Bitcoin halving table | Bitcointalksearch.org

botany

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Quote from: redsn0w on December 13, 2014, 04:13:37 PM

Quote from: kilminukas on December 13, 2014, 04:05:40 PM

..snip..

hmm so if they price stays the same would it be profitable to mine at all?

I don't know , but maybe if you have a free electric energy (*plus an hardware machine at the correct price) it is always profitable. I think before the next block reward halving the price will rise a little up.

A lot of people are hoping that will happen.
One year isn't too long to hold your bitcoins.

jonald_fyookball

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Quote from: kilminukas on December 13, 2014, 04:05:40 PM

Quote from: jonald_fyookball on December 12, 2014, 03:05:21 PM

Quote from: kilminukas on December 12, 2014, 01:38:57 PM

Quote from: Totscha on December 12, 2014, 09:46:55 AM

Quote from: elephantas1 on December 12, 2014, 09:27:36 AM

it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?

No. It means that the reward will be reduced to 12.5 BTC per block.

But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off...

But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact.

Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1%

Would the price increase 2x then?

Not necessarily, no.

Price is based on supply and demand. We don't know what the
demand will be, all we know is the supply rate of NEW coins being
created gets cut by half.

We know it will have a general upward effect on price (compared to
keeping the subsidy reward at 25 BTC) because the rate at
which the supply is increasing is slowing down by half, but
no one can predict the price.

hmm so if they price stays the same would it be profitable to mine at all?

Its always profitable for someone, but too competitive these days for most folks unless
you're running a serious operation.

redsn0w

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#Free market

Quote from: kilminukas on December 13, 2014, 04:05:40 PM

..snip..

hmm so if they price stays the same would it be profitable to mine at all?

I don't know , but maybe if you have a free electric energy (*plus an hardware machine at the correct price) it is always profitable. I think before the next block reward halving the price will rise a little up.

kilminukas

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Quote from: jonald_fyookball on December 12, 2014, 03:05:21 PM

Quote from: kilminukas on December 12, 2014, 01:38:57 PM

Quote from: Totscha on December 12, 2014, 09:46:55 AM

Quote from: elephantas1 on December 12, 2014, 09:27:36 AM

it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?

No. It means that the reward will be reduced to 12.5 BTC per block.

But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off...

But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact.

Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1%

Would the price increase 2x then?

Not necessarily, no.

Price is based on supply and demand. We don't know what the
demand will be, all we know is the supply rate of NEW coins being
created gets cut by half.

We know it will have a general upward effect on price (compared to
keeping the subsidy reward at 25 BTC) because the rate at
which the supply is increasing is slowing down by half, but
no one can predict the price.

hmm so if they price stays the same would it be profitable to mine at all?

Amph

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the important thing to know is the next halving, in 2016

maurya78

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We are broadly on target for April/May 2016 the last time I saw someone work it out
With diffculty finally falling, curious if the math has changed

freedomno1

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Quote from: davidwpenny on December 12, 2014, 04:24:07 AM

Is there something somewhere that says when bitcoins will halve? Also, are there estimated dates for that happening? If so, where can I find it? Same with other crypto coins.

Just refer to the sticky in the economics section of the forum
https://bitcointalksearch.org/topic/chart-bitcoin-inflation-vs-time-130619

Shows you in detail, for other crypto coins you would need to determine production rate etc so it depends.
Another source is the bitcoin wiki if you want more details under controlled supply.

fryarminer

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I think too many bitcoins are currently being generated. The market is being saturated with new coins and not enough people buying the ones generated each day, hence the price staying where it is. I'm looking forward to the halving.
My guess is that by that time there will be much demand to buy, since many businesses will be accepting BTC, so it will be the opposite phenomena, we will need more Bitcoin to satiate the demand, whereas mining will half. So the price will go up.

LiteCoinGuy

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In Satoshi I Trust

Quote from: MicroGuy on December 12, 2014, 05:47:11 PM

Quote from: LiteCoinGuy on December 12, 2014, 12:35:32 PM

i would make a bet that we are not at 350 USD in mid 2016 Wink

i would bet...lets say... 1000 USD

keystroke

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It could be pulled forward yet again as more powerful ASICs come online sometime during the first half of next year.

MicroGuy

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Quote from: LiteCoinGuy on December 12, 2014, 12:35:32 PM

i would make a bet that we are not at 350 USD in mid 2016 Wink

jonald_fyookball

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Quote from: kilminukas on December 12, 2014, 01:38:57 PM

Quote from: Totscha on December 12, 2014, 09:46:55 AM

Quote from: elephantas1 on December 12, 2014, 09:27:36 AM

it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?

No. It means that the reward will be reduced to 12.5 BTC per block.

But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off...

But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact.

Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1%

Would the price increase 2x then?

Not necessarily, no.

Price is based on supply and demand. We don't know what the
demand will be, all we know is the supply rate of NEW coins being
created gets cut by half.

We know it will have a general upward effect on price (compared to
keeping the subsidy reward at 25 BTC) because the rate at
which the supply is increasing is slowing down by half, but
no one can predict the price.

kilminukas

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Quote from: Totscha on December 12, 2014, 09:46:55 AM

Quote from: elephantas1 on December 12, 2014, 09:27:36 AM

it shows that after some time block reward will be halved does that mean that difficulty will be increased by 2x?

No. It means that the reward will be reduced to 12.5 BTC per block.

But in a way you are right. Mining will instantly become 2x less profitable. And difficulty will most likely (at least temporarily) drop, because older hardware that will not be profitable will be shut off...

But there is also a chance that by then the transaction fees will have a much more significant volume, so the block halving will not have such a big impact.

Currently fees are less than 1% of what miners get. Usualy 0.5 - 0.1%

Would the price increase 2x then?

hyphymikey

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Does anyone know how much the date can change? I thought each difficulty change would put us back on track for the normal date of halving. So when we got closer wouldn't the difficulty adjust accordingly and put us closer to the exact date?

1Referee

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At some point blocks were worth +$25,000 with Bitcoin being worth $1000 with a much lower difficulty than now.

And currently it's only $8700 per block, and the difficulty still went up.

Regardless of what the block rewards are, people will continue with mining if the price is high enough.

LiteCoinGuy

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In Satoshi I Trust

Quote from: dreamspark on December 12, 2014, 08:08:24 AM

Quote from: Q7 on December 12, 2014, 07:50:10 AM

I suppose theoretically we should expect btc price to go up when the next halving took place. I mean the reward of solving a block is getting less, thus should indirectly reduces supply of new coins to the open market. I wonder....

1800 BTC a day less is very likely to cause a price increase. That coupled with the expectation of a price increase around the halving will likely make it a self fulfilling prophecy.

i would make a bet that we are not at 350 USD in mid 2016 Wink

Sindelar1938

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