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Bitcoins

Discussion in 'General Chat' started by helloworld, Nov 18, 2013.

  1. Honan

    Honan Membership: VIP

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    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 ?
     
  2. Scott7

    Scott7 Membership: Trader

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    Bitcoin Halving Countdown
    Providing demand stays the same or increases, with less coins being mined, the price should go up.
     
  3. Scott.L

    Scott.L Membership: Trader

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

    Honan Membership: VIP

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    Thx Scott and Scott
    Is it not the same number produced in twice the time?
     
  5. Scott7

    Scott7 Membership: Trader

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    At the moment, miners receive 25 bitcoin for every block of transactions found. After the halving, it will reduce to 12.5.
     
  6. Honan

    Honan Membership: VIP

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    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
     
  7. Bacon Farmer

    Bacon Farmer Membership: VIP

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    The potential ASX use of blockchains doesn't have any benefit for Bitcoin does it?
     
  8. Scott.L

    Scott.L Membership: Trader

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    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    The outdated CHESS system is to be replaced, to enable greater protection against cyber crime, laundering, and settlement delays.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.
     
  9. Bacon Farmer

    Bacon Farmer Membership: VIP

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  10. Scott.L

    Scott.L Membership: Trader

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    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..
     
  11. chris

    chris Administrator

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  12. Scott7

    Scott7 Membership: Trader

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  13. Scott7

    Scott7 Membership: Trader

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    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?
     
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  14. DnEbook

    DnEbook Membership: VIP

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    The tram wouldn't accept my bitcoin ....
     
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  15. Scott7

    Scott7 Membership: Trader

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  16. Scott7

    Scott7 Membership: Trader

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    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.
     
  17. Scott.L

    Scott.L Membership: Trader

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    Its been a good ride - I went a little nuts buying Ethereum recently
    Anyone using steemit.com
     
  18. Honan

    Honan Membership: VIP

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    thx scott7 What is the full street address?
     
  19. Scott7

    Scott7 Membership: Trader

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    Level 1, 89 - 91 City Road, Southbank (Map)
     
  20. Scott.L

    Scott.L Membership: Trader

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    ETHEREUM @ time of posting Dec 16 $7.16 USD
    ETHEREUM today May 17 @ $130.00 USD
    Just saying...keep up

    upload_2017-5-20_21-20-10.png
     
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