Interesting information about Halving Bitcoin

[Sumayya 493]

So many bitcoin are mined daily but that is also shared by all the miner which will be very small to them and will not cover their expenses

[Crypto123 0]

Just now, Sumayya said:

So many bitcoin are mined daily but that is also shared by all the miner which will be very small to them and will not cover their expenses

Yes, this is what mining will be like in the distant future. After each Halving, the rewarded amount decreases, and the only solution for miners to stay on the network will be to increase the Bitcoin price or increase the fees for transfers.

[Sumayya 493]

19 hours ago, Crypto123 said:

Yes, this is what mining will be like in the distant future. After each Halving, the rewarded amount decreases, and the only solution for miners to stay on the network will be to increase the Bitcoin price or increase the fees for transfers.

And that will not be good for the users of Bitcoin, they love the low fee. If the price of Bitcoin will increase that will be okay

[Crypto123 0]

7 minutes ago, Sumayya said:

And that will not be good for the users of Bitcoin, they love the low fee. If the price of Bitcoin will increase that will be okay

Of course, no one likes high fees, but when it comes to the fate of Bitcoin, everyone should be satisfied with this. If the fees do not rise, miners will stop their work and the Bitcoin network will collapse. So we have to sacrifice a little bit for the bitcoin network to survive.

[Crypto123 0]

4 hours ago, Ahmad Isah Suleiman said:

This is the work of expertise who took time to expose and clarify more points on Bitcoin halving. Sir your information put down in simple format step by step has great impact not only on members of this forum but crypto currencies ecosystem in general

Thank you for these kind words and for this encouragement, in fact wherever you find useful and simple information I try to share it here so that all members of the forum benefit. I hope this forum will be a place for knowledge and profit at the same time.

[Crypto123 0]

1 hour ago, Ahamed744 said:

I appreciate it due to these facts. It is a type of announcement exactly who produces this moral range in price up, mainly because there is a variety connected with those who find themselves having a worry in addition to panic or anxiety around the Bitcoin selling price in reference to his decrease!

Yes, the low bitcoin price does not only affect traders or investors, it mainly affects miners, and these are the ones who maintain the bitcoin network, and in the event the bitcoin price falls, they may leave mining and this is a big problem.

[Sumayya 493]

On 12/20/2019 at 5:28 AM, Crypto123 said:

Of course, no one likes high fees, but when it comes to the fate of Bitcoin, everyone should be satisfied with this. If the fees do not rise, miners will stop their work and the Bitcoin network will collapse. So we have to sacrifice a little bit for the bitcoin network to survive.

The government shoukd come in that part, if they accept crypto to help support the miners by mining the blockchain

[mani982 286]

The most interesting thing of Halving is that Mining become more costly and when people do not mine easily they will bought bitcoin from exchange and when people start buying bitcoin then demand of bitcoin will increased and in result bitcoin price rise up.

[Crypto123 0]

21 hours ago, mani982 said:

The most interesting thing of Halving is that Mining become more costly and when people do not mine easily they will bought bitcoin from exchange and when people start buying bitcoin then demand of bitcoin will increased and in result bitcoin price rise up.

You mean that mining bonuses decrease and not that the cost rises, yes when bonuses decrease, bitcoin production decreases and thus it becomes little in the market, so demand for it increases and the price becomes higher. This is a well-known economic base and is of great benefit to bitcoin.

[Syed Rehan 231]

On 12/16/2019 at 3:12 AM, Ibnusmanedoz said:

This is really my first time hearing this. Thanks so much.

But before the 2 halvening in the bitcoin. the halvening impact on the price of the bitcoin. In every halvening the price of the bitcoin increases. And the next halvening is in the may 2020. And i am waiting for the halvening event

[Crypto123 0]

On 1/13/2020 at 3:08 PM, jitu123321 said:

Last time at the time of hardfork btc accuired lots of attention and i think this halving will be another event which can do the same and for sure it help to surge the price of bitcoins

In fact, the fork is different from the halving , the fork is the division of bitcoin into two different coins, While the halving is the decrease in the value of the mining equivalent to half of the value.

[aqua 773]

So with the halving time, we will go to see bitcoin price will jump to the highest price, and maybe all of us is not expect to see the new highest price. The situations will be almost the same as what we saw in 2017 when the bitcoin price increase so high and reach $20k. This time, the bitcoin price can soar to the very highest price, and I think it will reach more than $20k.

[Crypto123 0]

1 hour ago, Ibnusmanedoz said:

Wow that means there are still more halving to be dine. But at meat bitcoin will always go up no matter his the case may be.

