what means halving? - page 2. | Bitcointalksearch.org

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Quote from: Mike Mayor on June 13, 2016, 04:22:18 PM

Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

No it doesn't reduce a bitcoin from 1 to 1/2 it halves the book size from 50 bitcoin to 25 bitcoin. I'm not sure how it will effect the blockchain though.

Incorrect:

"This reward, initially set to 50 BTC, fell to 25 BTC in late 2012. Sometime next month, this number is expected to fall to 12.5 BTC. This event is known as a "halving"."

--http://www.coindesk.com/making-sense-bitcoins-halving/

Mike Mayor

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Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

No it doesn't reduce a bitcoin from 1 to 1/2 it halves the book size from 50 bitcoin to 25 bitcoin. I'm not sure how it will effect the blockchain though.

wintermeasures

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Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

this maybe can increase your knowledge for bitcoin halving http://www.coindesk.com/making-sense-bitcoins-halving/

RoomBot

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Quote from: Amph on April 28, 2016, 12:51:08 AM

no your confusing the amount of intrinsic value with the reward of the block

number of satoshi per btc will always be the same, it would be hilarious if they wanted to change that too in the future

They could always add a 9th decimal place, LOL.

bladeandsoulguide

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halving means control supply

A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money

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DodoB

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It means that BitCoin will be generated at a slower rate=bitcoin becomes "rarer" and therefore more valuable.

kacang

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Quote from: Snorek on June 03, 2016, 08:35:33 PM

The best explanation and graphical representation of what is Halving can be found here - http://www.thehalvening.com/#3

Just a reminder - we are only 35 days away from the halving and considering current bitcoin price is so high maybe buying BTC now is not that bad idea?

yes maybe it is a good idea everyone waiting halving hope come with a good news

Snorek

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The best explanation and graphical representation of what is Halving can be found here - http://www.thehalvening.com/#3

Just a reminder - we are only 35 days away from the halving and considering current bitcoin price is so high maybe buying BTC now is not that bad idea?

Mvaporis1961

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The bitcoin halving is where the block rewards will divided into 2. As of now the block reward is 25 so when the halving comes the 25 will be 12.5 and there is a high possibility that it will skyrocket up to $1000 per piece after halving so it is advisable to store bitcoin as much as you can because you can make a lot of money from it.

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Quote from: btcltccoins on May 08, 2016, 08:38:15 AM

Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

We should remember that halving is a good and big event, whenever it will come it will give a big profit for us. Secondly, when halving will be finished, than automatically bitcoin's price will come in his own price.

And that is also profitable for us, when the price will come down, because it is a good chance to buy the bitcoins again in less price and save it now again, and when price will be increased to sell it. on one can say that it is useless idea.

Petersen

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People was expecting a moon even after the LTC halving, but nothing happened, I'm not really optimistic about a btc pump after its halving

Embroiderymate

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There rewards for mining bitcoin will be dropped to half so hopefully there price will increase

newbtcminer

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"That's just like, your opinion, man."

Right now there's tons of production and demand. As production decreases, it's logical to assume that demand will follow, making each Bitcoin worth more than it is currently. As long as there's consensus within the community that prices will increase and buying is encouraged, prices will most certainly go up.

Tasunko

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The price will up, half btc for mining

hendra147

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only a reduction in the number of mining blocks. the first of 50BTC will continue to be reduced divided into two. for this year if I'm not mistaken BTC / block will be 12.5BTC

so it does not change the number of bitcoin 1 BTC will remain = 1000mbtc = 100 mil satoshi

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Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

oke Let google explains it
https://www.google.com/search?q=block+halving+bitcoin&oq=block+halving+bitcoin
and some people above introduce it

better to google your answer before posting Wink

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Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

We should remember that halving is a good and big event, whenever it will come it will give a big profit for us. Secondly, when halving will be finished, than automatically bitcoin's price will come in his own price.

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Quote from: Dyatrev on April 27, 2016, 02:29:40 PM

when bitcoin halving completed what will happen

for now 100m satoshi 1 btc after halving will it be 50m for 1 btc?

No, 100 mill. satoshi will always be 1 BTC.
Halving mean that block reward drop from 25 BTC to 12.5 BTC.
For 4 years, block reward will be halved again to 6.25 BTC

De_Signer

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I think
More people love BTC in future -> more tx -> greater tx fee sum. Even with the fixed fees

In future fee rewards for mining will become greater then discovering reward.

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Quote from: shanerc563 on April 28, 2016, 12:49:56 PM

I would be concerned that as this happens, more miners will go offline and stop processing. This would lower the value of the bitcoin if I am correct. Why would we want to pay more in transaction fees when we can revert back to credit card processing?

Why would the value of bitcoin be lowered when there go miners away? First: the fee is at this moment a small amount in comparision with the blockreward, second: Miners are profit driven, and when the profit of mining and fees lowered after the halving there wil be miners go offline but the miners who stays share the fees and block reward with a smaller group of miners so the profit is rising. You can say that the market for mining has always a point of equilibrium. And we don't have to pay a bigger fees.

Topic: what means halving? - page 2. (Read 2962 times)