Bitcoin Halving Block Reward Countdown

[sunsilk]

Which one is true for bitcoin halving block reward countdown

The majority is using the known https://www.bitcoinblockhalf.com/ for years now.

That's great for miners, but I'm not sure how important it is for the rest of us. 

Just to be on the date and get updated on when's the halving will come. I guess the importance of halving for every people that hold bitcoin is somewhat related to the hope of the price increase which became a pattern now base on the history of halving.

[CyberKuro]

That's great for miners, but I'm not sure how important it is for the rest of us. 

Not sure if bitcoin is going to have a reaction to the halving, if we're going to see a repeat of the last 2 halvings I've seen.  It doesn't seem like the market *should* act like that, because then every halving would be like an opportunity for people to get free money.  On the other hand, any time we get a fork announced ahead of time, it's the same thing.  Free money, but almost like a lottery.  I don't know what to think.

It's important for everyone involved in bitcoin-world, not only for miners.
Halving make sure that bitcoin reward not just reduced a half, but the scarcity which makes it worth more.
The cycle of halving always have a positive impact on the bitcoin market, and wait for a while, bitcoin will reach ATH for sure,  more than $20K obviously.

[Free1bitco.in]

can't wait for that. only a lag of 5 months before halving. all that we have been waiting for will soon be seen, and I hope that the results will match what we expect. most likely, 1 month before halving, I will continue to pay attention to this countdown.

[gunungkembar]

can't wait for that. only a lag of 5 months before halving. all that we have been waiting for will soon be seen, and I hope that the results will match what we expect. most likely, 1 month before halving, I will continue to pay attention to this countdown.

not only you who can't wait to be able to enjoy the halving that will happen next year because I also want to enjoy it because surely the price of bitcoin will soar when halving day happens.

[Eugenar]

I like the Binance one and seems like that one is more correct. However we certainly can not calculate the accurate countdown at-least now.

What Binance just did right here is not to rely on the estimation of the time which is 10mins, but to expect and calculate the rate of transactions being made to mine bitcoin to reach its desired 210,000 blocks. For me, this is much more better and accurate because relying on time will just predict an inexact date though, time is generated from the rate of transactions, we need to base the countdown to the rate of transaction itself plus the formula or algorithm created by binance themselves.

[sadiknazeema@gmail.com]

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[crwth]

Thanks for sharing this. I didn't know that a lot of websites have started their countdown — even Binance, like what Pamoldar posted. I'm pretty sure all you guys are trying to do is show support to Bitcoin. I'm just curious about what would happen with the price when Bitcoin has fewer rewards. Would it be beneficial to everyone? Hopefully, we would benefit in a significant way, like a higher price per Bitcoin.

[Kemarit]

I just had a weird thought though, what if the next halving coincides with the Bitcoin Pizza day on May 22, 2020, LOL, that will be huge historically.

@Pearls Before Swine - well it could have a positive effect on the price as it will be base on supply and demand. If fewer Bitcoins are generated, it will be scarce and makes it the most sought assets. But just remember the increase of the price will not be sudden, it will take years until we reach another bubble.

[noormcs5]

I just had a weird thought though, what if the next halving coincides with the Bitcoin Pizza day on May 22, 2020, LOL, that will be huge historically.

The estimated day for the halving is 12 May 2020 and hence the bitcoin Pizza day is 10 days after the halving.
Halving could not be delayed to bitcoin pizza day 

[Wintersoldier]

I just had a weird thought though, what if the next halving coincides with the Bitcoin Pizza day on May 22, 2020, LOL, that will be huge historically.

@Pearls Before Swine - well it could have a positive effect on the price as it will be base on supply and demand. If fewer Bitcoins are generated, it will be scarce and makes it the most sought assets. But just remember the increase of the price will not be sudden, it will take years until we reach another bubble.

