Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: kulkhan on April 20, 2024, 05:09:37 AM

Title: What is Bitcoin halving?
Post by: kulkhan on April 20, 2024, 05:09:37 AM
Bitcoin Halving
We know New bitcoins are issued by the Bitcoin network every 10 minutes. First four years amount of new bitcoins issued every 10 minutes was 50. From then Every four years, this number is cut in half. In the year 2012 halving, the amount of new bitcoins (BTC) issued every 10 minutes exude 50 bitcoins to 25 bitcoin. In the year 2016, it exude  from 25 bitcoin to 12.5 botcoin.Recently May 11, 2020 last bitcoin halving, it exude from 12.5 bitcoin to 6.25 bitcoin per block.Today happen another bitcoin halving and reward exude from 6.25 bitcoin per block to 3.125 bitcoin per block. It is the Last and latest block reword for bitcoin mining.

Next estimated Bitcoin halving date - March 3, 2028.
Title: Re: What is Bitcoin halving?
Post by: SamReomo on April 20, 2024, 01:57:30 PM
You have explained Bitcoin halving very well. It's basically the mechanism to get attention of the investors because when block reward is reduced to half then that creates scarcity in finding of new coins and thus the value of the present coins increase.

The Bitcoin holders get more courage to hold for long term as the new coins that are generated are half in number and miners may also hold their coins so they can earn profits from mining operations.
Title: Re: What is Bitcoin halving?
Post by: Power420 on April 21, 2024, 06:42:59 PM
Bitcoin Halving
We know New bitcoins are issued by the Bitcoin network every 10 minutes. First four years amount of new bitcoins issued every 10 minutes was 50. From then Every four years, this number is cut in half. In the year 2012 halving, the amount of new bitcoins (BTC) issued every 10 minutes exude 50 bitcoins to 25 bitcoin. In the year 2016, it exude  from 25 bitcoin to 12.5 botcoin.Recently May 11, 2020 last bitcoin halving, it exude from 12.5 bitcoin to 6.25 bitcoin per block.Today happen another bitcoin halving and reward exude from 6.25 bitcoin per block to 3.125 bitcoin per block. It is the Last and latest block reword for bitcoin mining.

Next estimated Bitcoin halving date - March 3, 2028.

I generally know that Bitcoin halving is a four-year cycle, and when the block is completed it starts over again. This four-year cycle takes place when the Bitcoin price starts to rise the most, but this is the biggest opportunity for investors to reap the benefits. This halving is held in such a way that every investor should be able to reap the benefits if they maintain their holdings properly. This fourth halving took place in 2012, 2016, 2020, and 2024. If you notice then you can notice the past halvings and retrieve all the information from there.
Title: Re: What is Bitcoin halving?
Post by: jeraldskie11 on April 21, 2024, 07:06:15 PM
Next estimated Bitcoin halving date - March 3, 2028.
Yeah, and the reward from mining will be reduced from 3.125 to 1.5625. But that wouldn't be the last halving because it only stop when all the remaining Bitcoin are mined. So according to others, it will happen at year 2132, 2136, or 2140. I can't imagine what will be the price of Bitcoin when that year is approaching, maybe Bitcoin will reach $1M or more. But there's an idea came out to my mind, do the miners will stop if all the Bitcoins are mined? Because they won't even get Bitcoin reward anymore I think.
Title: Re: What is Bitcoin halving?
Post by: Stompix on April 21, 2024, 07:17:28 PM
But there's an idea came out to my mind, do the miners will stop if all the Bitcoins are mined? Because they won't even get Bitcoin reward anymore I think.

If miners would stop mining then Bitcoin would be dead as you couldn't move any coins anymore.
The design was that as the reward diminishes the increase in price along with fees will keep miners mining and securing the chain, once the reward is gone all the revenue will be from fees, and that amount will decide how secure the chain will be against attacks.
But since there is a close to zero chance of anyone on this forum seeing that alive, it really makes little sense wondering or worrying about it.



Title: Re: What is Bitcoin halving?
Post by: kulkhan on April 21, 2024, 08:21:51 PM
Next estimated Bitcoin halving date - March 3, 2028.
Yeah, and the reward from mining will be reduced from 3.125 to 1.5625. But that wouldn't be the last halving because it only stop when all the remaining Bitcoin are mined. So according to others, it will happen at year 2132, 2136, or 2140. I can't imagine what will be the price of Bitcoin when that year is approaching, maybe Bitcoin will reach $1M or more.
In the year 2132, 2136 or 2140 Bitcoin price where will go we cannot imagine. You gase then bitcoin price will go to $1m. I think for $1m Bitcoin price we dont wait for thats time. I think within 2036 we will see bitcoin price $1m and i strongly believe it.

Because gradually we are going to end of bitcoin mining. When it will end then bitcoin price increase speedily there has no doubt.
Title: Re: What is Bitcoin halving?
Post by: MUGNIA on April 21, 2024, 11:13:52 PM
Next estimated Bitcoin halving date - March 3, 2028.
Yeah, and the reward from mining will be reduced from 3.125 to 1.5625. But that wouldn't be the last halving because it only stop when all the remaining Bitcoin are mined. So according to others, it will happen at year 2132, 2136, or 2140. I can't imagine what will be the price of Bitcoin when that year is approaching, maybe Bitcoin will reach $1M or more.
In the year 2132, 2136 or 2140 Bitcoin price where will go we cannot imagine. You gase then bitcoin price will go to $1m. I think for $1m Bitcoin price we dont wait for thats time. I think within 2036 we will see bitcoin price $1m and i strongly believe it.

Because gradually we are going to end of bitcoin mining. When it will end then bitcoin price increase speedily there has no doubt.

If so, how long will it take for miners to mine their BTC?
  Price increases will always occur rapidly if confidence in BTC is very high, because the decreasing factor is the presence of negative news about BTC so that it slightly inhibits the increase in the price of BTC and the existing altcoin coil.
Title: Re: What is Bitcoin halving?
Post by: yhiaali3 on April 22, 2024, 10:16:49 PM
Halving is one of Sauchi's genius ideas and his far-sighted vision for the future, which he added to Bitcoin to give it more scarcity over time every four years. This scarcity is what increases the value of Bitcoin every cycle.

In the following years, Bitcoin will become even rarer than gold and will gain much greater value. This is one of the great advantages that made people trust Bitcoin and Hold it in the long term as a store of value and a hedge against inflation.