What's new

Bitcoins

Honan

Top Contributor
Just one more time for me please.
I wasn't listening, sorry.
What date and time AEST does the bitcoin rate of manufacture halve?
What do you all think will happen to the cash exchange rate after that date/time ?
 

Scott.L

Top Contributor
11 days 11 hours 11 minutes 11 seconds
Price should rise higher, Hashrate will decline as fewer coins are supplied to the market.
 

Honan

Top Contributor
Timheath.com.au told to me last night:.......
Halving at block 420,000 which will happen in 11days......
Its the block not time but through averages you can extrapolate time.
Not sure on price. Demand supply would say it goes up but supply is existing and new bitcoin so the 25 to 12.5 is insignificant. However the price needs to stay above a price to be profitable to mine for the network. Enough of the network should stay online to keep the network as new machine should remain profitable and most of the network are big players.
The crypto currency named NXT has had a 268%increase in last 30days
 

Scott.L

Top Contributor
Yes, ASX is building a new trading platform based on Bitcoin’s distributed ledger technology, the blockchain.

The outdated CHESS system is to be replaced, to enable greater protection against cyber crime, laundering, and settlement delays. It is rumoured that transaction will use Bitcoin or it's own cryptocurrency, much like using ethereums platform . Ultimately all cryptocurrencies will integrate with Bitcoin.
 

Scott.L

Top Contributor
A blockchain without a currency is doomed. You cant have a private blockchain and claim its trustworthy... the CSIRO is working on similar projects but realise the importance of using a currency such as ethereum and Bitcoin as an incentive to maintain security. The budget 2016 includes this technology and CSIRO and Data61 will join forces with the Australian Treasury to explore the potential of Bitcoin technologies which include, API's for using and configuring blockchains via ethereum, STRATO etc..
 

Scott7

Top Contributor
On a side note, just saw this event pop up by Melbourne Silicon Beach:

Melbourne Block Halving Party!
Melbourne Bitcoin Technology Centre (MBTC)
Level 1, 89 - 91 City Road, Southbank, Melbourne

http://www.meetup.com/Melbourne-Silicon-Beach/events/232271904/
I had a good night at the Bitcoin party and met some interesting people. One bloke I spoke with had over 200 bitcoin at Mt Gox when it collapsed - ouch!
There were a lot more in attendance than were registered via Meetup. Didn't see any other DNTraders. Did anyone else make it?
 

Scott7

Top Contributor
The Blockchain Christmas party is happening on Wednesday 14th December, 7 pm at the Blockchain Centre (formerly Melbourne Bitcoin Centre). With the Bitcoin price currently around 1040 AUD it's a good time to celebrate. Further details and sign up info here.
 

Honan

Top Contributor
The Blockchain Christmas party is happening on Wednesday 14th December, 7 pm at the Blockchain Centre (formerly Melbourne Bitcoin Centre). With the Bitcoin price currently around 1040 AUD it's a good time to celebrate. Further details and sign up info here.
thx scott7 What is the full street address?
 

Community sponsors

Domain Parking Manager

AddMe Reputation Management

Digital Marketing Experts

Catch Expired Domains

Web Hosting

Members online

No members online now.

Forum statistics

Threads
11,098
Messages
92,044
Members
2,394
Latest member
Spacemo
Top