My pants will be on fire when it happens, damn, i cannot wait for it, price doubling will be awesome.
No one can tell that as it can possibly go the other way around. Still, everything points out that there'll be an increase. Let's just hope so.
Topic: block halving date - page 2. (Read 4499 times)
No one can tell that as it can possibly go the other way around. Still, everything points out that there'll be an increase. Let's just hope so.
One thing i wonder is that when the halving will start, for how long the price of bitcoin will increase? and how much can it go up?
1000$ or 2000$..any ideas?
1000$ or 2000$..any ideas?
no one know, but you can expect another 100% increase or around that probably $700 as a new bottom
i can see 1k 2k as a pean but nothing more tha that, unless some crazy thing happen
One thing i wonder is that when the halving will start, for how long the price of bitcoin will increase? and how much can it go up?
1000$ or 2000$..any ideas?
1000$ or 2000$..any ideas?
http://bitcoinblockhalf.com/
the countdown its still very long time. what should we do before halving happen?
the countdown its still very long time. what should we do before halving happen?
Yes we have still four five months. We should save out bitcoins and try to buy them these days at a lower proce.
So that we can sell it later at a higher price.
http://bitcoinblockhalf.com/
the countdown its still very long time. what should we do before halving happen?
the countdown its still very long time. what should we do before halving happen?
My pants will be on fire when it happens, damn, i cannot wait for it, price doubling will be awesome.
What is Block Halving?
//I'm still a newbie at mining btc, and sorry if this question kinda oot
//I'm still a newbie at mining btc, and sorry if this question kinda oot
right now mining a block receives an economic reward of 25 bitcoins for all the effort involved. the 2016 'halving' is the reduction of the reward to 12.5 bitcoins, and it will happen in July. halving happens every four years. the last halving was in November 2012, from 50 bitcoins to the present 25 bitcoins.
This thread speculates as to what will happen to the market price of a bitcoin before and after the halving in July. Some say the price will progressively rise from now until July, and some say not. it's hard to say what will happen. in 2012 next to nothing happened to the price, but that was an entirely different bitcoin epoch.
What is Block Halving?
//I'm still a newbie at mining btc, and sorry if this question kinda oot
//I'm still a newbie at mining btc, and sorry if this question kinda oot
Google is your friend, one of the sites which predicts the halving date is:
http://bitcoinblockhalf.com/
You have to keep in mind that the Bitcoin mining algorithm is set up that roughly every 10 minutes a
block is being mined which now is rewarded with 25 bitcoins. Every 210,000 blocks the reward is being
halved, so with this info you can roughly calculate the dates of the halving events.
http://bitcoinblockhalf.com/
You have to keep in mind that the Bitcoin mining algorithm is set up that roughly every 10 minutes a
block is being mined which now is rewarded with 25 bitcoins. Every 210,000 blocks the reward is being
halved, so with this info you can roughly calculate the dates of the halving events.
It depends on the speed at which the blocks are mined. New technology -> faster time of halving. Check bitcoinclock.
i can argue they ar enot even selling 50%, since they don't need that much to cover their bills
Are you sure about this?
If you buy some hardware today, you spend money and that hardware is obsolete in less than one year.
Then there's electricity.
I'm not so sure they are earning so much.
yeah i'm sure they are earning like 4 times what they are consuming, so at best 25% goes in the bill, and that only with the recent diff increase, 1 month ago was six times, and before that was even higher 8 times or more
Most mining farms are located in China. China are known to have good climate, low labor cost and low electrical cost. With these factors, their profitability is already quite high. Since big ASIC makers like Bitmain being based in China, they can potentially factor out the high shipping cost with discounts given at high ASIC buying volumes. Most farms have hardware that have already ROIed so they're making pure profits now.
Have you ever looked into mining yourself?
i can argue they ar enot even selling 50%, since they don't need that much to cover their bills
Are you sure about this?
If you buy some hardware today, you spend money and that hardware is obsolete in less than one year.
Then there's electricity.
