Bitcoin Halving Experiences

[IceLincoln]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

[un_rank]

It more specifically happens every 210,000 blocks which approximately is every four years, but not at the same month or day in the year.
21 seemed to be a significant number for Satoshi cause besides the blocks it takes for the halving, Bitcoin difficulty level is adjusted every 2,100 blocks and the total supply is approximately 21 millionBTC.

You can ask what exactly is confusing you and get answers. For personal experiences with the halving, a search will bring may relevant results.

- Jay -

[IceLincoln]

You can ask what exactly is confusing you and get answers. For personal experiences with the halving, a search will bring may relevant results.

- Jay -

How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.
What’s the main purpose of the halving. I wanna hear experiences of people who have benefited or had a loss because of the BTC halving

[Hatchy]

How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.
I wanna hear experiences of people who have benefited or had a loss because of the BTC halving

The main halving events initially has nothing to do with the price of Bitcoin, but the rewards of mining rather. Don't get it confused. Just as un_rank said, after every 210,000 blocks has been mined, the mining rewards will be halved. This happens every 4 years, reducing the supply of Bitcoin. Driving scarcity and potentially impact the price due to changes in supply and demand dynamics.

What’s the main purpose of the halving.

Somewhere today I saw someone say that the halving only benefits miners but that's not true. In a way, the halving benefits everyone equally. We all know that the total supply of Bitcoin is 21 million. If there were no halving, miners might have already mined all the Bitcoins leading to a situation with too much supply and not enough demand. Many people want to buy Bitcoin, but not everyone is ready or aware of its existence. With excess supply and less demand, the price of Bitcoin would likely be lower than it is now.

Satoshi was wise to implement the halving procedure, almost like a time traveler. The last Bitcoin will be mined around 2140, and by then, Bitcoin will be known worldwide, with everyone wanting to hold onto theirs like a piece of heirloom. This will likely drive its price even higher, making Bitcoin the most valuable digital currency in the future.

[Bitcoin_Arena]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years, just like a World Cup… Wow.

The halving happens every 210,000 blocks to be precise, which happens to be approximately every 4 years.

How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.
What’s the main purpose of the halving. I wanna hear experiences of people who have benefited or had a loss because of the BTC halving

Everytime halving happens, it means the number of new Bitcoins entering the circulation is reduced because the block rewards get halved. Since there is an increasing demand for Bitcoin in the market, with the diminishinh supply, it means the Bitcoin price will periodically keep rising.

This is beneficial to investors, traders, and miners and no, BTC halving does not benefit only big companies. Everyone involved benefits as long as the prices keeps mooning.

[Felicity_Tide]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

So, from what I have learnt so far, the halving process happens to be a protocol that was designed alongside every other protocol that makes up Bitcoin in general. This halving occurs approximately every four (4) years, after the successive completion of the mining of 210,000 blocks. Ideally, there is a certain number of rewards that miners get for their hard work and efforts. This reward tends to decrease by half the moment the allocated number of blocks (210K) have been mined. The essence here is to reduce and regulate the amount of supply.

It is important to note that the initial reward for miners was 50 BTC per successive mined block. Along the line, it went down to 25 BTC, then 12.5 BTC, 6.25 BTC, and currently to 3.125 BTC.

In regards to how this halving process affects miners, I have come to understand that there are basically three (3) types of miners, which are: solo miners, pool miners, and cloud computing miners.

Solo miners: are a set of independent miners that work alone and compete with others in mining a block and earning a reward. All mining rewards are meant for the Solo miner only, but the miner must bear the cost of maintenance, high electricity bills, etc.

Pool miners: which I prefer to call group miners, involves a group of individuals that combine their computational power for mining purposes. Rewards here are distributed based on the agreement in place.

Solo miners are basically threatened in such cases, as the reward becomes more scarce. Due to the high cost of maintenance, electricity bill (if not solar), etc., they are forced to join a mining pool instead.

[Hallroom]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

Bitcoin halving is usually the history of the past that you can fully understand because everything is recorded. Halving started from 2012, 2016, 2020 and 2024 this fourth halving was held last April. So you can see the full history of the bull run starting 100 plus days after the Halbing was held. Now we usually just wait for the bull run to start.

[Luzin]

Bitcoin halving is usually the history of the past that you can fully understand because everything is recorded. Halving started from 2012, 2016, 2020 and 2024 this fourth halving was held last April. So you can see the full history of the bull run starting 100 plus days after the Halbing was held. Now we usually just wait for the bull run to start.

