Topic: Problems after halving if blocksize is not coming to a solution? (Read 1156 times)

That is a small sample of 6 blocks (out of ~144 that are found every day), and this small of a sample is not statically significant.

Ignoring the above, I would point out that, on average blocks are found once every 10 minutes, however in your sample, there were 6 blocks found in 37 minutes, which means those blocks were found at a rate that is almost double what is expected over the long term. When blocks are found more frequently, then there will be less transactions to be included in each block if you assume there is no present backlog. There will however be some periods when an entire hour (or longer) goes by when no blocks are found, and during that time transactions will continue to be broadcast that will need to be confirmed once the next block is found. You also fail to take into consideration that the number of transactions is not even throughout the day, as there will be spikes of transactions as people tend to spend money at specific times, for example 3PM eastern time (US) is probably a time when a lot of people are sending transactions because it is a period when many people throughout the US are potentially on their lunch break, and people in Europe are potentially just getting home from work, both would be when people will be more likely to be spending money for one reason or another.

if you have a doubt in that,  you make cash by your bitcoins... if you wish to earn in halving just hopld on some coins.. you can follow this if blocksize is not coming to a solution during halving...

I don't understand why bitcoin will not die if the block size has no resolve?
I think if there's no block size, game is over, right?
or am I wrong? CMIIW

who cares about chinesse miners who already earned MANY millions? anyway, everybody wants cash. nobody cares anybody.

make cash now and don't care what it will be in August

The halving will reduce the production of bitcoins by only about 1.5% of the BTC trading volume on exchanges -- hardly a significant change.

If you mean moving money between exchanges with altcoins, then probably. There is no other use for such altcoins though, so voting is bad word. If you are not in Speculation/Trading then altcoins are just useless (maybe darknets and scammers appreciate usage of some anon coins, I have no experience with this though).

Blocks arn't full at the moment because the number of transactions has dropped. See

https://bitinfocharts.com/comparison/transactions-btc.html

They were 163,440 in the last 24 hours, compared to 270,000 on March 2nd.

You know that article last week from blockchain.info saying transactions were down - turns out they weren't just down for them.

Users are voting with their feet and using other alts to move money around.

thanks for show us that block are not full,honestly i'm also dont understand aout block debate,i'm not bitcoin miner,and dont reall interesting to that,so can you explain me about your stats above?

404512    12 minutes    1020    11,361.54 BTC    AntPool    561
404511    21 minutes    492    2,300.51 BTC    AntPool    258.23
404510    26 minutes    149    1,391.25 BTC    AntPool    120.73
404509    26 minutes    458    4,397.90 BTC    BTCC Pool    212.47
404508    30 minutes    840    8,244.73 BTC    F2Pool    546.94
404507    37 minutes    1295    7,773.54 BTC    AntPool    883.73

It's a good job that all you guys who say that blocks are full don't work in my local pub.

many miners from outside of China will stop mining because the BTC will not cover their expenses. let's admit it that all the miners will lose half of their profits over night. the demand will be the same.

any raising of the block limit means an altcoin.

the halving has nothing to do with the consensus about the block limit, i mean if there will be no consensus and we remain at 1mb, it's not like the miners will face any drop in their earning due to the block limit, but it will be due to the halving itself

their profit come only by the demand , and demand can increase only if there is an increase in transaction one day, so yes my snwer has everything to do with the OP, not directly, but you can see the whole picture now

There seems to be different concerns, before or after the Halving happens...

~ The transactions will increase, as people hype the shit out of the Halving event and then the blocks will fill up and people will not be able to do these transactions. {New people will leave}
~ The miners rewards after the Halving will not be enough to cover their expenses and they will stop mining.
~ Transactions will go down after the Halving and would not be enough to supplement the miners income lost by the Halving event. {Miners Fee's}

Well, All of this is just speculation at this time.... I foresee a increase in transactions building up to the Halving and just there after, and then a drop in transactions... but still higher than today. The

unprofitable miners will leave and the difficulty will decrease, creating opportunities for other people to take those spots. The miners fee & transactions will climb slowly as adoption grows and will

eventually fill the income, lost by the Halving of the miners rewards. 

He wanted to tell you that your answer had nothing to do with the question He asked what the problem with the missing consensus and the halving is. It has less to do with adoption. Look at the answer of franky1 to see what the OP wanted to know.

After halving, the supply of new coins will be reduced. So I think the trading volume of bitcoin will reduce.

That is a point I understand that during halving, Right before and right after the volumes could increase very strong.

what you're not understanding? by having a limit on how many transactions you can have per second, big adoption increase thanks to big merchants like amazon will never come into play

agreed they want their side chains.
its people in the blockstream camp hoping NXT or monero will be a sidechain.. (fools),
hoping that they get to be billionaires by hoarding worthless alts.

I share your frustration with how long its taking to get some kind of capacity increase...
1 year ago chinese miners were ready to agree to 8MB max block limit  after much consideration, and here we are, made to wait another 2 months probably more, for a tiny increase to "effective" block size....
but once segwit is released and widely adopted ( fingers crossed! ) we'll get nearly double capacity, which should be good enough for now.

short term looks good to me.
long term, i strongly disagree with Core devs. i believe there plan makes very little sense economically, and will cost bitcoin its spot as #1 crypto.

Blocks aren't full, well some are, but there is still surplus capacity. So there is no crisis. If people stopped spamming transactions, and distorting the traffic flow, then we could come to a decent planned growth. Not fasll for some bid by miners to try to centralise mining.

segwit AND 2mb combined will be coming soon.. but not soon enough,
nothing bad will happen. but instead of stagnating (staying the same) for a year, if done sooner then bitcoin can grow and expand unhindered.