BITCOIN HALVING IS COMING!!! - page 5.

n0ne

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Quote from: Amph on February 25, 2016, 03:28:21 AM

Quote from: Jet Cash on February 24, 2016, 09:16:01 PM

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

They will manipulate the price because the miners themselves will be mostly depending on the price of the bitcoin during halving.

capcher

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Quote from: Jet Cash on February 24, 2016, 09:16:01 PM

10 minutes between blocks is far to long to build public opinion regardless of block sizes.

I don't think they're going to reduce the time between blocks so you might as well stop pushing that suggestion.

Amph

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Quote from: aarons6 on February 25, 2016, 03:33:57 AM

Quote from: Amph on February 25, 2016, 03:28:21 AM

Quote from: Jet Cash on February 24, 2016, 09:16:01 PM

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

um you do know that only 3600 bitcoins are made a day..

i cant see how that much can make a miner be in a position to massively manipulate the bitcoin market.

there is already 15.5 MILLION bitcoins on the market.. a few thousand a day wont do much to increase or decrease its value.

you know that a big farm can easily mine 100 coins per day right?

100 x 365 x 4 years(from 50 to 25), that is 36500 coins per year, let's assume only two year since big farm joined the party, that is still 70k

also i was not talking about single farm, but about multiple farm working together to manipulate the value, 3600 coins per day are 1314000 coins per year, if this is not enough to manipulate the market i dunno what you need...

aarons6

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Quote from: Amph on February 25, 2016, 03:28:21 AM

Quote from: Jet Cash on February 24, 2016, 09:16:01 PM

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the mienrs themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

um you do know that only 3600 bitcoins are made a day..

i cant see how that much can make a miner be in a position to massively manipulate the bitcoin market.

there is already 15.5 MILLION bitcoins on the market.. a few thousand a day wont do much to increase or decrease its value.

Amph

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Quote from: Jet Cash on February 24, 2016, 09:16:01 PM

It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

not really, there is a massive manipulation going on that is done by the miners themselves, if you think that the miner will let all their asic worth nothing you're wrong

it's too damn profitable for them, they will manipulate the market to increase the value

vinaha

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Quote from: venan on February 24, 2016, 05:48:05 PM

Quote from: vinaha on February 24, 2016, 05:30:53 PM

Quote from: Coaxme on February 24, 2016, 05:23:26 PM

Quote from: venan on February 24, 2016, 05:11:25 PM

and what will happened after halving? what it means? after halving difficulty will increase or decrease?

The difficulty will be increase since the blocks is 12.5BTC

No. The difficulty will not increase. There will only be 12.5 BTC every 10 minutes, period. No matter what the difficulty is.
I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now.
Until the price doubles, then they will turn on their rigs again.

it means after halving the amount of btc from mining will dercrease, yes? e.g: if i have antiminer s7 with 4.7th/s and i am earning 0.01458042 BTC in one hour with today's difficulty, after halving it will decreased?

So it means that after the halving, supposing that the difficulty is the same as today, you will get half of that. So you would mine 0.00729021

Jet Cash

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Quote from: Drewski on February 24, 2016, 07:24:11 PM

Don't forget to factor in energy costs. With oil tanking recently, energy prices should be coming down for most people, assuming their electricity provider doesn't just gobble up the profits.

I understand that electricity in China comes from coal based generators and renewables. There is an interesting article here.

http://energydesk.greenpeace.org/2015/11/11/chinas-coal-bubble-155-new-overcapacity/

Jet Cash

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It's demand that will drive the price. Coins will still be mined, so if demand doesn't increase, then the price will drop. What could hold back demand? Well one factor could be increased confirmation times as miners drop out of the mix, or submit more empty blocks. 10 minutes between blocks is far to long to build public opinion regardless of block sizes. In fact increased block sizes could lead to longer confirmation times if miners don't fill blocks, and transaction sizes increase.

Drewski

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Quote from: pawel7777 on February 24, 2016, 06:52:57 PM

Quote from: Amph on February 24, 2016, 05:01:17 PM

bitcoin halving != bitcoin value increase

in the sense that the value will not come on the same date, it could come at the end of this year for all we know

I wouldn't be very surprised if we'll actually see a drop in the price on/close to halving day. But, if there are no other significant events, halving should definitely drive the price up in the longer term.

