In the Bitcoin network, user transactions are grouped in blocks and recorded to a what is bitcoin halving public ledger called a blockchain. The amount of bitcoins rewarded for each 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. If after these trades price is higher you will here “up” sound, if lower, “down” sound, and if it stays the same “no change” sound. If you set it to 0. This setting is currency specific setting. It won’t work if you switch to another currency.
The chart below is the price change over time. The yellow line is the price at which actual trades were made. Green and red areas near the yellow line show you maximum and minimum price. Price is shown on the right axis. The Value for this is shown on the left axis.
Below is the cumulative depth chart. Moving your mouse over it will give you more information. The value axis for the cumulative depth chart is on the left, enumerated in . They show market depth changes over the last 10 minutes. The value axis for them is on the right . Bars on the left of the current price are bid offer changes, and on the right ask offer changes. So if somebody is adding a bid offer, you will see a green bar up on the left.
About colors: if bids are added they are in green, and when removed they are in red. The big number here is the price at which last trade was made. And here we have the last trades table. On the left: amount of bitcoins traded.
On the right: price at which it happened. If you still have some questions, you can find a link to my contact information on the bottom of this page. I also hang out on freenode under nick comboy. Bitcoin is a p2p-based digital currency. Unable to connect to data source – please try again later. One of the core challenges of designing a digital currency involves something called the double-spending problem. Users willing to devote CPU power to running a special piece of software would be called miners and would form a network to maintain the block chain collectively.