232 days before bitcoin block reward halving

[winspiral]

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.

you will notice nothing...all is already regulated by the market

[pissedoff]

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.

you will notice nothing...all is already regulated by the market

We won't notice any major changes in the bitcoin price but we will definitely notice a drop in the bitcoin hashrate.

[QuintLeo]

Most likely, 1-2 months before the halfing Bitcoin price will start rising, I'm guessing by 60-70% but could be off some on that easy.

 At the halfing, we'll probably see a small dip on diff as folks that are paying attention realise their old mining gear has become unprofitable

 After, price will start drifting back down some - though I suspect it'll stay 40-50% higher than it was 2 months before the halfing - and a slow steady low diff increase period will begin, like first half of this year but longer - then the 14/16nm "full custom" generation will start showing up causing some big diff jumps again for a bit, then back down to "slow and steady diff climb" for a few years after that.



 Major news events or misestimates on timing will of course mess up the basis for this speculation.

[pissedoff]

Most likely, 1-2 months before the halfing Bitcoin price will start rising, I'm guessing by 60-70% but could be off some on that easy.

 At the halfing, we'll probably see a small dip on diff as folks that are paying attention realise their old mining gear has become unprofitable

 After, price will start drifting back down some - though I suspect it'll stay 40-50% higher than it was 2 months before the halfing - and a slow steady low diff increase period will begin, like first half of this year but longer - then the 14/16nm "full custom" generation will start showing up causing some big diff jumps again for a bit, then back down to "slow and steady diff climb" for a few years after that.



 Major news events or misestimates on timing will of course mess up the basis for this speculation.

There cannot be a small dip in the bitcoin hashrate, There has to be a large dip because many miners including the latest ones will become unprofitable for a while.

[USB-S]

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.

you will notice nothing...all is already regulated by the market

We won't notice any major changes in the bitcoin price but we will definitely notice a drop in the bitcoin hashrate.

The same happened with litecoin. The week after the halving there was like 10% drop in the difficulty. Wasn't around in bitcoin in the last halving but my guess would be that the same happened in bitcoin.

[lemmyK]

Now is hash rate  590PH/s  how many people and companies have cheap energy from it? I'm sure that less than half.
1.There is only one decent company that manufactures miners-bitmain..thats problem
2.http://rigwarz.com/  S7~ 196 days + 200 usd/eu for  PSU+ any fees and price fluctuation BTC  if you have 0.12 usd per kW..not many people have that price..
3.so if nothing happens in your hardware(miners) so maybe you for 240 days start the plus income....
4. and then the com block halving...

This is a very delicate balance and may be impaired very easily..


apropo me the day before yesterday because of power outages and internet, burned ANOTHER my  antminer S5. But if you look in the thread where miners S5 are, you will see why and what is problem..i put there pictures and explain problems with S5 as many other people..
 This is problematic piece of hardware. I've had three pieces where one blade is dead and it is only at half power. because of the same problem!!! . s3 are great s5 is piece of sh*** cost me thousands and nothing****

[ranochigo]

Now is hash rate  590PH/s  how many people and companies have cheap energy from it? I'm sure that less than half.
1.There is only one decent company that manufactures miners-bitmain..thats problem
2.http://rigwarz.com/  S7~ 196 days + 200 usd/eu for  PSU+ any fees and price fluctuation BTC  if you have 0.12 usd per kW..not many people have that price..
3.so if nothing happens in your hardware(miners) so maybe you for 240 days start the plus income....
4. and then the com block halving...

This is a very delicate balance and may be impaired very easily..

The Chinese probably have half than the electricity cost you mentioned. The main problem you have here is that those chinese have bought ASICs in bulk and would almost certainly have discounts given their size. All of them aren't starting mining right now, they have started more than a year ago and most would've gotten ROI from it already.

