felt when I turned 30s..

[IIOII]

Can we even realize the true dimension of this historic event?  

I doubt it!

 

[exahash]

To grandchildren: Back in my day you got 50btc per block.

And people where selling at 12$ and under  

And knight22 sat at his computer clicking "refresh" ... "refresh" ... "refresh"

What's "refresh" grandpa?

[ingrownpocket]

I'm way too excited.

[RodeoX]

To grandchildren: Back in my day you got 50btc per block.

Grandchildren: Grandpa, is it true you own a whole bitcoin!  

[BkkCoins]

We're mining the last 50BTC block now.
Time to get your goodies in if you want to be in the last 50BTC block.

[spiccioli]

2 or is it 1?


spiccioli

[mcgravier]

2!

[beekeeper]

The code is very simple, highly unlikely to be buggy.

// Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 210000);

Ah ha.. >>= should be >=.. there is a bug.. quick where's Gavin!

Nah, its right, means shift by x (in our case by one) which equals divide by 2^x. (I assume, I never read the code.)

[cbeast]

I'm looking on the forums for predictions from Keynesians that price drops with supplies. We'll see.

[mcgravier]

lol hashrate is going through the roof...

[RaTTuS]

1

[2GOOD]

1

[smracer]

Done!

[CosicMiner]

1
I'm scared!  

[Yuhfhrh]

CELEBRATE!

[Liquid]

[BkkCoins]

The code is very simple, highly unlikely to be buggy.

// Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 210000);

Ah ha.. >>= should be >=.. there is a bug.. quick where's Gavin!

Nah, its right, means shift by x (in our case by one), which equals divide by 2^x. (I assume, I never read the code.)

Subsidy is shifted right by number of times the height is over 210000.

We're mining on the first new 25 BTC block now. I got my transaction sent!
WooHoooo.

[cbeast]

Wait for it...wait for it...

[marketGuy]

Happy Halving!

[Liquid]

[dserrano5]

Last 50btc block found. Happy halving! Long life bitcoin!

[knight22]

 

[Liquid]

Happy Halving!

[BitcoinHoarder]

Happy Halving day!

[2GOOD]

Wait for it...wait for it...

No Way.. I'm going out for a smoke  

[warlordluke]

Here we go!!

[Yuhfhrh]

I hope slush gets the first 25btc block!

[Rygon]

Happy Halving Day!

[BlueCombWindow]

209999   4 minutes   543   $ 321,933.96   BTC Guild   234.18

Last one!

[D.H.]

I'm not celebrating until the first 25 BTC block is here...

[plasticAiredale]

Who got the last 50 block?

EDIT: nevermind, thanks BlueCombWindow

[Phinnaeus Gage]

Wouldn't it be funny if the IP that mines the first 25 block was located in KS/MO?

[yogi]

Happy having day, may Satoshi be with you  

[spiccioli]

Happy Halving fellow bitcoiners!!!

spiccioli

[mccorvic]

Huzzah!

[Polvos]

513 transactions in the 209999 block. People is trying to put a transaction in the 210.000 block

[caveden]

HAPPY HALVING DAY EVERYONE!

This is cool. It would be 21 million times cool if Satoshi were to ressurect just to say hello!

[RodeoX]

Now the early adoption phase is over.

[Frequency]

Well my pps rate just halved...it on..for real now

Everybody just HOLD on....

[Sysrq]

Happy Halving Day!

Here we go !

[BTC-engineer]

Who got the last 50 block?

EDIT: nevermind, thanks BlueCombWindow

BTC Guild

[World]

Happy Halving Day!
Thank you Satoshi Thank you Dev Team

[Yuhfhrh]

People are spamming satoshidice with bets real bad right now lol

[marketGuy]

Can someone explain me why did block 209998 get only 10 transactions when it had time for 23 minutes? And block 209999 543 transactions in just one minute?

Was that done on purpose by the miners, so that as many transactions as possible are on the famous "last" block?

[dserrano5]

Of course block 210000 takes longer. Someone has already turned off their rigs .

[RaTTuS]

the irc is crazy right now -

[mcgravier]

People are spamming satoshidice with bets real bad right now lol

killing the time

[Polvos]

Everybody wants a place in the famous block

[Yuhfhrh]

Hoping my transaction gets in the block!

[Phinnaeus Gage]

People are spamming satoshidice with bets real bad right now lol

Free advertising if the owner(s) is behind the bets. I wonder if it will cease once the novelty is over.

[lucif]

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

[piuk]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

[ridgemont4]

Let's see what comes of this in the grand scheme of things..

[Yuhfhrh]

At least 700 people watching on blockchain right now. Should be a little something on the #210000 page.

Thanks for the stat!  

[Jan]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

At least... behind one of those 700 monitors sit 3 people

[Arto]

Bitcoin-Qt (0.7.0) just crashed on me the first time ever in sending a transaction. Busy busy.

[Yuhfhrh]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

At least... behind one of those 700 monitors sit 3 people

2 people here

[Polvos]

Little young compulsive gamblers, you're hitting really bad satoshidice rofl  

[Phinnaeus Gage]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

At least... behind one of those 700 monitors sit 3 people

How many are setting on toilets like I am?

[mccorvic]

You know, it's actually really fun to think that the BTC community finally has something positive to talk about and be excited over as opposed to the normal ponzi shiz.

[BitcoinHoarder]

You know, it's actually really fun to think that the BTC community finally has something positive to talk about and be excited over as opposed to the normal ponzi shiz.

So after today its back to ponzi for 4 years?

[mccorvic]

You know, it's actually really fun to think that the BTC community finally has something positive to talk about and be excited over as opposed to the normal ponzi shiz.

So after today its back to ponzi for 4 years?

Oh jebus I hope not

[chriswilmer]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

Link?!

[ingrownpocket]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

Link?!

https://blockchain.info/en

[Come-from-Beyond]

Пepвыйнax 

[mcgravier]

[Remember remember the 5th of November]

210,000

[BTC-engineer]

FINALLY!

[knight22]

What a historical event!!

[Quantus]

I would like to thank the creators of Bitcoin!
I know your out there guys! Thank you!  

[ingrownpocket]

https://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e

[BitcoinHoarder]

HAPPY HALVING! (TO SLUSH!)

[Vod]

CONGRATS ALL!

[IIOII]

Happy halving day!

[Sysrq]

See you all in 4 years !  

[BkkCoins]

C'mon, C'mon - Spit it out already!

Block #210000
Summary
Number Of Transactions    457
Output Total    25,421.70093021 BTC
Estimated Transaction Volume    5,641.99105494 BTC
Transaction Fees    13.56295554 BTC
Height    210000 (Main Chain)
Timestamp    2012-11-28 15:24:38
Received Time    2012-11-28 15:24:55
Relayed By    Slush
Difficulty    3,438,908.96
Bits    436527338
Size    194.4580078125 KB
Version    2
Nonce    4069828196
Block Reward    25 BTC

Nice fireworks Piuk. You rule!

And my transaction got into the block. Uh huh!

[mccorvic]

Happy New Year...i mean...wut?

[Polvos]

Happy halving day. Slush got the block. Congratulations!

[Arto]

Fireworks at http://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e

[Yuhfhrh]

Slush, who had the lucky share?

[ingrownpocket]

[herzmeister]

[obligatory post in historical thread to show to grandchildren]

[Jan]

Grats to Slush

[thoughtfan]

I would like to thank the creators of Bitcoin!
I know your out there guys! Thank you!  

+1 - and to all you folk who have played your role mining, trading, hoarding, talking about - whatever it is that got Bitcoin to where it is today.  It could have been very different.  Now let's see what the future brings

[nokru]

it was slush' pool - and the firework on bitcoinchain was nice

honor to contribute to the pool (but it wasn't my share :/) - who wants an autogram?

[Liquid]

Nice Grats every one 

[phelix]

helau!

satoshi, thank you for all the fun!

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

sweet!

[Frequency]

At least 700 people watching on blockchain right now. There should be a little something extra on the #210000 page.

At least... behind one of those 700 monitors sit 3 people

How many are setting on toilets like I am?

Moi

[yaffare]

13BTC!!! fee on block 210000

[gilgil]

https://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e

Nice fireworks :-)
Well done blockchain.info!

[craked5]

GRATSS BTC

[wormbog]

Congratulations everyone! I predict the next 4 years will be much more exciting than the last four!!

[Vod]

We still talking about this?    

[cbeast]

Happy Half-Life Day, Bitcoin!

[coretechs]

w00t!

[mcgravier]

And may the hashrate be with you!

[Immuzikation]

https://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e

Nice fireworks :-)
Well done blockchain.info!