I'm not so sure they are earning so much.
Mining farms are mostly cashing out a very small portion of their mined coins. And most of the money from cashed out coins will be used to buy even better hardware. They constantly keep increasing their hardware to not fall behind since the competition between the Chinese mining farms is very high level. At this point the majority of their coins gets saved offline for when the price climbs up. They don't dump a lot at once as they can easily push back the price to sub $100 levels without much effort.
I repeat: are you sure about this?
If you go to a calculator you can see that after buying new hardware and with electricity cost the reward ENDS after few months.
This means you have to buy new hardware.
I am sure they are making some money, but I'm not so sure they are making millions.
If it's so, then why I can't make the same by buying hardware? Calculators say income will end after 3-6 months, depending on difficulty increase.
You can view the live countdown of bitcoin halving by visiting cryptocoinsnews.com
There is a widget placed which will look like this:
If you want more detailed based and a more stylish clocks, then I recommend these:
1. Stylish version
2. Detailed version
There is a widget placed which will look like this:
If you want more detailed based and a more stylish clocks, then I recommend these:
1. Stylish version
2. Detailed version
i can argue they ar enot even selling 50%, since they don't need that much to cover their bills
Are you sure about this?
If you buy some hardware today, you spend money and that hardware is obsolete in less than one year.
Then there's electricity.
I'm not so sure they are earning so much.
Mining farms are mostly cashing out a very small portion of their mined coins. And most of the money from cashed out coins will be used to buy even better hardware. They constantly keep increasing their hardware to not fall behind since the competition between the Chinese mining farms is very high level. At this point the majority of their coins gets saved offline for when the price climbs up. They don't dump a lot at once as they can easily push back the price to sub $100 levels without much effort.
I repeat: are you sure about this?
If you go to a calculator you can see that after buying new hardware and with electricity cost the reward ENDS after few months.
This means you have to buy new hardware.
I am sure they are making some money, but I'm not so sure they are making millions.
If it's so, then why I can't make the same by buying hardware? Calculators say income will end after 3-6 months, depending on difficulty increase.
i can argue they ar enot even selling 50%, since they don't need that much to cover their bills
Are you sure about this?
If you buy some hardware today, you spend money and that hardware is obsolete in less than one year.
Then there's electricity.
I'm not so sure they are earning so much.
Mining farms are mostly cashing out a very small portion of their mined coins. And most of the money from cashed out coins will be used to buy even better hardware. They constantly keep increasing their hardware to not fall behind since the competition between the Chinese mining farms is very high level. At this point the majority of their coins gets saved offline for when the price climbs up. They don't dump a lot at once as they can easily push back the price to sub $100 levels without much effort.
i can argue they ar enot even selling 50%, since they don't need that much to cover their bills
Are you sure about this?
If you buy some hardware today, you spend money and that hardware is obsolete in less than one year.
Then there's electricity.
I'm not so sure they are earning so much.
what was the date of the previous halving?
That will be amazing to see how price will get bigger 
much bigger with this one event.... and in next 4 years another halving 
GoGo Bitcoin!!
much bigger with this one event.... and in next 4 years another halving GoGo Bitcoin!!
This year' halving effect will be much bigger than next one as the existing bitcoin number will be much bigger proportionally.
Yeah but with like 70% of bitcoin mined already i dont think it matters much. As in every halving will likely create a massive great bubble until we have found out the true value of the bitcoin network. Interesting times ahead though for sure.
For this and next halving, there is some kind of halving effect. But for the one in 2024, the effect will be every small.
you mean 2028, because the reward will be around 1, also in line with the prediction of satoshi
but bears in mind that the mined coins, do not actually have all that pressure on the market, miners are not selling 100% of their coins, i can argue they are not even selling 50%, since they don't need that much to cover their bills
The first impact of the halving made bitcoin jump from the 250 to 400 dollars,i dont know if with becoming close the time to happen speculation will affect bitcoin value again and to bigger ammounts then 500 dollars.
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