Where can we keep track of block halvings?

David Walters

newbie

Activity: 31

Merit: 0

Quote from: requester on November 03, 2016, 08:21:19 AM

check the official site of bitcoin halving here http://www.bitcoinblockhalf.com

this site gives you information like below:

Total Bitcoins in circulation:15,964,875
Total Bitcoins to ever be produced:21,000,000
Percentage of total Bitcoins mined:76.02%
Total Bitcoins left to mine:5,035,125
Total Bitcoins left to mine until next blockhalf:2,313,720
Bitcoin price (USD):$580.47
Market capitalization (USD):$9,267,130,991.25
Bitcoins generated per day:1,728
Bitcoin inflation rate per annum:4.03%
Bitcoin inflation rate per annum at next block halving event:1.73%
Bitcoin inflation per day (USD):$1,003,052
Bitcoin inflation until next blockhalf event based on current price (USD):$1,343,045,048
Total blocks:437,190
Blocks until mining reward is halved:192,810
Approximate block generation time:10.00 minutes
Approximate blocks generated per day:144
Difficulty:253,618,246,641
Hash rate:1.91 Exahashes/s

if you are interested then check the site once a day make your report that would help you to predict futurei of bitcoin.

Thank you too! this site has great information, just what i was looking for.

shinratensei_

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Quote from: mobnepal on November 03, 2016, 12:36:25 PM

Quote from: leex1528 on November 03, 2016, 08:12:32 AM

Is there a point that it will become to unprofitable to mine in order to actually get any value of Bitcoins so no more Bitcoins will be coming out?

Mining after many halving or even when all bitcoin get mined can still remain profitable due to high fees associated with every bitcoin transaction as well as by that time price per bitcoin may be thousands of dollar so even few satoshi fee may count like 100$ or more.

Correct, the price gets suitable with the distribution, the basic things on the economic. in this time block at 12.5 and the price are $700 and the upcoming block the bitcoin will towards 6.25 caused by halving, the price will eventually equal with the previous block doubled price.

20kevin20

legendary

Activity: 1134

Merit: 1598

It happens each 4 years, approximately. It was launched in 2008, the first halving was in 2012 and now, in 2016 was the second one. We expect the third one to happen in 2020. It just becomes harder and harder to mine it.

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

Quote from: leex1528 on November 03, 2016, 08:12:32 AM

So, I need to learn more about this. I know it happens after so many blocks are found. But what does it actually do the value of Bitcoins, does it make them worth more, less? Is there a point that it will become to unprofitable to mine in order to actually get any value of Bitcoins so no more Bitcoins will be coming out? Anyone have any good reads on this?

What my point of view is if the demand is bigger than supply the price rise.
Nowadays bitcoin demands increase step by step which means it's possible when halving time coming the price will go up. It's doesn't rule out the possibility if bitcoin will die, but it's have %0.00000001 possibility bitcoin will die.

prabowo96

full member

Activity: 238

Merit: 100

it's showtime

2019 will be a good year to buy some coins to sell in 2020, hope I can double my money with this move...

Until there I see no oportunities to earn money holding, price will stay stable... Thanks for the site @requester

mobnepal

legendary

Activity: 1218

Merit: 1006

Quote from: leex1528 on November 03, 2016, 08:12:32 AM

So, I need to learn more about this. I know it happens after so many blocks are found.

Bitcoin reward halving occurs on every approximately 4 years of interval.

Quote from: leex1528 on November 03, 2016, 08:12:32 AM

Is there a point that it will become to unprofitable to mine in order to actually get any value of Bitcoins so no more Bitcoins will be coming out?

Mining after many halving or even when all bitcoin get mined can still remain profitable due to high fees associated with every bitcoin transaction as well as by that time price per bitcoin may be thousands of dollar so even few satoshi fee may count like 100$ or more.

requester

sr. member

Activity: 280

Merit: 250

Quote from: requester on November 03, 2016, 08:21:19 AM

check the official site of bitcoin halving here http://www.bitcoinblockhalf.com

this site gives you information like below:

