italianMiner72 (OP)
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December 03, 2015, 08:48:26 AM |
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what could happen after this date? bitcoin will fall down and the ecosystem will die because miner reward will be halved... and the blockchain will die? or the bitcoin price will rise, because bitcoin will be more rare? bitcoin halving count down: http://www.bitcoinblockhalf.com/
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Lauda
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Terminated.
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December 03, 2015, 08:54:15 AM |
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Stop spreading FUD. This has already happened once and it has not negatively affected Bitcoin. In other words, it will not die. IIRC 2012.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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Amph
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December 03, 2015, 08:56:27 AM |
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no, the current value can already sustain the bitcoin halving for the miners, with the s7 miner can have profit even at $below $200 of market value
we are at 370 right now, plenty of profit for them, and you can bet your ass that we are going to increase much more prior the halving
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pedrog
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December 03, 2015, 08:58:49 AM |
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Just like last time, nothing special will happen.
There's always much speculation when halvings happen but the reality is nothing special happens.
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Kprawn
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December 03, 2015, 09:33:37 AM |
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In theory, we should see a slight increase in the price, IF the demand for Bitcoin stay at the levels it is now. In practice not a lot happens, and the people buying and trading Bitcoin, just play around with whatever
is on offer. Do not expect a lot, and whatever happens is a bonus. The main thing would be not to invest, based on the hype going around based on what people speculate will happen. Look back to the last time it
happened, and work your way from there.
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chennuan
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December 03, 2015, 09:36:59 AM |
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No, some people have free electricity ,or cheaper electricity, your problem does not exist
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italianMiner72 (OP)
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December 03, 2015, 09:38:13 AM |
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No, some people have free electricity ,or cheaper electricity, your problem does not exist
for sure, you are not talking about EU area where electricity bill is really really expensive!!!
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ranochigo
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December 03, 2015, 09:44:29 AM |
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what could happen after this date? bitcoin will fall down and the ecosystem will die because miner reward will be halved... and the blockchain will die? or the bitcoin price will rise, because bitcoin will be more rare? bitcoin halving count down: http://www.bitcoinblockhalf.com/No. If a large amount of miners stop mining, the difficulty will adjust and drop. It is very unlikely that a huge percentage of miners would stop mining suddenly given that many has low electrical fees or cheap hardwares. If it does happen however, blocks would be less frequent and transaction fees will rise, resulting in a higher payout for miner and some would switch on again.
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Mickeyb
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December 03, 2015, 10:06:40 AM |
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Even if the prices would stay the same and halving would occur tomorrow, most of the miners would ROI big time. And this will never happen since I am sure that the price will increase considerably just before the halving.
So yes OP, stop spreading the FUD! Everything will be just fine!
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btckold24
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December 03, 2015, 10:20:10 AM |
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machines just get faster and faster... once it halves the price will go up and the asic lords will find a way to get 2x the speed to make up for it lol.
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1Referee
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December 03, 2015, 10:25:43 AM |
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OP; The block halving will work out very well. Nothing bad will happen, don't worry. This is what gives more value to Bitcoin as currency. Worthless fiat currencies only get more worthless year after year as the governments are creating non existing money like there is no tomorrow. Bitcoin is supposed to bring a change, and that is what the halving will take care of. No more worthless creation of currency.
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Karartma1
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December 03, 2015, 10:46:37 AM |
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We will see the creation of btc going down, that's what the halving is about: BTC is not going to die because of this. IT was conisdered as a part of the plan, we know the halvings are necessary, don't worry too much about them. Miners will keep on mining.
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italianMiner72 (OP)
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December 03, 2015, 10:48:45 AM |
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We will see the creation of btc going down, that's what the halving is about: BTC is not going to die because of this. IT was conisdered as a part of the plan, we know the halvings are necessary, don't worry too much about them. Miners will keep on mining.
hi Karartma1 . what do you mean with "necessary" ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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twister
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December 03, 2015, 01:57:24 PM |
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I think it's just another signpost, an indicator that bitcoin is going strong and it has come a long way and has maintained it's popularity if not gained more. What I think will happen is the price might go slightly up as the demand remains the same and supply cuts in half but one thing that worries me is that mining will become more expensive since each block will contain half the quantity of what they had before and it might make mining more centralized from what it already is.
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Karartma1
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December 04, 2015, 08:44:16 AM |
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I used the wrong word: I wanted to say that we know halvings are part of the game, a necessary part of the bitcoin creation process. That was the sense: I'm sorry, reading it now did not make much sense that word.
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pissedoff
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December 04, 2015, 08:50:00 AM |
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In the last block halving the price only went up. I am expecting to see a similar pattern this halving.
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MaxTax
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December 04, 2015, 10:09:06 AM |
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In the last block halving the price only went up. I am expecting to see a similar pattern this halving.
I am thinking the same thing. I don't see why people are so afraid of bitcoin dying It's not going to.
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XinXan
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December 04, 2015, 10:23:05 AM |
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Do people realize that block reward halving was something intended? It was created for a reason, if it was bad it wouldn't have been made. What happened to litecoin when the block reward was halved? Nothing, really abolutely nothing.
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Soros Shorts
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December 04, 2015, 10:41:14 AM |
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What will happen? Here is what I think: SOME marginally profitable miners will shut down and you will see a small but noticeable drop in hash rate.
Nothing immediate will happen to the price because the event has already been priced in.
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pissedoff
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December 04, 2015, 10:41:45 AM |
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Do people realize that block reward halving was something intended? It was created for a reason, if it was bad it wouldn't have been made. What happened to litecoin when the block reward was halved? Nothing, really abolutely nothing.
Many people don't realize this. If the block halving does not happen there will be no difference between bitcoin and fiat.
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