Mining after Halving 2016 | Bitcointalksearch.org

RaginglikeaBoss

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Never before 11 P.M.

Quote from: lottery248 on June 10, 2016, 05:02:21 AM

Quote from: Dinki on June 09, 2016, 09:50:48 AM

I'm afraid that halving will make miners increase the bitcoin transaction fees, which might not be nice.

i had been talking about increasing the maximum limit of bitcoin supply limit, however due to its value, it is not possible to address this kind of problem. miner fee increase is the only method to encourage miners, and bitcoin core is doubling the limit around 2017.

You're using the word "limit" when what you intend to be saying is "block size limit."

lottery248

legendary

Activity: 1568

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beware of your keys.

Quote from: Dinki on June 09, 2016, 09:50:48 AM

I'm afraid that halving will make miners increase the bitcoin transaction fees, which might not be nice.

i had been talking about increasing the maximum limit of bitcoin supply limit, however due to its value, it is not possible to address this kind of problem. miner fee increase is the only method to encourage miners, and bitcoin core is doubling the limit around 2017.

Mandoy

sr. member

Activity: 644

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Aurox

Quote from: Dinki on June 09, 2016, 09:50:48 AM

I'm afraid that halving will make miners increase the bitcoin transaction fees, which might not be nice.

I hope what you said is not true otherwise we will lose a lot of bitcoins in the process. Hope it will not happen...But if it happens hope there will be measures to solved it immesdiately,

ATguy

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Activity: 423

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Quote from: drazah on June 08, 2016, 10:13:00 PM

I feel that mines that are just making profit right now or mines using older equipment will fall because it will be the efficiency era. Or free electric, like I get and ill be looking for older tech cheap and run it. But in hoping for the other, all the coin i mine from this point on will stay that way.

I hope the used older miners like S2 or S4 halves in price after the halving. For the ones with free electricity these are still good option to mine some BTC. The new miners are just overpriced in my opinion.

WaffleMaster

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I honestly think mining will remain unchanged. Just because the new machines that are so efficient and the price seems really stable at the current range it rallied to. I mean who knows though, on that day I think we're all expecting something big and crazy to happen.

Dinki

full member

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Incent

I'm afraid that halving will make miners increase the bitcoin transaction fees, which might not be nice.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: Searing on June 09, 2016, 02:12:48 AM

Quote from: Mandoy on June 09, 2016, 01:57:44 AM

Quote from: Searing on June 08, 2016, 10:21:17 PM

Well I mine LTC so my difficulty is static. If ltc follows btc as it has at say 0.008 ltc to btc I may
be fine

Or if I'm wrong enlighten me

Well as now, there are no big issues pertaining litecoin and also there are no problem producing high volumes of litecoin like btc does. So i think you will be ok.

How I got in this situation I posted on another thread. (ie dumb luck) for anyone interested...Just buy BTC or LTC less stress

https://bitcointalksearch.org/topic/m.15135460

But like all things crypto...it is like walking on Alligators across a stream..one slip and blamo you are lunch Sad

Thats normal in business, there will be moment that you will earn small or big and there will be moment that you will lose small or lost all.

Searing

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Merit: 1464

Clueless!

Quote from: Mandoy on June 09, 2016, 01:57:44 AM

Quote from: Searing on June 08, 2016, 10:21:17 PM

Well I mine LTC so my difficulty is static. If ltc follows btc as it has at say 0.008 ltc to btc I may
be fine

Or if I'm wrong enlighten me

Well as now, there are no big issues pertaining litecoin and also there are no problem producing high volumes of litecoin like btc does. So i think you will be ok.

How I got in this situation I posted on another thread. (ie dumb luck) for anyone interested...Just buy BTC or LTC less stress

https://bitcointalksearch.org/topic/m.15135460

But like all things crypto...it is like walking on Alligators across a stream..one slip and blamo you are lunch Sad

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: Searing on June 08, 2016, 10:21:17 PM

Well I mine LTC so my difficulty is static. If ltc follows btc as it has at say 0.008 ltc to btc I may
be fine

Or if I'm wrong enlighten me

Well as now, there are no big issues pertaining litecoin and also there are no problem producing high volumes of litecoin like btc does. So i think you will be ok.

Slippin_Jimmy

newbie

Activity: 42

Merit: 0

Quote from: cloudnthings on June 08, 2016, 09:16:15 PM

Quote from: Slippin_Jimmy on June 08, 2016, 07:11:52 PM

I'm looking at it mathematically. In theory the halving will make Bitcoin's price 2x what it is, simply being it becomes twice as scarce. Well this is not actually what is going to happen. Let's look at some key factors:

1) New s9 is shipping out june 12th. This promises mining with AT LEAST 2.5x less power. (.1j/gh as opposed to the s7 .25j/gh)

2) Mining being 2.5 more efficient with new machines means that while the old machines stop, there will be huge influx of petahash from the new extremely more efficient miners, while s7 will probably still be profitable, if only a little.

3) More efficient means that miners will sell their coins for 2.5x less than they normally would because it costs them that proportionate amount less to mine them.

So, all things considered, I think it will be almost entirely similar on a mathematical scale. What changes is people's mind with Bitcoin supposedly being half as abundant, which I think is why we're already seeing a rally to try and speculate what price level it will be at.