Quote from: vinaha on February 24, 2016, 05:30:53 PM

...
I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now.
Until the price doubles, then they will turn on their rigs again.

Well, remember that we had BTC in $200 range for quite a long time and it didn't cause any massive reduction in hashing power (slight drop iirc). So anything above $450 should be sufficient.

Don't forget to factor in energy costs. With oil tanking recently, energy prices should be coming down for most people, assuming their electricity provider doesn't just gobble up the profits.

pawel7777

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Quote from: Amph on February 24, 2016, 05:01:17 PM

bitcoin halving != bitcoin value increase

in the sense that the value will not come on the same date, it could come at the end of this year for all we know

I wouldn't be very surprised if we'll actually see a drop in the price on/close to halving day. But, if there are no other significant events, halving should definitely drive the price up in the longer term.

Quote from: vinaha on February 24, 2016, 05:30:53 PM

...
I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now.
Until the price doubles, then they will turn on their rigs again.

Well, remember that we had BTC in $200 range for quite a long time and it didn't cause any massive reduction in hashing power (slight drop iirc). So anything above $450 should be sufficient.

tn211

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No one knows what will happen the only thing that is sure that it will be around July, but we just need to see when it really happens, its also that the halving is a bit unpredictable.
I think its just a matter of time before the halving will happen but when it happens we will sure make profit if you have hold your bitcoins by than.

venan

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Quote from: vinaha on February 24, 2016, 05:30:53 PM

Quote from: Coaxme on February 24, 2016, 05:23:26 PM

Quote from: venan on February 24, 2016, 05:11:25 PM

and what will happened after halving? what it means? after halving difficulty will increase or decrease?

The difficulty will be increase since the blocks is 12.5BTC

No. The difficulty will not increase. There will only be 12.5 BTC every 10 minutes, period. No matter what the difficulty is.
I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now.
Until the price doubles, then they will turn on their rigs again.

it means after halving the amount of btc from mining will dercrease, yes? e.g: if i have antiminer s7 with 4.7th/s and i am earning 0.01458042 BTC in one hour with today's difficulty, after halving it will decreased?

Raimonn

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Quote from: venan on February 24, 2016, 05:11:25 PM

and what will happened after halving? what it means? after halving difficulty will increase or decrease?

No one knows what will happen on difficulty, we only know that the minning reward will be the half, now is 25 Bitcoins and after halving will be 12.5 Bitcoins. Difficulty could increase if minners increase its hash power (if bitcoin price increase like a lot of users think, miners could be interested on increasing its hash power), but if the price of bitcoin is lower than expected its possibly that miners turn off some of this equipment and difficulty could decrease.

vinaha

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Quote from: Coaxme on February 24, 2016, 05:23:26 PM

Quote from: venan on February 24, 2016, 05:11:25 PM

and what will happened after halving? what it means? after halving difficulty will increase or decrease?

The difficulty will be increase since the blocks is 12.5BTC

No. The difficulty will not increase. There will only be 12.5 BTC every 10 minutes, period. No matter what the difficulty is.
I presume the difficulty will decrease because many people will not be able to pay for the electricity mining only half of what they are mining now.
Until the price doubles, then they will turn on their rigs again.

Rotator

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Probably we will have chance to double money if invested now.
And more money will come during many speculations and fluctuation,
that will come during or after halving.
Prepare yourself for worst (FUD) news in life (and possible hucks of exchanges) around halving..

spazzdla

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Quote from: Coaxme on February 24, 2016, 05:23:26 PM

Quote from: venan on February 24, 2016, 05:11:25 PM

and what will happened after halving? what it means? after halving difficulty will increase or decrease?

The difficulty will be increase since the blocks is 12.5BTC

huh.. no.

Coaxme

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Quote from: venan on February 24, 2016, 05:11:25 PM

and what will happened after halving? what it means? after halving difficulty will increase or decrease?

The difficulty will be increase since the blocks is 12.5BTC

LiberOptions

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it will happen in the ends of july and biginings of july.
I hope the price goes up to $10000

caixa

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Don't you think it tends do acccelerate? Since the price is going to go UPPPPP?

More people will start mining because of the high price...

no?

venan

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and what will happened after halving? what it means? after halving difficulty will increase or decrease?

Topic: BITCOIN HALVING IS COMING!!! - page 5. (Read 3847 times)