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Author Topic: block halving date  (Read 4167 times)
kingaltcoins
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December 04, 2015, 10:15:54 AM
 #41

According to Bitcoin Protocol, it's halving will occur exactly after the 420000th block gets solved! Since each block gets solved nearly after every 10 minutes (approx.), the ETA for reward halving is 22-07-2016.

You can check these links to know more about the bitcoin clock and the countdown for the next reward halving.

1. http://bitcoinclock.com/

2. http://bitcoinblockhalf.com/


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December 04, 2015, 10:59:37 AM
 #42


This website is only someone's prediction, it is just going off assumptions like 3, 600 bitcoins are mined everyday and a block is made every 10 minutes. So this website isn't very trustworthy, just like every other website like it.
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December 04, 2015, 11:04:48 AM
 #43


This website is only someone's prediction, it is just going off assumptions like 3, 600 bitcoins are mined everyday and a block is made every 10 minutes. So this website isn't very trustworthy, just like every other website like it.
But it gives a rough estimate. You can't really predict this stuff because the block generation time is based on estimates, but it's more often than not 10 minutes.
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December 04, 2015, 12:52:02 PM
 #44


This website is only someone's prediction, it is just going off assumptions like 3, 600 bitcoins are mined everyday and a block is made every 10 minutes. So this website isn't very trustworthy, just like every other website like it.
But it gives a rough estimate. You can't really predict this stuff because the block generation time is based on estimates, but it's more often than not 10 minutes.
Average time between blocks is roughly 9.1minutes right now based on: https://bitcoinwisdom.com/bitcoin/difficulty. The site needs to factor in the possible difficulty increase or decrease. Currently, it looks like it's going to increase slightly more.














 

 

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cryptoclone.com
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December 04, 2015, 12:59:06 PM
 #45

You can see it on bitcoinclock.com
Free tip from Crypto Clone: The halving will be a golden opportunity for arbitrage traders USD/BTC and even altcoin markets, keep a close eye on price changes and be ready!
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December 06, 2015, 03:37:22 PM
 #46

if everyone expects a price surge its guaranteed to plummet right? lol
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December 06, 2015, 03:40:59 PM
 #47

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?
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December 06, 2015, 05:01:58 PM
 #48

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

i remenber this pump before halving day
i hope will be the same with bitcoin!!!!

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December 08, 2015, 05:16:36 AM
 #49

If bitcoin halving doesn't happen on exact date than how bitcoin clock calculate the exact date 2016-07-22? Quite confusing to understand this one. It is supposed to happen on july next year as i know from long time ago.
However, the hashrate would probably increase for every difficulty period right now and the blocks will be slightly faster. Overtime, the estimated time will decrease due to the shorter block intervals during each difficulty periods.

The truth is, the average is 10 minutes, but its common to have block solved in like 1 minute.
And it's a matter of "luck", not because the total hashrate increased.

If you have blocks solved in 1 minute, that can last only for at max 2 weeks, because then difficulty calibration kicks in.
If blocks are 1 minute apart, the difficulty adjustment will be in 1.4days. The difficulty adjustments is based on number of blocks, not time.

Cool, but that's just a detail: the important thing here is to understand that the mining of BTC is set to happen in a certain way, inflation is regulated, and there's the difficulty adjustment that takes care of increasing computational power, so the inflation curve can only be tricked for around 2 weeks... oops, for around X number of blocks, then it will be leveled again.

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December 08, 2015, 06:36:27 AM
 #50

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

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December 08, 2015, 08:21:43 AM
 #51

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

 

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December 08, 2015, 08:30:19 AM
 #52

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

the pump that happnened prior to the halving(the x10 one) was because of the hype around the halving, it did not occur the same date of the halving, because it is not how it work with the halving, is not a dating or something, it can happen around the halving that's it
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December 08, 2015, 08:35:55 AM
 #53

I'm sure when I checked last,  the latest block halfing took a few months before any price increase.  I'm got a feeling there 's going to be alot of disappointment this halfing.

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December 08, 2015, 09:00:59 AM
 #54

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

the pump that happnened prior to the halving(the x10 one) was because of the hype around the halving, it did not occur the same date of the halving, because it is not how it work with the halving, is not a dating or something, it can happen around the halving that's it

However, the pump of an altcoin like Litecoin could have happened... by mandate.
Why in hell would so many people buy Litecoin just because the block halving is coming?
Doesn't make sense.
Somebody started the downhill roll, and sheeps followed.

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December 08, 2015, 09:05:11 AM
 #55

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

the pump that happnened prior to the halving(the x10 one) was because of the hype around the halving, it did not occur the same date of the halving, because it is not how it work with the halving, is not a dating or something, it can happen around the halving that's it

However, the pump of an altcoin like Litecoin could have happened... by mandate.
Why in hell would so many people buy Litecoin just because the block halving is coming?
Doesn't make sense.
Somebody started the downhill roll, and sheeps followed.

because everyone think that it will increase, so they begin to buy en mass, then you get the increase demand, that bring even more demand

yes we can say the usual "it was at first done by manipulators then fish come in to be sucked into it", but sometime i believe that a simply small demand can evolve into a bigger one
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December 08, 2015, 09:15:37 AM
 #56

The halving day will be earlier than expected, as the hashing power keeps on increasing. The latest increase was 8.7%, the next one is estimated to be 8.3%.
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December 08, 2015, 09:29:12 AM
 #57

The halving day will be earlier than expected, as the hashing power keeps on increasing. The latest increase was 8.7%, the next one is estimated to be 8.3%.

Another one that can't understand how it works.

Let's try to be more clear:

1) hashing power increases

2) THEN COMPUTATIONAL POWER REQUIRED TO MINE INCREASES AS WELL

If they cut mining times now by 50%, they find themselves with mining time INCREASED at next DIFFICULTY ADJUSTMENT (this should hint you something) so much that they will not earn more.

Essentially, hashing power increase is just to overthrow competition.

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December 08, 2015, 09:29:45 AM
 #58

Quote
yes we can say the usual "it was at first done by manipulators then fish come in to be sucked into it", but sometime i believe that a simply small demand can evolve into a bigger one

Call them fish, call them sheeps... same for me Cheesy

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December 08, 2015, 11:52:24 AM
 #59

It seems to be in the mid-2016, July as mentioned by everyone...
Depends all upon the miners how much more farms they will be getting to work based on difficulty increase and rewards halving...

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December 08, 2015, 12:03:46 PM
 #60

There's no specific date, as the halving roll occur on a certain block number, and blocks are not mined exactly the same time apart, some are seconds apart. The most accurate estimate we have right now is somewhere between March and July 2016.
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