Bitcoin

Bitcoin user meme

Watch Bitcoin Halving live with real-time data from Bitcoin network ! A Countdown to the Mining Reward Halving. Miners are in charge of this task, and receive a mining reward in the form of bitcoins for each block recorded. This event, the bitcoin user meme when the mining reward is divided by 2, is commonly called “Bitcoin halving”.

Other denominations are used: “reward drop”, “reward halving”, or simply “the halving” or “the Halvening” which is a popular meme among bitcoiners. In november 2012, it dropped to 25btc after the first halving. The second halving will take place in July 2016, decreasing the reward to 12. WHAT IS THE IMPACT ON BITCOIN PRICE? As any freely traded asset, Bitcoin price depends solely on demand and supply.

The evolution of bitcoins supply is hard coded and is known to everyone, so it all depends on the evolution of demand. Bitcoin being a very young currency with much room to grow in use and value, I would personally bet on a price increase. One thing is certain though: at the time of Halving, the supply reduction will already be priced in the exchange rate, thanks to market anticipation. So don’t expect a big price movement on Halving Day. Note that other examples of halvings are available for comparison. More recently, the Litecoin, a Bitcoin clone, passed its first halving on August 25th, 2015. What is certain for this second Bitcoin halving is that similar wild, speculative, short-term rallies and crashes will occur.

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