So I don't understand the halving very well, will miners just make half as much? Will the price double or the difficulty change? Will bitcoin mining just become so hard it ceases to be cost effective? Am I making a mistake getting into bitcoin mining? Will people just switch to a altcoin?

1 Answer 1

  • The block reward will half, which will in turn make mining less profitable? RIght? May 2, 2016 at 20:54
  • Block reward = Block subsidy + transaction fees. Subsidy halves. Price might be affected, but price isn't controlled by the halving but by the market.
    – Murch
    May 2, 2016 at 21:11
  • So in other words miners will make about half as much. May 2, 2016 at 21:19
  • The number of newly created bitcoins half. If the price remains the same, they will be making approximately half the revenue of now, plus the same amount of transaction fees.
    – Murch
    May 2, 2016 at 21:21

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