What is the case after halving reward takes place:
Would bitcoin price gets double, since its harder to mine?
Would Blockchain introduces more blocks (e.g: 1/5mins)?
Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up.
Sign up to join this communityWhat is the case after halving reward takes place:
Would bitcoin price gets double, since its harder to mine?
Would Blockchain introduces more blocks (e.g: 1/5mins)?
No, the Blockchain will not change the number of blocks produced. That would require the difficulty retargeting rules to be changed, but the difficulty setting is part of the Consensus Rules, i.e. changing them would require a successful Hard Fork. There are currently no such plans.
There is lots of speculation about price effects, but before we get to that, let's review the facts first.
Facts
Thoughts
Conclusions
So my final answer is: We don't know yet whether the price will double. It seems plausible for the exchange rate to rise above current levels.
The bitcoin production costs are about $80 just the electricity + $?? other expenses. My guess that a full cost to produce bitcoin on the order of $200? so this implies for miners to stay operational, the price would need to rise to $400 ? the price already hovers around this level.