block halving date - page 4. | Bitcointalksearch.org

GODLIKE

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LOL what you looking at?

Quote from: Mugtaiya on December 08, 2015, 04:15:37 AM

The halving day will be earlier than expected, as the hashing power keeps on increasing. The latest increase was 8.7%, the next one is estimated to be 8.3%.

Another one that can't understand how it works.

Let's try to be more clear:

1) hashing power increases

2) THEN COMPUTATIONAL POWER REQUIRED TO MINE INCREASES AS WELL

If they cut mining times now by 50%, they find themselves with mining time INCREASED at next DIFFICULTY ADJUSTMENT (this should hint you something) so much that they will not earn more.

Essentially, hashing power increase is just to overthrow competition.

Mugtaiya

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The halving day will be earlier than expected, as the hashing power keeps on increasing. The latest increase was 8.7%, the next one is estimated to be 8.3%.

Amph

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Quote from: GODLIKE on December 08, 2015, 04:00:59 AM

Quote from: Amph on December 08, 2015, 03:30:19 AM

Quote from: hunnaryb on December 08, 2015, 03:21:43 AM

Quote from: Supercrypt on December 08, 2015, 01:36:27 AM

Quote from: Amph on December 06, 2015, 10:40:59 AM

Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

the pump that happnened prior to the halving(the x10 one) was because of the hype around the halving, it did not occur the same date of the halving, because it is not how it work with the halving, is not a dating or something, it can happen around the halving that's it

However, the pump of an altcoin like Litecoin could have happened... by mandate.
Why in hell would so many people buy Litecoin just because the block halving is coming?
Doesn't make sense.
Somebody started the downhill roll, and sheeps followed.

because everyone think that it will increase, so they begin to buy en mass, then you get the increase demand, that bring even more demand

yes we can say the usual "it was at first done by manipulators then fish come in to be sucked into it", but sometime i believe that a simply small demand can evolve into a bigger one

GODLIKE

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LOL what you looking at?

Quote from: Amph on December 08, 2015, 03:30:19 AM

Quote from: hunnaryb on December 08, 2015, 03:21:43 AM

Quote from: Supercrypt on December 08, 2015, 01:36:27 AM

Quote from: Amph on December 06, 2015, 10:40:59 AM

Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

the pump that happnened prior to the halving(the x10 one) was because of the hype around the halving, it did not occur the same date of the halving, because it is not how it work with the halving, is not a dating or something, it can happen around the halving that's it

However, the pump of an altcoin like Litecoin could have happened... by mandate.
Why in hell would so many people buy Litecoin just because the block halving is coming?
Doesn't make sense.
Somebody started the downhill roll, and sheeps followed.

helloeverybody

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I'm sure when I checked last, the latest block halfing took a few months before any price increase. I'm got a feeling there 's going to be alot of disappointment this halfing.

Amph

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Quote from: hunnaryb on December 08, 2015, 03:21:43 AM

Quote from: Supercrypt on December 08, 2015, 01:36:27 AM

Quote from: Amph on December 06, 2015, 10:40:59 AM

Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

the pump that happnened prior to the halving(the x10 one) was because of the hype around the halving, it did not occur the same date of the halving, because it is not how it work with the halving, is not a dating or something, it can happen around the halving that's it

hunnaryb

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Activity: 506

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Quote from: Supercrypt on December 08, 2015, 01:36:27 AM

Quote from: Amph on December 06, 2015, 10:40:59 AM

Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

Wishful thinking !

When litecoin halved nothing actually happened. The pump happened as a result of a chinese ponzi scheme.

Supercrypt

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Activity: 1554

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Quote from: Amph on December 06, 2015, 10:40:59 AM

Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

On the block number 420000, the halving will occur from current 25BTC to 12.5BTC generation.
Litecoin almost got 6 fold surge at the time of it's halving. I too believe bitcoin prices also will go to unimaginable levels on this halving.

GODLIKE

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Activity: 546

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LOL what you looking at?

Quote from: ranochigo on December 04, 2015, 03:57:27 AM

Quote from: GODLIKE on December 03, 2015, 03:29:46 PM

Quote from: DarkHyudrA on December 03, 2015, 10:06:00 AM

Quote from: ranochigo on December 03, 2015, 09:03:25 AM

Quote from: amacar2 on December 03, 2015, 08:24:00 AM

If bitcoin halving doesn't happen on exact date than how bitcoin clock calculate the exact date 2016-07-22? Quite confusing to understand this one. It is supposed to happen on july next year as i know from long time ago.

However, the hashrate would probably increase for every difficulty period right now and the blocks will be slightly faster. Overtime, the estimated time will decrease due to the shorter block intervals during each difficulty periods.

The truth is, the average is 10 minutes, but its common to have block solved in like 1 minute.
And it's a matter of "luck", not because the total hashrate increased.

