Bitcoin has just halved for the third time! A snaphot of various metrics!

[fillippone]

Bitcoin has just halved!


 
Block 630,000 has the first 6.25 Rewards in bitcoin history.





A few relevant statistics at the time of halving, it would be nice to review at the next halving!


Mining Information

	Hashrate Distribution	Mining Difficulty	Mining Hashrate

Layer 2 solution: Lighning Network


Spreadsheet Recap

Google Spreadsheet Link

Which other metric do you think it is useful to have a snapshot of bitcoin ecosystem right now?


A true pearl:

The final Bitcoin block with a subsidy of 12.5 BTC was mined by
@f2pool_official
 and contained the following message in its coinbase transaction:

�NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue

https://twitter.com/lopp/status/1259929075902222345?s=20

Double check here:
https://blockchair.com/bitcoin/block/629999

[1714007259]

1714007259

[1714007259]

1714007259

[1714007259]

1714007259

[1714007259]

1714007259

[freedomno1]

There was a time when the Halving was coming and now it has come!!!!
Happy Days

[bitbunnny]

There was a time when the Halving was coming and now it has come!!!!
Happy Days

Well, that is about to see. We can't say if halving is happy or not, at least not yet. Time will show if that will move the price rise and for how much and how long or the price fall.
Although many predictions were very positive, we'll see what direction will price go.

[countryfree]

Looking at the price, this turns out to be a non-event.
Just like last time, if I remember correctly. We'll have to wait a few months to see its effects. So far, only geeks have something to talk about.

[Chivas Regal]

Happy New Bitcoin Year!  With every halving the price has seen some volatility - perhaps now that the halving has occurred together with the lockdowns being eased we will see a return to a more stable level in the mid $20k's?  $25,000 perhaps within a year.  I think that will be the max price for a while then settle around $18k/$19k after that.

[figmentofmyass]

Looking at the price, this turns out to be a non-event.
Just like last time, if I remember correctly. We'll have to wait a few months to see its effects. So far, only geeks have something to talk about.

the hash rate is dropping. it's hard to say by how much exactly, but blocks are being generated about once every 11.4 minutes now. it was slightly below 10 minutes before the halving. after only 8.5 hours, that's a bigger drop than i expected.

price-wise, a $2k dump is par for the course. that's just bitcoin being bitcoin.

[Negotiation]

Great for Bitcoin this year Those who have invested in Bitcoin have a better way of pumping than sitting in this lockdown However, Bitcoin has halved and its price has started falling again. It’s hard to say whether Bitcoin will rise in the half for the third time but there is a good chance that the half will leave the event by the end of this year. Bitcoin will never be stable. We can make a lot of profit if the price goes up due to instability Just wait for the next step Without the Corona effect Bitcoin would have risen a lot.

[smyslov]

Happy New Bitcoin Year!  With every halving the price has seen some volatility - perhaps now that the halving has occurred together with the lockdowns being eased we will see a return to a more stable level in the mid $20k's?  $25,000 perhaps within a year.  I think that will be the max price for a while then settle around $18k/$19k after that.

I think we need several months before we can see the impact of halving just like the last time I'm very positive that things will be better for us this year even though we are in the middle of the pandemic, it's hard to make a prediction because of the situation we are in, I just take it as it comes with the belief that things will be better.

[Latviand]

Looking at the price, this turns out to be a non-event.
Just like last time, if I remember correctly. We'll have to wait a few months to see its effects. So far, only geeks have something to talk about.

the hash rate is dropping. it's hard to say by how much exactly, but blocks are being generated about once every 11.4 minutes now. it was slightly below 10 minutes before the halving. after only 8.5 hours, that's a bigger drop than i expected.

price-wise, a $2k dump is par for the course. that's just bitcoin being bitcoin.

Sometimes monthly effect is not that enough to see if the halving is effective or not, wayback 2016, it took a year where bitcoin reached its all time high. But we need to accept the fact that the blocks are slow to regenerate so there's a bigger drop that we could experience. You really need to know if there's something bad in your investment so you need to adopt and adjust because halving really make our bitcoin investment affected.

We all know that there are a lot of factors that affect bitcoin's price and not only halving. You need to deal with that and overcome those factors that make bitcoin's price lower than normal. Considering halving will make you more knowledgeable about the bitcoin's price in upcoming years.

[drlukacs]

There was a time when the Halving was coming and now it has come!!!!
Happy Days

I'm not as optimistic as you are. The halving event always proves that prices will plummet and slowly rise again. So this $ 8k5 price is a pretty high price and I believe that bitcoin could fall to $ 7k or $ 6k5 before it goes to the moon. This is the time when we should hold cash and wait for bitcoin to come cheap to buy.

