Whats's halving? - page 3. | Bitcointalksearch.org

Ayers

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Quote from: odolvlobo on June 03, 2016, 10:41:14 PM

Quote from: MWesterweele on June 01, 2016, 04:20:44 AM

Halving is a event in bitcoin that happens every 4 years.During this event bitcoin blocks are divided into half making bitcoin harder to mine for bitcoin miners out there.But halving for stock holders and normal traders can be profitable,because during halving bitcoin price may rocket up making good profits for traders, but in the other hand bitcoin can be a lost because there is still a chance that bitcoij price may go down.

No. Bitcoin blocks are not divided in half. The subsidy is divided in half.

No. Mining does not get harder. In fact, it will probably get easier as miners start turning off equipment and the difficulty drops.

difficult never drop too much, just small correction, price is increase so the halving will not force miner to leave, the diff will likely be higher than today, so i think you're wrong on your second point

Zilara12

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Majority of the people say halving is good for bitcoin price,some disagree. I guess we will have to see in the upcoming months!

sempak

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halving is the reduction of mining bitcoin block reward. by halving predicted bitcoin supply will be reduced causing the price of bitcoin ascending in the market.

Cybertron00

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Halving is a once every 4 years event that halfs mining subsidy and the time when bitcoin's price rises drastically and then goes back to normal or drops drastically after halving. Grin

odolvlobo

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Quote from: MWesterweele on June 01, 2016, 04:20:44 AM

Halving is a event in bitcoin that happens every 4 years.During this event bitcoin blocks are divided into half making bitcoin harder to mine for bitcoin miners out there.But halving for stock holders and normal traders can be profitable,because during halving bitcoin price may rocket up making good profits for traders, but in the other hand bitcoin can be a lost because there is still a chance that bitcoij price may go down.

No. Bitcoin blocks are not divided in half. The subsidy is divided in half.

No. Mining does not get harder. In fact, it will probably get easier as miners start turning off equipment and the difficulty drops.

Mvaporis1961

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The bitcoin halving is a phenomenon where the block rewards of the miner will divided by two (2) and it happened every four year. I think it's one of the best choice to sell bitcoin after halving because you can make a lot of money from it, imagine you buy your bitcoin at the price of $450 and after halving the price of the bitcoin will rise upto $1200 just like what happened before (november 2013). So if you sell it at $1200 per piece you profit will be $750, that's a huge amount of profit!

MWesterweele

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Halving is a event in bitcoin that happens every 4 years.During this event bitcoin blocks are divided into half making bitcoin harder to mine for bitcoin miners out there.But halving for stock holders and normal traders can be profitable,because during halving bitcoin price may rocket up making good profits for traders, but in the other hand bitcoin can be a lost because there is still a chance that bitcoij price may go down.

Etemind

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Quote from: odolvlobo on May 20, 2016, 04:38:56 PM

Quote from: hd060053 on May 20, 2016, 02:18:51 PM

main reason for growth: miners have only half the bitcoins to dump in order to cover their costs

Supply attributed to mining is very small compared to the total supply. Mining has little effect on the price now.

Quote from: Etemind on May 20, 2016, 03:40:02 PM

The halving will reduce the supply of the new bitcoins, it could increase the price if the demand is the same.

While the supply of new bitcoins (generally referred to as "production") is halved, the supply of bitcoins increases every block whether the reward is 25 BTC or 12.5 BTC. The supply never decreases because bitcoins are not consumed.

So, in your scenario, if the demand is the same after the halving, then the price will fall because the supply continues to rise.

I see, the total supply of the bitcoin will also rise. If you want the price to rise $1, the whole market cap will rise 15 million.

odolvlobo

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Quote from: hd060053 on May 20, 2016, 02:18:51 PM

main reason for growth: miners have only half the bitcoins to dump in order to cover their costs

Supply attributed to mining is very small compared to the total supply. Mining has little effect on the price now.

Quote from: Etemind on May 20, 2016, 03:40:02 PM

The halving will reduce the supply of the new bitcoins, it could increase the price if the demand is the same.

While the supply of new bitcoins (generally referred to as "production") is halved, the supply of bitcoins increases every block whether the reward is 25 BTC or 12.5 BTC. The supply never decreases because bitcoins are not consumed.

So, in your scenario, if the demand is the same after the halving, then the price will fall because the supply continues to rise.

Etemind

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The halving will reduce the supply of the new bitcoins, it could increase the price if the demand is the same.

hd060053

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Quote from: Enotche on May 20, 2016, 01:15:16 PM

I will try to explain - to create Bitcoin developers were given the condition that every four years, mining Bitcoins will be reduced by half. This is Halving.
If you do not go into details, but now every time miners find Bitcoin block - they have been rewarded with 25 Bitcoins, and after Halving will receive 12.5 per Bitcoin block found.
In other words, for the same amount of power and the same work performed will be produced exactly half Bitcoins!
When happen Halving Bitcoin? - July 13, 2016.
And what will happen after Halving Bitcoin? Nobody really knows, but of course everyone expects that the price of Bitcoin will grow significantly. For reference - Halving after the last (in 2012) the price of Bitcoin in a very short time has grown from $ 12 to $ 1,000.

main reason for growth: miners have only half the bitcoins to dump in order to cover their costs --> some (western) miners will also have to stop mining and difficulty can go down.

Enotche

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I will try to explain - to create Bitcoin developers were given the condition that every four years, mining Bitcoins will be reduced by half. This is Halving.
If you do not go into details, but now every time miners find Bitcoin block - they have been rewarded with 25 Bitcoins, and after Halving will receive 12.5 per Bitcoin block found.
In other words, for the same amount of power and the same work performed will be produced exactly half Bitcoins!
When happen Halving Bitcoin? - July 13, 2016.
And what will happen after Halving Bitcoin? Nobody really knows, but of course everyone expects that the price of Bitcoin will grow significantly. For reference - Halving after the last (in 2012) the price of Bitcoin in a very short time has grown from $ 12 to $ 1,000.

Farma

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halving, is a great opportunity awaited by bitcoin users to generate enormous income. Well, I guess that would make bitcoin prices rose. Cool

wait and see it

Marbit

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Quote from: DeathProxyX on May 20, 2016, 10:05:34 AM

Halving is the next BTC bubble Cool

Actually to reduce something by half or divide something into two equal pieces,

Kprawn

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The Bitcoin protocol are programmed to release a specific amount of coins every 10 minutes.. more or less as a reward for miners doing the work and solving the complex mathematical computations.

It started out with 50 bitcoins and then it halved to 25 and now it is going to be halved again. It was done on purpose to simulate something like gold. A commodity that runs out over time.. if it was

not for that... and the capped 21 million coins.. bitcoin would have had little value. { It's about scarcity and supply and demand } Hope I kept it simple enough. Roll Eyes

DeathProxyX

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Halving is the next BTC bubble Cool

pedrog

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Bitcoin mining subsidy will be cut in half.

Check this: https://en.bitcoin.it/wiki/Controlled_supply

PeRo

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I saw this being disscussed and talked about. But I don't know what halving is.

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