Not only his Value. Why Halving? This is to regulate the amount of supply in circulation and keep miners involved. Although in the end miners will only be confirming transfers. With halving conditions, of course the hope is that supply demand will continue to rise and increase prices. In addition, with Halving, it is hoped that the Bitcoin network will remain safe and Bitcoin will avoid Inflation. I have gone through 2 halvings and the nice thing is that I always see the Bitcoin price reach a new high after the halving period. I hope that this year's Halving will also have the same periodicity.

[cryptoaddictchie]

I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

Reward are being halved means their rewards are gettinf smaller but it doesnt mean they will not earn much since the rewards of miners are based on transactions. So in anyway they fould still earn decent. But for the sake of arguement its better if we hear something from miners here hows their experience.

[IceLincoln]

Not only his Value. Why Halving? This is to regulate the amount of supply in circulation and keep miners involved. Although in the end miners will only be confirming transfers. With halving conditions, of course the hope is that supply demand will continue to rise and increase prices. In addition, with Halving, it is hoped that the Bitcoin network will remain safe and Bitcoin will avoid Inflation. I have gone through 2 halvings and the nice thing is that I always see the Bitcoin price reach a new high after the halving period. I hope that this year's Halving will also have the same periodicity.

So I understand now the halving will benefit everyone involved with  Bitcoin, though small scale miners will have a lower chance due to the scarcity of rewards but new investors or people buying bitcoin after the halving will be buying at a higher rate than before the halving. Thanks for your input Sir.

[Z390]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

Maybe now that things are getting back to normal? But right after the halving was completed miners make a lot of money even while the block rewards are cut up in half because of the halving, immediately after the halving was gone, the transaction fee spyke up like crazy, people are using over $100 and more to complete a single Bitcoin transaction, thats a lot of money to be made in few days.

Now, things are back to normal, the Bitcoin transaction fee is down, and yes the mining reward is also down, the best Bitcoin Asic miner out there now is S21 hydro and before the halving this miner with 335th was bringing in $52 including the revenue but today it is down to $15 including revenue, the profit is $3 excluding the revenue, this is very bad.

Unless you have free electricity, this mining thing isn't profitable right now, the only thing that's profitable to mine right now are KHeavyHash coins like Kaspa, in fact Kaspa miners are the most profitable as we speak, forget Bitcoin mining for now, maybe when a new all time high comes there will be a huge difference.

[leonair]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

One is taking 365days and if you multiply it then the total day you will find is about 1460days so if you think that after every 1460days halving is happens then you are wrong. I am seeing that many member have already said that after age 210000 blocks halving happens on bitcoin network. It calculate kinda like this approximately 10minute for per block, and it can be increases or be less due to the network situation. I will say you are right tha Bitcoin Halving affects small traders it also affect on the large miner but they can bear that situation here is the different

[Cricktor]

21 seemed to be a significant number for Satoshi cause besides the blocks it takes for the halving, Bitcoin difficulty level is adjusted every 2,100 blocks and the total supply is approximately 21 millionBTC.

Nope, Bitcoin difficulty is adjusted every 2,016 blocks and not as you claim it.

The total supply of little less than 21 million BTC is directly tied to the halving after every 210,000 blocks because if you add up each amount of block subsidy for every halving epoch, ie. 50+25+12.5+6.25+3.125+...+0.00000001 you get almost 100BTC in total. Multiply 210.000 by 100 gives you...

The exact total supply is due to rounding by binary shifting the block subsidy: 20,999,999.97690000BTC, almost 21million.

21 is result of halving 42 where it's well known that 42 is The Answer to the Ultimate Question of Life, The Universe, and Everything.

[crwth]

You will be affected in some way as long as you have BTC. It's always going to happen no matter what you are doing and there's nothing really special to it, IMO, if you are just a normal user. If you are educating people and letting them understand what it is, you would know what the impact of it is with the market. As long as you are trying to really push the knowledge and share it with others, it's great.

I have been in a couple of halving events and there's really an impact in terms of price. We just have to wait and see what its effect now.

[Dunamisx]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

Bitcoin halving happens as you already know every four years intervals, whereby half of the rewards on previous event is being giving, this halving period is believed to be that period of time whereby the market of Bitcoin becomes more volatile to either rise or fall within a short time intervals, we can also see the experience with high demands on bitcoin after halving and this will increases it market price value to an extent of having a new all time high, for those that have invested, they make profits and later fall as well for those coming in to have an opportunity to buy and hold, it's actually a nice time if we understand how to go about it and avoid losses during the cause.