[Amph]

Now is hash rate  590PH/s  how many people and companies have cheap energy from it? I'm sure that less than half.
1.There is only one decent company that manufactures miners-bitmain..thats problem
2.http://rigwarz.com/  S7~ 196 days + 200 usd/eu for  PSU+ any fees and price fluctuation BTC  if you have 0.12 usd per kW..not many people have that price..
3.so if nothing happens in your hardware(miners) so maybe you for 240 days start the plus income....
4. and then the com block halving...

This is a very delicate balance and may be impaired very easily..


apropo me the day before yesterday because of power outages and internet, burned ANOTHER my  antminer S5. But if you look in the thread where miners S5 are, you will see why and what is problem..i put there pictures and explain problems with S5 as many other people..
 This is problematic piece of hardware. I've had three pieces where one blade is dead and it is only at half power. because of the same problem!!! . s3 are great s5 is piece of sh*** cost me thousands and nothing****

even at 0.1 electricity and the profit 0.01 for a s7, this is still 0.3($120) with a consumption of 87, which mean that they are taking profit

they have plenty of margin witht he current value of bitoin, no need to worry

[Bananana]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

[virasisog]

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.

Some marginaly profitable miners will shut down. But the has rate will not drop. Those miners will be replaced by more efficient miners.

[davinchi]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

[pissedoff]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

I agree with you. There is no need to be uncomfortable when we hear about the block reward halving its actually a good thing.

[coinplus]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

I agree with you. There is no need to be uncomfortable when we hear about the block reward halving its actually a good thing.

Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.

[QuintLeo]

Now is hash rate  590PH/s  how many people and companies have cheap energy from it? I'm sure that less than half.

 Most of the big farms, if not all by now, are located in low-cost electric areas.

1.There is only one decent company that manufactures miners-bitmain..thats problem

 Avalon also.
 Probably Lketc soon, probably Innosilicon soon.

2.http://rigwarz.com/  S7~ 196 days + 200 usd/eu for  PSU+ any fees and price fluctuation BTC  if you have 0.12 usd per kW..not many people have that price..

 That's close to or a little HIGHER than the average US electric cost. LOTS of folks have lower electric cost.

apropo me the day before yesterday because of power outages and internet, burned ANOTHER my  antminer S5.

 That is a very easy issue to fix, with a few different options on the fix, including at least one ZERO COST fix option.

 I've had three pieces where one blade is dead and it is only at half power.

 Have you been overclocking?
 Do you use good RELIABLE power supplies?

[cluit]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

I agree with you. There is no need to be uncomfortable when we hear about the block reward halving its actually a good thing.

Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.

Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.

[hunnaryb]

Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.

[lixer]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

I agree with you. There is no need to be uncomfortable when we hear about the block reward halving its actually a good thing.

Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.

Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.

Yes I agree, this must be the idea behind the halving. Instead of changing drastically after 4 years, it may be designed to decrease on every block. But the drastic change in supply will fire the value. The higher value will attracts many new users. This is what Satoshi must have aimed.

[hunnaryb]

Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.

It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.

I agree with you. There is no need to be uncomfortable when we hear about the block reward halving its actually a good thing.

Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.

Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.

Yes I agree, this must be the idea behind the halving. Instead of changing drastically after 4 years, it may be designed to decrease on every block. But the drastic change in supply will fire the value. The higher value will attracts many new users. This is what Satoshi must have aimed.

Look at Litecoin. Halving the reward didn't send it anywhere near its ATH.

Crypto is entering a new era where many 'official' eyes are on it now.

[Whosdaddy]

Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.

There is no chances for downfall of prices around halving. Because basic economic rule of supply demand will apply here. Halving will give some boost in bitcoin prices either in short term or long term but definitely will give.

[coinplus]

Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.

There is no chances for downfall of prices around halving. Because basic economic rule of supply demand will apply here. Halving will give some boost in bitcoin prices either in short term or long term but definitely will give.

I also do not have doubt on direction of the price movement, only the confusion is when will the price surge will occur, whether it will give short term impact or long term impact. I believe by 2016 end we can see the full consequences of halving.