If you have blocks solved in 1 minute, that can last only for at max 2 weeks, because then difficulty calibration kicks in.

If blocks are 1 minute apart, the difficulty adjustment will be in 1.4days. The difficulty adjustments is based on number of blocks, not time.

Cool, but that's just a detail: the important thing here is to understand that the mining of BTC is set to happen in a certain way, inflation is regulated, and there's the difficulty adjustment that takes care of increasing computational power, so the inflation curve can only be tricked for around 2 weeks... oops, for around X number of blocks, then it will be leveled again.

unsoindovo

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Quote from: Amph on December 06, 2015, 10:40:59 AM

Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

i remenber this pump before halving day
i hope will be the same with bitcoin!!!!

Amph

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Activity: 3248

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Quote from: smartguyinthailand on December 06, 2015, 10:37:22 AM

if everyone expects a price surge its guaranteed to plummet right? lol

no, everyone was expecting it for litecoin and it happened, with bitcoin it's even more sure that it will happen

the real question is when?

smartguyinthailand

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if everyone expects a price surge its guaranteed to plummet right? lol

cryptoclone.com

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You can see it on bitcoinclock.com
Free tip from Crypto Clone: The halving will be a golden opportunity for arbitrage traders USD/BTC and even altcoin markets, keep a close eye on price changes and be ready!

ranochigo

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Quote from: USB-S on December 04, 2015, 06:04:48 AM

Quote from: Blue_Tiger73 on December 04, 2015, 05:59:37 AM

Quote from: psy0 on December 04, 2015, 04:02:33 AM

http://www.bitcoinblockhalf.com

This website is only someone's prediction, it is just going off assumptions like 3, 600 bitcoins are mined everyday and a block is made every 10 minutes. So this website isn't very trustworthy, just like every other website like it.

But it gives a rough estimate. You can't really predict this stuff because the block generation time is based on estimates, but it's more often than not 10 minutes.

Average time between blocks is roughly 9.1minutes right now based on: https://bitcoinwisdom.com/bitcoin/difficulty. The site needs to factor in the possible difficulty increase or decrease. Currently, it looks like it's going to increase slightly more.

USB-S

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In XEM we trust

Quote from: Blue_Tiger73 on December 04, 2015, 05:59:37 AM

Quote from: psy0 on December 04, 2015, 04:02:33 AM

http://www.bitcoinblockhalf.com

This website is only someone's prediction, it is just going off assumptions like 3, 600 bitcoins are mined everyday and a block is made every 10 minutes. So this website isn't very trustworthy, just like every other website like it.

But it gives a rough estimate. You can't really predict this stuff because the block generation time is based on estimates, but it's more often than not 10 minutes.

Blue_Tiger73

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Quote from: psy0 on December 04, 2015, 04:02:33 AM

http://www.bitcoinblockhalf.com

This website is only someone's prediction, it is just going off assumptions like 3, 600 bitcoins are mined everyday and a block is made every 10 minutes. So this website isn't very trustworthy, just like every other website like it.

kingaltcoins

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According to Bitcoin Protocol, it's halving will occur exactly after the 420000^th block gets solved! Since each block gets solved nearly after every 10 minutes (approx.), the ETA for reward halving is 22-07-2016.

You can check these links to know more about the bitcoin clock and the countdown for the next reward halving.

1. http://bitcoinclock.com/

2. http://bitcoinblockhalf.com/

Blue_Tiger73

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There is really no way to predict when the halving is going to happen. There needs to be another around 830,000 more bitcoins mined before the halving happens. So most people's prediction is around another 230 more days before halving happens. When it does happen, miners will only be paid 12.5 bitcoin if they find the block.

dserrano5

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Quote from: CoinBateman on December 03, 2015, 10:21:35 PM

Not so sure given how much everybody expects bitcoin to pump that it actually will..

This. Markets don't usually do what people expects from them. They tend to do the opposite, actually.

Quote from: Soros Shorts on December 04, 2015, 04:09:11 AM

Even with the skew caused by a rising hashrate I doubt we will ever reach it in 2 months.

By averaging the last 20 diff changes, today I'm getting an estimated halving date of 2016-07-17, 5 days earlier than bitcoinclock.

Soros Shorts

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Quote from: Decoded on December 03, 2015, 09:52:45 PM

The halving will occur on the 420000th block. It is not certain what day, as some blocks are mined a minute apart, some block are mined over an hour apart. If I remember correctly, we are about 2-5 months from the halving.

Apply some basic math. We are at block 386,654 so we are 33,346 blocks away from halving. That is more like 7.7 months away, not 2-5. Even with the skew caused by a rising hashrate I doubt we will ever reach it in 2 months.

Topic: block halving date - page 4. (Read 4499 times)