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Author Topic: Bitcoin halving  (Read 7506 times)
Snorek
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May 15, 2016, 05:10:28 AM
 #121

A lot of miners will stop working after halving it's a fact, but we will get new miners on their placec. It will happen cause of increasing requirement to mine coins.

this is not true, you are talking without any proper knowledge. do you even know how much it costs miners that you are concluding that they will stop mining just because of halving?!!

it would still be pretty much profitable for miners to continue mining even with the current price and half the reward.
Exactly, do you think that miners will stop and what, throw away their miners or something? That won't happen, mining will continue.
Maybe some individual will stop but that won;t change anything in the mining world. And actually with the possible bitcoin price increase it might be even more profitable that before.
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May 15, 2016, 09:05:37 AM
Last edit: May 22, 2016, 08:48:27 AM by geopolisch
 #122

Bitcoin haliving is not so profitable for miners.
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May 19, 2016, 07:19:48 AM
 #123

A lot of miners will stop working after halving it's a fact, but we will get new miners on their placec. It will happen cause of increasing requirement to mine coins.

this is not true, you are talking without any proper knowledge. do you even know how much it costs miners that you are concluding that they will stop mining just because of halving?!!

it would still be pretty much profitable for miners to continue mining even with the current price and half the reward.
Exactly, do you think that miners will stop and what, throw away their miners or something? That won't happen, mining will continue.
Maybe some individual will stop but that won;t change anything in the mining world. And actually with the possible bitcoin price increase it might be even more profitable that before.

Yes Bitcoin's rate of inflation (block reward) halves in early July to 12.5btc. This will halve the revenue of miners. As miners are in control of the network and presumably a decent chunk of the liquidity, the idea would be to manipulate prices upwards (x2) to keep revenue intact.

Yeah because when the halving happen, many people who doing miner was get disadvantage from their money. I mean they can't get the profit as they expect before.

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May 19, 2016, 07:28:32 AM
 #124

Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?

I believe it is not just one thing that can affect the bitcoin price. so don't look for just one cause that can change it.

supply and demand is one of them, the supply part will be affected by the halving because the block rewards Is being reduced to half and the demand is increasing everyday with new applications for bitcoin and new services that are accepting it. so more people will adopt bitcoin also.

but apart from that there is a lot of hype in the social media and whales have been accumulating bitcoin for the last six months while getting ready for a big pump and the rise will come.

and also don't decide about what miners are and aren't interested in when you have no knowledge of how they are working and how much they are profiting from their investment.

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May 19, 2016, 09:58:25 AM
 #125

A lot of miners will stop working after halving it's a fact, but we will get new miners on their placec. It will happen cause of increasing requirement to mine coins.

this is not true, you are talking without any proper knowledge. do you even know how much it costs miners that you are concluding that they will stop mining just because of halving?!!

it would still be pretty much profitable for miners to continue mining even with the current price and half the reward.
Exactly, do you think that miners will stop and what, throw away their miners or something? That won't happen, mining will continue.
Maybe some individual will stop but that won;t change anything in the mining world. And actually with the possible bitcoin price increase it might be even more profitable that before.

Yes Bitcoin's rate of inflation (block reward) halves in early July to 12.5btc. This will halve the revenue of miners. As miners are in control of the network and presumably a decent chunk of the liquidity, the idea would be to manipulate prices upwards (x2) to keep revenue intact.

Yeah because when the halving happen, many people who doing miner was get disadvantage from their money. I mean they can't get the profit as they expect before.
that's not right, when halving comes,the price will be rising just like the halving before,the miners will have lower amount of bitcoin but still have the same or little bit lower when they convert it to bitcoin,that's how halving work for miners

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May 19, 2016, 10:11:22 AM
 #126

It will also depend on the community if we will buy bitcoins when the price is already at $700-$800. Or are we just sell our bitcoins to profit?

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May 19, 2016, 10:33:10 AM
 #127

that's not right, when halving comes,the price will be rising just like the halving before,the miners will have lower amount of bitcoin but still have the same or little bit lower when they convert it to bitcoin,that's how halving work for miners

Then there was another time, another equipment.
Obviously, the miners will be the first to suffer losses from changes in the award. Their profits will decrease, and therefore, some of them come out of the game. The complexity of the fall, and then the remaining miners demand higher compensation. Thus, we may all have to pay a slightly higher fee for the transaction than the standard of BTC 0.0001, as now.
It is unlikely that this will adversely affect the economy of bitcoin ecosystem. On the one hand, Halving awards for block sewn in the report, people are aware of this, and waiting for a long time considered the market. However, the press is bound to be hype. And it can spur excitement.
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May 19, 2016, 12:38:01 PM
 #128

A lot of miners will stop working after halving it's a fact, but we will get new miners on their placec. It will happen cause of increasing requirement to mine coins.

this is not true, you are talking without any proper knowledge. do you even know how much it costs miners that you are concluding that they will stop mining just because of halving?!!

