Don't know about fees but the price of BTC should rise soon after the reduction,by how much ? Who knows 
Maybe to $10
Maybe to $10
Care to explain your reasoning?
Topic: Less reward per block next year? - page 2. (Read 1847 times)
Care to explain your reasoning?
In the future miners will probably only include transactions that have at least a minimum % fee, and if you want your transaction to be processed in a reasonable amount of time you will have to pay it.
It is uncertain at this time what effect the reward drop will have on bitcoins value.
But my guess is the value will drop before hand due to this uncertainty and then rise again after.
It is uncertain at this time what effect the reward drop will have on bitcoins value.
But my guess is the value will drop before hand due to this uncertainty and then rise again after.
they are cutting rewards in half?
They?
It is an algorithm.
But for the when, .. sometime around December 9th, plus or minus a week.
- https://bitcointalksearch.org/topic/date-for-25-btc-per-block-67185
Don't know about fees but the price of BTC should rise soon after the reduction,by how much ? Who knows
Maybe to $10
Maybe to $10
But aren't transaction fees optional?
No, block reward will half about every four years. Eventually there will be no reward and miners will be financed entirely by transaction fees.
But difficulty will adjust and this is also important for calculating mining profits.
But difficulty will adjust and this is also important for calculating mining profits.
Really? I just got into all this mining/bitcoin business and they are cutting rewards in half? This sucks, is there any possible way that they go up again? I'm not entirely familiar with the system and how it works..
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