 

[Phinnaeus Gage]

[obligatory post in historical thread to show to grandchildren]

obligatory +1

[Rygon]

Yay! Success! Bitcoin didn't crash!

[CosicMiner]

Happy halving!

[jackmaninov]

If you're on Slush's pool, go check your stats page to see if you mined it!

[juggalodarkclow]

[obligatory post in historical thread to show to grandchildren]

obligatory +1

obligatory this

[BitCoiner2012]

There you have it, liked the fireworks, hmm..  Happy going forward everyone.

[spiccioli]

Someone sent me a tip thanks buddy, really appreciated!

spiccioli

[DoomDumas]

Happy Halving Day

On my side, I'll go drink a beer with the only bitcoiner I know 500 km arround  I Live quite far of any city with more than 30k pop.

Hope there will be major events for the second halving day

Have fun on this first halving day !

[tvasconcelos]

+1 on the show your kids moment!!

[foo]

CONGRATS, SLUSH!

Bitcoin Clock started counting down to the next one:

Reward-Drop ETA: 2016-11-25 23:37:25 UTC (208 weeks, 2 days, 8 hours)

[joecooin]

Newsflash:

a first and brief research carried out by the Crypto Economics Consulting Group in Berlin indicates that:

the planet seems to still be rotating at it's normal angle and speed!

pls stay tuned to get more information in the unlikely event that this should still change ... !

joe

[ildubbioso]

We were here! 

[slothbag]

Happy Halving day everyone!

Congrats to Slush for taking out block 210000 and netting an impressive 13btc in transaction fees!

Thanks to Piuk for the awesome fireworks on the blockchain.info site, who knows maybe in 2016 we'll have real fireworks

Thanks to the Dev Team for all their hard work making Bitcoin better and better.

Thanks to Satoshi for setting human kind down a new path towards true freedom!

And thanks to everyone who got into the Halving day spirit and made it a success

See you back here in 4 years!

[Cosmos]

Heigh ho!  Its off to work we go! Woohooo.

https://www.youtube.com/watch?v=VvYnss7C_Ms&feature=youtube_gdata_player

[Otoh]

Loved the firework & the great timing, it's my birthday Yey! Champagne & bubbles all round

[finway]

Great!

[Herodes]

Thanks to Piuk for the awesome fireworks on the blockchain.info site, who knows maybe in 2016 we'll have real fireworks

In 2016, we should have a really big celebration in some major town on each continent.

[oOoOo]

[obligatory post in historical thread to show to grandchildren]

+1

Congratulations everyone! I predict the next 4 years will be much more exciting than the last four!!

is that even possible?  

[Rassah]

Happy halving day! I am sadly stuck at work, so ALMOST missed it (was "celebrating" on my phone)

[Buffer Overflow]

Roll on block 420,000.

[Nick]

^{[Also partaking in the circlejerk for future boasting in front of grandchildren]}

[cadillac]

Should old block rates be forgot, and never (hic) brought to mind?  (hic)   o o

[hazek]

[obligatory post in historical thread to show to grandchildren]

obligatory +1

obligatory this

Someone on reddit posted:

One small integer division for a CPU, one huge leap for mankind.

[slush]

If you're on Slush's pool, go check your stats page to see if you mined it!

It was mined by user 'luckybear' :-D. He's pretty new on the pool, mining with average GPU...

[shwoop]

If you're on Slush's pool, go check your stats page to see if you mined it!

It was mined by user 'luckybear' :-D. He's pretty new on the pool, mining with average GPU...

Lucky guy.

[mb300sd]

Woke up 5 minutes before it was found!  WHO TURNED UP THE HASH RATE? 

[Spekulatius]

Happy HALVING EVERYBODY!!! 

[adamstgBit]

Happy HALVING EVERYBODY!!! 

once every 4 years, for all time!

Happy HALVING day 

[dvide]

https://i.imgur.com/kmYSV.jpg

[maxl]

Happy halving Day!

[Fcx35x10]

Eveyone should remember today. Now we wait like the Olympics for the next block halving

[juggalodarkclow]

Block halving, a luner eclipse, and the largest Powerball lottery all in one day.. the end is near lol

[keystroke]

Woke up 5 minutes before it was found!  WHO TURNED UP THE HASH RATE? 

I shouldn't have hit snooze again! Thought it would happen a bit later in the day!

[SysRun]

I blinked, what did I miss?

[DeathAndTaxes]

Happy halving day everyone.  In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.


It is kinda weird seeing blocks with a 25 BTC subsidy though ...

[Mageant]

Block halving, a luner eclipse, and the largest Powerball lottery all in one day.. the end is near lol

You forgot the premier of the "The Hobbit" movie.

[TravisE]

Where have I been? I knew it was happening relatively soon, but I don't remember it happening this soon.  Where'd all that time go?

[nobbynobbynoob]

That's a clever 'shop. I've shared this on my Facebook and G+. Give me a Bitcoin address if you'd like a tip for this.

[2GOOD]

http://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e

Fireworks are everywhere 

[Gabi]

Happy Halving Day! 

[uuidman]

Hooraay everyone, Yiihoo
Happy halving Day!

[dvide]

That's a clever 'shop. I've shared this on my Facebook and G+. Give me a Bitcoin address if you'd like a tip for this.

Aw thanks! 1GVPy6p4PtTiGoc1BW14ZMPLMKDRDABDVS

[Technomage]

Happy halving day everyone.  In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.

+1

I wish everyone a Happy halving day as well!

[neuronics]

Congrats & thanks to everyone contributing to this great project !  Keep up the good spirit.

[mc_lovin]

w0000t happy halving everyone!!!!!!

[Cryptoman]

It's nice to see that all the naysayers were wrong, that the hash rate didn't suddenly plummet when block 210,000 was hit.

[paraipan]

Happy halving day 

[slush]

It's nice to see that all the naysayers were wrong, that the hash rate didn't suddenly plummet when block 210,000 was hit.

Give it some time. I would be really surprised if the hasrate won't change.

[shwoop]

It's nice to see that all the naysayers were wrong, that the hash rate didn't suddenly plummet when block 210,000 was hit.

Give it some time. I would be really surprised if the hasrate won't change.

I don't think anyone suggested half of the network was sitting next to a switch waiting for 210000.
It will take some time for the affect of the halving to make its way through the network.
I'm sure a lot of gamer/miner chaps out there aren't aware of the halving and probably won't notice the drop in revenue for a while.

[DoomDumas]

If you're on Slush's pool, go check your stats page to see if you mined it!

It was mined by user 'luckybear' :-D. He's pretty new on the pool, mining with average GPU...

LuckyBear has found it as stated by Slush !!!   Gratz !


I'd prefer a nickname like LuckyBull

[FreeMoney]

Seals Block Part Tourney was a success, 108 entrants and 215 rebuys. I'm nearly positive this is the largest turnout for a paid entry bitcoin tournament.

[FreeMoney]

Twenty players won prizes, Svarne2 took first place for 7BTC even.

[marcus_of_augustus]

Actually it was kind of cool to see hashrate shoot up with the latent capacity coming on-line to find the 210,000 block .... if there is ever a genuine 51% attack it means we can always "call up the militia reservists" ... ... knives, muskets bayonets, pitchforks, gpus, cpus and still they came

[bitstarter]

So sweet it is! sweet lord Jesus!

[MoonShadow]

It's nice to see that all the naysayers were wrong, that the hash rate didn't suddenly plummet when block 210,000 was hit.

Give it some time. I would be really surprised if the hasrate won't change.

I don't think anyone suggested half of the network was sitting next to a switch waiting for 210000.
It will take some time for the affect of the halving to make its way through the network.
I'm sure a lot of gamer/miner chaps out there aren't aware of the halving and probably won't notice the drop in revenue for a while.

I'd be really surprised if the hashrate didn't change either, but keep things in perspective.  Even if the hashrate were to cut right in half, it was running at over 300 Teraflops at the flip.  Even half that is way more than is reachable by the top 10 fastest supercomputers on Earth combined.  It was never really intended that mining would be particularly profitable.  It was expected, very early, that the major miners would slowly gravitate to the colder climates and areas that electric service was particularly cheap.  The city that I expect that most mining will occur is in basements across Reykjavik, Iceland; once this whole Bitcoin project achieves international mainstream acceptance.

[MoonShadow]

Actually it was kind of cool to see hashrate shoot up with the latent capacity coming on-line to find the 210,000 block .... if there is ever a genuine 51% attack it means we can always "call up the militia reservists" ... ... knives, muskets bayonets, pitchforks, gpus, cpus and still they came

Yes, that's another thing.  There is massive amounts of reserve capacity for this network as well, most of which would be a net loss for the operators; but with the right motives can be brought to bear under such need.