In short, Bitcoin supply is going down by 1/2 but the mining machines are 2.5x more energy efficient. So in straight math form, Bitcoin should actually drop in price from the halving by 25%.

Good starting point. Next, you take into account the human factor. Emotion + FUD + media + rumors = Who knows.

Thank you haha. Yes, it is very unpredictable in that way. As far as I can tell, the halving only creates a bull market for Bitcoin as the perceived value and rarity doubles. Notice how I said "perceived" haha.

Searing

copper member

Activity: 2898

Merit: 1464

Clueless!

Well I mine LTC so my difficulty is static. If ltc follows btc as it has at say 0.008 ltc to btc I may
be fine

Or if I'm wrong enlighten me

drazah

newbie

Activity: 54

Merit: 0

Quote from: philipma1957 on June 08, 2016, 09:35:41 AM

I think price will not rise much more and difficulty will drop quite a bit. So we are pretty much on the opposite side of the fence. But I am holding coins and hoping I am wrong and you are correct.

I agree with this. I feel that mines that are just making profit right now or mines using older equipment will fall because it will be the efficiency era. Or free electric, like I get and ill be looking for older tech cheap and run it. But in hoping for the other, all the coin i mine from this point on will stay that way.

cloudnthings

member

Activity: 77

Merit: 10

Quote from: Slippin_Jimmy on June 08, 2016, 07:11:52 PM

I'm looking at it mathematically. In theory the halving will make Bitcoin's price 2x what it is, simply being it becomes twice as scarce. Well this is not actually what is going to happen. Let's look at some key factors:

1) New s9 is shipping out june 12th. This promises mining with AT LEAST 2.5x less power. (.1j/gh as opposed to the s7 .25j/gh)

2) Mining being 2.5 more efficient with new machines means that while the old machines stop, there will be huge influx of petahash from the new extremely more efficient miners, while s7 will probably still be profitable, if only a little.

3) More efficient means that miners will sell their coins for 2.5x less than they normally would because it costs them that proportionate amount less to mine them.

So, all things considered, I think it will be almost entirely similar on a mathematical scale. What changes is people's mind with Bitcoin supposedly being half as abundant, which I think is why we're already seeing a rally to try and speculate what price level it will be at.

In short, Bitcoin supply is going down by 1/2 but the mining machines are 2.5x more energy efficient. So in straight math form, Bitcoin should actually drop in price from the halving by 25%.

Good starting point. Next, you take into account the human factor. Emotion + FUD + media + rumors = Who knows.

lottery248

legendary

Activity: 1568

Merit: 1005

beware of your keys.

if in case, unless bitcoin price is doubled after halving, the price of miners will be down for at least 1/4.
bitcoin price is now going up though, however, the mining competition is more fierce even with halving.

Slippin_Jimmy

newbie

Activity: 42

Merit: 0

I'm looking at it mathematically. In theory the halving will make Bitcoin's price 2x what it is, simply being it becomes twice as scarce. Well this is not actually what is going to happen. Let's look at some key factors:

1) New s9 is shipping out june 12th. This promises mining with AT LEAST 2.5x less power. (.1j/gh as opposed to the s7 .25j/gh)

2) Mining being 2.5 more efficient with new machines means that while the old machines stop, there will be huge influx of petahash from the new extremely more efficient miners, while s7 will probably still be profitable, if only a little.

3) More efficient means that miners will sell their coins for 2.5x less than they normally would because it costs them that proportionate amount less to mine them.

So, all things considered, I think it will be almost entirely similar on a mathematical scale. What changes is people's mind with Bitcoin supposedly being half as abundant, which I think is why we're already seeing a rally to try and speculate what price level it will be at.

In short, Bitcoin supply is going down by 1/2 but the mining machines are 2.5x more energy efficient. So in straight math form, Bitcoin should actually drop in price from the halving by 25%.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Raimonn on June 08, 2016, 12:40:37 PM

I think that difficulty will go down, with only 12.50 btc of reward mining will not be profitable for users with high electricity cost. But difficulty could increase in case that price of bitcoin have a big increase, and users buy new miners (more efficient).

The only thing is that having is not a secret so investors know now about having. So I'm not sure the day of or right after there will be this huge jump. I think we are seeing some gain's already of investors already buying coins. So they won't wait till having I don't think.

Having will be interesting but I think price will not go crazy right away. I hope I'm wrong though and value shoots up like crazy.

cloudnthings

member

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Merit: 10

We'll find out in 32 days

http://www.bitcoinblockhalf.com

dewildance

full member

Activity: 546

Merit: 100

probably we our opinion or seems price will be rise

but if going ı, they nonworker if will start the work diffucult eruptivelyp in this way , will something different because there is a lot of old mining hardware

Raimonn

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Activity: 1456

Merit: 1001

I think that difficulty will go down, with only 12.50 btc of reward mining will not be profitable for users with high electricity cost. But difficulty could increase in case that price of bitcoin have a big increase, and users buy new miners (more efficient).

philipma1957

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'The right to privacy matters'

I think price will not rise much more and difficulty will drop quite a bit. So we are pretty much on the opposite side of the fence. But I am holding coins and hoping I am wrong and you are correct.

Topic: Mining after Halving 2016 (Read 2215 times)