Looks like you love food so much !!! Yes bitcoin has risen before the halving occurred and this was long expected and I think it will continue to rise slightly but the big rise after the halving.

[MohammadMohsin 569]

Thanks for sharing this useful information buddy. Cause I wanted some good news about the Bitcoin halving in the next few years. and now I got something to know. Thanks again. 

[Sshill 97]

Wow mate thank you very much now i got to know that what is a bitcoin halving., Thanks for the information that you are sharing with us, when it comes to bitcoin halving, it will started again by the 2020 so that many people are waiting for this opportunity to get some good earnings...

[phpMailz 568]

The halving of the block reward is a good compensation put in place by bitcoin creator to keep supply stable, they could tell that bitcoin price will go up.

[McCree 713]

I don't think that the price will keep going up after each halving, there will eventually be a liquidity limitation that stops it.

[phpMailz 568]

12 minutes ago, McCree said:

I don't think that the price will keep going up after each halving, there will eventually be a liquidity limitation that stops it.

Yeah in the end there will be some liquidity factor to keep the price from rising, until that time the halving of the block reward will limit incoming supply to the bitcoin market, with demand for bitcoin holding steady this will drive price.

[Crypto123 0]

1 minute ago, Zervanix said:

block halving is the most awaited event by bitcoin users because it will reduce the distribution of coins while the demand for bitcoin is higher so that the price of bitcoin is rising

That's right, everyone is now waiting for this important bitcoin event called Halving because as you say it will reduce rewards and decrease the quantity and thus increase the demand for bitcoin and increase its price.

[Hatred 1388]

On 12/15/2019 at 5:43 PM, Crypto123 said:

Her is some Interesting information about Halving Bitcoin:

What is Halving Bitcoin:

It is the process of decreasing the rate of issuance of new currencies, in other words, reducing the bonuses of mining blocks provided to two bitcoin minerals

 

Halving bitcoin history:
In the past two halving events for bitcoin occurred in the year 2012 and in the year 2016, and we are on the third halving date in May of 2020, and the last halving event will be in the year 2140 where the last block will be mining on the bitcoin network and 21 million BTC will be extracted completely

1- About 18 million BTC are available on the net and only about 3 million are left to be mined

2 - The total number of Halving operations for Bitcoin is 33 operations, 2 are completed and 31 remain, and after the last Halving there will be a mining equivalent in it of only 0.58 Satoshi, which means that in the recent period the minerals will only take 0.58 Satoshi until they find the last remaining of 21 million Bitcoin

3 - After the fifth Halving expected in the year 2028, approximately 99% of the total bitcoin will be produced, and the period from 2028 to the year 2140, which is more than a century, the miners will produce only 1% of the bitcoin currency.

4 - Currently, when bitcoin mining, miners receive a reward of 12.5 bitcoins per block. In May 2020 the bonus will split from 12.5 and become half, or 6.25 bitcoins per metallic block.

5 - The number of Bitcoin mined daily is about 144 blocks per day, meaning about 1 block every 10 minutes is equivalent to 1,800 Bitcoins per day.

 

This information is collected and translated from several articles on the Internet

Well, Bitcoin Halving is just new to me. Thanks for sharing it to us. It is very helpful to us and also we gain new knowledge about bitcoin.

[Sid 589]

The information that the OP provided is interesting especially point number 3, it turns out it takes a very long time to mine 1% bitcoin. It looks like the price of bitcoin will continue to go up and last a long time even though the amount is limited 👍

[Ali_hmwi 966]

Oh all these information thanks . for you helping us find out why bitcoin always do this move 😂.

is there any new halving soon 😅

[Crypto123 0]

23 minutes ago, Sid said:

The information that the OP provided is interesting especially point number 3, it turns out it takes a very long time to mine 1% bitcoin. It looks like the price of bitcoin will continue to go up and last a long time even though the amount is limited 👍

Yes, this fact about Bitcoin is really interesting, Satoshi still amazes us with a lot of things and facts about Bitcoin. Indeed it was a genius of his time. And his name will remain in history for a long time.

[iloveyobit 6599]

5 hours ago, KindCoin said:

The analysts did not know what they are saying. Bitcoin halving will have positive effect on increasing prices of cryptocurrencies. I am sure of this. 

Yes, this happens every time there is a split for Bitcoin, but I don’t know why analysts believe that the price will go down this time, we will see.

[rajonmia 181]

That is really good information. But one thing  I can not understand. 2012 then 2016 then 2020... So why it's halving going 2140... Can you describe about this.?