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Author Topic: [2016-06-12] coindesk.com | What is the 'Halving'? A Primer to Bitcoin's Big  (Read 194 times)
eye4bd
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June 12, 2016, 05:23:10 PM
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What is the 'Halving'? A Primer to Bitcoin's Big Mining Change

Of all the rules in bitcoin's code, few are as revered as the hard limit of bitcoin production.

The code dictates that 21 million coins will be released over the course of bitcoin's lifecycle. By limiting the total amount of bitcoins that could be created, Satoshi Nakamoto was able to establish a defined amount of available data, a revolutionary accomplishment in and of itself....

http://www.coindesk.com/making-sense-bitcoins-halving/

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June 12, 2016, 06:37:20 PM
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A more even-handed presentation of the halving than most articles.

It comes down to the following:

Block reward halves to 12.5 from 25.

As a miner, either you hope that price doubles over the next few months, or you increase your operation to keep the same income stream. As the article mentioned, some are using nearly free electricity, so they don't really give a damn.

Any claims that the halving will produce a "downward spiral" for mining is a bunch of hand-waving hysteric nonsense. If that were true, it would've tanked Bitcoin LONG before the prices and hashrates we're seeing now. Don't fall prey to those kinds of sensationalist claims.

fortitudinem multis - catenum regit omnia
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June 12, 2016, 07:20:13 PM
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A more even-handed presentation of the halving than most articles.

It comes down to the following:

Block reward halves to 12.5 from 25.

As a miner, either you hope that price doubles over the next few months, or you increase your operation to keep the same income stream. As the article mentioned, some are using nearly free electricity, so they don't really give a damn.

Any claims that the halving will produce a "downward spiral" for mining is a bunch of hand-waving hysteric nonsense. If that were true, it would've tanked Bitcoin LONG before the prices and hashrates we're seeing now. Don't fall prey to those kinds of sensationalist claims.


Hi
I'm tottaly agree with your thinking. On going BTC excitement fueling publication to publish ton of articles within very sort period of times. So are missing 'quality' of contents.

Thanks for your time!

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