vinaha (OP)
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February 25, 2016, 07:24:04 AM |
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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? So it means that after the halving, supposing that the difficulty is the same as today, you will get half of that. So you would mine 0.00729021
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Amph
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February 25, 2016, 07:28:21 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.
not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value
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aarons6
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February 25, 2016, 07:33:57 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.
not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value um you do know that only 3600 bitcoins are made a day.. i cant see how that much can make a miner be in a position to massively manipulate the bitcoin market. there is already 15.5 MILLION bitcoins on the market.. a few thousand a day wont do much to increase or decrease its value.
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Amph
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February 25, 2016, 07:36:50 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.
not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value um you do know that only 3600 bitcoins are made a day.. i cant see how that much can make a miner be in a position to massively manipulate the bitcoin market. there is already 15.5 MILLION bitcoins on the market.. a few thousand a day wont do much to increase or decrease its value. you know that a big farm can easily mine 100 coins per day right? 100 x 365 x 4 years(from 50 to 25), that is 36500 coins per year, let's assume only two year since big farm joined the party, that is still 70k also i was not talking about single farm, but about multiple farm working together to manipulate the value, 3600 coins per day are 1314000 coins per year, if this is not enough to manipulate the market i dunno what you need...
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capcher
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February 25, 2016, 07:39:39 AM |
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10 minutes between blocks is far to long to build public opinion regardless of block sizes.
I don't think they're going to reduce the time between blocks so you might as well stop pushing that suggestion.
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n0ne
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February 25, 2016, 07:39:54 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.
not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value They will manipulate the price because the miners themselves will be mostly depending on the price of the bitcoin during halving.
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VegasCasinoBits
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February 25, 2016, 07:40:27 AM |
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Looks nice, ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) i think i will keep my btc from now to the halving are over, ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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teddy5145
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February 25, 2016, 07:43:08 AM |
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and what will happened after halving? what it means? after halving difficulty will increase or decrease?
today, whenever a miner solved a block they will get 25 BTC as their prize But, after the halving the btc they received will be lowered to 12.5 BTC, hence the name halving comes from ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) And the difficulty for bitcoin will increase overtime so i think we both know the answer to that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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) And when the halving comes people will dump their bitcoin massively to get profit, and could be rendering the bitcoin price back to $400 ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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vinaha (OP)
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February 25, 2016, 07:43:22 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.
not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value um you do know that only 3600 bitcoins are made a day.. i cant see how that much can make a miner be in a position to massively manipulate the bitcoin market. there is already 15.5 MILLION bitcoins on the market.. a few thousand a day wont do much to increase or decrease its value. Yes but 15.5 million coins are not for sale on exchanges right now. I sure do not have a single of my coins for sale and I know I'm not the only one hodling. Of all the bitcoins available, the ones mined each day are the most transient. Cut that in half and yes it will effect the exchanges.
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capcher
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February 25, 2016, 07:44:21 AM |
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Looks nice, ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) i think i will keep my btc from now to the halving are over, ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Looks spammy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . I think I will keep ignoring your posts from now to the end of time, ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Amph
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February 25, 2016, 07:45:31 AM Last edit: February 25, 2016, 11:07:26 AM by Amph |
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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.
not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value um you do know that only 3600 bitcoins are made a day.. i cant see how that much can make a miner be in a position to massively manipulate the bitcoin market. there is already 15.5 MILLION bitcoins on the market.. a few thousand a day wont do much to increase or decrease its value. Yes but 15.5 million coins are not for sale on exchanges right now. I sure do not have a single of my coins for sale and I know I'm not the only one hodling. Of all the bitcoins available, the ones mined each day are the most transient. Cut that in half and yes it will effect the exchanges. that's right, at best one exchange can have 200k-500k coins, so it is easily manipulated by someone with at least 50k coins, let alone 100k or more
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BitCoinNutJob
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February 25, 2016, 07:50:16 AM |
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1000$ for BTC coming ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) after dump will stabilise at 700-800$. Next year 1000+. This is my prediction.
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EdenHazard
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February 25, 2016, 11:03:45 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?
you can check on this site, http://www.bitcoinblockhalf.com/ on that site mentioning the date of bicoin halving : 27 Jul 2016 10:59:15 lets wish the best for us,bitcoin price to the moon,and stable after bitcoin halving.
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~Bitcoin~
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February 25, 2016, 11:07:15 AM |
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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.
Don't expect price to get skyrocket to thousands just on halving time. Its better to hold till the end of this year.
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ekoice
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February 25, 2016, 11:11:24 AM |
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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.
Don't expect price to get skyrocket to thousands just on halving time. Its better to hold till the end of this year. I am so glad with this news of bitcoin halving news that its coming very soon and i am sure prices will go higher as our expectations and soon a great outcome will show up and again we would get several chances to get more accounts. I am so excited with this halving.
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sanadas
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February 25, 2016, 11:17:00 AM |
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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? So it means that after the halving, supposing that the difficulty is the same as today, you will get half of that. So you would mine 0.00729021 When the halving comes, the difficulty will be at least double of today's. The 16 nm miner will be there soon.
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pawel7777
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February 25, 2016, 11:23:13 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.
not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation. To manipulate the price up, they'd need large amounts of fiat money.
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Amph
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February 25, 2016, 11:37:39 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.
not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation. To manipulate the price up, they'd need large amounts of fiat money. they have a large amount of bitcoin, see above, any big chinese farm out there is sitting on 50k coins easily, if they combine their manipulation they can overcome the one of the exchange even big exchange
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pneumatic5
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February 25, 2016, 11:43:42 AM |
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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.
Don't expect price to get skyrocket to thousands just on halving time. Its better to hold till the end of this year. Yeah, that's right, its better to hold till the end of this year, as the price would be higher after halving, but its better to wait a bit longer, sell a part after halving and rest hold till the year end.
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pawel7777
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February 25, 2016, 11:54:28 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.
not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong it's too damn profitable for them, they will manipulate the market to increase the value How exactly can miners manipulate the price (drive it up) when they only have bitcoins? The best they could do is to not to dump them on the market too quickly. But that's hardly a manipulation. To manipulate the price up, they'd need large amounts of fiat money. they have a large amount of bitcoin, see above, any big chinese farm out there is sitting on 50k coins easily, if they combine their manipulation they can overcome the one of the exchange even big exchange I sense you only briefly scanned my post. That's not what I'm asking. Let's try again. Imagine you have huge BTC holdings, but no fiat money. How do you manipulate the price up?
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