[un_rank]

How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases

It reduces the added supply not the entire circulating supply. We already have over 19.5 million bitcoins mined, that does not get halved.
The price increases down the road due to the reduction in supply against what should be growing demand.

... and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.

Mining in general favors those with the higher hashrate, which you get from "bigger and better tools". The halving does not affect the chance of any miner to get a block confirmed.

What’s the main purpose of the halving. I wanna hear experiences of people who have benefited or had a loss because of the BTC halving

The main purpose is not subjective. It is the process of confirming blocks which usually contains transactions. This is a necessary process for the proper functioning of the Bitcoin network.
It is also a way of introducing new bitcoins into the market at a controlled rate.

- Jay -

[tabas]

I’ve read about this, but a lot still confuses me, to be honest this is my first time getting to know about it. It happens every four years just like a World Cup… Wow.
I would like members who have in one way or the other been affected by the halving event share their experiences especially miners and investors.
I know it affects small miners the most, let me hear from the experienced guys!

Every halving, those miners that have been affected by the halving have stopped mining temporarily if they can no longer sustain their operations. But for someone like me who speculates and invests in the market, I don't have any problem at all with halving. In fact, it is the sign when the bull run will happen and even we've got some corrections lately, that's pretty normal and there's no bad blood on it. If this month of May becomes a bloody month, that's still okay for me to be honest and someone who hasn't bought at the dip yet can still buy if you haven't done it.

[Learn Bitcoin]

I was not affected by the halving last time. But I was affected during the bull run. I kept accumulating BTC, bought some altcoins, and had a very good portfolio. But, I did not realize that the season would end and I should cash my profit as soon as possible. Instead, I was accumulating more, thinking I didn't want to miss these dips as well, and I thought we would bounce back again.

But It took me a long time to understand that 69K was the ATH for that season. So, it is necessary to understand the market movement, and you have to know when you will exit the market. You have to set a target. As for halving, it does not affect the miners and the investors immediately (Maybe miners were affected). The market change slowly and you have to wait to see the affect.

[Cricktor]

How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.

This sentence sounds like a lot of nonsense to me. The halving doesn't cut the market price of Bitcoin in half, that should be obvious. Halving only affects the block subsidy for miners and new supply of new coins that haven't been in circulation before. This has already been answered here in this thread by others.

What’s the main purpose of the halving.

The main purpose of the halving is a deflationary new supply of new coins. Traditional fiat turns on the money printers whenever more money is needed and demanded by government crooks and the total supply isn't usually capped either. With a deflationary new supply and a top-capped total supply for Bitcoin, Satoshi Nakamoto wanted to present an alternative to the traditional monetary system where the latter showed signs of fails already badly (remember the headline of Times embedded in the Genesis block).

I wanna hear experiences of people who have benefited or had a loss because of the BTC halving

Benefits or losses are usually the result of multiple dependent variables. I don't think it's possible to explain them easily and especially in a consise manner that holds true. If market believes in a bullrun and sets one off, then so be it. I don't see an immediate causal explanation that a bullrun must occur.

An immediate effect is for miners. When block subsidy is halved, they simply get only half amount than before (excluding now the transaction fees, those aren't affected by halving and, well, let's exclude the transaction fee excesses we've observed in blocks 840,000 and following; now pretty much relaxed again mostly). If miners don't change their gear and their power supply costs, then halving gives them half of previous block subsidy but mining/production cost stays the same.

It should be obvious that virtually half revenue with same production costs becomes a problem for miners (again, excluding bonus of transaction fees that add up to block subsidy).

[Darker45]

How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.
What’s the main purpose of the halving. I wanna hear experiences of people who have benefited or had a loss because of the BTC halving

There's a misunderstanding that Bitcoin halving means the supply is cut into half. I surmise that only those who aren't familiar with Bitcoin have this very basic misunderstanding. What's actually cut into half is the block reward, the flow of new supply.

This seems to be the same kind of misunderstanding if you think that the halving means the price of Bitcoin is cut into half. That's not what Bitcoin halving is all about. It doesn't have anything to do with the price. The price isn't coded into Bitcoin.

If we do the math, it's common sense that the halving isn't beneficial to the miners. After all, the halving basically means the miners would be earning 50% less. But since it means the reduction of the flow of new supply, it could also imply a rise in the price since a decreasing supply versus an increasing demand could only mean a price increase.