davidwpenny (OP)
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December 12, 2014, 08:24:07 AM |
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Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.
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redsn0w
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#Free market
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December 12, 2014, 08:35:45 AM |
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Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.
check this site : http://bitcoinclock.com/ it will be helpful for you .
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newIndia
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December 12, 2014, 09:38:41 AM |
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Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.
The date & time u'll find are just estimation. For bitcoin, reward gets halved at every 210,000 blocks found. Now, the estimated date & time will vary depending on how fast the blocks are found.
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Q7
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December 12, 2014, 11:50:10 AM |
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I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder....
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dreamspark
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December 12, 2014, 12:08:24 PM |
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I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder....
1800 BTC a day less is very likely to cause a price increase. That coupled with the expectation of a price increase around the halving will likely make it a self fulfilling prophecy.
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mlferro
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December 12, 2014, 12:45:18 PM |
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Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.
check this site : http://bitcoinclock.com/ it will be helpful for you . thank you for the tip site up! was very most useful
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redsn0w
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#Free market
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December 12, 2014, 01:11:00 PM |
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Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.
check this site : http://bitcoinclock.com/ it will be helpful for you . thank you for the tip site up! was very most useful You're welcome , I'm waiting the next block reward halving [~ 31-07-2016] -- (I really want to see what will happen to the bitcoin price).
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elephantas1
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December 12, 2014, 01:27:36 PM |
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it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?
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Totscha
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December 12, 2014, 01:46:55 PM |
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it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?
No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1%
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bornil267645
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December 12, 2014, 01:49:17 PM |
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Lots of speculation about the Bitcoin halvation but no way to tell the specific date.
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dserrano5
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December 12, 2014, 01:54:30 PM |
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Lots of speculation about the Bitcoin halvation but no way to tell the specific date.
(northern) Summer '16.
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Totscha
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December 12, 2014, 01:56:02 PM |
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Lots of speculation about the Bitcoin halvation but no way to tell the specific date.
(northern) Summer '16. ish...
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justusranvier
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December 12, 2014, 04:06:36 PM |
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Lots of speculation about the Bitcoin halvation but no way to tell the specific date.
(northern) Summer '16. ish... Probably.
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Sindelar1938
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December 12, 2014, 04:24:42 PM |
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Last time I did the math, we were on track for the next halving in May/June 2016
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LiteCoinGuy
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In Satoshi I Trust
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December 12, 2014, 04:35:32 PM |
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I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder....
1800 BTC a day less is very likely to cause a price increase. That coupled with the expectation of a price increase around the halving will likely make it a self fulfilling prophecy. i would make a bet that we are not at 350 USD in mid 2016
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1Referee
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December 12, 2014, 04:39:27 PM |
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At some point blocks were worth +$25,000 with Bitcoin being worth $1000 with a much lower difficulty than now.
And currently it's only $8700 per block, and the difficulty still went up.
Regardless of what the block rewards are, people will continue with mining if the price is high enough.
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hyphymikey
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December 12, 2014, 05:20:13 PM |
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Does anyone know how much the date can change? I thought each difficulty change would put us back on track for the normal date of halving. So when we got closer wouldn't the difficulty adjust accordingly and put us closer to the exact date?
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kilminukas
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December 12, 2014, 05:38:57 PM |
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it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?
No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Would the price increase 2x then?
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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
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December 12, 2014, 07:05:21 PM |
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it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?
No. It means that the reward will be reduced to 12.5 BTC per block. But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off... But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact. Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1% Would the price increase 2x then? Not necessarily, no. Price is based on supply and demand. We don't know what the demand will be, all we know is the supply rate of NEW coins being created gets cut by half. We know it will have a general upward effect on price (compared to keeping the subsidy reward at 25 BTC) because the rate at which the supply is increasing is slowing down by half, but no one can predict the price.
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