[fillippone]

Contrary to what happened in various shitcoins, no major drop in bitcoin hashrate:

Despite the reward halvening no major changes in Bitcoin hashrate

data:
@glassnode

https://twitter.com/cryptounfolded/status/1260181680213700608?s=20


Mining industry is going into a major shakeout.
Looks who's out of business now:

Antminer S9s that produce more than 20% of Bitcoin's current hash rate are no longer profitable

https://twitter.com/cryptounfolded/status/1260185456559435785?s=20

In my humble opinion the race to get more efficient hardware equipement has played a major role in the mid march market crash. With lot of miners caught off gueard while sustaining major expenses to renew the mining Hardware.

[Stedsm]

This was both a phenomenal incident as well as a sorrowful one.
Phenomenal because it has reached yet another milestone successfully and sorrowful because it costed many miners their courage as weak hands have left the mining game already and this shows that the price needs to set itself up to a level where mining BTC becomes profitable once again.

[sheenshane]

snipped-
With lot of miners caught off gueard while sustaining major expenses to renew the mining Hardware.

This is already expected from those some miners because, for them, mining is a long game about survival. They expect that after halving they will shut down and they should have more efficient mining machines to cope up after halving and of course, cheap electricity is getting more advantage.

Halving is here all mixed emotions that we have will be over now because soon it will tell us what is going to be real from our speculations and prediction. Bitcoin's price probably not be favorable to us for a while but surely it will still kick to sky high and will give us a better or merely stable price before the end of the year. Everyone just enjoys and be happy with this halving!

[fullhdpixel]

Okay that was really fast, like I'm really confused right now. I wasn't expecting the Halving to happen now. I have been making use of the Binance Academy site to be counting the days to the Halving and I thought it was going to be accurate. Lol, the site is still reading that the halving will be in two days, dumb site lol. So I'm wondering what's going to be next? Some have said that the event will not only favor the miners, because the reward they are getting for mining coins is going to reduce, and a lot of them are going to drop out since they are not getting enough. But how sure are we that the price will start going up from now? There has been a slight decrease to $8k price range and the price has made a little comeback, I hope it goes up.

[fillippone]

I found a nice article detailing how halving are implemented in the bitcoin code.
A nice read, even if you are not a programer (like me).

Dissecting the code responsible for the Bitcoin halving

n a few hours, the Bitcoin network will experience its third “halving”. So what is it and how does it work under the hood?

Let’s deep-dive into the nitty-gritty details. The fun stuff. 🤓

There is a nice paragraph demystifing the legend the bitcoin protocol expectes 64 halvings.

[squatz1]

I found a nice article detailing how halving are implemented in the bitcoin code.
A nice read, even if you are not a programer (like me).

Dissecting the code responsible for the Bitcoin halving

n a few hours, the Bitcoin network will experience its third “halving”. So what is it and how does it work under the hood?

Let’s deep-dive into the nitty-gritty details. The fun stuff. 🤓

There is a nice paragrahp demystifing the legend the bitcoin protocol expectes 64 halvings.

Great compilation of data here man, +merited on both topics.

An amazing day for all of us involved in Bitcoin happy HODL'ing to everyone here and I hope all of you are staying safe and are hopefully getting by financially. Tough time for everyone, but at least we can all take a collective sigh of relief as we've yet again learned that code is much better at monetary policy then humans.

[Lucius]

It is interesting what kind of message was added to the last block with the reward of 12.5 BTC, but it is also interesting that first block with 6.25 BTC reward also contains a message. At the moment, it does not occur to me what exactly the date October 3, 2020 refers to?

Chancellor knows the future ... 03/Jan/2009 - 03/Oct/2020

https://live.blockcypher.com/btc/block/000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d/?page=1

[fillippone]

It is interesting what kind of message was added to the last block with the reward of 12.5 BTC, but it is also interesting that first block with 6.25 BTC reward also contains a message. At the moment, it does not occur to me what exactly the date October 3, 2020 refers to?

Chancellor knows the future ... 03/Jan/2009 - 03/Oct/2020

https://live.blockcypher.com/btc/block/000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d/?page=1

I have no clue, honestly.
Correct me if I am wrong anyway, but actually I think that data was not in the header of the block, like the previous one, but instead was anchored in "Blockcypher" private database, and only anchored into a transaction in that block.
So this is far less relevant.

 

[Lucius]

Correct me if I am wrong anyway...

You're right about that, block 630 000 is mined by AntPoll, and coinbase data is not show that message. And as for the block 629999, you missed one 9 in link, so you're actually pointing to a block 62999 which is mined back in 2010, maybe even from creator himself

[fillippone]

Correct me if I am wrong anyway...

You're right about that, block 630 000 is mined by AntPoll, and coinbase data is not show that message. And as for the block 629999, you missed one 9 in link, so you're actually pointing to a block 62999 which is mined back in 2010, maybe even from creator himself

Fixed that, thanks for letting me know.