[Dansker]

Happy Halving day everybody!

[kano]

Heh amazing how the block rate has increased.
You'd think ASIC was up and running - but not a sign of it from any one of the big 4 working on it
(BFL, bASIC, Avalon, ASICMINER)

Yeah 210000 was 38.5 BTC
The next 2 were 25.5 BTC so not too shabby either.

So looking at my guesses - not a single one correct for the final time but all the diff changes before it were fine

The actual final time simply kept get earlier and earlier as the block rate kept increasing.
The block rate really has jumped up and it has been since the last difficulty change in the 337 blocks up to halving.

So some amazing block counts as at right now - block 210040
last 144 blocks (usually 1 day) average: 7m 37.65s +31.10%
last 288 blocks (usually 2 days) average: 8m 39.24s +15.55%
last 432 blocks (usually 3 days) average: 8m 55.30s +12.09%

And of course the last 2 difficulty changes were 2.08% and 1.9% so either amazing luck changes since those small diff changes or more likely the network hash rate has really gone up quite noticeably in the last few days.

I guess we'll see again in the next few days.

Edit: and note I specifically say 'block rate' not hash rate.
Although everyone likes to call it the network hash rate, it actually is simply a calculation based purely on the block rate.
Although that is not a too inaccurate estimation of the network hashrate - it is only an estimation - since it is random statistics we are dealing with and even a '2 week' 2016 sample is not overly accurate ... (1 day samples and graphs showing them as 'hash rate' are almost random numbers IMO)

[yogi]

So who had their money on -
Hash rate and transactions will sky rocket but price remain the same?

[Michael_S]

Happy Halving Day!
And my best wishes to all the BTCTC community and to the bitcoin project, and to all the contributors to the bitcoin ecosystem!

("Halving Day" happened 6 hours earlier than what I had predicted even just two days ago - maybe some ASIC manufacturers have already started making test runs in real-world-conditions [or have changed their business models?!?   ] and returned some share of the extra earnings in the form of extra-high transaction fees...)

For the friends of number mysticism:

• It happened on day 333 of the year 2012 (although I don't believe in things like --> this...).
• The average duration between two generated blocks turned out to be 9.774 minutes, which is quite precisely the same number as the lowest gravity that exist anywhere on earth (near the equator at higher altitudes) when expressed in m/s². One may interpret nice and positive things into this for the future... ;-)

For the friends of down-to-earth mathematics:
Here is the original forecast of bitcoin creation, given an ideal generation rate of 1 block per 10 minutes:

Code:

Time =        0 min =  3 Jan 2009:        0.00000000 Bitcoins exist. New block reward=50 BTC =5000000000 satoshis.
Time =  2100000 min =  1 Jan 2013: 10500000.00000000 Bitcoins exist. New block reward=25 BTC =2500000000 satoshis.
Time =  4200000 min = 28 Dez 2016: 15750000.00000000 Bitcoins exist. New block reward=12.5 BTC =1250000000 satoshis.
Time =  6300000 min = 26 Dez 2020: 18375000.00000000 Bitcoins exist. New block reward=6.25 BTC =625000000 satoshis.
Time =  8400000 min = 23 Dez 2024: 19687500.00000000 Bitcoins exist. New block reward=3.125 BTC =312500000 satoshis.
Time = 10500000 min = 20 Dez 2028: 20343750.00000000 Bitcoins exist. New block reward=1.5625 BTC =156250000 satoshis.
Time = 12600000 min = 18 Dez 2032: 20671875.00000000 Bitcoins exist. New block reward=0.78125 BTC =78125000 satoshis.
Time = 14700000 min = 15 Dez 2036: 20835937.50000000 Bitcoins exist. New block reward=0.39062 BTC =39062500 satoshis.
Time = 16800000 min = 12 Dez 2040: 20917968.75000000 Bitcoins exist. New block reward=0.19531 BTC =19531250 satoshis.
Time = 18900000 min = 10 Dez 2044: 20958984.37500000 Bitcoins exist. New block reward=0.097656 BTC =9765625 satoshis.
Time = 21000000 min =  7 Dez 2048: 20979492.18750000 Bitcoins exist. New block reward=0.048828 BTC =4882812 satoshis.
Time = 23100000 min =  4 Dez 2052: 20989746.09270000 Bitcoins exist. New block reward=0.024414 BTC =2441406 satoshis.
Time = 25200000 min =  2 Dez 2056: 20994873.04530000 Bitcoins exist. New block reward=0.012207 BTC =1220703 satoshis.
Time = 27300000 min = 29 Nov 2060: 20997436.52160000 Bitcoins exist. New block reward=0.0061035 BTC =610351 satoshis.
Time = 29400000 min = 26 Nov 2064: 20998718.25870000 Bitcoins exist. New block reward=0.0030518 BTC =305175 satoshis.
Time = 31500000 min = 24 Nov 2068: 20999359.12620000 Bitcoins exist. New block reward=0.0015259 BTC =152587 satoshis.
Time = 33600000 min = 21 Nov 2072: 20999679.55890000 Bitcoins exist. New block reward=0.00076293 BTC =76293 satoshis.
Time = 35700000 min = 18 Nov 2076: 20999839.77420000 Bitcoins exist. New block reward=0.00038146 BTC =38146 satoshis.
Time = 37800000 min = 16 Nov 2080: 20999919.88080000 Bitcoins exist. New block reward=0.00019073 BTC =19073 satoshis.
Time = 39900000 min = 13 Nov 2084: 20999959.93410000 Bitcoins exist. New block reward=9.536e-05 BTC =9536 satoshis.
Time = 42000000 min = 10 Nov 2088: 20999979.95970000 Bitcoins exist. New block reward=4.768e-05 BTC =4768 satoshis.
Time = 44100000 min =  8 Nov 2092: 20999989.97250000 Bitcoins exist. New block reward=2.384e-05 BTC =2384 satoshis.
Time = 46200000 min =  5 Nov 2096: 20999994.97890000 Bitcoins exist. New block reward=1.192e-05 BTC =1192 satoshis.
Time = 48300000 min =  2 Nov 2100: 20999997.48210000 Bitcoins exist. New block reward=5.96e-06 BTC =596 satoshis.
Time = 50400000 min = 31 Oct 2104: 20999998.73370000 Bitcoins exist. New block reward=2.98e-06 BTC =298 satoshis.
Time = 52500000 min = 28 Oct 2108: 20999999.35950000 Bitcoins exist. New block reward=1.49e-06 BTC =149 satoshis.
Time = 54600000 min = 25 Oct 2112: 20999999.67240000 Bitcoins exist. New block reward=7.4e-07 BTC =74 satoshis.
Time = 56700000 min = 23 Oct 2116: 20999999.82780000 Bitcoins exist. New block reward=3.7e-07 BTC =37 satoshis.
Time = 58800000 min = 20 Oct 2120: 20999999.90550000 Bitcoins exist. New block reward=1.8e-07 BTC =18 satoshis.
Time = 60900000 min = 17 Oct 2124: 20999999.94330000 Bitcoins exist. New block reward=9e-08 BTC =9 satoshis.
Time = 63000000 min = 15 Oct 2128: 20999999.96220000 Bitcoins exist. New block reward=4e-08 BTC =4 satoshis.
Time = 65100000 min = 12 Oct 2132: 20999999.97060000 Bitcoins exist. New block reward=2e-08 BTC =2 satoshis.
Time = 67200000 min =  9 Oct 2136: 20999999.97480000 Bitcoins exist. New block reward=1e-08 BTC =1 satoshi.
Time = 69300000 min =  7 Oct 2140: 20999999.97690000 Bitcoins exist. New block reward=0 BTC =0 satoshis.

