Topic: The word "Bitcoin halving" - page 2. (Read 2599 times)
This event, the moment when the mining reward is divided by 2, is commonly called "Bitcoin halving". and some other people are saying that because of it the price will go high .
I don't really know what is meant with halving it, but I know something effect of halving surely when halving it will have an impact on the price increase.
Hi guys.
The thing is every now and then in several topics (specially in economics section ) I hear the word bitcoin halving??
What does that word mean??? I really don't get it.
I would be grateful if anybody explains what is meant by it.
Thanks
The meaning of halving is making the block rewards half from 25 to 12.5 and resulting for miners to mine bitcoin harder after bitcoin halving event because the mining difficulty will rise. Other users said that after halving, Mining bitcoin will not be profitable anymore but i think that they are wrong because the price is adjusting and rising to make the mining halving still profitable The thing is every now and then in several topics (specially in economics section ) I hear the word bitcoin halving??
What does that word mean??? I really don't get it.
I would be grateful if anybody explains what is meant by it.
Thanks
. 
in my opinion other than halving explanation, and this is the effect of halving can make the price increase, due to a reduction in the number of block reward, so that when the demand will increase and price will also increase.
In bitcoin I have read that the code dictates that 21 million coins will be released over the course of bitcoin's life cycle. Trough limiting the total amount or number of bitcoins that could be created, Mr. Nakamoto was able to establish a defined amount of available data, a revolutionary accomplishment in and of itself.
The limited production of bitcoins was, in the same way, aimed at counteracting the endless printing of paper currencies, thus, there is halving.
The limited production of bitcoins was, in the same way, aimed at counteracting the endless printing of paper currencies, thus, there is halving.
Bitcoin halving is when miners receive half of the original bitcoin when a new block is mined. It started with 50 btc per blocks mined. Then at November 28, 2012 the first subsidy halving occur. Some speculate that the price will increase dramatically because of the supply deceases and demand increasing. Others say that the miners will lose profit and stop mining, causing it to drop. However there is not much changes happened. THe bitcoin halving happens every 4 years to control the supply of bitcoin. Maybe in year 2140 there will be no new bitcoin generated.
You can read more at http://cryptocoinblog.com/what-is-the-halving-effect-in-bitcoin-mining-investments/
You can read more at http://cryptocoinblog.com/what-is-the-halving-effect-in-bitcoin-mining-investments/
From the word bitcoin halving it means the block reward will be half from 25 to 12.5 and for the share holders it is the right time to sell their bitcoin because they can make a lot of profit from it like if they but it from $480 and sell it after bitcoin halving at $1200 and their profit is $720.
Halving basically means the halving of the block reward. Currently this figure stands at 25 BTC per block, it's soon going to be only 12.5. It's a great time to buy in, I suppose.
There is a similar question in the same section here where I have recently answered two.
https://bitcointalksearch.org/topic/what-is-halving-1446999
I posted two links which are explaining exactly what halving is, which impact it will has and when it will come.
https://bitcointalksearch.org/topic/what-is-halving-1446999
I posted two links which are explaining exactly what halving is, which impact it will has and when it will come.
Thanks a lot guys. I think I kinda get the concept now.
X13 I'll those links as well ty. 😚😀
From the word bitcoin halving it means the block reward will be half from 25 to 12.5 and for the share holders it is the right time to sell their bitcoin because they can make a lot of profit from it like if they but it from $480 and sell it after bitcoin halving at $1200 and their profit is $720.
There is a similar question in the same section here where I have recently answered two.
https://bitcointalksearch.org/topic/what-is-halving-1446999
I posted two links which are explaining exactly what halving is, which impact it will has and when it will come.
https://bitcointalksearch.org/topic/what-is-halving-1446999
I posted two links which are explaining exactly what halving is, which impact it will has and when it will come.
Halving basically means the halving of the block reward. Currently this figure stands at 25 BTC per block, it's soon going to be only 12.5. It's a great time to buy in, I suppose.
Bitcoin halving is when miners receive half of the original bitcoin when a new block is mined. It started with 50 btc per blocks mined. Then at November 28, 2012 the first subsidy halving occur. Some speculate that the price will increase dramatically because of the supply deceases and demand increasing. Others say that the miners will lose profit and stop mining, causing it to drop. However there is not much changes happened. THe bitcoin halving happens every 4 years to control the supply of bitcoin. Maybe in year 2140 there will be no new bitcoin generated.
You can read more at http://cryptocoinblog.com/what-is-the-halving-effect-in-bitcoin-mining-investments/
You can read more at http://cryptocoinblog.com/what-is-the-halving-effect-in-bitcoin-mining-investments/
when they block rewards halves there will be less coins created each day
You're basing this off the assumption that many will quit mining after the next halving
Historically, this has not been proven to be true.
