Topic: what is halving (Read 821 times)
Halving happened every 4 years where the block rewards will be half as its present amount like now the amount of block reward is 25 and when the halving comes in july it will be divided to 12.5 but the good thing is the price will increase and it has a high possibility that it will rise up to $1200 just like what happened before.
Halving is a event on bitcoin that is happening every 4 years on bitcoins life.During halving bitcoin blocks are divided into half making bitcoin supply on demand and making also bitcoin harder to mine.Before,during and after halving bitcoins price may rise up but has a tendency to be down.But most likely bitcoins price will rocket up after and during the halving day
To get into this topic, I can recommend the following two links. First blog article, explains what halving is and what impact it could have.
Second link is countdown when havling will be active.
http://forklog.net/bitcoin-halving-and-its-impact-on-the-price-in-2016
http://www.bitcoinblockhalf.com
Second link is countdown when havling will be active.
http://forklog.net/bitcoin-halving-and-its-impact-on-the-price-in-2016
http://www.bitcoinblockhalf.com
this halving happens every 4 years to control the supply of bitcoin
Hello, I see many posts here about halving but I want to know what is exactly halving?
This means that miner reward will drop to 12.5 BTC as opposed to 25 BTC in the years 2012 to 2016. The final amount of 21 million bitcoins will have been mined by 2140.The reason behind that is the necessity to control inflations. Bitcoin at its essence resembles commodities like gold rather than fiat currencies. If a centralized issuer prints too much money, it will devaluate, while the supply of gold is limited, and its mining becomes gradually different over time. Due to its limited supply, gold may retain its properties as an international means of exchange. Bitcoin designers hoped that the cryptocurrency would behave more or less the same.
Thanks for the explanation! I was also wondering
Thanks bonski, very clever mechanism.
Hello, I see many posts here about halving but I want to know what is exactly halving?
This means that miner reward will drop to 12.5 BTC as opposed to 25 BTC in the years 2012 to 2016. The final amount of 21 million bitcoins will have been mined by 2140.The reason behind that is the necessity to control inflations. Bitcoin at its essence resembles commodities like gold rather than fiat currencies. If a centralized issuer prints too much money, it will devaluate, while the supply of gold is limited, and its mining becomes gradually different over time. Due to its limited supply, gold may retain its properties as an international means of exchange. Bitcoin designers hoped that the cryptocurrency would behave more or less the same.
Hello, I see many posts here about halving but I want to know what is exactly halving?
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