Topic: BITCOIN HALVING? - page 2. (Read 4236 times)

Yes, I know something. How much is the bitcoin mine and how much it needs. It indicates that every 210,000 blocks should be reducing the amount of new currency released, as the code decreases in half, it is going to calculate how many blocks have been solved. When the number is 28,000 hits, the first half will happen.
When the 210,000 block hits, Bitcoin is released by 50 * quin 2 divided by 2.5 billion satis or 25 bitskays.
On line 1574, the code specifies how the maximum number of bitcoins reached.

Problems like.....?


You know....this upcoming halving happened a year ago.
We're at block 510678.


Do you know how to not necro threads?
And just as #odolvlobo said, stop using google translate.
We really need a restriction so that newbies can't post in threads that haven't got a reply in more than 3 months.

The amount of new bitcoin created and earned by miners with each new block of transactions is about to be cut in half. ... When these sorts of changes in bitcoin's inflation rate take place, it's known as a halving event. This upcoming halving is expected to take place this Saturday when block 420,000 is mined.

there is nothing wrong in halving of bitcoin because working in organized manner is far better to achieve your goals in limited time in the best possible way. halving will solve many problems.

That's a common misconception. Actually, there are more coins available after the halving. Whether before or after a halving, the supply continues to increase until it reaches 21 million.

The halving is a controlled process in bitcoin, we know in what year and more or less we know the exact date as well, so there is nothing to fear, in fact each halving is a motive of celebration since it means less coins are available and after some time bitcoin reevaluates itself due to the decreased supply, your best bet is to buy your bitcoin way before the halving when there are some dips so you can obtain the most profits out of your investment.

There will be 31 more halvings in the years to come, and mining will continue as long as Bitcoin continues, even after the halvings are done. Read this: https://en.bitcoin.it/wiki/Controlled_supply


None of that makes any sense. My guess is that you used google translate.

Bitcoin halving is a good partition to locate numbers of pieces in every dimensions of bitcoin parts in crypto. This will manage wisely to control the distribution of budgeting allocating coins.

Certainly, I know.
Since My spouse and i can't say for sure about the entire details about yet one of the my good friend advised me about this and explained me.
According to him the network of the Bitcoin will see all the details in the Bitcoin transaction that how much they extracted and how much they necessary to mine more.
Generally there didn't airise any technical problems but still after having people things that price may get more high or may go down sharply, so we should remain effective whether what is heading on.
The last halving was at the last 12 months about mid of the year, and now I actually think next halving will the final halving and after that no halving and no more gold mining of the Bitcoin will take place.

Miners, as one can imagine, stand to be impacted the most when the next halving event takes place.

In the white paper, Satoshi explains that the addition of bitcoin comes at the expense of CPU time and electricity. Miners have special-purpose pieces of hardware that are constantly running in a bid to discover the next block, using a constant flow of electricity along the way.

They make money when the revenue generated through mining those bitcoins exceeds the cost of running the mine, which in addition to electricity also includes personnel overheard, insurance and any other charges that come along with powering a high-intensity data center.

But with the halving, miners stand to see their revenue fall by a commensurate amount, bringing with it a significant impact on their business.

Yes. It's kind of a scheduled thing and it is nothing random. Like the halving in 2016, there have been countdowns for it. So if you expect this to happen in 2020, then you'll likely see a lot of those countdowns popping up around the internet anyway. Let's not all rush into the halving, it will come. But before that, go horde some bitcoins!

As far as I know there will be no halving that will happen this year in the month of July. For your information it already happen last year, 2016, and will happen again 4 years after which is by the year 2020. For now it is 3 years too early to say that halving near, also June 21, 2020 is the date when next halving will happen according to bitcoinblockhalf.com but you are right that buying bitcoin now is wise rather than buying it a month before halving.

Bitcoin halving is just the process in which the block reward the miners receive when they solve a block gets cut in half, there is not a problem when the halving hits but since the miners depend on the block rewards to make money, then an increase in fees is most likely to follow and it is a good strategy to buy bitcoin before the halving since months after it the price tends to go up.

if you are more than a year old in the bitcoin world you are most likely very familiar with bitcoin halving

The only problem I see is bitcoin prices will go up and late adopters will find them expensive to buy

As I have already pointed out price is expected to skyrocket and buying after the halving will deprive you in bitcoin quantity so buy more bitcoins now cheaply.

Thats roght bitcoin price will increase more after the halving in this july. For sure maybe the price of bitcoinafter tha halving will become double . But even they have a research bro we dont know the exact amount of the bitcoin after the halving.  But i hope the result is good for everyone. So what are you waiting for buy bitcoin now and enjoy later the profit. More bitcoin more money to come.

bitcoin needs to be bought near and after the halving. You can search more information about the halving on the internet and it is said that after the halving, the block reward will decrease 50%. Therefore, there will be less bitcoin can be mined per one block and it is certain that the price will increase

Most of the old bitcoin users here know about bitcoin halving. And last year many witnessed it here.


Yes, there's a problem but mostly it is only for the miners.


It is better to buy bitcoin before it happens and don't wait before the halving comes. But last year what happened the price didn't increase rapidly.

This is what I call empty verbiage

Even if there is no difference between new and old coins, this doesn't in the least mean that the amount of coins that miners produce doesn't diminish after the halving (which is the point). You are not just nitpicking, you are also making irrelevant claims here. More specifically, in this case it doesn't matter whether new coins are indistinguishable from the old ones or not. And while we are at it, there is still a difference between "new" coins and "old" coins. New ones are mined after a certain date which has a special meaning (the day when the mining reward is halved). So you are factually wrong even in that

You are correct to a certain extent. I am, but only because I'm too lazy to post a full explanation every time this misconception is stated as if it were a fact.

TL;DR: The halving does not reduce the supply. Instead, it reduces the influence by miners (as a group) on the market.

First some distinctions are important. There are two meanings of the word "supply".

There is the money supply. It is the total number of available coins. It is a number, though its value might vary depending on what is meant by "available".

Then there is the market supply. That is what is meant by "supply and demand". It is a curve. One axis is is price and the other is the number of coins that can be bought at that price. All coins in the money supply, including "new"coins, are represented somewhere in the market supply.


First, there is no difference between "new" coins and "old" coins. When people write about "new" coins and they call it supply, they really mean production. Those are two fundamentally different concepts. There is no such thing as "production and demand".

Second, stating that the halving reduces the supply implies that the number of coins in the market is now less than it used to be because the subsidy is 1/4 of what it used to be, and it implies that when the subsidy falls to 0, there will be no more coins for sale.

Of course, that is nonsense. Coins are not consumed. The coins in the market consist of "new" coins plus "old" coins, and the number of "old" coins available for sale is constantly increasing.

So in summary, when people write that "the halving reduces the supply", they are wrong on a few counts. The money supply is always increasing, and the market supply is always shifting to the right. Neither supply is ever reduced by the halving. Instead, the halving reduces the number of coins held by miners, so it reduces the effect by miners (as a group) on the market.

I think that the bitcoin block reward halving have an organic impact into btc´s price, there is not an immediate price increase, but with time it jumps ahead.
Also, it´s not a linear correlation between price x block reward halving, we can´t assume that after the next halve the price will double, that´s not how it works.