Total Bitcoins in circulation:15,964,875
Total Bitcoins to ever be produced:21,000,000
Percentage of total Bitcoins mined:76.02%
Total Bitcoins left to mine:5,035,125
Total Bitcoins left to mine until next blockhalf:2,313,720
Bitcoin price (USD):$580.47
Market capitalization (USD):$9,267,130,991.25
Bitcoins generated per day:1,728
Bitcoin inflation rate per annum:4.03%
Bitcoin inflation rate per annum at next block halving event:1.73%
Bitcoin inflation per day (USD):$1,003,052
Bitcoin inflation until next blockhalf event based on current price (USD):$1,343,045,048
Total blocks:437,190
Blocks until mining reward is halved:192,810
Approximate block generation time:10.00 minutes
Approximate blocks generated per day:144
Difficulty:253,618,246,641
Hash rate:1.91 Exahashes/s

if you are interested then check the site once a day make your report that would help you to predict futurei of bitcoin.

I am knowing this site for the first time. thanks requester for your valuable information. I just checked the site and they had provided data in awesome way i love the site and I had now discovered another site to check halving of other coins.

calkob

hero member

Activity: 1106

Merit: 521

Quote from: leex1528 on November 03, 2016, 08:12:32 AM

So, I need to learn more about this. I know it happens after so many blocks are found. But what does it actually do the value of Bitcoins, does it make them worth more, less? Is there a point that it will become to unprofitable to mine in order to actually get any value of Bitcoins so no more Bitcoins will be coming out? Anyone have any good reads on this?

There a re a few websites with countdown to the halving, a simple google search will find them, and the halving usually makes bitcoin price increase in the run up to it.

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

I wanted to know about it from a long time.
Thank you for the replies.
Nicely explained the concept the website.

leex1528

hero member

Activity: 784

Merit: 1000

Thanks for the responses. This is like economics 101, except I sucked at it lol.

Jhanzo

hero member

Activity: 798

Merit: 506

Thank satoshi

Quote from: leex1528 on November 03, 2016, 08:12:32 AM

So, I need to learn more about this. I know it happens after so many blocks are found. But what does it actually do the value of Bitcoins, does it make them worth more, less?

It can go either way. Block halvings halves the block reward, and once that happens the miners would want to sell their bitcoins at higher price so that they won't go bankrupt.

Quote

Is there a point that it will become to unprofitable to mine in order to actually get any value of Bitcoins so no more Bitcoins will be coming out?

No one knows what will happen in the future. Mining can become unprofitable at any time and some miners will quit mining because of it. The thing is the mining difficulty will also drops when the network hashrate drops because of miners quitting, so the difficulty may drop up to the point where mining can become profitable again (even if that makes one bitcoin worth $100 or less).

requester

sr. member

Activity: 280

Merit: 250

check the official site of bitcoin halving here http://www.bitcoinblockhalf.com

this site gives you information like below:

Total Bitcoins in circulation:15,964,875
Total Bitcoins to ever be produced:21,000,000
Percentage of total Bitcoins mined:76.02%
Total Bitcoins left to mine:5,035,125
Total Bitcoins left to mine until next blockhalf:2,313,720
Bitcoin price (USD):$580.47
Market capitalization (USD):$9,267,130,991.25
Bitcoins generated per day:1,728
Bitcoin inflation rate per annum:4.03%
Bitcoin inflation rate per annum at next block halving event:1.73%
Bitcoin inflation per day (USD):$1,003,052
Bitcoin inflation until next blockhalf event based on current price (USD):$1,343,045,048
Total blocks:437,190
Blocks until mining reward is halved:192,810
Approximate block generation time:10.00 minutes
Approximate blocks generated per day:144
Difficulty:253,618,246,641
Hash rate:1.91 Exahashes/s

if you are interested then check the site once a day make your report that would help you to predict futurei of bitcoin.

Labumi

hero member

Activity: 756

Merit: 500

Why you should think about it. ..?? , I'm happy to be part of the bitcoin. But I don't really think about it, because it could have been changed by well when we can always invite more people to use the bitcoin. Do you mean the block is not necessarily something we can do research or check forever, because each time the block will change

leex1528

hero member

Activity: 784

Merit: 1000

So, I need to learn more about this. I know it happens after so many blocks are found. But what does it actually do the value of Bitcoins, does it make them worth more, less? Is there a point that it will become to unprofitable to mine in order to actually get any value of Bitcoins so no more Bitcoins will be coming out? Anyone have any good reads on this?

Topic: Where can we keep track of block halvings? (Read 572 times)