Here is the adjusted forecast of bitcoin creation, given a generation rate of 1 block per 9.774 minutes (assuming that hash power will continue growing in a similar way as it did up to now, such that difficulty adjustments will continue lagging behind a bit):

Code:

Time =        0 min =  3 Jan 2009:        0.00000000 Bitcoins exist. New block reward=50 BTC =5000000000 satoshis.
Time =  2052540 min = 28 Nov 2012: 10500000.00000000 Bitcoins exist. New block reward=25 BTC =2500000000 satoshis.
Time =  4105080 min = 24 Oct 2016: 15750000.00000000 Bitcoins exist. New block reward=12.5 BTC =1250000000 satoshis.
Time =  6157620 min = 18 Sep 2020: 18375000.00000000 Bitcoins exist. New block reward=6.25 BTC =625000000 satoshis.
Time =  8210160 min = 13 Aug 2024: 19687500.00000000 Bitcoins exist. New block reward=3.125 BTC =312500000 satoshis.
Time = 10262700 min =  9 Jul 2028: 20343750.00000000 Bitcoins exist. New block reward=1.5625 BTC =156250000 satoshis.
Time = 12315240 min =  3 Jun 2032: 20671875.00000000 Bitcoins exist. New block reward=0.78125 BTC =78125000 satoshis.
Time = 14367780 min = 29 Apr 2036: 20835937.50000000 Bitcoins exist. New block reward=0.39062 BTC =39062500 satoshis.
Time = 16420320 min = 24 Mar 2040: 20917968.75000000 Bitcoins exist. New block reward=0.19531 BTC =19531250 satoshis.
Time = 18472860 min = 16 Feb 2044: 20958984.37500000 Bitcoins exist. New block reward=0.097656 BTC =9765625 satoshis.
Time = 20525400 min = 12 Jan 2048: 20979492.18750000 Bitcoins exist. New block reward=0.048828 BTC =4882812 satoshis.
Time = 22577940 min =  7 Dez 2051: 20989746.09270000 Bitcoins exist. New block reward=0.024414 BTC =2441406 satoshis.
Time = 24630480 min =  2 Nov 2055: 20994873.04530000 Bitcoins exist. New block reward=0.012207 BTC =1220703 satoshis.
Time = 26683020 min = 27 Sep 2059: 20997436.52160000 Bitcoins exist. New block reward=0.0061035 BTC =610351 satoshis.
Time = 28735560 min = 22 Aug 2063: 20998718.25870000 Bitcoins exist. New block reward=0.0030518 BTC =305175 satoshis.
Time = 30788100 min = 18 Jul 2067: 20999359.12620000 Bitcoins exist. New block reward=0.0015259 BTC =152587 satoshis.
Time = 32840640 min = 12 Jun 2071: 20999679.55890000 Bitcoins exist. New block reward=0.00076293 BTC =76293 satoshis.
Time = 34893180 min =  8 May 2075: 20999839.77420000 Bitcoins exist. New block reward=0.00038146 BTC =38146 satoshis.
Time = 36945720 min =  2 Apr 2079: 20999919.88080000 Bitcoins exist. New block reward=0.00019073 BTC =19073 satoshis.
Time = 38998260 min = 25 Feb 2083: 20999959.93410000 Bitcoins exist. New block reward=9.536e-05 BTC =9536 satoshis.
Time = 41050800 min = 21 Jan 2087: 20999979.95970000 Bitcoins exist. New block reward=4.768e-05 BTC =4768 satoshis.
Time = 43103340 min = 16 Dez 2090: 20999989.97250000 Bitcoins exist. New block reward=2.384e-05 BTC =2384 satoshis.
Time = 45155880 min = 11 Nov 2094: 20999994.97890000 Bitcoins exist. New block reward=1.192e-05 BTC =1192 satoshis.
Time = 47208420 min =  6 Oct 2098: 20999997.48210000 Bitcoins exist. New block reward=5.96e-06 BTC =596 satoshis.
Time = 49260960 min =  1 Sep 2102: 20999998.73370000 Bitcoins exist. New block reward=2.98e-06 BTC =298 satoshis.
Time = 51313500 min = 27 Jul 2106: 20999999.35950000 Bitcoins exist. New block reward=1.49e-06 BTC =149 satoshis.
Time = 53366040 min = 21 Jun 2110: 20999999.67240000 Bitcoins exist. New block reward=7.4e-07 BTC =74 satoshis.
Time = 55418580 min = 17 May 2114: 20999999.82780000 Bitcoins exist. New block reward=3.7e-07 BTC =37 satoshis.
Time = 57471120 min = 11 Apr 2118: 20999999.90550000 Bitcoins exist. New block reward=1.8e-07 BTC =18 satoshis.
Time = 59523660 min =  6 Mar 2122: 20999999.94330000 Bitcoins exist. New block reward=9e-08 BTC =9 satoshis.
Time = 61576200 min = 30 Jan 2126: 20999999.96220000 Bitcoins exist. New block reward=4e-08 BTC =4 satoshis.
Time = 63628740 min = 25 Dez 2129: 20999999.97060000 Bitcoins exist. New block reward=2e-08 BTC =2 satoshis.
Time = 65681280 min = 20 Nov 2133: 20999999.97480000 Bitcoins exist. New block reward=1e-08 BTC =1 satoshi.
Time = 67733820 min = 15 Oct 2137: 20999999.97690000 Bitcoins exist. New block reward=0 BTC =0 satoshis.

And finally, here is the code in case you want to generate these outputs for yourself (runs on Matlab or GNU Octave):

Code:

% Uncomment the PGP signature tags at the beginning and at the end of the file before verifying the signature

%-----BEGIN PGP SIGNED MESSAGE-----
%Hash: SHA1

function blockreward(Time_in_minutes_per_block)
% function blockreward()
% function blockreward(Time_in_minutes_per_block)
%
% Time_in_minutes_per_block = The average time that it takes the bitcoin network for generating one block.
% * Default (no argument)                                  : 10.000
% * Average till first block reward halving on 28 Nov 2012 :  9.774
%
% ---------------------------------------------------------------------------------------------------------
% This m-function calculates the bitcoin generation over time when assuming that the block genertion rate
% matches a fixed value of e.g. 10 minutes per block.
%   Note that in practice the actual block generation rate will likely be a little faster because the total
% hashing power of the bitcoin network increases continuously while the difficulty is only adjusted every
% 2016 blocks (=ca. 2 weeks) and therefore always lags behind the actual hashing power.
%   Therefore, for the time period from the start of the bitcoin network until the first halving of the
% block reward, it took only 3.90 instead of 3.99 years, corresponding to an average of 9.774 instead of
% 10.000 minutes per generated block.
% ---------------------------------------------------------------------------------------------------------
% According to the Bitcoin protocol:
%
% Every 210000 blocks the blockreward halfs.
%
% Average block generation rate = 1 block per 10 minutes,
% (difficulty adjusted every 2016 blocks = ca. every 2 weeks).
%
% Starting block reward = 50 BTCs.
%
% On 3 January 2009 at 18:15:05 UTC bitcoin block generation has started (creation of ths "genesis block"):
%     http://blockexplorer.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
%     http://blockchain.info/block-height/0
% On 28 November 2012 at 15:24:38 UTC block number 210000 was generated, the first block with block
% reward halved to 25 BTC:
%     http://blockexplorer.com/block/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e
%     http://blockchain.info/block-height/210000
%     http://blockchain.info/block-index/322335/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e
%
% 1 day = 24*60 = 1440 minutes, and 1 year = 365.25 days in this file.
%
% The smallest unit is 1 satoshi = 1e-8 BTC.
%
% ----------------------------------------------------------------------------------------------------
% This script works with Matlab (tested with R2007b) and GNU Octave 3.0.0 (tested with version 3.0.0)
%
% Written on Planet Earth on 28 Nov 2012 = Day 333 of the year 2012,
% by Michael_S of bitcointalk.org (PGP key 0xCC7E7C99, bitcoin:14ajM1BHY7E8GJ4DGGvtFFGmE15hSSSRJR)
% ----------------------------------------------------------------------------------------------------

if nargin==0,
    Time_in_minutes_per_block =10.000;%  <-- Design value of the bitcoin protocol
    %Time_in_minutes_per_block = 9.774;% <-- avg. time till 1st block reward halving on 28 Nov 2012
end


%% 0 - Parameters:
Block_reward_start = 50;% =50
Block_nb_block_reward_halving = 210000;% =210000
satoshi = 1e-8;% smallest unit = 1 satoshi = 1e-8 BTC

block_generation_start_in_absolute_year = 2009.00756;% On 3 January 2009 at 18:15:05 bitcoin block generation has started.
% (http://blockexplorer.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f)
% (http://blockchain.info/block-height/0)


