smartguyinthailand (OP)
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December 02, 2015, 09:52:20 AM |
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Can anyone gibe me a date for the block halving please? Also is it 100% guaranteed to happen at this time?
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BitcoinMagician
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December 02, 2015, 09:54:44 AM Last edit: December 02, 2015, 10:16:04 AM by BitcoinMagician |
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It will happen at block 420000. Bitcoin tries to maintain it's block frequency at an average of 10 minutes in the long term but due to increase in hashrate during the midst of the difficulty term, it is impossible for it to be at 10 minutes. However, we can more or less tell where it is. It will happen at approximately 2016-07-22 UTC. Of course, if the blocks gets delayed at 419999 due to varience, it would be pushed back slightly.
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7788bitcoin
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December 02, 2015, 09:58:22 AM |
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You may want to check the http://bitcoinclock.com/ to see the latest prediction. It changes now and then but it should happen roughly in Jul-2016.
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btckold24
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December 02, 2015, 10:23:32 AM |
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This is a good site as well and has other useful data http://bitcoinblockhalf.com/hope that helps
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Amph
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December 02, 2015, 11:16:32 AM |
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bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
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crazyivan
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December 03, 2015, 07:17:06 AM |
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232 days to go. When do you think the real BTC rush is going to start?
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italianMiner72
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December 03, 2015, 09:09:22 AM |
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bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!! if so, you think who price will rise after this date? and if a lot off miners switch off his networks because they can't earn enough??? what will happen?
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Amph
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December 03, 2015, 09:19:58 AM |
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bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!! if so, you think who price will rise after this date? and if a lot off miners switch off his networks because they can't earn enough??? what will happen? i think it will rise early, before the halving will be in play don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
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italianMiner72
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December 03, 2015, 09:23:59 AM |
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don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
hum.. sorry... i really don't understand this assertion. but if you can explain me how it will be possilble, i will appreciate it.
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ranochigo
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December 03, 2015, 09:30:13 AM |
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don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
hum.. sorry... i really don't understand this assertion. but if you can explain me how it will be possilble, i will appreciate it. Most miners usually have big farms with cheap electricity and space. Due to the operating cost, it doesn't take them too long to ROI. Even with the Bitcoin halving, their earnings would be halved at most. I believe that most of the miners would have already or close to reaching ROI. Most would probably not turn it off.
If the difficulty decreases by a huge percentage suddenly, the halving will come earlier and vice versa. These are nowhere accurate.
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1Referee
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December 03, 2015, 09:33:23 AM |
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don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
hum.. sorry... i really don't understand this assertion. but if you can explain me how it will be possilble, i will appreciate it. Most miners usually have big farms with cheap electricity and space. Due to the operating cost, it doesn't take them too long to ROI. Even with the Bitcoin halving, their earnings would be halved at most. I believe that most of the miners would have already or close to reaching ROI. Most would probably not turn it off.
If the difficulty decreases by a huge percentage suddenly, the halving will come earlier and vice versa. These are nowhere accurate. I know you say if, but the difficulty won't come down significantly. It will rather go higher than lower with the pools hoping to profit from the block halving rally that will come.
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Mickeyb
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December 03, 2015, 10:00:04 AM |
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don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
hum.. sorry... i really don't understand this assertion. but if you can explain me how it will be possilble, i will appreciate it. There are some calculations done that even if the price was a bit under $100, mining would still be profitable for the most of the mining farms. So when the halving occurs, the block size reward will half, then all these miners will need is price around $200. Currently we are at $350 so you see how much profit they are actually pocketing!
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btckold24
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December 03, 2015, 10:22:54 AM |
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agree with amph - I think it will go up in anticipation of the halving. I expect 2016 to be a good year and want to accumulate now.
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December 03, 2015, 10:41:27 AM |
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Halving is good, I say. / ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fscontent-ams2-1.xx.fbcdn.net%2Fhphotos-xtp1%2Fv%2Ft1.0-9%2Fs720x720%2F12314033_893403354109144_3845379479756842078_n.jpg%3Foh%3D11f23204ba2b8243bf96c3c1a3644de1%26oe%3D56D7817A&t=665&c=3ZukQv6-j2QChw)
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italianMiner72
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December 03, 2015, 10:45:58 AM |
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Halving is good, I say. / ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fscontent-ams2-1.xx.fbcdn.net%2Fhphotos-xtp1%2Fv%2Ft1.0-9%2Fs720x720%2F12314033_893403354109144_3845379479756842078_n.jpg%3Foh%3D11f23204ba2b8243bf96c3c1a3644de1%26oe%3D56D7817A&t=665&c=3ZukQv6-j2QChw) ahahhaha so.. you're saying us who bitcoin have 2000 years and more??? ahahhahahaa ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Altynbekova
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December 03, 2015, 11:43:29 AM |
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Oh waw this is actually a nice to see when it will happend. 232 day until that happen is a long time so yeah.
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WhatTheGox
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December 03, 2015, 12:02:30 PM |
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bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!! if so, you think who price will rise after this date? and if a lot off miners switch off his networks because they can't earn enough??? what will happen? i think it will rise early, before the halving will be in play don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now Steady rise from here and it some point we'll go into another insane bubble. What i think might happen is we just go up over next few months and sit at around $800.
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DarkHyudrA
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December 03, 2015, 12:07:23 PM |
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bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!! if so, you think who price will rise after this date? and if a lot off miners switch off his networks because they can't earn enough??? what will happen? i think it will rise early, before the halving will be in play don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now And how are you so sure of that? I know that most miners are big players, still, having 50% of the reward is a big drop.
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English <-> Brazilian Portuguese translations
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Amph
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December 03, 2015, 12:30:40 PM |
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bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!! if so, you think who price will rise after this date? and if a lot off miners switch off his networks because they can't earn enough??? what will happen? i think it will rise early, before the halving will be in play don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now And how are you so sure of that? I know that most miners are big players, still, having 50% of the reward is a big drop. because it is already happening ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , someone is artificially fixing the market in preparation of the halving, and possible swings that may occur even litecoin halving did produced an increase, which one quite good(x10 almost), i'm expecting a similiar scenario minus the x10, but more along the line of a return to 1k or around it
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