Effect of halving on mining network difficulty and transaction speeds

[funbarrel]

halving is surely having a big impact on bitcoins and i think that because of that the transaction speeds will be faster as less people will be sending bitcoins as it will be harder to mine it

[1713511159]

1713511159

[pooya87]

Only due to halving hashrate of mining will not be lowered some of the big miners have to left mining to see any significant change in difficulty.

24h post halving and the hashrate is now +1% since yesterday.

Source bitcoinwisdom.com

This is showing that miners are not leaving even though price doesn't get pumped after halving, showing price at 600$ range will be floor for next pump.

for the most part of last year bitcoin price was stable at $230 on average and didn't seem to be moving at all. at that price miners were earning 25*230=$5750 per each block they mined and nobody were complaining and no topic on bitcointalk about miners and their future with this price.

now bitcoin price is stable at $640 which means miners are earning 12.5*640=$8000 per each block they mine. now why should they leave?

[jackg]

Only due to halving hashrate of mining will not be lowered some of the big miners have to left mining to see any significant change in difficulty.

24h post halving and the hashrate is now +1% since yesterday.

Source bitcoinwisdom.com

This is showing that miners are not leaving even though price doesn't get pumped after halving, showing price at 600$ range will be floor for next pump.

for the most part of last year bitcoin price was stable at $230 on average and didn't seem to be moving at all. at that price miners were earning 25*230=$5750 per each block they mined and nobody were complaining and no topic on bitcointalk about miners and their future with this price.

now bitcoin price is stable at $640 which means miners are earning 12.5*640=$8000 per each block they mine. now why should they leave?

The profitability of mining is not just based on Bitcoin's value. We also need to consider the mining difficulty. As stated above, in the day the difficulty increased by 1%!

[Holdaaja]

Only due to halving hashrate of mining will not be lowered some of the big miners have to left mining to see any significant change in difficulty.

24h post halving and the hashrate is now +1% since yesterday.

Source bitcoinwisdom.com

This is showing that miners are not leaving even though price doesn't get pumped after halving, showing price at 600$ range will be floor for next pump.

for the most part of last year bitcoin price was stable at $230 on average and didn't seem to be moving at all. at that price miners were earning 25*230=$5750 per each block they mined and nobody were complaining and no topic on bitcointalk about miners and their future with this price.

now bitcoin price is stable at $640 which means miners are earning 12.5*640=$8000 per each block they mine. now why should they leave?

The profitability of mining is not just based on Bitcoin's value. We also need to consider the mining difficulty. As stated above, in the day the difficulty increased by 1%!

There was 40% raise on their rewards because of bitcoin prize rise.
So 1% rise on diff is nothing really. Estimated Next Difficulty: 215,802,220,890 (+1.13%)

[jackg]

Only due to halving hashrate of mining will not be lowered some of the big miners have to left mining to see any significant change in difficulty.

24h post halving and the hashrate is now +1% since yesterday.

Source bitcoinwisdom.com

This is showing that miners are not leaving even though price doesn't get pumped after halving, showing price at 600$ range will be floor for next pump.

for the most part of last year bitcoin price was stable at $230 on average and didn't seem to be moving at all. at that price miners were earning 25*230=$5750 per each block they mined and nobody were complaining and no topic on bitcointalk about miners and their future with this price.

now bitcoin price is stable at $640 which means miners are earning 12.5*640=$8000 per each block they mine. now why should they leave?

The profitability of mining is not just based on Bitcoin's value. We also need to consider the mining difficulty. As stated above, in the day the difficulty increased by 1%!

There was 40% raise on their rewards because of bitcoin prize rise.
So 1% rise on diff is nothing really. Estimated Next Difficulty: 215,802,220,890 (+1.13%)

Exactly! There was a 40% rise in the rewards due to the price increase.
However, there was a difficulty increase of 1% in one ay! If that continued then the difficulty would rise  above 40^ and make it unproitable to mine effectively!

[Nimbulan]

Only due to halving hashrate of mining will not be lowered some of the big miners have to left mining to see any significant change in difficulty.

24h post halving and the hashrate is now +1% since yesterday.

Source bitcoinwisdom.com

This is showing that miners are not leaving even though price doesn't get pumped after halving, showing price at 600$ range will be floor for next pump.

for the most part of last year bitcoin price was stable at $230 on average and didn't seem to be moving at all. at that price miners were earning 25*230=$5750 per each block they mined and nobody were complaining and no topic on bitcointalk about miners and their future with this price.

now bitcoin price is stable at $640 which means miners are earning 12.5*640=$8000 per each block they mine. now why should they leave?

The profitability of mining is not just based on Bitcoin's value. We also need to consider the mining difficulty. As stated above, in the day the difficulty increased by 1%!

thats true i think that its more dependent on difficulty than just on the bitcoin price, i think halving will not have too much of the effect as the price will most probably grow

[jackg]

Only due to halving hashrate of mining will not be lowered some of the big miners have to left mining to see any significant change in difficulty.

24h post halving and the hashrate is now +1% since yesterday.

Source bitcoinwisdom.com

This is showing that miners are not leaving even though price doesn't get pumped after halving, showing price at 600$ range will be floor for next pump.

for the most part of last year bitcoin price was stable at $230 on average and didn't seem to be moving at all. at that price miners were earning 25*230=$5750 per each block they mined and nobody were complaining and no topic on bitcointalk about miners and their future with this price.

now bitcoin price is stable at $640 which means miners are earning 12.5*640=$8000 per each block they mine. now why should they leave?

The profitability of mining is not just based on Bitcoin's value. We also need to consider the mining difficulty. As stated above, in the day the difficulty increased by 1%!

thats true i think that its more dependent on difficulty than just on the bitcoin price, i think halving will not have too much of the effect as the price will most probably grow

Therefore, it could also be said that as the difficulty increases, so may Bitcoin's price.
If new coins are harder to get, many of these coins are guarenteed to go to the three main pools/miners, meaning that, they can put prices up due to the difficulty it is to get the block verified and submitted to the network!

[rekinthis]

i dont think that halving had too big of an impact on mining, even though the price of the bitcoin is the same and reward dropped i think the difficulty is going to decrease a lot and everything will be just fine

[hermanhs09]

Is it possible that the halving will reduce the confirmation speeds even more then peole say they are doing at the moment? (as a result of the cost of electricity and maintenance needed by mining hardware).
This will then lead to the mining network difficulty decreasing, allowing for it to become more profitable to mine again (meaning that the confirmation speeds can become more stable again and change back to the way they were before)?

I would say that the effect of halving is actually transaction speed deacrease.
Maybe im not right but i have been waiting today 5 hours for 1 confirmation so well... just do your job miners ;P