In the Bitcoin network, user transactions are grouped in blocks and recorded to a digital public ledger called a blockchain. The amount of bitcoins rewarded for bitcoin 2016 halving block decreases with time: it is halved every 4 years. This event, the moment 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. When Bitcoin was created in 2009, the initial reward was 50 bitcoins. 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. Note that other examples of halvings are available for comparison. The first Bitcoin halving occurred on the 28th of November 2012. 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. The interesting observation will be, on a larger time-scale, to see if the up-trend that Bitcoin price has been experiencing since its inception in 2009 will continue its path. This web page is connected to several web APIs to provide real-time data about the Bitcoin network. The new block announcement is obtained through a websocket established with blockchain. The spot price is provided by Bitstamp web API. The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12. One of the tell-tale signs that a share-based MLM opportunity operating in the US is a Ponzi scheme, is failure to register with the SEC.
All it takes is the filing of a few documents and annual reports, and the regulator has all the information to ascertain whether or not an otherwise questionable opportunity is legitimate. The alternative is a regulatory investigation, which typically results in a civil case being filed and the Ponzi scheme in question shut down. The shares initially paid out for 1000 days, however the ROI period was recently reduced to 600. Sravana XXX: how v will get daily income in bit club? Invest money and collect a passive ROI, otherwise known as a securities offering. United States has to go ahead and shut us down. On a logical plane the company’s decision makes little sense.
So what do you gotta do with life? You just keep rollin’, rollin’, rollin’. So, y’know I’m not hung up on it. The scheme recently attracted the attention of regulators in South Africa. As the investigation continues, bank accounts of participants have been frozen due to money laundering concerns. A ponzi scheme has no product, it’s just a money game set up to pay people with other people’s money and eventually it will crash and burn because there is no real money being earned from any outside sources. March 16th the company recently announced a second virtual share mining pool.
Shares in this pool are only available to Founder members and are limited to 1,000 total shares. It’s not too late to become a Founder and stake your claim in the Ethereum pool! Ethereum is the name of the project behind the Ether cryptocurrency launched last year. I would like see the SCAMMERS go to jail.