it would still be pretty much profitable for miners to continue mining even with the current price and half the reward.

yeah the miners are getting a big amount with mining and now they have addict of mining and have got the taste of mining and big income and halving the reward will not harm them much only a little amount will be lessen, so no one will stop mining, and still if someone will stop mining then there is the whole world some of them will definitely come to mine.
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May 19, 2016, 02:50:40 PM
 #129

A lot of miners will stop working after halving it's a fact, but we will get new miners on their placec. It will happen cause of increasing requirement to mine coins.

i think the opposite of yours. old miners will keep mining whatsoever, and there will be less people who are interested in mining so new miners won't appear much.
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May 19, 2016, 03:38:32 PM
 #130

Everyone is hoping that the halving will be nice to the Bitcoin but the bad thing is that we cant know that for sure that it will be nice because it was already stable for a long time.
And we also cant control the Bitcoin and that is the problem but we just have to wait and see for what will happen.
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May 19, 2016, 04:06:10 PM
 #131

Do you guys think the law of Supply and Demand has a great effect with the halving? Or its a different thing, what if because of the halving, less miners would be interested and hence less supply of bitcoin, making people less interested. I'm just stating what I think, how about you?

well i am sure that will affect both, supply and demand, but because supply will fall and demand will rise, we will be okay,and miners should be okay too as price will rise

people predict even new ATH for bitcoin which is more than 1000$, so i think that it will keep old miners and even attract new miners to mine bitcoins,  i am sure that halving will be good for bitcoin

 
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May 19, 2016, 05:16:26 PM
 #132

Halving will bring good money for users, who know how to wait, also i think in other sphears of bitcoin like mining or trading will be major changes but i don't know what it will be.

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May 19, 2016, 05:32:12 PM
 #133

Halving will bring good money for users, who know how to wait, also i think in other sphears of bitcoin like mining or trading will be major changes but i don't know what it will be.

I have been hearing for months now that the price will rise because of the halving. Why is the price not rising in anticipation?
I think too many people are long expecting gains, and in the short term are going to get hurt.
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May 19, 2016, 05:37:57 PM
 #134

Halving will bring good money for users, who know how to wait, also i think in other sphears of bitcoin like mining or trading will be major changes but i don't know what it will be.

I have been hearing for months now that the price will rise because of the halving. Why is the price not rising in anticipation?
I think too many people are long expecting gains, and in the short term are going to get hurt.

Halving has not promised us higher price its just an speculation of people that price will be higher at the time of halving and time can only show us the reality.
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May 19, 2016, 06:22:32 PM
 #135

I do think that supply an demand is basic things which drives the price or value of anything.Halving will surely have huge impact on market.How much will be this is hard to say but the bottom price will be over 400 $ once the process of halving is completed.
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May 19, 2016, 06:33:20 PM
 #136

Halving will bring good money for users, who know how to wait, also i think in other sphears of bitcoin like mining or trading will be major changes but i don't know what it will be.

I have been hearing for months now that the price will rise because of the halving. Why is the price not rising in anticipation?
I think too many people are long expecting gains, and in the short term are going to get hurt.

Halving has not promised us higher price its just an speculation of people that price will be higher at the time of halving and time can only show us the reality.

Its indeed a speculations but I honestly the speculations is right and that this will happen at the end of this year due to the halving that is coming, the future of the bitcoin cannot be predicted.


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May 19, 2016, 06:44:18 PM
 #137

Halving will bring good money for users, who know how to wait, also i think in other sphears of bitcoin like mining or trading will be major changes but i don't know what it will be.

I have been hearing for months now that the price will rise because of the halving. Why is the price not rising in anticipation?
I think too many people are long expecting gains, and in the short term are going to get hurt.

Halving has not promised us higher price its just an speculation of people that price will be higher at the time of halving and time can only show us the reality.

Its indeed a speculations but I honestly the speculations is right and that this will happen at the end of this year due to the halving that is coming, the future of the bitcoin cannot be predicted.

Keep your fingers crossed an be ready for surprises, as nobody knows what halving is going to offer us, but being positive I think price will rise.
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May 19, 2016, 06:51:02 PM
 #138

Maybe we're in the halvening already. The Halvening Day itself might turn out to be pretty uneventful. The effects of it though might stretch back a while back in time and forward into the future as well.

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May 19, 2016, 06:58:56 PM
 #139

I have been hearing for months now that the price will rise because of the halving. Why is the price not rising in anticipation?
I think too many people are long expecting gains, and in the short term are going to get hurt.
Do you think what Sad
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May 19, 2016, 07:10:23 PM
 #140

I have been hearing for months now that the price will rise because of the halving. Why is the price not rising in anticipation?
I think too many people are long expecting gains, and in the short term are going to get hurt.
Do you think what Sad

We cannot think about anything when price of bitcoin is involved as no one is sure what will be the price of bitcoin at the time of halving.
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