The halfing might not have a lot of effect if current difficulty increases keep staying high. At the current rate, an S5 or SP20 is going to be unprofitable for most folks BEFORE the halfing arrives to put the final kill blow in on them.
Even with cheap electric.
It's starting to look like even VERY VERY cheap 3 cent/KWH electric might be marginal a month before the halfing.
Topic: 232 days before bitcoin block reward halving - page 4. (Read 5799 times)
I am only seeing it going to 1000$+ before halving or even new all time high price. I expect it not to go very much above 1000 as most of the people will like to sell it they see that price.
The pre-halving run is what you're talkin about, the fall part of it will blow your mind. Sell now and cry forever or buy now and live forever in plentiful-ness. 
I am only seeing it going to 1000$+ before halving or even new all time high price. I expect it not to go very much above 1000 as most of the people will like to sell it they see that price.
In bitcoin world, a lot of things can happen in 2,32 days.
Yeah, maybe it reaches 1.000$ in 3-4 months and a few days before the halving the price goes down, at that point I doubt people would care that much since the price already peaked 1k
Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.
those that are holding are the minority, the majority are playing the market, the big guy with plenty of bitcoin(and they matter more) are always playing, they also do not need to hold 50k coins or how many they have
it's thanks to them that adoption will enter in play at some point, small fish will buy from them
Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.
those that are holding are the minority, the majority are playing the market, the big guy with plenty of bitcoin(and they matter more) are always playing, they also do not need to hold 50k coins or how many they have
it's thanks to them that adoption will enter in play at some point, small fish will buy from them
In bitcoin world, a lot of things can happen in 2,32 days.
I believe the price will rise well before the halving
I think a lot of people are aware of it and indeed probably a lot of coins are being bought up now
I think this will continue more and more the closer we get to the halving
I expect strong buying in January when people figure out how much cash they have left after Xmas bonuses and gifts are all done
Also in March/April I think people will buy a lot because it's very close then and if they have spare cash end of the tax year.... They might Park it in btc to get some coins before the supply dwindles...
Good things in store I reckon for those who haven't given away their btc as of yet
That's the same/similar pattern we had on the last bitcoin block halving. Nothing much to worry about. I think a lot of people are aware of it and indeed probably a lot of coins are being bought up now
I think this will continue more and more the closer we get to the halving
I expect strong buying in January when people figure out how much cash they have left after Xmas bonuses and gifts are all done
Also in March/April I think people will buy a lot because it's very close then and if they have spare cash end of the tax year.... They might Park it in btc to get some coins before the supply dwindles...
Good things in store I reckon for those who haven't given away their btc as of yet
I believe the price will rise well before the halving
I think a lot of people are aware of it and indeed probably a lot of coins are being bought up now
I think this will continue more and more the closer we get to the halving
I expect strong buying in January when people figure out how much cash they have left after Xmas bonuses and gifts are all done
Also in March/April I think people will buy a lot because it's very close then and if they have spare cash end of the tax year.... They might Park it in btc to get some coins before the supply dwindles...
Good things in store I reckon for those who haven't given away their btc as of yet
I think a lot of people are aware of it and indeed probably a lot of coins are being bought up now
I think this will continue more and more the closer we get to the halving
I expect strong buying in January when people figure out how much cash they have left after Xmas bonuses and gifts are all done
Also in March/April I think people will buy a lot because it's very close then and if they have spare cash end of the tax year.... They might Park it in btc to get some coins before the supply dwindles...
Good things in store I reckon for those who haven't given away their btc as of yet
Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.
There is no chances for downfall of prices around halving. Because basic economic rule of supply demand will apply here. Halving will give some boost in bitcoin prices either in short term or long term but definitely will give.
I also do not have doubt on direction of the price movement, only the confusion is when will the price surge will occur, whether it will give short term impact or long term impact. I believe by 2016 end we can see the full consequences of halving.
Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.
There is no chances for downfall of prices around halving. Because basic economic rule of supply demand will apply here. Halving will give some boost in bitcoin prices either in short term or long term but definitely will give.
Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.
It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.
Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.
Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.
Yes I agree, this must be the idea behind the halving. Instead of changing drastically after 4 years, it may be designed to decrease on every block. But the drastic change in supply will fire the value. The higher value will attracts many new users. This is what Satoshi must have aimed.
Look at Litecoin. Halving the reward didn't send it anywhere near its ATH.
Crypto is entering a new era where many 'official' eyes are on it now.
Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.
It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.
Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.
Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.
Yes I agree, this must be the idea behind the halving. Instead of changing drastically after 4 years, it may be designed to decrease on every block. But the drastic change in supply will fire the value. The higher value will attracts many new users. This is what Satoshi must have aimed.
Personally, I can't imagine btc will pump if so many people are holding and waiting. I'd expect a movement in the direction with least resistance.
Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.
It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.
Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.
Halving is the most important thing in bitcoin ecosystem. The capped supply and halving are the prime factors to maximize the value of bitcoin over some time period. Satoshi aimed like only a investment vehicle can reach mass, then it can slowly turn into value transferring unit.
Now is hash rate 590PH/s how many people and companies have cheap energy from it? I'm sure that less than half.
Most of the big farms, if not all by now, are located in low-cost electric areas.
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1.There is only one decent company that manufactures miners-bitmain..thats problem
Avalon also.
Probably Lketc soon, probably Innosilicon soon.
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2.http://rigwarz.com/ S7~ 196 days + 200 usd/eu for PSU+ any fees and price fluctuation BTC if you have 0.12 usd per kW..not many people have that price..
That's close to or a little HIGHER than the average US electric cost. LOTS of folks have lower electric cost.
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apropo me the day before yesterday because of power outages and internet, burned ANOTHER my antminer S5.
That is a very easy issue to fix, with a few different options on the fix, including at least one ZERO COST fix option.
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I've had three pieces where one blade is dead and it is only at half power.
Have you been overclocking?
Do you use good RELIABLE power supplies?
Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.
It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.
Yes it must be a good thing and most needed thing to make bitcoin get advertised by it's basic property of good higher value. This one must be the idea of Satoshi to make bitcoin more popular in one day itself. Yes everything may get changed around halving.
Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.
It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.
Either BTC price increase double or miner difficulty drop half (maybe 30-40%). So efficient miner continue to mine like nothing happened. Sell your old miner now before its too late.
It seems we need to prepare for halving from now itself to face any kind of situations. I believe price of bitcoin will go high to cover the halving situations. In my point of view, 2016 will be the repeat of 2013 bitcoin price roaring just with only dissimilar of different reason.
What will happen? Here is what I think: SOME marginally profitable miners will shut down and you will see a small but noticeable drop in hash rate.
Some marginaly profitable miners will shut down. But the has rate will not drop. Those miners will be replaced by more efficient miners.
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