%% 1 - Calculations:
Month{1}  = 'Jan'; NbDays = [31,28,31,30,31,30,31,31,30,31,30,31];
Month{2}  = 'Feb'; NbDaysAccu(1) = NbDays(1); NbDaysAccu(2) = NbDaysAccu(1)+NbDays(2);
Month{3}  = 'Mar'; NbDaysAccu(3) = NbDaysAccu(2)+NbDays(3);
Month{4}  = 'Apr'; NbDaysAccu(4) = NbDaysAccu(3)+NbDays(4);
Month{5}  = 'May'; NbDaysAccu(5) = NbDaysAccu(4)+NbDays(5);
Month{6}  = 'Jun'; NbDaysAccu(6) = NbDaysAccu(5)+NbDays(6);
Month{7}  = 'Jul'; NbDaysAccu(7) = NbDaysAccu(6)+NbDays(7);
Month{8}  = 'Aug'; NbDaysAccu(8) = NbDaysAccu(7)+NbDays(8);
Month{9}  = 'Sep'; NbDaysAccu(9) = NbDaysAccu(8)+NbDays(9);
Month{10} = 'Oct'; NbDaysAccu(10) = NbDaysAccu(9)+NbDays(10);
Month{11} = 'Nov'; NbDaysAccu(11) = NbDaysAccu(10)+NbDays(11);
Month{12} = 'Dez'; NbDaysAccu(12) = NbDaysAccu(11)+NbDays(12);

bitcoins_existing = 0;
reward_unrounded = 2*Block_reward_start; % starting value - will immediately be halfed in the while loop before everything starts
reward = reward_unrounded;
minutes = 0; % time counter in minutes

time_vector_min = [];
bitcoins_vector = [];
reward_vector = [];
while reward >= satoshi,
    reward_unrounded = reward_unrounded / 2;
    % round down to multiple of 1 satoshi = 1e-8 BTC:
    reward = floor(reward_unrounded/satoshi)*satoshi;
    %reward_unrounded = reward;% <-- this line makes no difference whether activated or commented out.
    time_vector_min = [time_vector_min; minutes];
    bitcoins_vector= [bitcoins_vector; bitcoins_existing];
    reward_vector = [reward_vector, reward];
    Current_Year = block_generation_start_in_absolute_year+minutes/60/24/365.25;
    CurrentDayOfYear = 365*(Current_Year-floor(Current_Year));
    CurrentMonth = find((NbDaysAccu-CurrentDayOfYear)>0, 1);
    if CurrentMonth==1,
        CurrentDayOfMonth = CurrentDayOfYear;
    else
        CurrentDayOfMonth = CurrentDayOfYear - NbDaysAccu(CurrentMonth-1);
    end
    CurrentDayOfMonth = min(NbDays(CurrentMonth), (max(1, round(CurrentDayOfMonth))));
    nb_of_leading_spaces = max(0, 9 - max(1, ceil(log10(minutes+1))));
    space_padding = repmat(' ',1,nb_of_leading_spaces);
    space_padding_day = repmat(' ',1, 2-ceil(log10(CurrentDayOfMonth+1)));
    be = bitcoins_existing;% temporary short variable
    be = round((be-(be-floor(be*1e4)/1e4))*1e8)/1e8;% remove numerical artifacts
    space_padding_be = repmat(' ',1, 8-ceil(log10(max(1,be)+1)));
    disp(['Time =',[space_padding, num2str(round(minutes),'%0.9g')],' min = ',[space_padding_day, num2str(CurrentDayOfMonth)], ...
        ' ',Month{CurrentMonth},' ',num2str(floor(Current_Year)),': ',...
        [space_padding_be, num2str(be,'%0.8f')],' Bitcoins exist. New block reward=',num2str(reward),' BTC =',num2str(reward/satoshi),' satoshis.']);
    %
    minutes = minutes + Block_nb_block_reward_halving*Time_in_minutes_per_block;
    bitcoins_existing = bitcoins_existing + reward*Block_nb_block_reward_halving; % this many new block were generated
end


%% 2 - Plot Diagrams:
time_vector_years = time_vector_min/60/24/365.25;
time_vector_year_absolute = time_vector_years + block_generation_start_in_absolute_year;
bitcoins_vector_remain = bitcoins_vector(end) - bitcoins_vector;


figure;
ha = plot(time_vector_year_absolute, bitcoins_vector/1e6,'b.-'); hold on;
hb = plot(time_vector_year_absolute, bitcoins_vector_remain/1e6,'r'); hold on;
%legend([ha,hb],'Bitcoins existing','Bitcoins pending','location','southeast');% <-- syntax incompatible with GNU Octave
legend('Bitcoins existing','Bitcoins pending','location','southeast');% <-- compatible syntax!
plot([time_vector_year_absolute(1), time_vector_year_absolute(end)], [bitcoins_vector(end),bitcoins_vector(end)]/1e6, 'k-'); hold on;

title(['Bitcoins in existence over time (one block per ',num2str(Time_in_minutes_per_block),' min)']);
xlabel('Year (e.g. year "2012.91" means 28 Nov 2012 = 91% into year 2012)');
ylabel('Bitcoins / millions');
grid on;
axis([floor(time_vector_year_absolute(1)), ceil(time_vector_year_absolute(end)), 0, 1+ceil(bitcoins_vector(end))/1e6]);


figure;
% fill the data with 200-times the same ... (roughly 1 dot per week)
y = reshape(repmat(reward_vector, 200, 1), 1, 200*length(reward_vector));
y = y(1:end-199);
dx = (time_vector_year_absolute(end)-time_vector_year_absolute(1))/(length(y)-1);
x = [time_vector_year_absolute(1):dx:time_vector_year_absolute(end)];

plot(x, y,'m.-'); hold on;
%semilogy(x, y,'m.-'); hold on;
title(['Block reward over time (one block per ',num2str(Time_in_minutes_per_block),' min)']);
xlabel('Year (e.g. year "2012.91" means 28 Nov 2012 = 91% into year 2012)');
ylabel('Block reward / BTC');
grid on;
axis([floor(time_vector_year_absolute(1)), ceil(time_vector_year_absolute(end)), 0, 1+ceil(reward_vector(1))]);

return;
%-----BEGIN PGP SIGNATURE-----
% Version: GnuPG v1.4.6 (GNU/Linux)
% 
% iD8DBQFQtmkV3WH/l8x+fJkRAtz7AJ94mSlE+JUVK7Caah1NYh07k5sqpQCcCtAV
% UR1YRCUbixH5RGSfIC8dU1g=
% =c7Tv
% -----END PGP SIGNATURE-----

[wareen]

Happy halving day to you all!

We had a nice after-halving get-together here in Vienna, because most people arrived late

Bitcoin's usefulness as a measure of value might be debatable but it absolutely sucks as a measure of time - I hate nondeterministic appointments

[FreeMoney]

Happy halving day to you all!

We had a nice after-halving get-together here in Vienna, because most people arrived late

Bitcoin's usefulness as a measure of value might be debatable but it absolutely sucks as a measure of time - I hate nondeterministic appointments

Flip a coin until you get 2845 streaks of more than 19 heads, that's when I'll arrive.

[interlagos]

Today is definitely a special day!
Just look at the statistics on this forum (for those of you who pay attention to numbers ):

Most Online Today: 1111.

[LightRider]

One small step in the endeavor to end money.

[Bitcoin Oz]

Heh amazing how the block rate has increased.
You'd think ASIC was up and running - but not a sign of it from any one of the big 4 working on it
(BFL, bASIC, Avalon, ASICMINER)

Yeah 210000 was 38.5 BTC
The next 2 were 25.5 BTC so not too shabby either.

So looking at my guesses - not a single one correct for the final time but all the diff changes before it were fine

The actual final time simply kept get earlier and earlier as the block rate kept increasing.
The block rate really has jumped up and it has been since the last difficulty change in the 337 blocks up to halving.

So some amazing block counts as at right now - block 210040
last 144 blocks (usually 1 day) average: 7m 37.65s +31.10%
last 288 blocks (usually 2 days) average: 8m 39.24s +15.55%
last 432 blocks (usually 3 days) average: 8m 55.30s +12.09%

And of course the last 2 difficulty changes were 2.08% and 1.9% so either amazing luck changes since those small diff changes or more likely the network hash rate has really gone up quite noticeably in the last few days.

I guess we'll see again in the next few days.

Edit: and note I specifically say 'block rate' not hash rate.
Although everyone likes to call it the network hash rate, it actually is simply a calculation based purely on the block rate.
Although that is not a too inaccurate estimation of the network hashrate - it is only an estimation - since it is random statistics we are dealing with and even a '2 week' 2016 sample is not overly accurate ... (1 day samples and graphs showing them as 'hash rate' are almost random numbers IMO)

If the reward has halved does that leave more room for transactions ?

[DoomDumas]

I like this one, pretty nice call

Someone on reddit posted:

One small integer division for a CPU, one huge leap for mankind.

[kano]

...

If the reward has halved does that leave more room for transactions ?

No - it's just a number in the coinbase transaction

Though if the block rate dropped that would be the opposite - more txns available per block (so less space)

[BkkCoins]

I like this one, pretty nice call

Someone on reddit posted:

One small integer division for a CPU, one huge leap for mankind.

It's good but not strictly accurate. No integer division is done per se, but the equivalent.
That is the subsidy amount starts at 50 and is right shifted one bit for each multiple of 210000 of the block height. So I guess the block height is divided but not the subsidy. A right shift of one bit is the same as dividing by two, a special case.

