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Author Topic: What is the Block Reward will be after 1 Aug?  (Read 499 times)
kurkan88
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July 26, 2017, 01:54:41 PM
 #1

Hi Guys,

just a simple question, After 1 Aug, mining BTC will bring me more coins than before 1 Aug? if my daily earnings is currently 0.5 BTC then after 1 Aug my daily mining will bring me 1 BTC regardless of the price.

Thanks,
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July 26, 2017, 02:53:17 PM
 #2

The block reward won't change after august 1 but it's unpredictable what will happen with the difficulty.
Your earning won't stay the same, I guess that differs from day to day, isn't it?
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July 26, 2017, 03:08:19 PM
 #3

The block reward won't change after august 1 but it's unpredictable what will happen with the difficulty.
Your earning won't stay the same, I guess that differs from day to day, isn't it?

So the block reward will be the same, but the diff rate will decrease? that will let miners get more BTC?

Is that good or bad generally? and specially on BTC price - i guess the price will drop for a while.
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July 26, 2017, 03:45:23 PM
 #4

The block reward won't change after august 1 but it's unpredictable what will happen with the difficulty.
Your earning won't stay the same, I guess that differs from day to day, isn't it?

So the block reward will be the same, but the diff rate will decrease? that will let miners get more BTC?

Is that good or bad generally? and specially on BTC price - i guess the price will drop for a while.
That's correct, if the difficulty decreases you earn more Bitcoin.
Although you can't predict exactly what will happen.
I guess the price will drop, also because BTC-E is probably hacked.
Most of the time the difficulty drops then, so you make more BTC but it's valued less in US Dollars.

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July 26, 2017, 05:22:16 PM
 #5

The block reward will be exactly the same on the 1st of August as it is now.  The block reward will not change until the next halving in 2020.

The split is to something completely separate (Bitcoin Cash), which has the same block reward as Bitcoin, but Bitcoin and Bitcoin Cash are completely separate to each other and when you mine a block on one, you do not automatically mine a block on the other.


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kurkan88
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July 26, 2017, 09:02:18 PM
 #6

That's correct, if the difficulty decreases you earn more Bitcoin.
Although you can't predict exactly what will happen.
I guess the price will drop, also because BTC-E is probably hacked.
Most of the time the difficulty drops then, so you make more BTC but it's valued less in US Dollars.

This drop is gonna make all altcoins to the ground i assume.
kurkan88
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July 26, 2017, 09:11:13 PM
 #7

The block reward will be exactly the same on the 1st of August as it is now.  The block reward will not change until the next halving in 2020.

The split is to something completely separate (Bitcoin Cash), which has the same block reward as Bitcoin, but Bitcoin and Bitcoin Cash are completely separate to each other and when you mine a block on one, you do not automatically mine a block on the other.

I have btc on poloniex anyway, and there is no way i can earn the equivalent of this new Bitcoin Cash - to bad for me.
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July 26, 2017, 11:47:22 PM
 #8

I don't think there would be any changes made to the block reward even if the User Activated Hard fork (UAHF) is being activated on 1st august, the block reward would only be reduce by half during the bitcoin halving event, so the miners reward for every block would still be the same until the next halving arrives.

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July 27, 2017, 01:33:38 AM
 #9

Hi Guys,

just a simple question, After 1 Aug, mining BTC will bring me more coins than before 1 Aug? if my daily earnings is currently 0.5 BTC then after 1 Aug my daily mining will bring me 1 BTC regardless of the price.

Thanks,
The block reward will be the same but since there is going to be a fork in the form of bitcoin cash then it is possible some miners decide to switch and the difficulty diminishes you will get more bitcoin that way, remember that the the block reward only diminishes about every four years and that is going to happen approximately on June 2020.
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July 27, 2017, 03:06:57 AM
 #10

The block reward won't change after august 1 but it's unpredictable what will happen with the difficulty.
Your earning won't stay the same, I guess that differs from day to day, isn't it?

So the block reward will be the same, but the diff rate will decrease? that will let miners get more BTC?

Is that good or bad generally? and specially on BTC price - i guess the price will drop for a while.
That's correct, if the difficulty decreases you earn more Bitcoin.
Although you can't predict exactly what will happen.
I guess the price will drop, also because BTC-E is probably hacked.
Most of the time the difficulty drops then, so you make more BTC but it's valued less in US Dollars.



As long as miners can earn more BTC per day than most of the miners will be very happy because everyone knows that in the longer run Bitcoin prices will surely go high. So they will mine now and store it for future selling purpose. Currently, no one can predict what will happen after this date but just hold on to your coins.
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