Is the halving date actually known? | Bitcointalksearch.org

mezzomix

legendary

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Quote from: bob123 on June 07, 2016, 06:42:28 AM

Does anyone know wheter reward is going to be halved on block 420.000 or first halved reward at block 420.001 ?

420000

Code:

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;
}

jackg

copper member

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https://bit.ly/387FXHi lightning theory

Quote from: bob123 on June 07, 2016, 06:42:28 AM

Does anyone know wheter reward is going to be halved on block 420.000 or first halved reward at block 420.001 ?

WHy would you want to know this?
Threr are block sent every 10 minutes so this will not cause a great problem as to which it is.

Quote from: cr1776 on June 04, 2016, 09:40:19 AM

Quote from: Daimaru on June 04, 2016, 09:37:36 AM

i think it's true the date is
Reward-Drop ETA date: 11 Jul 2016 00:37:07

The only thing known is the block number. Everything else is an estimate which should be pretty accurate.

That is a VERY exact estimate that they came up with!

cr1776

legendary

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Quote from: bob123 on June 07, 2016, 06:42:28 AM

Like already mentioned halving happens every 210.000 Blocks (which is roughly 2 years considered that 1 block is mined every 10 mins in average).

Does anyone know wheter reward is going to be halved on block 420.000 or first halved reward at block 420.001 ?

It is actually roughly every 4 years, although this period has been about 3.5 years. :-)

This has the schedule, showing which block it is:
https://en.bitcoin.it/wiki/Controlled_supply

bob123

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Like already mentioned halving happens every 210.000 Blocks (which is roughly 2 years considered that 1 block is mined every 10 mins in average).

Does anyone know wheter reward is going to be halved on block 420.000 or first halved reward at block 420.001 ?

cr1776

legendary

Activity: 4298

Merit: 1317

Quote from: Daimaru on June 04, 2016, 09:37:36 AM

i think it's true the date is
Reward-Drop ETA date: 11 Jul 2016 00:37:07

The only thing known is the block number. Everything else is an estimate which should be pretty accurate.

Daimaru

newbie

Activity: 58

Merit: 0

i think it's true the date is
Reward-Drop ETA date: 11 Jul 2016 00:37:07

StoreBit

full member

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people are expecting dfferent dates but I think no it s fixed date not known. no one know the actual date of havlving.

bones261

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Quote from: jackg on June 03, 2016, 05:21:41 PM

Quote from: Holliday on June 03, 2016, 04:12:59 PM

Quote from: jackg on June 03, 2016, 04:04:48 PM

Since there are sites like this.

I thought that the blick halving was unknown but twow sites appear to show the same date and time for the halving which was supposed to be an estimation.

Are these the correct times or just an estimation.

Also, I put this here but am unsure whether it should be in general bitcoin discussion or mining speculation (please advise).

The rate at which blocks are found varies according to how much hashing power is thrown at the network. More hashing power means faster blocks while less hashing power means slower blocks. Every 2016 blocks the network adjusts the difficulty in an attempt to achieve 10 minute blocks on average.

Those times are estimations, but as we get closer to the actual halving block, those estimations should get better.

I would probably move the thread to Beginners and Help, but it certainly doesn't belong in Dev and Tech Discussion.

Mining difficulty has slightly decreased, based on my informal figures from Hashnest.com.
This means that the halving could be later? But it should be around that date anyway.

The mining difficulty went up 2.60% last time according bitcoinwisdom. However, it appears the hash has gone down since then. This is counterintuitive since the worth of BTC has increased significantly, lately. I am pretty certain that the big Chinese mining farms are manipulating both the difficulty and the price of Bitcoin, as usual.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: Holliday on June 03, 2016, 04:12:59 PM

Quote from: jackg on June 03, 2016, 04:04:48 PM

Since there are sites like this.

I thought that the blick halving was unknown but twow sites appear to show the same date and time for the halving which was supposed to be an estimation.

Are these the correct times or just an estimation.

Also, I put this here but am unsure whether it should be in general bitcoin discussion or mining speculation (please advise).

The rate at which blocks are found varies according to how much hashing power is thrown at the network. More hashing power means faster blocks while less hashing power means slower blocks. Every 2016 blocks the network adjusts the difficulty in an attempt to achieve 10 minute blocks on average.

Those times are estimations, but as we get closer to the actual halving block, those estimations should get better.

I would probably move the thread to Beginners and Help, but it certainly doesn't belong in Dev and Tech Discussion.

Mining difficulty has slightly decreased, based on my informal figures from Hashnest.com.
This means that the halving could be later? But it should be around that date anyway.

Holliday

legendary

Activity: 1120

Merit: 1012

Quote from: jackg on June 03, 2016, 04:04:48 PM

Since there are sites like this.

I thought that the blick halving was unknown but twow sites appear to show the same date and time for the halving which was supposed to be an estimation.

Are these the correct times or just an estimation.

Also, I put this here but am unsure whether it should be in general bitcoin discussion or mining speculation (please advise).

The rate at which blocks are found varies according to how much hashing power is thrown at the network. More hashing power means faster blocks while less hashing power means slower blocks. Every 2016 blocks the network adjusts the difficulty in an attempt to achieve 10 minute blocks on average.

Those times are estimations, but as we get closer to the actual halving block, those estimations should get better.

I would probably move the thread to Beginners and Help, but it certainly doesn't belong in Dev and Tech Discussion.

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Those are either based on finding a block every 10 minutes (no network growth) or they are using the current difficulty trend somehow to predict the date. The actual halving will occur when 210,000 blocks have passed since the previous halving (420,000 blocks total). There is still a few weeks for machines to come online and shorten that time, so it will be around there, but probably not exact as those sites are saying. We will get a better and better picture of when it will be as we approach the halving.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Since there are sites like this.

I thought that the blick halving was unknown but twow sites appear to show the same date and time for the halving which was supposed to be an estimation.

Are these the correct times or just an estimation.

Also, I put this here but am unsure whether it should be in general bitcoin discussion or mining speculation (please advise).

Topic: Is the halving date actually known? (Read 1399 times)