In today's world of cryptocurrency, Bitcoin Halving is a hot topic. Because the next Bitcoin Halving is very close. So newcomers may have a question,
What is Bitcoin Halving?
So let's take a look at what Bitcoin Halving is.
What does Bitcoin Halving mean?
Bitcoin Halving is a system that occurs every 210,000 blocks. Which usually occurs every 4 years. And when this is Halving, the mining reward is reduced by 50%.
When a block is created or mined in the Bitcoin network, its reward miners are paid by Bitcoin. At present, when a successful block is created, miners are given 12.5 bitcoin rewards. Which will continue till some time in the month of May 6, 2020.
The third bitcoin hacking of Bitcoin will take place in the middle of next May. Minor Bitcoin Rewards will decrease from 12.5 to 6.25 (50% less) after the third Bitcoin Halving.
What Happens When Bitcoin Halving?
Halving occurs automatically after 210,000 blocks have been mined. Which has happened twice before. Looking at the price chart during the previous Halving, it is clear that Halving has had a fairly good effect on the price movement. In other words, the Bitcoin price has always increased due to Halving.
Bitcoin price history shows that the year after Halving took place, there was a big movement in the Bitcoin price. For example, after the first halving in 2012, the price of Bitcoin touched 1000$ (USD). After the second Halving 2016, the Bitcoin price crossed 20,000$ (USD) in December of the following year.
So will Bitcoin maintain its previous price history after the 2020 Halving? The answer can be easily understood by looking at the opinions of big investors and advisors. For this you can google small.
How much Bitcoin Halving is left?
As we know, Bitcoin Halving happens every 210,000 blocks. And the total bitcoin supply is 21,000,000 (21 million).
Considering the total supply and block generation of Bitcoin, it can be assumed that this halving may occur by the year 2140. That means 21 million bitcoin mining will be completed by 2140. As a result, there will be no bitcoin left for mining.
Hope you got a preliminary idea of what Bitcoin Halving is.
Topic: Bitcoin Halving Promotion - May 2020 (Read 216 times)
Wrong thread, but im curious if anyone has shown interest yet?
In the current situation with the global economy, of which the crypto economy is a part, people on the contrary will want to keep money rather than try to raise even more in gambling.
Keep in mind that not everybody (staying at home because they have to) has money problems and they may get bored much more than usual. Gambling is a good way to spend some time.
Yeah, and there are a lot of 1200$ top ups on exchange. People like free money.
But people shouldn’t hope that they will 100% win - so that they will not be left with a naked ass and debts.
In the current situation with the global economy, of which the crypto economy is a part, people on the contrary will want to keep money rather than try to raise even more in gambling.
Keep in mind that not everybody (staying at home because they have to) has money problems and they may get bored much more than usual. Gambling is a good way to spend some time.
I’m not sure that this promotion will work. In the current situation with the global economy, of which the crypto economy is a part, people on the contrary will want to keep money rather than try to raise even more in gambling.
The idea is good, but will it work in current situation?
The idea is good, but will it work in current situation?
we will see how it turns out
It's an interesting idea.
Where will the bot be? On one site or anyone can have it on his/her site?
Well, I think this will make alot sense if price is guaranteed to move high up, else you will probably have only generous or happy people giving out bonuses, day free spins etc
By the way, we have no government like structure to make this somewhat important/necessary so that we can have a special day/days to mark the day, get certain businesses close shop and Bitcoin workers have some rest on the day.
Where will the bot be? On one site or anyone can have it on his/her site?
Well, I think this will make alot sense if price is guaranteed to move high up, else you will probably have only generous or happy people giving out bonuses, day free spins etc
By the way, we have no government like structure to make this somewhat important/necessary so that we can have a special day/days to mark the day, get certain businesses close shop and Bitcoin workers have some rest on the day.
Have seen countdown with free spins on some landing pages
Any of the operators around interested to take the opportunity ?
Any of the operators around interested to take the opportunity ?
it seems like a good idea, very nice
a way like any other to celebrate halving.
which is just a technical event that over the years has become a meeting point between old and new bitcoin adopter, between generation of hodlers
any promotion related to halving is good, if one talks about it
a way like any other to celebrate halving.
which is just a technical event that over the years has become a meeting point between old and new bitcoin adopter, between generation of hodlers
The hype level has somewhat decreased thanks to the COVID effect although people are still hyped for this event though and am personally excited which is why I would try to support this promotion too.
Anyway, what kind of promotions are you thinking of? Something like the ongoing 24 hour Stake races promotion would be ideal. We could have a countdown to the event in this way.
Anyway, what kind of promotions are you thinking of? Something like the ongoing 24 hour Stake races promotion would be ideal. We could have a countdown to the event in this way.
any promotion related to halving is good, if one talks about it
The hype level has somewhat decreased thanks to the COVID effect although people are still hyped for this event though and am personally excited which is why I would try to support this promotion too.
Anyway, what kind of promotions are you thinking of? Something like the ongoing 24 hour Stake races promotion would be ideal. We could have a countdown to the event in this way.
Anyway, what kind of promotions are you thinking of? Something like the ongoing 24 hour Stake races promotion would be ideal. We could have a countdown to the event in this way.
Around 2000 blocks to go
Sharing a thought here and Idea for Casino managers - Bitcoin Halving promotion 2020
Since there are St Patrick's day promotion, Chinese new year's special bonuses and Independence day free spins, why not having special offer, to celebrate this event that is very relevant to our industry and means a lot to players, affiliates and Bitcoin Casinos. Bot to mention it happens once every 4 years only
Promise to support this promotions personally on my network
Good luck
What is Bitcoin Halving
As stated on the whitepaper, new Bitcoins are issued on the network every 10 minutes.
At the first four years since Bitcoin was invented (2006), there were 50 new Bitcoins issued every 10 minutes.
Once every four years, this number is cut in half and this day when it happens is called "Bitcoin Halving Day"
In 2012, these 50 new Bitcoin every 10 minutes cut in half and became 25 Bitcoins only
In 2016, these 25 dropped to 12.5 per 10 minutes and this May (Around the 12th) it will drop to 6.25 Bitcoins every 10 minutes only.
2024 - yes, 3.125
Since there are St Patrick's day promotion, Chinese new year's special bonuses and Independence day free spins, why not having special offer, to celebrate this event that is very relevant to our industry and means a lot to players, affiliates and Bitcoin Casinos. Bot to mention it happens once every 4 years only
Promise to support this promotions personally on my network
Good luck
What is Bitcoin Halving
As stated on the whitepaper, new Bitcoins are issued on the network every 10 minutes.
At the first four years since Bitcoin was invented (2006), there were 50 new Bitcoins issued every 10 minutes.
Once every four years, this number is cut in half and this day when it happens is called "Bitcoin Halving Day"
In 2012, these 50 new Bitcoin every 10 minutes cut in half and became 25 Bitcoins only
In 2016, these 25 dropped to 12.5 per 10 minutes and this May (Around the 12th) it will drop to 6.25 Bitcoins every 10 minutes only.
2024 - yes, 3.125
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