Bitcoin completed production by half, the currency price stability
Bitcoin has halved, we are still alive, this is bitcoin! The first 12.5BTC block by F2Pool has been mine pool (GMT) dug up at 17:46. Before half happen for half an hour, the price of bitcoin and hashrate fell by only 5%, at present seems to have remained stable.
The speculation has ended, all the possible changes in the value of bitcoins will probably happen in the next few months.
In the past few months, bitcoin has some fluctuations, taking into account the bitcoin price in 3 months rose from $420 to $630, and in June 16th was $789.78 (Bitfinex), so overall is positive.
So after bitcoin halved the future? Some people worry that the block will cause a decrease in reward most absenteeism up bitcoin mining industry, the speed drop caused by bitcoin blockchain, which in turn will lead to lower prices, prompting more absenteeism to escape, the worst case may lead to the demise of bitcoin (death spiral).
This is the worst scenario for bitcoin, however, is unlikely to be the market value of $10 billion 70 million in the first cryptocurrencies body.
The innovation and development of mining equipment, such as S9 or S7 ant mills.
Some people think that the new ASIC should be able to maintain the balance of supply and demand, to maintain good bitcoin blockchain.
Ant S9 is 14.5TH/s mills. However, because the supply is limited, so we should be in the next few months will see some floating, these fluctuations will affect all users and bitcoin related company.
CryptoCompare co-founder and CTOVladCealicu said:
“With half past, we expect the fluctuations in the price of bitcoin future will be a few weeks. There is a need to pay attention to the bitcoin mining contracts and mining operators to reduce processing block reward.”
However, there is one thing for sure, half has occurred, and what events did not happen. We still do not know who Nakamoto is, however, no matter whether he (she), or who they are, should bitcoin again in half survived, once again proved himself.