It might be just a coincidence that bitcoin halving will occur the same date as the bitcoin pizza day. Remember, bitcoin halving will happen directly based from the exact number of blocks and we are just estimating based on time. Meaning to say that there is surely a possibility of delays based on the hash power and creation of new blocks being generated to the network. One thing for sure, after the halving, bitcoin's price will surely increase because have the kind of mindset that miners has, which aims for higher market price.

[Cimmy_revenger]

suppose that bitcoin miners 25% of all miners in the world die.
Is halving bitcoin scheduled to be delayed from the predicted schedule ?
because if the miner bitcoin 25% worldwide does not work (dead) then the block confirmation process will be even longer than usual.

[virasog]

suppose that bitcoin miners 25% of all miners in the world die.
Is halving bitcoin scheduled to be delayed from the predicted schedule ?
because if the miner bitcoin 25% worldwide does not work (dead) then the block confirmation process will be even longer than usual.

Why would the 25% of the miners will suddenly die ?  

Do not think of the things which are impossible to happen. Neither the miners will die and not even they are looking to leave the bitcoin mining.

[sisule]

About three months later for bitcoin halving and we can see what happen with bitcoin, will be replace how last halving time where bitcoin can raise with higher price or not, look very happy for many bitcoin investor with halving time because can give profitable and most profit of bitcoin on higher price, but we still do not know which way of bitcoin in this halving on higher or lower price.

[Cimmy_revenger]

suppose that bitcoin miners 25% of all miners in the world die.
Is halving bitcoin scheduled to be delayed from the predicted schedule ?
because if the miner bitcoin 25% worldwide does not work (dead) then the block confirmation process will be even longer than usual.

Why would the 25% of the miners will suddenly die ?  

Do not think of the things which are impossible to happen. Neither the miners will die and not even they are looking to leave the bitcoin mining.

Everything can be happen sir.
For example , natural disasters, earthquakes, floods, landslides occur in locations where buildings are operated for bitcoin mining activities.
The most bitcoin miners in the world are in China.
if the country was hit by a disaster at a bitcoin mining location ?

[nancy]

How you calculated this?

[breathlessz]

suppose that bitcoin miners 25% of all miners in the world die.
Is halving bitcoin scheduled to be delayed from the predicted schedule ?
because if the miner bitcoin 25% worldwide does not work (dead) then the block confirmation process will be even longer than usual.

Why would the 25% of the miners will suddenly die ?  

Do not think of the things which are impossible to happen. Neither the miners will die and not even they are looking to leave the bitcoin mining.

Everything can be happen sir.
For example , natural disasters, earthquakes, floods, landslides occur in locations where buildings are operated for bitcoin mining activities.
The most bitcoin miners in the world are in China.
if the country was hit by a disaster at a bitcoin mining location ?

everything is possible. if a natural disaster occurs at a mining center in China, it will certainly disrupt the minning process. but I don't think this will last long because the damage is only partial, and they certainly have backups to normalize the situation

[Cimmy_revenger]

How you calculated this?

Since 6 blocks are found on average within an hour and halving happens once every 210,000 blocks,
then every 4 years ( give or take ) there will be a halving event.

[Leviathan.007]

I would highly recommend you guys to don't wait for these countdowns because people will start buying bitcoins before the halving happens and the bitcoin bullish movement should happen before the halving.

[rodskee]

I created this cool countdown for bitcoin halving. It also have all the info about BTC halving. https://www.cryptozink.io/bitcoin-halving-block-reward-2020-countdown/

there are many sites that offers same and i think i will go for Binance though this is not accurate(because i am sure there will no one can give the accuracy)yet Binance is more trusted and legit to believe in.

[asus09]

How you calculated this?

Since 6 blocks are found on average within an hour and halving happens once every 210,000 blocks,
then every 4 years ( give or take ) there will be a halving event.

When block time looking bitcoin can raise up with higher price although little just wait until halving coming one week later for getting bitcoin back with higher price or not, many investor look disappointed with several month later for bitcoin halving block time coming but price today still with lower and not have sign way where bitcoin start for raising up to higher price.