Maybe,

One right shift for a CPU, one huge leap for mankind.

[🏰 TradeFortress 🏰]

Happy halving day everyone.  In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.


It is kinda weird seeing blocks with a 25 BTC subsidy though ...

Yeah

I want to have mined a block with a 50 btc reward..

[World]

Happy halving day everyone.  In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.


It is kinda weird seeing blocks with a 25 BTC subsidy though ...

Yeah

I want to have mined a block with a 50 btc reward..

interesting chart but there is a long way to go yet
Network Deficit

[MoonShadow]

Happy halving day everyone.  In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.


It is kinda weird seeing blocks with a 25 BTC subsidy though ...

Yeah

I want to have mined a block with a 50 btc reward..

interesting chart but there is a long way to go yet
Network Deficit

I don't understand what that chart is trying to tell me.  What is the "network deficit"?

[Come-from-Beyond]

I don't understand what that chart is trying to tell me.  What is the "network deficit"?

It shows how much miners would earn if the block reward was 0 BTC (not 25 as currently). It's supposed that in the future miner's income will be mainly tx fees. The fees will cover expenses for mining (electricity). Now most of the miners would switch their hardware off if there was no 25 BTC given each block. Bitcoin will survive only if its price or fees will be high enough to cover expenses. If this doesn't happen then only a few computers will mine and a successful 51% attack will be easily achieved.

NB: I may be wrong in my interpretation of "network deficit".

[Frequency]

I don't understand what that chart is trying to tell me.  What is the "network deficit"?

It shows how much miners would earn if the block reward was 0 BTC (not 25 as currently). It's supposed that in the future miner's income will be mainly tx fees. The fees will cover expenses for mining (electricity). Now most of the miners would switch their hardware off if there was no 25 BTC given each block. Bitcoin will survive only if its price or fees will be high enough to cover expenses. If this doesn't happen then only a few computers will mine and a successful 51% attack will be easily achieved.

NB: I may be wrong in my interpretation of "network deficit".

Thats why I.. who believes in BTC for the long term will never ever shutdown my rigs even when i for some time make some loss knowing i already made money out of the system and becourse if you are a true Bitcoin believer you are willing to invest some time keeping the protocol alive ..untill ASIC will arrive true miners should keep mining...but thats just how i think about it im a true supporter of the project not only for the money ...money is what is killing this world...and I have enough to live well..

But I also will laugh IF one time 1 BTC reaches $100 or 1000 pp ....

[timeshareafrica]

Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.

[Morblias]

Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.

[SouthernComfort]

Interesting idea!

[kano]

Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.

No.

[SouthernComfort]

Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.

No.

How did you get your name in your Bitcoin address?! 

[kano]

Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.

No.

How did you get your name in your Bitcoin address?! 

Well, one way you can do it is:
https://bitcointalk.org/index.php?topic=25804.0

[Melbustus]

See you all in 4 years !  

Yup. Still here.

...Thanks to Piuk for the awesome fireworks on the blockchain.info site, who knows maybe in 2016 we'll have real fireworks
...
See you back here in 4 years!

Plenty of actual parties this year....wouldn't be surprised if there are indeed real fireworks somewhere this time.

Congratulations everyone! I predict the next 4 years will be much more exciting than the last four!!

Hah! You had no idea...



Welcome to the impending 12.5BTC/block era, everyone. Less than 24hours to go.

[The Sceptical Chymist]

Love seeing old threads like this get bumped at the appropriate times.  It's also nice to see legendary members chime in on them after years have gone by.  I won't say how much it arouses me but you can imagine.  Here's to the halving!

[Sweetbtc]

Love seeing old threads like this get bumped at the appropriate times.  It's also nice to see legendary members chime in on them after years have gone by.  I won't say how much it arouses me but you can imagine.  Here's to the halving!

I wonder if there will be a price increase at the halving day ?

[bitdumper]

sounds intresting but why yhis thread seems so old anyway tomorrow me any my little bitcoiners group is going to celibrate the bitcoin halving day.we will together see the market ups and downs

[hermanhs09]

Wow,my friend just called me that he got lucky trading at short term (with bitcoin) and he want's to celebrate a halving
with me and some couple of other friends haha
He is making a big party in his villa,that is going to be cool!

[AmDD]

The end is near....


7

EDIT: Yuhfhrh beat me to it

Still here as well.

See ya in another 4 years.

[StoreBit]

that is such a good idea. i appreciate your efforts. i will try my self and will do arrangement for celebrating the halving. i will collect some of my friends and will discuss the bitcoin in detail. i will do arrangement party for them in respect of halving day. hope they will get some important information about  bitcoin.

[Denker]

sounds intresting but why yhis thread seems so old anyway tomorrow me any my little bitcoiners group is going to celibrate the bitcoin halving day.we will together see the market ups and downs

The old threads are very often the best ones dude!
Especially here in this crazy forum.
We should bump this thread for each halving and could discuss in retrospect how far we have come so far.
I hope this thread will be on top tomorrow in this section for the whole day.Make a nice posting and become part of the history!
See you guys in 2020!

[Ente]

Leipzig, Germany, checking in! :-)

Ente

[HarryKPeters]

sounds intresting but why yhis thread seems so old anyway tomorrow me any my little bitcoiners group is going to celibrate the bitcoin halving day.we will together see the market ups and downs

The old threads are very often the best ones dude!
Especially here in this crazy forum.
We should bump this thread for each halving and could discuss in retrospect how far we have come so far.
I hope this thread will be on top tomorrow in this section for the whole day.Make a nice posting and become part of the history!
See you guys in 2020!

If's funny even I am excited because it is a big day for bitcoin. Whatever will happen price wise, this will be history.
I am really curious if we can see a downward trend in hash rate the coming weeks after the halving.

[vero]

let's see if halving will give you happiness or sadness when viewed prices silent perhaps this would be a sad day for all holders of bitcoin. happy halving day

[Palakka]

we expected the block halving tomorrow the price will be rise
but its depends supply and demand in the market.

[Akupuniard]

In 20 hours will see what happen to bitcoin, i hope it will be ineteresting, i can't wait already. After halving will drink something 

[ShrykeZ]

Hold onto your seats, almost there now, best wishes to Bitcoin

[woola3]

I wonder, will the btc rocket on http://www.thehalvening.com/#1 launch tomorrow? Hope for a special animation!

[angaper]

I also hope this expected event brings us something to celebrate, but even in the eventual case that the worst scenarios and predictions come true, we will learn a lot of things to avoid these kind of speculations in future halving events.

[Lord1700]

lets print t-shirts!

i like this idea. someone should start design those t-shirt. really love to get one.

[liveflipcoin]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

[vodaljepa]

We are almost there boys

[Doamader]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

If you are expecting such increase just forget, on that time bitcoin community were just some, maybe 500 members, soo the new ones were able or the olders to make pressure. Bitcoin wont grow such this time as bitcoin are present at several hands instead just some as on that halving.

[marcus_of_augustus]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

12 months almost exactly.

[Decoded]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

12 months almost exactly.

Then we'll hope for a steady rise over 12 months, not the sudden spike up that everyone dreams of. That would just mean a bubble and put us in a horrible situation.

[marcus_of_augustus]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

12 months almost exactly.

Then we'll hope for a steady rise over 12 months, not the sudden spike up that everyone dreams of. That would just mean a bubble and put us in a horrible situation.

there are no bubbles, only adoption waves that sometimes get ahead of themselves.

(A bubble price goes back below what it began at, bitcoin price has never done that, yet.)

[Dissonance]

Don't expect the price to respond.  If you believe in efficient market theory the halving is already priced in since everyone knows is going to  happen.

[marcus_of_augustus]

Don't expect the price to respond.  If you believe in efficient market theory the halving is already priced in since everyone knows is going to  happen.

... everyone knows that the fiat monetary system will collapse, why hasn't that been priced in to the dollar?

[Nevis]

I have a proposal for a new celebration called "Halving Day".

The celebration would coincide with the Bitcoin block halving that occurs once every 4 years.  Given the random nature of blocks being found, the day cannot be set until probably a few months before the actual day.

The purpose of the celebration is to simply get together with fellow bitcoiners and celebrate this wonderful invention called Bitcoin.  I would like to see large organised events similar in nature to what we see for New Years celebrations around the world.

Similar to New Years, there could be a live broadcast on a big screen (see bitcoinclock.com) or loud speaker that announces the first halved block in realtime for a bit of arbitrary back slapping and high five'ing.

Other activities could be combined into the celebrations, maybe charity fund raises or company announcements or awards ceremonies..

