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Author Topic: what will happen in 37 weeks when bitcoin halves again  (Read 2549 times)
Mickeyb
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November 13, 2015, 09:58:07 AM
 #41

There are really too many unknowns and it's still way to early to tell. Normally price should increase and we should find ourselves at the equilibrium again as the mining reward will drop by half, from 50 to 25 BTCs per block. So this increase in price will make for the people that are going to drop out of the mining game because of the lower reward.

But we already see a big increase in price compared to $230 levels, which is good for the miners. Really many unknowns and we will have to wait and see how this will play out exactly!
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November 13, 2015, 12:31:52 PM
 #42



According to the bitcoin clock bitcoin will drop to 12.5 btc per block in late July of 2016.
How will miners react to this?
What will it take to keep miners mining?
What if miners in large numbers decide not to mine?


All of my S7 works as usual. At least 8 hours a day and on weekends , because I have a great price  for Night electricity.
More probably 24/7 mining continues , which means  € 3,500 on electricity bills per month.

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November 13, 2015, 07:44:12 PM
 #43

My simplistic prediction is that after the halving, the network will produce about 1800 Bitcoins per day......  Smiley
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