The amount of bitcoin that is be mined every day in not depended on the total number of miners. The block reward is a fixed amount. Now it is 25 bitcoin and after the halving it become 12.5 Bitcoin roughly every 10 minutes. So the amount of grow everyday is indeed halved but not by the number of miners.
So what is the main main reason for this halvening??
Like who is in charge of it?
Nobody is in charge of it. Also the halvening is stipulated in the bitcoinprotocol from 2009 and nobody can change that without the permission of more than 50% of all bitcoin users. That is the power of bitcoin.
That I was not aware of
when they block rewards halves there will be less coins created each day
You're basing this off the assumption that many will quit mining after the next halving
Historically, this has not been proven to be true.
The amount of bitcoin that is be mined every day in not depended on the total number of miners. The block reward is a fixed amount. Now it is 25 bitcoin and after the halving it become 12.5 Bitcoin roughly every 10 minutes. So the amount of grow everyday is indeed halved but not by the number of miners.
So what is the main main reason for this halvening??
Like who is in charge of it?
Nobody is in charge of it. Also the halvening is stipulated in the bitcoinprotocol from 2009 and nobody can change that without the permission of more than 50% of all bitcoin users. That is the power of bitcoin.
That I was not aware of
when they block rewards halves there will be less coins created each day
You're basing this off the assumption that many will quit mining after the next halving
Historically, this has not been proven to be true.
The amount of bitcoin that is be mined every day in not depended on the total number of miners. The block reward is a fixed amount. Now it is 25 bitcoin and after the halving it become 12.5 Bitcoin roughly every 10 minutes. So the amount of grow everyday is indeed halved but not by the number of miners.
So what is the main main reason for this halvening??
Like who is in charge of it?
Nobody is in charge of it. Also the halvening is stipulated in the bitcoinprotocol from 2009 and nobody can change that without the permission of more than 50% of all bitcoin users. That is the power of bitcoin.
when they block rewards halves there will be less coins created each day
You're basing this off the assumption that many will quit mining after the next halving
Historically, this has not been proven to be true.
The amount of bitcoin that is be mined every day in not depended on the total number of miners. The block reward is a fixed amount. Now it is 25 bitcoin and after the halving it become 12.5 Bitcoin roughly every 10 minutes. So the amount of grow everyday is indeed halved but not by the number of miners.
So what is the main main reason for this halvening??
Like who is in charge of it?
when they block rewards halves there will be less coins created each day
You're basing this off the assumption that many will quit mining after the next halving
Historically, this has not been proven to be true.
The amount of bitcoin that is be mined every day in not depended on the total number of miners. The block reward is a fixed amount. Now it is 25 bitcoin and after the halving it become 12.5 Bitcoin roughly every 10 minutes. So the amount of grow everyday is indeed halved but not by the number of miners.
when they block rewards halves there will be less coins created each day
You're basing this off the assumption that many will quit mining after the next halving
Historically, this has not been proven to be true.
Some say it will make a big difference to the price (ie higher) but I'm really not convinced. A friend of mine who works in various parts of China tells me the electricity cost is like 5% of what we in the west pay so it seems to me it will make little difference to the Chinese miners. Will make a big difference to mining companies in the west though, if there are any left?
I don't think it will make a difference for anyone. Noobs get confused into thinking that miners only get to keep the block reward, the block reward for each individual miner is extremely small by the time it gets divided up by the entire pool. They don't realize that every coin they mine they get to keep, I would say the majority of miners are mining at cost or just slightly under. Mining in itself is not very profitable, miners are just doing it based on speculation, they hold BTC for a significant time and sell during price spikes
price rise due to a decreased supply of coin.
I don't get what's meant by this line ? Supply of the coin?
it is simple economics term, supply and demand here is an article from wikipedia
https://en.wikipedia.org/wiki/Supply_and_demand
in short i can say it is like this:
when they block rewards halves there will be less coins created each day and you can assume that there will be less coins being sold each day, hence less supply and if the demand stays the same or even gets bigger that will lead to price rise.
although there is a lot of argument about this , i am just saying the theory here don't shoot the messenger
price rise due to a decreased supply of coin.
I don't get what's meant by this line ? Supply of the coin?
Some say it will make a big difference to the price (ie higher) but I'm really not convinced. A friend of mine who works in various parts of China tells me the electricity cost is like 5% of what we in the west pay so it seems to me it will make little difference to the Chinese miners. Will make a big difference to mining companies in the west though, if there are any left?
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