If nothing else, even just printing some posters saying "happy halving day", or wishing strangers in the street a "happy halving day".

Eventually I would like to see this event become as popular as other 4 year events like the Olympics and World Cup.

So lets get ready to celebrate the inaugural Halving Day in 6 weeks time on the 30-Nov-2012.

Happy halving day!

This is a very old post but halving 2016 is coming so I will greet everyone happy halving day. I hope that it will also be shown on TV a grand celebration of halvening. It's not clear if there's a celebration since there are no announcement. But I'm happy since bitcoin has reached another halving. Bitcoiners wish bitcoins to survive and will celebrate more halving.

[SmartIphone]

4 years later after this thread was created the halving is going to happen again, and now there are 93 blocks left until 420,000th block.
It is expected to happen today (UTC time) and let's see what will happen with the bitcoin price, I'm excited to see the surprises.

[Breakfastchief]

Just 15 hours to go And I'm very excited to see the effects on the price.  I think it'll be a roller coaster ride and the price will settle back down shortly thereafter.

[GreenBits]

Are there traditional customs and foodstuffs for this holiday? Also, do you think my boss will understand if I call in work late, scream "Happy Halving Day!", and hang up?

What should I wear?

[liveflipcoin]

It's gonna go up to $5k for a bit then settle down, obviously. -Satoshi N.

[JeffBrad12]

4 years later after this thread was created the halving is going to happen again, and now there are 93 blocks left until 420,000th block.
It is expected to happen today (UTC time) and let's see what will happen with the bitcoin price, I'm excited to see the surprises.

But maybe the situation of this halving is very different with the previous halving because until this time we can't show the marking of halving or impact from halving to the bitcoin, the price just stable and a lot of people feels it. maybe this halving has become the worst halving in bitcoin history.

[Searing]

4 years later after this thread was created the halving is going to happen again, and now there are 93 blocks left until 420,000th block.
It is expected to happen today (UTC time) and let's see what will happen with the bitcoin price, I'm excited to see the surprises.

But maybe the situation of this halving is very different with the previous halving because until this time we can't show the marking of halving or impact from halving to the bitcoin, the price just stable and a lot of people feels it. maybe this halving has become the worst halving in bitcoin history.

Well that sure clears it up lol

[iGotSpots]

Happy halving day. Good luck everyone. Be smart, don't get trapped

[TGD]

Well congrats to all of us. Im just watching what well happennext in bitcoin. Is the price will go high more or its stay at stable price or the price will go down after halving starts. All of us will not the same opinion what will happen for now let's just wait and see.

[drwtsn32]

Everyone, pull out all your bitcoins! The price will drastically go down!


No, I'm joking. No one knows what will happen.  

[JsmintuckNeedawpsite]

Just wait a few days to a few weeks and see what happens. That way, we can tell what

really happened, whether it increased in market value or not.

[sana123]

Are there traditional customs and foodstuffs for this holiday? Also, do you think my boss will understand if I call in work late, scream "Happy Halving Day!", and hang up?

What should I wear?

https://s-media-cache-ak0.pinimg.com/564x/fd/40/6a/fd406aea6b27cb943a2bd2e418e813b5.jpg

[Dr.Osh]

Everyone, pull out all your bitcoins! The price will drastically go down!


No, I'm joking. No one knows what will happen.  

I feel bitcoin prices will not fall in the near future. maybe the price will be slightly reduced but will inevitably increase again. of the alarming price drops, the better we prepare to collect bitcoin in large numbers in various sites that we can use to generate a bitcoin, because perhaps halving the next one will make bitcoin prices even higher.

[theymos]

Happy halving day, everyone! The last four years have been very productive. Bitcoin was so much smaller in 2012 -- it's sometimes hard to believe how much the community, technology, and economy have expanded. I hope that the next four years are even better!

As for the price, I'm sort of expecting it to go the same as last time: nothing major in the short-term, but an increasing degree of upward pressure over the course of a few months due to the reduced supply of BTC.

'Twas the night before halving, when all through the chain
Not a miner was stirring, not even Bitmain's
The Trezors were hung by the paper wallets with care,
In hopes that Satoshi soon would be there;
The full nodes were checking that all blocks were right;
While visions of freedom make our future bright

[cryptme]

Happy halving day!
May the bits and bytes be strong with you!
May the BTC we earn today be a lot valuable to our children.

[groll]

Happy halving day to everyone. Its been 4 years and halving is here again to greet us. Hope this second halving becomes a sign towards the success and long life if bitcoin as cryptocurrency. Hope I can light some fireworks while waiting for the countdown.  Once again happy halving to all of us and good luck to our bitcoin activities.

[btcbrother]

Happy halving day!

May the force be with BTC people!

Good luck everyone!

[avw1982]

Hey guys Happy halving day,  I wish that price will be stable and rise in future.

Happy to be a bitcoin users 

[Sled]

Happy halving day co bitcoin users. Be smart on choosing the right price to sell your coins , Be prepared for the possible worst scenarios that might happen.

Keep holding for the sake of price because soon it will pump to the moon .

[ImHash]

happy second halving day, I can't say that I holding bitcoins because I'm not as I lost all my savings to HO scam 
I had nothing and tried to start by borrowing cash and buying bitcoins then came the HO scam now life isn't the same for me.

[Dc147]

Happy halving day to all bitcoin users!Just wishing the price  will rise above $1000 before the end of the year .

[DreamSpace]

Happy halving day, it's exciting even with a moderate amount of btc.

[romero121]

Every user of bitcoin as well users of our forum were in celebration mood, but only the price variation makes all whether to celebrate or not.

[LightRider]

My halving day wish is that theymos ends his censorious bullshit.

Satoshi hear our prayers!

[asriloni]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

[skierchewing]

I wish you all an happy halving day ! I was surprised to don't see a million of thread like this one in this section.

[davis196]

I have a proposal for a new celebration called "Halving Day".

The celebration would coincide with the Bitcoin block halving that occurs once every 4 years.  Given the random nature of blocks being found, the day cannot be set until probably a few months before the actual day.

The purpose of the celebration is to simply get together with fellow bitcoiners and celebrate this wonderful invention called Bitcoin.  I would like to see large organised events similar in nature to what we see for New Years celebrations around the world.

Similar to New Years, there could be a live broadcast on a big screen (see bitcoinclock.com) or loud speaker that announces the first halved block in realtime for a bit of arbitrary back slapping and high five'ing.

Other activities could be combined into the celebrations, maybe charity fund raises or company announcements or awards ceremonies..

If nothing else, even just printing some posters saying "happy halving day", or wishing strangers in the street a "happy halving day".

Eventually I would like to see this event become as popular as other 4 year events like the Olympics and World Cup.

So lets get ready to celebrate the inaugural Halving Day in 6 weeks time on the 30-Nov-2012.

Happy halving day!

Happy halving day to everyone!

I wish the btc price could reach 1000$ or more  soon.

Lets celebtrate bitcoin birthday as well.I forgot the exact date....

[harizen]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

No worries as they already know that since the day they began to mine.

If price will increase after this halving thing, miners activity will be worth it and so on they will continue what they're doing.

[1Referee]

Every user of bitcoin as well users of our forum were in celebration mood, but only the price variation makes all whether to celebrate or not.

I was in celebration mode at the time the price peaked at around $790 not long ago. It was a long time ago since I made this much profit. Right now my mood is in normal functioning mode.

[buy4crypto]

This will be an interesting week!

[Herbert2020]

happy halving day everyone.
this is a great part of history that we are currently witnessing. i hope bitcoin continues being great as it is right now. and i hope we can finally see the adoption we really dream about.

[harizen]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

No worries as they already know that since the day they began to mine.

If price will increase after this halving thing, miners activity will be worth it and so on they will continue what they're doing.

Well I agree with you man. I hope that the miners will have a happy halving day even if their block reward will be halved. I also hope that the new base price of bitcoin is 600$ for them to profit in the new block reward amount so that they won't despise the halving day.

Actually based on my own view, miners can still keep up with the current price rate eventhough the rewards will be dropped. The output is no different from when the price sits for $200+ range for about half a year then sits for another months at below $500 to the situation today which is rewards will be drop and the price sitting at around $650.

[Ente]

Are there traditional customs and foodstuffs for this holiday? Also, do you think my boss will understand if I call in work late, scream "Happy Halving Day!", and hang up?

What should I wear?

For one, it's customary to send a lucky transaction, trying to get into block 210000, 420000 etc. With a higher transaction fee, both to even be able to get into the block, as well as a friendly nod to the mining community.
I missed out on the first block halfing, and of course it's difficult if you are out there celebrating the block, as you should!

