what means halving?

[Dyatrev]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

[PassThePopcorn]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

The block reward to miners will be reduced by half, from 25 to 12.5BTC as it has happened from 50-25.

[Dyatrev]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

The block reward to miners will be reduced by half, from 25 to 12.5BTC as it has happened from 50-25.

ok when last bitcoin mined will miner keep working for transaction confirmations?

[bitdumper]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

The block reward to miners will be reduced by half, from 25 to 12.5BTC
 as it has happened from 50-25.

ok when last bitcoin mined will miner keep working for transaction confirmations?

They will earn from tx fee at that time. People will pay more tx fee to get their tx included. If miners stop working the ecosystem will stop.

[Amph]

no your confusing the amount of intrinsic value with the reward of the block

number of satoshi per btc will always be the same, it would be hilarious if they wanted to change that too in the future

[btccashacc]

They will earn from tx fee at that time. People will pay more tx fee to get their tx included. If miners stop working the ecosystem will stop.

is that mean we will pay more fees after the halving, isn't it ??
i just dont get it, the recommendation of the fee right now is 0.0001 Bitcoin and can average to around .04 cents USD, how much exactly the amount we should pay after the halving?

[stoneage]

They will earn from tx fee at that time. People will pay more tx fee to get their tx included. If miners stop working the ecosystem will stop.

is that mean we will pay more fees after the halving, isn't it ??
i just dont get it, the recommendation of the fee right now is 0.0001 Bitcoin and can average to around .04 cents USD, how much exactly the amount we should pay after the halving?

he probably means that in the year 2140 where there is no more block reward as an incentive for the miners, they (maybe) will ask for higher miner fees for our transaction to be included in a block, the increase in the suggested minimum fee per KB can happen now but there is a very small chance of that currently

[pooya87]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

The block reward to miners will be reduced by half, from 25 to 12.5BTC as it has happened from 50-25.

ok when last bitcoin mined will miner keep working for transaction confirmations?

there is no last bitcoin, the reward of mining a block halves on the set intervals, so they will always earn something. also remember that what miners are earning is the combination of block reward and transaction fees and the amount of fees can change in the future to make mining still profitable for miners.

[teddy5145]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

The block reward to miners will be reduced by half, from 25 to 12.5BTC as it has happened from 50-25.

ok when last bitcoin mined will miner keep working for transaction confirmations?

there is no last bitcoin, the reward of mining a block halves on the set intervals, so they will always earn something. also remember that what miners are earning is the combination of block reward and transaction fees and the amount of fees can change in the future to make mining still profitable for miners.

Actually, the bitcoin has a limit which is 21 Million Bitcoin, and that's why there's a halving in the first place, so we won't ran out of bitcoin easily
It would take about 20 years to mine 21 Million bitcoin

After that the miners will relies on the Tx fee from mining
No need to worry about that for now, 20 years is a long time

[silentkiller]

from the word itself, half.. halving means cutting the production into half,all of us bitcoin owners will benefit on this coming of halving

[knightkon]

Some people think of the halving like it is stock and BTC is not stock.  My question is how long it will be before it halves again and again.  Really, will people even bother mining when it halves down to less than 4BTC?

[PassThePopcorn]

Some people think of the halving like it is stock and BTC is not stock.  My question is how long it will be before it halves again and again.  Really, will people even bother mining when it halves down to less than 4BTC?

About every 4 years, every 210,000 blocks. It occurs similar to how the difficulty adjusts.

Think of it like this, those who want to have transactions included will need to pay more to be included, also with less of a reward that means every day less BTC will be generated from nothingness (mining), if demand stays the same but available new supply decreases what do you think would happen?

[shanerc563]

I would be concerned that as this happens, more miners will go offline and stop processing.  This would lower the value of the bitcoin if I am correct.  Why would we want to pay more in transaction fees when we can revert back to credit card processing?

[PassThePopcorn]

I would be concerned that as this happens, more miners will go offline and stop processing.  This would lower the value of the bitcoin if I am correct.  Why would we want to pay more in transaction fees when we can revert back to credit card processing?

Because as of now and even into the foreseeable future an "increase in fees" is still minuscule in comparison to the amount a credit card processor charges, while also needing to worry about chargebacks, rolling balances. What you are saying is if less people are confirming transactions the value of BTC would be lower, my thought is those that stay will profit more as they have a larger piece of the pie.

Paypal charges 2.9% + 30c per transaction, BTC charges 0.0044799000 cents per kb.


Business' also look at transactions with risk, a coffee shop won't require you to wait for your $1 transaction to confirm before giving you your drink. The value of that drink was much less than $1. Big ticket items they would require you to wait, but then again they would require you to pay a transaction fee, the hope in the future would be for them to provide discounts to offset this as they won't be charged as much from credit card processors and insurance, but this would come as adoption increases.

[kwaasteniet]

I would be concerned that as this happens, more miners will go offline and stop processing.  This would lower the value of the bitcoin if I am correct.  Why would we want to pay more in transaction fees when we can revert back to credit card processing?

Why would the value of bitcoin be lowered when there go miners away? First: the fee is at this moment a small amount in comparision with the blockreward, second: Miners are profit driven, and when the profit of mining and fees lowered after the halving there wil be miners go offline but the miners who stays share the fees and block reward with a smaller group of miners so the profit is rising. You can say that the market for mining has always a point of equilibrium. And we don't have to pay a bigger fees.

[De_Signer]

I think
More people love BTC in future -> more tx -> greater tx fee sum. Even with the fixed fees

In future fee rewards for mining will become greater then discovering reward.

[HelioHash]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

No, 100 mill. satoshi will always be 1 BTC.
Halving mean that block reward drop from 25 BTC to 12.5 BTC.
For 4 years, block reward will be halved again to 6.25 BTC

[btcltccoins]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

We should remember that halving is a good and big event, whenever it will come it will give a big profit for us. Secondly, when halving will be finished, than automatically bitcoin's price will come in his own price.

[trinaldao]

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

oke Let google explains it
https://www.google.com/search?q=block+halving+bitcoin&oq=block+halving+bitcoin
and some people above introduce it

better to google your answer before posting 

[hendra147]

only a reduction in the number of mining blocks. the first of 50BTC will continue to be reduced divided into two. for this year if I'm not mistaken BTC / block will be 12.5BTC

so it does not change the number of bitcoin 1 BTC will remain = 1000mbtc = 100 mil satoshi