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AakZaki (OP)
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May 29, 2016, 01:23:30 PM
 #1
what is meant by " the halving " I find words in some market chatter ?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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May 29, 2016, 01:24:54 PM
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Please Google "Bitcoin Halving"

Reward-Drop ETA: 2016-07-10 11:05:29 UTC (6 weeks, 2 hours, 40 minutes)

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May 29, 2016, 01:28:36 PM
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The only source of bitcoin generation is mining and miners are getting currently 25 btc per block. To control money supply the reward reduces and it is going to be 12.5 btc.
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May 29, 2016, 01:30:20 PM
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http://www.bitcoinblockhalf.com/

The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 25 to 12.5 coins. There is approx 151,600 blocks left before mining rewards is 1/2ed. Which means some changes like people stoping mining farms as no longer profitable or new s11 comes out with much faster hashrate efficency
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May 29, 2016, 04:15:05 PM
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What do you think about the bitcoin and altcoin price after this?
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May 29, 2016, 04:49:02 PM
Last edit: May 29, 2016, 05:06:00 PM by BurtW
 #6
Quote from: keepall on May 29, 2016, 04:15:05 PM
What do you think about the bitcoin and altcoin price after this?
Again, just search for "halving" on this forum.  There are at least 100 threads on this subject already and we really don't need another one.
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May 29, 2016, 04:51:50 PM
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Quote from: keepall on May 29, 2016, 04:15:05 PM
What do you think about the bitcoin and altcoin price after this?

This should probably moved to speculation - or start a new thread there or read one of the many threads on it.  This question really doesn't belong in the Dev and Tech section.
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