Early / Late / Next Halving ... Please miner make it happen a weekend

[guigui371]

Hey guys,
Obviously this topic a little bit humoristic.

I'm trying to organise a "Halving Party" !

According to https://www.bitcoinblockhalf.com/  the Halving on a Tuesday the 2th of May.

This is not going to work for me.

It has to be a weekend on the GMT+12 zone.

So if there is any OG miners here could you slow down or speed up hash calculation and make sure the halving is happening during the weekend it would be epic.

I intend to have a laptop with a  Bitcoin Core  client Sync and observe the block reward dropping.

I have a bunch of 10-15 friends / nerds that will join me and we will go to bar.

I'll organise a meetup and hopefully we can have even more people.
We may even organise paper wallet loaded with like $5 to give to no coiners.

If you happen to be in NZ, you are welcome

I'll share photos of the event and photos of the preparation.

Cheers

[nc50lc]

A miner or mining pool can't directly specify how fast the next block can be mined.

That site that you've linked shows the ETA (Estimated Time of Arrival)
but it's not 100% certain that it will happen on that exact date and time as it's based from the average of 10 minutes per block (or 144 blocks per day) which isn't usually the case.

Theoretically, it can be done if you control at least 20+% of the total hashrate (10%?).
Shutdown your mining farm and watch the remaining miners struggle to mine with the current difficulty.
That should slow-down the block generation speed for the next few blocks in expense for missed profit

[HeRetiK]

From the looks of it this halving countdown doesn't take hashrate growth into account, so you might be lucky

98 days (as of today) is what you get when you assume the average 144 blocks per day to be true. While difficulty should adjust every 14 days (ie. every 2016 blocks) continous hashrate growth can lead to more blocks being mined towards the end of a difficulty period until difficulty re-adjusts (the opposite is true when hashrate declines).

So for the last few cycles the average blocktime was closer to 09:30 rather than 10:00:
https://btc.com/stats/diff

Leading to an average of 151.5 blocks per day.

As of right now there's still 14,212 blocks left to the next halving, which means adjusting for 151.5 blocks per day would put the next halving in 94 days, ie. on the 8th of May rather than the 12th. The 8th of May would be a Friday, so keep your fingers crossed that the Bitcoin network keeps growing the way it has for the last few weeks Or maybe that growth slows down just a little bit, as to put the halving on a Saturday.

[ABCbits]

If "Reward-Drop ETA date" was calculated by assuming block time is 10 minute, then most likely the calculation is wrong because average block time is only 9.4 minutes (because hashrate/difficulty is increasing most of the times) and in past few months hashrate/difficulty is increased.

My rough calculation shows you can achive your goal if average block time is 9.6 minutes.

[guigui371]

Thanks guys for all the info.
So it is really too early to set the date.

Nonetheless, I already have a crowd.
I have a venue that is crypto-friendly, but it is outdoor and the end of April / May is pretty cold in New Zealand.

NZ is very far behind the US in terms of crypto adoption... For example, no business have a POS with crypto.
Some of the venues accept crypto, but it is through the phone of the manager, and then has to be input as a cash payment or direct debit for their accounting software.

Anyway, I'll start on the preparation and keep you in the loop.

Maybe we could start a global phenomenon and have halving parties everywhere?

Cheers

[guigui371]

you guys were right, the date definitely shifted.
And also there has been a fucking world pandemic !

Now, https://www.bitcoinblockhalf.com/ says that the halving is estimated for the

Reward-Drop ETA date: 12 May 2020 09:08:54 UTC

The 12th is a Tuesday, and it is also during the second week of our level 3 lockdown (was had level 4 for 4 weeks).

Social gathering are still banned in public and private places.

The only solution will be to do a Zoom halving party !

[cheater detector]

Oh man..., this pandemic destroy your party. Oh yeah you should be careful about the zoom apps, there are some websites zoom is malware and have problem with the privacy and security https://www.tomsguide.com/news/zoom-security-privacy-woes

[HeRetiK]

That's too bad, but using Zoom to host Bitcoin halving party would be ironic since Zoom is the antithesis of privacy/anonymity.

I haven't used it myself so I don't know how well it compares to other solutions, but Jitsi might be an interesting alternative in this case:
https://jitsi.org/

No matter what conferencing software you're going to use though, just have fun OP! And kudos to you kiwis for keeping the pandemic so well contained, the numbers speak for themselves.

[guigui371]

That's too bad, but using Zoom to host Bitcoin halving party would be ironic since Zoom is the antithesis of privacy/anonymity.

yeah you are right, I wouldn't use zoom on my crypto computer.
I'll use my smartphone or my work computer.

Unfortunately the most user friendly solution are always quite bad for privacy.
Many of my local crypto friends are not tech guru, so we will have to do with Zoom.

Do you have any advice on which platform to use ? (please don't say skype haha)

That's too bad, but using Zoom to host Bitcoin halving party would be ironic since Zoom is the antithesis of privacy/anonymity.

I haven't used it myself so I don't know how well it compares to other solutions, but Jitsi might be an interesting alternative in this case:
https://jitsi.org/

No matter what conferencing software you're going to use though, just have fun OP! And kudos to you kiwis for keeping the pandemic so well contained, the numbers speak for themselves.

Thanks for the tips, I'll check it out.
Yeah we have done a pretty good job to contain it, but it will a high cost on the economy.

[kryptqnick]

That's too bad, but using Zoom to host Bitcoin halving party would be ironic since Zoom is the antithesis of privacy/anonymity.

I haven't used it myself so I don't know how well it compares to other solutions, but Jitsi might be an interesting alternative in this case:
https://jitsi.org/

No matter what conferencing software you're going to use though, just have fun OP! And kudos to you kiwis for keeping the pandemic so well contained, the numbers speak for themselves.

I use Zoom on a regular basis because I'm required to do that at work. Zoom is very easy to use, quite stable, and has many useful features, but the privacy problem is huge there. The company seems to be working on it to make sure the leaks like the one we've seen recently don't happen again, but for now, one should be careful using it and prepared to see a video of this on Youtube. At the same time, you don't need to provide any personal data to use Zoom (you can just open it in a browser and type any name you want. Another big downside is that a free version only allows meetings that last up to 40 minutes if there are 3 or more participants.
In any case, I hope op manages to host that online party since a physical one is highly unlikely to be an option. In my country, for example, the quarantine is till 11th of May (so with halving on 12th it sounds cool), but it's very likely to be prolonged.

[alexforneus]

Are you making meetup in covid days?