I think with every halvening the effect on the price will be smaller and smaller, because the absolute decrease in rewards is also getting smaller. Soon 93% of all coins will be mined, so most of the scarcity is already priced in. The price is a result of supply and demand, and demand will play bigger and bigger role while supply is approaching the limit.
We already saw only 3.5 times increase between bull market peaks of the last two cycles - so maybe the next will bring only a x1.5-1.75 increase, so $100k peak of the next cycle.
Topic: Bitcoin Halving only 1 year away - page 6. (Read 917 times)
We are still early
In Bitcoin journey yes but in Bitcoin blockchain reward in proportion to its initial reward (not the time frame of reward halving schedule) no. The next halving will decrease the block reward to 6.25/2 or 3.125. That is way smaller than 50 BTC per block. So I consider the reward journey in terms of total circulating supply to mid - late period. The following Bitcoin mining after two or three more halving is almost negligible in proportion to total circulating supply. See the percentage limit, it is on the 96% of Bitcoin supply. This means Bitcoin is almost mined up. And that is not an indication of early period in terms of mining and block rewards.
The most known effect of halving is the dividing the miner fees into two, and increasing its value due to supply and demand, halving after halving.
By seeing the diagram looks like miners will be in loss maybe after 1-2 halving. Even let's say they still can collect the transaction fees. And with today's price it still struggling and still more than 50% loss compared to last ATH. So yeah, we might see downsizing of mining businesses soon.
By seeing the diagram looks like miners will be in loss maybe after 1-2 halving. Even let's say they still can collect the transaction fees. And with today's price it still struggling and still more than 50% loss compared to last ATH. So yeah, we might see downsizing of mining businesses soon.
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And honestly, we need to admit that 3.125 BTC per block is very low:
Bitcoin's halving is reminding everyone once more, how truly scare Bitcoin really is.
So, important reminder for everyone how close we are already to Bitcoin's Halving.
Only 1 year to go.
If earning 3.125 bitcoin per block is very low, what then are we to say concerning the reward per block for other years that are still ahead after the 2024 halving comes and go??Bitcoin's halving is reminding everyone once more, how truly scare Bitcoin really is.
So, important reminder for everyone how close we are already to Bitcoin's Halving.
Only 1 year to go.
In as much as I don't know how miners feel about the whole reduction In block reward that happens every 4 years, I think it's exciting for bitcoin and it's community, this is another way to tell that indeed, bitcoin have come along way, and till have a long way to go, the achievements recorded in past years and present time is indeed amazing, and we look forward to what the future holds for the only and only true Money.
It puts it all in perspective when you consider that after the next Bitcoin halving we are just one halving away from a whole Bitcoin mining reward. It would then be a question of how long it takes before mining regards would be negligible and relatively lower than transaction fees attached to the blocks.
When the mining reward becomes much lower would that also lower the effect of the halving on the price and the sentiments of traders?
When the mining reward becomes much lower would that also lower the effect of the halving on the price and the sentiments of traders?
Yes, you've heard it correctly!
Bitcoin's next halving is only 1 year away.
https://buybitcoinworldwide.com/halving/
What's an halving?
Miners are getting rewarded for finding new Bitcoin blocks, a new block is created every ⁓10 minutes by miners engaging in Proof-of-Work.
Finding a block for miners means getting a blockreward of valuable BTC, too.
And these block rewards, attached to each Bitcoin block, are decreasing over time by getting halved.
It's part of Bitcoin as a scarce asset because as we all know, Bitcoin is limited to 21M coins.
Each 210.000 mined Bitcoin blocks, rewards are getting halved (= Halving).
210.000 Bitcoin blocks are roughly 4 years but it depends on how fast all 210.000 blocks are mined.
When Satoshi launched Bitcoin, block rewards have been at 50 BTC per block.
Here's an overview:
We are still early
After Bitcoin's block rewards were halved the last time in May 2020 from 12.5 BTC to 6.25 BTC per Block, we'll see a new halving in 2024 (expected to be in April 2024), decreasing Bitcoin's block reward from 6.25 BTC (which is valid actually) to 3.125 BTC per block.
And honestly, we need to admit that 3.125 BTC per block is very low:
Bitcoin's halving is reminding everyone once more, how truly scare Bitcoin really is.
So, important reminder for everyone how close we are already to Bitcoin's Halving.
Only 1 year to go.
Bitcoin's next halving is only 1 year away.
https://buybitcoinworldwide.com/halving/
What's an halving?
Miners are getting rewarded for finding new Bitcoin blocks, a new block is created every ⁓10 minutes by miners engaging in Proof-of-Work.
Finding a block for miners means getting a blockreward of valuable BTC, too.
And these block rewards, attached to each Bitcoin block, are decreasing over time by getting halved.
It's part of Bitcoin as a scarce asset because as we all know, Bitcoin is limited to 21M coins.
Each 210.000 mined Bitcoin blocks, rewards are getting halved (= Halving).
210.000 Bitcoin blocks are roughly 4 years but it depends on how fast all 210.000 blocks are mined.
When Satoshi launched Bitcoin, block rewards have been at 50 BTC per block.
Here's an overview:
We are still early
After Bitcoin's block rewards were halved the last time in May 2020 from 12.5 BTC to 6.25 BTC per Block, we'll see a new halving in 2024 (expected to be in April 2024), decreasing Bitcoin's block reward from 6.25 BTC (which is valid actually) to 3.125 BTC per block.
And honestly, we need to admit that 3.125 BTC per block is very low:
Bitcoin's halving is reminding everyone once more, how truly scare Bitcoin really is.
So, important reminder for everyone how close we are already to Bitcoin's Halving.
Only 1 year to go.
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