Topic: block halving date - page 5. (Read 4499 times)
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.
Not so sure given how much everybody expects bitcoin to pump that it actually will..
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.
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 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.
I guess we will see a rise in the price a little back before the halving... If you take the Litecoin halving has an example, we can predict that the price will rise before the halving and probably go down a bit after. Now, to what price will we see it rise, I can't say...
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 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.
The block intervals is on average, 10minutes if the hashrate does not increase. 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 estimator probably uses 10 minutes and multiply it by the blocks left. It would adjust itself automatically if the blocks become faster or slower suddenly I believe. I did not know there were still so many months to go. I understood it is a thing that you cannot tell precisely, so I did not care very much.
Thanks to all you guys for instructing us.
I expect the effects to happen 3-4 months away from the halving.
I think the effect is already happening now, look at the price of Bitcoin, it got increased pretty significantly Thanks to all you guys for instructing us.
I expect the effects to happen 3-4 months away from the halving.
I can't imagine the price when the halving happens
I hope we can at least touch $800
I did not know there were still so many months to go. I understood it is a thing that you cannot tell precisely, so I did not care very much.
Thanks to all you guys for instructing us.
I expect the effects to happen 3-4 months away from the halving.
Thanks to all you guys for instructing us.
I expect the effects to happen 3-4 months away from the halving.
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.
Can anyone gibe me a date for the block halving please? Also is it 100% guaranteed to happen at this time?
check out this post maybe helpful:
Bitcoin Futures Guide - The Bitcoin Halvening: What Is It and What Will Its Effect on Price Be?
http://www.bitcoinfuturesguide.com/bitcoin-blog/the-bitcoin-halvening-what-is-it-and-what-will-its-effects-on-price-be
It will happen at block 420000. Bitcoin tries to maintain it's block frequency at an average of 10 minutes in the long term but due to increase in hashrate during the midst of the difficulty term, it is impossible for it to be at 10 minutes. However, we can more or less tell where it is. It will happen at approximately 2016-07-22 UTC. Of course, if the blocks gets delayed at 419999 due to varience, it would be pushed back slightly.
with the block reward halfing pretty soon ( in like 8 months), i wonder when we are going to start seeing changes in price influenced by the halfingIt's something we simply can't predict. It can happen tomorrow, or we can start seeing the block halving bull run starts 1 or 2 months before the actual halving day. I am fairly sure we are already slowly going up due to the comming block halving. It's only waiting for the extreme bull run that can happen at any time.
It will happen at block 420000. Bitcoin tries to maintain it's block frequency at an average of 10 minutes in the long term but due to increase in hashrate during the midst of the difficulty term, it is impossible for it to be at 10 minutes. However, we can more or less tell where it is. It will happen at approximately 2016-07-22 UTC. Of course, if the blocks gets delayed at 419999 due to varience, it would be pushed back slightly.
with the block reward halfing pretty soon ( in like 8 months), i wonder when we are going to start seeing changes in price influenced by the halfing bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!!
if so, you think who price will rise after this date?
and if a lot off miners switch off his networks because they can't earn enough???
what will happen?
i think it will rise early, before the halving will be in play
don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
And how are you so sure of that?
I know that most miners are big players, still, having 50% of the reward is a big drop.
because it is already happening
, someone is artificially fixing the market in preparation of the halving, and possible swings that may occureven litecoin halving did produced an increase, which one quite good(x10 almost), i'm expecting a similiar scenario minus the x10, but more along the line of a return to 1k or around it
Hasn't the Litecoin halving coincided with the scammer that ran a ponzi scheme in China? I always thought that was the reason that we have seen that crazy price increase this summer in Litecoin, the same price increase that has followed with the exactly the same dump.
bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!!
if so, you think who price will rise after this date?
and if a lot off miners switch off his networks because they can't earn enough???
what will happen?
i think it will rise early, before the halving will be in play
don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
And how are you so sure of that?
I know that most miners are big players, still, having 50% of the reward is a big drop.
because it is already happening
, someone is artificially fixing the market in preparation of the halving, and possible swings that may occureven litecoin halving did produced an increase, which one quite good(x10 almost), i'm expecting a similiar scenario minus the x10, but more along the line of a return to 1k or around it
I'm not so sure of that...
Last halving the price was stable for a while, I mean a few months, before anyting changed.
I don't know if they saved their last 50BTC rewards before selling or what, but truth be told that this is very uncertain on what will happen to the market.
bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!!
if so, you think who price will rise after this date?
and if a lot off miners switch off his networks because they can't earn enough???
what will happen?
i think it will rise early, before the halving will be in play
don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
And how are you so sure of that?
I know that most miners are big players, still, having 50% of the reward is a big drop.
because it is already happening
, someone is artificially fixing the market in preparation of the halving, and possible swings that may occureven litecoin halving did produced an increase, which one quite good(x10 almost), i'm expecting a similiar scenario minus the x10, but more along the line of a return to 1k or around it
bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!!
if so, you think who price will rise after this date?
and if a lot off miners switch off his networks because they can't earn enough???
what will happen?
i think it will rise early, before the halving will be in play
don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
And how are you so sure of that?
I know that most miners are big players, still, having 50% of the reward is a big drop.
bears in mind that this is an estimation, it will kick-in early than the countdown, not too much early though
hi hamp!!!
if so, you think who price will rise after this date?
and if a lot off miners switch off his networks because they can't earn enough???
what will happen?
i think it will rise early, before the halving will be in play
don't worry about miners, they can take profit, even if the halving was going to enter tomorrow and the price was the same as it is right now
Steady rise from here and it some point we'll go into another insane bubble. What i think might happen is we just go up over next few months and sit at around $800.
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