vinaha (OP)
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February 24, 2016, 12:15:31 AM |
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Does anyone have a good guesstimate as to when the halving will happen - like a close guess of the date?
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BlueStackz
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February 24, 2016, 08:20:56 PM |
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Does anyone have a good guesstimate as to when the halving will happen - like a close guess of the date?
Bitcoin halving will take place approximately in mid of July this year. I too often check and follow http://bitcoinblockhalf.com/. It shows the countdown to the bitcoin haling date along with other useful information.
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Amph
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February 24, 2016, 09:01:17 PM |
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bitcoin halving != bitcoin value increase
in the sense that the value will not come on the same date, it could come at the end of this year for all we know
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snipie
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February 24, 2016, 09:06:18 PM |
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bitcoin halving != bitcoin value increase in the sense that the value will not come on the same date, it could come at the end of this year for all we know
Or the price will increase few days or weeks before the halving, some people will buy as much as they could, finally we may not see <$450/500 again ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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vinaha (OP)
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February 24, 2016, 09:08:06 PM |
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I think we need to buy now and hodl - hold until well after the halving, when the price is in the thousands.
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venan
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February 24, 2016, 09:11:25 PM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
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caixa
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February 24, 2016, 09:17:49 PM |
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Don't you think it tends do acccelerate? Since the price is going to go UPPPPP?
More people will start mining because of the high price...
no?
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LiberOptions
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February 24, 2016, 09:21:52 PM |
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it will happen in the ends of july and biginings of july. I hope the price goes up to $10000 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Coaxme
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February 24, 2016, 09:23:26 PM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
The difficulty will be increase since the blocks is 12.5 BTC
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spazzdla
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February 24, 2016, 09:24:49 PM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
The difficulty will be increase since the blocks is 12.5 BTChuh.. no.
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Rotator
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February 24, 2016, 09:27:23 PM |
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Probably we will have chance to double money if invested now. And more money will come during many speculations and fluctuation, that will come during or after halving. Prepare yourself for worst (FUD) news in life (and possible hucks of exchanges) around halving..
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vinaha (OP)
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February 24, 2016, 09:30:53 PM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
The difficulty will be increase since the blocks is 12.5 BTCNo. The difficulty will not increase. There will only be 12.5 BTC every 10 minutes, period. No matter what the difficulty is. I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now. Until the price doubles, then they will turn on their rigs again.
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Raimonn
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February 24, 2016, 09:45:43 PM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
No one knows what will happen on difficulty, we only know that the minning reward will be the half, now is 25 Bitcoins and after halving will be 12.5 Bitcoins. Difficulty could increase if minners increase its hash power (if bitcoin price increase like a lot of users think, miners could be interested on increasing its hash power), but if the price of bitcoin is lower than expected its possibly that miners turn off some of this equipment and difficulty could decrease.
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venan
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February 24, 2016, 09:48:05 PM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
The difficulty will be increase since the blocks is 12.5 BTCNo. The difficulty will not increase. There will only be 12.5 BTC every 10 minutes, period. No matter what the difficulty is. I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now. Until the price doubles, then they will turn on their rigs again. it means after halving the amount of btc from mining will dercrease, yes? e.g: if i have antiminer s7 with 4.7th/s and i am earning 0.01458042 BTC in one hour with today's difficulty, after halving it will decreased?
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tn211
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February 24, 2016, 09:48:46 PM |
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No one knows what will happen the only thing that is sure that it will be around July, but we just need to see when it really happens, its also that the halving is a bit unpredictable. I think its just a matter of time before the halving will happen but when it happens we will sure make profit if you have hold your bitcoins by than.
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pawel7777
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February 24, 2016, 10:52:57 PM |
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bitcoin halving != bitcoin value increase
in the sense that the value will not come on the same date, it could come at the end of this year for all we know
I wouldn't be very surprised if we'll actually see a drop in the price on/close to halving day. But, if there are no other significant events, halving should definitely drive the price up in the longer term. ... I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now. Until the price doubles, then they will turn on their rigs again.
Well, remember that we had BTC in $200 range for quite a long time and it didn't cause any massive reduction in hashing power (slight drop iirc). So anything above $450 should be sufficient.
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Drewski
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February 24, 2016, 11:24:11 PM |
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bitcoin halving != bitcoin value increase
in the sense that the value will not come on the same date, it could come at the end of this year for all we know
I wouldn't be very surprised if we'll actually see a drop in the price on/close to halving day. But, if there are no other significant events, halving should definitely drive the price up in the longer term. ... I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now. Until the price doubles, then they will turn on their rigs again.
Well, remember that we had BTC in $200 range for quite a long time and it didn't cause any massive reduction in hashing power (slight drop iirc). So anything above $450 should be sufficient. Don't forget to factor in energy costs. With oil tanking recently, energy prices should be coming down for most people, assuming their electricity provider doesn't just gobble up the profits.
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Jet Cash
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February 25, 2016, 01:16:01 AM |
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It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.
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Jet Cash
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February 25, 2016, 01:28:05 AM |
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Don't forget to factor in energy costs. With oil tanking recently, energy prices should be coming down for most people, assuming their electricity provider doesn't just gobble up the profits.
I understand that electricity in China comes from coal based generators and renewables. There is an interesting article here. http://energydesk.greenpeace.org/2015/11/11/chinas-coal-bubble-155-new-overcapacity/
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Offgrid campers allow you to enjoy life and preserve your health and wealth. Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars. My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
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