zimmah
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October 25, 2015, 10:44:03 PM |
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The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Hugroll
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October 25, 2015, 10:50:22 PM |
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the way i see it is that miners wouldnt be too happy because their income is cut in pretty muxh exactly half, AFAIK the margin of profit with mining is fairly low rn idk how it would be after the halfing. but a regular person would be happy with the halfing because the prices should go up.
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Laketear
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October 26, 2015, 08:21:05 AM |
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the way i see it is that miners wouldnt be too happy because their income is cut in pretty muxh exactly half, AFAIK the margin of profit with mining is fairly low rn idk how it would be after the halfing. but a regular person would be happy with the halfing because the prices should go up.
If the price keeps on rise, then it does not matter. I see the difficulty is still rising, not good for the miners. |
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Supercrypt
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October 26, 2015, 08:25:59 AM |
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The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.
Yes, agreeing. In order to replace the existing and well established fiats we need to convince many people around the world to adopt bitcoin. So, it must have good value over time. Halving is the greatest idea to achieve that. When supply declines, demand raises. |
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solstice
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October 26, 2015, 08:37:41 AM |
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Halving is good in the long run, limited supply means the price will go up. But still in the end it will all depend on miners and whales if they want the price to go up or down.
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Laketear
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October 26, 2015, 10:39:35 AM |
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Wide adoption is the key to the success of bitcoin. Bitcoin should also adept to changing environment.
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Guy_bitcoin
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October 26, 2015, 11:21:00 AM |
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halving is good for bitcoins.
I think the prices will rise significantally and miners would not have to quit mining bitcoins. So no worry ahead.
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Febo
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October 27, 2015, 05:36:00 PM |
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The Halving - Good or Bad for Bitcoin?
It is written in Bitcoin protocol. And was written from early start by Satoshi, so that means developers agree with it. Miners also agree with it, so as Exchanges and Merchants. If all agree with it, that means it is good for Bitcoin. |
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Raimonn
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October 27, 2015, 05:45:31 PM |
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Its something that has to do, miners could hate it because they will receive the half but if it makes that the price double, they will receive the same amount on dollars. Wait and see.
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bitart
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October 27, 2015, 11:05:03 PM |
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If miners will receive the half bitcoin like before, maybe they will start to validate transactions instead of mining for new bitcoins. In this case I think they will raise the transaction fees. In this situation they won't need to quit and stop mining at all.
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aronnov
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October 27, 2015, 11:18:56 PM |
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Its something that has to do, miners could hate it because they will receive the half but if it makes that the price double, they will receive the same amount on dollars. Wait and see.
has become the law of economics that, with the smallest sacrifice in order to gain maximum profit, it also applies to a bitcoin miner, when its results are not comparable with the sacrifice in doing so miners must have stopped their activities. |
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actmyname
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Spear the bees
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October 28, 2015, 12:27:50 AM |
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If miners will receive the half bitcoin like before, maybe they will start to validate transactions instead of mining for new bitcoins. In this case I think they will raise the transaction fees. In this situation they won't need to quit and stop mining at all.
You would really have to see about where the price goes. If the hype train follows - and lots of people start delving into Bitcoin around the halving date, then it may increase, but I don't think it will double. It'll make ROI take much longer to achieve if they buy miners. |
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Decoded
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give me your cryptos
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October 28, 2015, 01:11:45 AM |
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I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.
But bitcoin after this will probably steadily rise up to 2, maybe 3k.
Prepare to hodl, guyz. Don't be disheartened of bitcoin drops.
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looking for a signature campaign, dm me for that
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gentlemand
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Welt Am Draht
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October 28, 2015, 01:31:03 AM |
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I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.
The unprofitable miners will fall away. I assume the truly professional operations have regular buys set up well away from any market so that would mean even less sell pressure than before. |
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Laketear
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October 28, 2015, 08:06:20 AM |
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The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.
Halving is good. However, as long as a currency is issued at the constant number, such as 100 per year for ever , the inflation will go to 0% eventually. |
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bitbaby
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October 28, 2015, 08:21:02 AM |
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It should be good for the Bitcoin and it's price because the supply of it will get deducted by half and if the demand remains the same the price is bound to increase, so maybe it won't affect the miners too as they would be able to sell their bitcoins for more money to cover their expenses.
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n2004al
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October 28, 2015, 09:05:45 AM |
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The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.
Why is necessary? I'm not an expert in this field (in mining or programming) but I think that halving it is only an option that could be not so if the program could have been written otherwise. Nothing will change in bitcoin if the mining of all the amount of bitcoins would have been in much less time than in other about 120 years. No one quality of bitcoin would be different (compared to the actual one) if, for example all the bitcoins would be in the market within the next 20 years (without any halving in years). Maybe this would have affected the price of it but not any other its quality as currency. |
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Amph
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October 28, 2015, 10:16:43 AM |
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The halving is a necessary part of bitcoin, and without it, bitcoin wouldn't be where it was now in the first place.
so obviously good.
Why is necessary? I'm not an expert in this field (in mining or programming) but I think that halving it is only an option that could be not so if the program could have been written otherwise. Nothing will change in bitcoin if the mining of all the amount of bitcoins would have been in much less time than in other about 120 years. No one quality of bitcoin would be different (compared to the actual one) if, for example all the bitcoins would be in the market within the next 20 years (without any halving in years). Maybe this would have affected the price of it but not any other its quality as currency. if there was not halving the supply would have already exhausted, and satoshi didn't want this, he was thinking that prolonging the mining activity in a long time frame, would be more beneficial for the adoption because it will leave the necessary time, to spread the awareness for bitcoin |
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smith coins
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October 28, 2015, 04:04:40 PM |
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I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.
The unprofitable miners will fall away. I assume the truly professional operations have regular buys set up well away from any market so that would mean even less sell pressure than before. I think that the first generation of miners will shut down. The only miners that will remain in the mining world are the latest one. Only 29.64% of total bitcoins are left to mine so the price normally should be increased. |
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bitart
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October 28, 2015, 11:20:43 PM |
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I think bitcoin will rise a few months before the halving, but drop a little as miners abandon bitcoin.
The unprofitable miners will fall away. I assume the truly professional operations have regular buys set up well away from any market so that would mean even less sell pressure than before. I think that the first generation of miners will shut down. The only miners that will remain in the mining world are the latest one. Only 29.64% of total bitcoins are left to mine so the price normally should be increased. What about transaction fees? Miners can get some bitcoin for processing transaction also. Does it not worth them to stay in business? As usage of bitcoin grows, there will be more and more transaction needs to be processed. Maybe the priority fee will be normal in some time because of the miners' capacities. |
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