What is halving bitcoin - page 2. | Bitcointalksearch.org

Denker

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Quote from: vero on May 15, 2016, 04:47:34 AM

please for correct me if i'm wrong halving is reduce your block reward from mining it will affect to miner farm if price not increase after halving.

Yes this is right.The reward will get cut in half for each block.From 25 btc to 12,5 btc.
It's also correct that miners who already run at the edge of cost efficiency without any reserve assets might have to quit mining if price shouldn't increase in the future.

vero

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please for correct me if i'm wrong halving is reduce your block reward from mining it will affect to miner farm if price not increase after halving.

Enotche

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A special feature is the limited issue of Bitcoin. Number of bitcoins, which can namaynit, has a limit. The emission is performed at a pre-fixed plan. The next important milestone in this respect will come in the summer 2016: halving the award for the block, or simply "Halving".

Therefore, the question on the forum a lot of those created, just use the search.

justspare

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Quote from: davinchi on May 14, 2016, 03:54:43 PM

There's probably no point in me posting a reply in this thread as the users before me have already answered the question and the users after me will probably have the same answers, more or less. I'm surprised however that you're here in this forum for roughly 84 days and you have no idea what the halving is.

Well maybe he has just started Bitcoin in general and hasn't really researched much about it so he came to this forum and asked for help. Cut him some slack, you have been on this forum for much longer than him.

nanonymousx

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Halving means supply of fresh bitcoin is going down.
Bitcoin fed is fighting inflation with tighter money supply, this will drive up the price of bitcoin, probably.

davinchi

legendary

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There's probably no point in me posting a reply in this thread as the users before me have already answered the question and the users after me will probably have the same answers, more or less. I'm surprised however that you're here in this forum for roughly 84 days and you have no idea what the halving is.

Rizky Aditya

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Bitcoin halving occurs every 210,000 blocks. What it does is halves the block reward. Right now the block reward is 25 Bitcoin, that will be halved to 12.5 Bitcoin when we reach 420,000 blocks.

yenxz

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Quote from: Genius Einstein on May 13, 2016, 07:33:13 PM

Same as the question

bitcoin halving is time when bitcoin price will rise up so high Grin

that simple answer for us,but also not sure.
i found this article,and give us easy explanation,i can understand with it.

Quote

This event, the moment when the mining reward is divided by 2, is commonly called "Bitcoin halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners. When Bitcoin was created in 2009, the initial reward was 50 bitcoins.

www.thehalvening.com

Cyaren

sr. member

Activity: 294

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Every 210000 there is a halving in the block reward in the bitcoin network. So right now the block reward is 25 BTC, it's going to be 12.5 when the block figure hits 420000 which is in a couple of months time.

And block 630000 will be the next halving after that, 840000 the next, etc. etc.

quintiilieo

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For me the bitcoin halving is the best happening in many bitcoin user. Its is the time of earning to others so they earn bitcoin, buy bitcoin as much as they can, And this the time that all traders waiting because in bitcoin halving theres a chance that the price will go down, this is good in traders to buy more bitcoin, And a chance that will rise the price of bitcoin, this is good also because they can sell their bitcoin at high price so for Me bitcoin halving is the time of earning.

coins101

legendary

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Quote from: Genius Einstein on May 13, 2016, 07:33:13 PM

Same as the question

http://blockchain2020.com/block-420000/

jdmorgan

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In the Bitcoin network, user transactions are grouped in blocks and recorded to a digital public ledger called a blockchain. Miners are in charge of this task, and receive a mining reward in the form of bitcoins for each block recorded.
The amount of bitcoins rewarded for each block decreases with time: it is halved every 4 years. This event, the moment when the mining reward is divided by 2, is commonly called "Bitcoin halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners.
When Bitcoin was created in 2009, the initial reward was 50 bitcoins. In november 2012, it dropped to 25btc after the first halving. The second halving will take place in July 2016, decreasing the reward to 12.5btc.

Genius Einstein

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Same as the question

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