Happy blockhalfing day, gentlegals and guys!

Ente

[craked5]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

I don't think miners are crying out ther ^^
Halving is a planned event, it's not a supriprising shit for them =)

[MHopkins]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

I don't think miners are crying out ther ^^
Halving is a planned event, it's not a supriprising shit for them =)

Exactly. Unless their 'bedroom' is a huge facility in China with thousands of water cooled ASIC miners with cheap, plentiful coal produced electricity.

[CoinBreader]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

I don't think miners are crying out ther ^^
Halving is a planned event, it's not a supriprising shit for them =)

Exactly. Unless their 'bedroom' is a huge facility in China with thousands of water cooled ASIC miners with cheap, plentiful coal produced electricity.

Dont panic if miners go away from bitcoin diff will drop , so some miners will come back, price will go higher and we are all gonna be happy !
im missing my mining days... *sigh*

[Ocatin]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

I don't think miners are crying out ther ^^
Halving is a planned event, it's not a supriprising shit for them =)

Exactly. Unless their 'bedroom' is a huge facility in China with thousands of water cooled ASIC miners with cheap, plentiful coal produced electricity.

Dont panic if miners go away from bitcoin diff will drop , so some miners will come back, price will go higher and we are all gonna be happy !
im missing my mining days... *sigh*

As long as the bitcoin price does not drop below $600, most miners will still be profitable, especially those with S7 miners.

[lumeire]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

I don't think miners are crying out ther ^^
Halving is a planned event, it's not a supriprising shit for them =)

Exactly. Unless their 'bedroom' is a huge facility in China with thousands of water cooled ASIC miners with cheap, plentiful coal produced electricity.

Dont panic if miners go away from bitcoin diff will drop , so some miners will come back, price will go higher and we are all gonna be happy !
im missing my mining days... *sigh*

At the current price, I don't see miners being plugged out as of yet. If the price drops then that would definitely happen.

On the other hand, Happy halving day everyone, it's at 419967 and nearing it!

[Superways]

people here so happy celebrating halving day when miners out there crying in their bedroom,how if the miners get away from bitcoin and bitcoin doomed? do you even thinking the negative effect of halving? should be prepared for this myself,i just being realistic and not thinking about the price only

I think the miners will also be happy with halving as the price of bitcoin is already doubled and it will increase more in value so the miners will receive the same amount of money which they were getting before halving. and also they also will have big piles of bitcoins so they will also get bigger profit from bitcoin price rise.

[Whosdaddy]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

12 months almost exactly.

Then the drop that devastated many bitcoin users and lost their trust to bitcoin.
Well, can't blame them anyway. I would've probably had reduced trust if I bought bitcoin at a high price then it suddenly dropped so low.

[hermanhs09]

In the first halving in 2012, how long did it take for the price to rise to around $1200?

12 months almost exactly.

Then the drop that devastated many bitcoin users and lost their trust to bitcoin.
Well, can't blame them anyway. I would've probably had reduced trust if I bought bitcoin at a high price then it suddenly dropped so low.

Yeah but i dont think that i could lost trust to bitcoin due to any drop,even the big fall .
Because i earn everyday btc and i can still may make pretty nice money out of trading and investments.

[Lucius]

Happy halving day to the entire bitcoin community

I do not think we should worry too much about miners.They are made good profit so far and I think they will continue making a profit,maybe a little less than before.But mining is for large farms with cheap electricity still a good and profitable business.

A little more than 4 hours and the engines are turned on

[Valzador]

Happy halving day to the entire bitcoin community

I do not think we should worry too much about miners.They are made good profit so far and I think they will continue making a profit,maybe a little less than before.But mining is for large farms with cheap electricity still a good and profitable business.

A little more than 4 hours and the engines are turned on

what site is this from?

[Cent21]

Is from here: http://www.thehalvening.com/

let's see what happen with halving! 

[coinut]

happy halving day bitcoin community !

not long to go now 

[craked5]

happy halving day bitcoin community !

not long to go now 

Not long at all, in fact it's done, welcome to post halving era =D

[Denker]

Happy halving day guys!
Only 6 more blocks to go!!
There is a youtube livestream going on with some background music.
You can also join the chat if you like.
Almost 600 people are with us!!

https://www.youtube.com/watch?v=ovXOZjxFB00

[Mageant]

Happy Halving!!!!!!!!!!!!!!!!!!!!!!
 
 

[Ente]

BAM! To another 210k blocks! :-)

See you in four years everyone. Oh, if only I could take a small peek to what's ahead of uf! Anything but a boring time, eh?

Ente

[Siyas]

Happy halving day everyone. Lets make this event a memorable event. Hope everyone gets more profit to what you have invested.

[Cyrus]

Happy halving day, everyone! The last four years have been very productive. Bitcoin was so much smaller in 2012 -- it's sometimes hard to believe how much the community, technology, and economy have expanded. I hope that the next four years are even better!

As for the price, I'm sort of expecting it to go the same as last time: nothing major in the short-term, but an increasing degree of upward pressure over the course of a few months due to the reduced supply of BTC.

'Twas the night before halving, when all through the chain
Not a miner was stirring, not even Bitmain's
The Trezors were hung by the paper wallets with care,
In hopes that Satoshi soon would be there;
The full nodes were checking that all blocks were right;
While visions of freedom make our future bright

I celebrated with a couple of beers, but reading this made me feel warm and fuzzy inside. Time to bring out some milk and cookies. And pizza!
Happy halving everyone!

[1Referee]

Happy halving day, everyone! The last four years have been very productive. Bitcoin was so much smaller in 2012 -- it's sometimes hard to believe how much the community, technology, and economy have expanded. I hope that the next four years are even better!

As for the price, I'm sort of expecting it to go the same as last time: nothing major in the short-term, but an increasing degree of upward pressure over the course of a few months due to the reduced supply of BTC.

'Twas the night before halving, when all through the chain
Not a miner was stirring, not even Bitmain's
The Trezors were hung by the paper wallets with care,
In hopes that Satoshi soon would be there;
The full nodes were checking that all blocks were right;
While visions of freedom make our future bright

I celebrated with a couple of beers, but reading this made me feel warm and fuzzy inside. Time to bring out some milk and cookies. And pizza!
Happy halving everyone!

Well nice way celebrating it man. I celebrated it just by enjoying my day and just holding my bitcoin then sold later. Well im satisfied with it even if it doesn't rise at 1000$ because it gave a nice price rise. 

It's good to actually see some one being happy with the current price. I am quite sure that a lot people right now are very disappointed in the price as it didn't go up as much as they were hoping for. These people are just dreamers.

[MoonShadow]

Happy Halving!!!!!!!!!!!!!!!!!!!!!!
 
 

Heh.  I didn't even notice.  The first halving was quite a stir for a bit, but this one was more like the Y2K bug.

[starboyshuvo]

still waiting too see halving effect

[MoonShadow]

still waiting too see halving effect

What kind of an effect did you expect?

[niall51]

im happy with halving of bitcoin in july 10 2016  it gives me a profit .. my price of bitcoin will up . more bitcoin more money to come..

[amiraja]

Happy halving day every day for me

[drwtsn32]

still waiting too see halving effect

What kind of an effect did you expect?

A rise in price, perhaps?
That's the most expectation of the most of the people here.

[MoonShadow]

still waiting too see halving effect

What kind of an effect did you expect?

A rise in price, perhaps?
That's the most expectation of the most of the people here.

Any rise in price would have been predicted by the market, and occurred before the halving.

[MaritiJames3]

still waiting too see halving effect

What kind of an effect did you expect?

A rise in price, perhaps?
That's the most expectation of the most of the people here.

The most recent rise was exactly what we were wait for. Many of us are happy to finally see bitcoin's price over 600 dollar.
No more 300 dollar or even 250 dollar. Finally an acceptable price

[to_the_game]

the halving has passed and nothing big happened, im a bit disappointed now

[Blitzboy]

the halving has passed and nothing big happened, im a bit disappointed now

I think better to wait more months.. the effect of block halving is not instantly it needs patience the price of bitcoin is always depends in demand and supply not in block halving.. but it can help to that the price will increase fast.. becaues our supply is already been reduce by half 12.5 btc per block

[Ocatin]

the halving has passed and nothing big happened, im a bit disappointed now

The bitcoin price is just having some kind of correction. It has risen over 100% in the past twelve months.

[bitbunnny]

People expected Bitcoin price "to the moon", someone here ohw forum were speaking even about 2000$ for BTC afterw halving. That didn't happen and now they are disappointed..But let's face it, that wasn't realistic. Still, the factw that nothing revolutionary hasn't happen doesn't mean that the Bitcoin will not continue to gradualy rise.