The second in the history of Bitcoin halving held
Halving or Halving awards for miners mined unit held. Volatility rate Bitcoin against this background was 5% for the day.
Block under the number 420000 was produced by the Chinese miner F2Pool about 19.45 MSK on. The next block was produced after only 14 seconds, another Chinese miner BTCC Pool, according Blockchain.info.
Reduction unit awards occurs every 210,000 units. Previous halving that was the first in the history of Bitcoin, held in November 2012.
Previously, miners award was 25 bitcoins. Next halving, when the award will be reduced even doubled from 12.5 to 6.25 Bitcoin, expected in mid-2020.
The main attention was focused on how to behave bitcoin exchange rate against the backdrop of halvinga. According to experts, assessing the impact of this event on the price cryptocurrency market, disagreed. Most analysts agree that halving lead to an increase in prices Bitcoin. This is due to the fact that the rate of production decline bitcoins, and cryptocurrency demand will grow.
Others suggested that the price, on the contrary, will go down as halving provoke kriptovalyutnyh sale of assets from investors and large holders who may be afraid of the potential risks associated with the reduction of the remuneration Miner.
Immediately after the announcement that the halving held, rapidly Bitcoin price has fallen to 5%, with daily peak of $ 661.44 to $ 629.87. But soon cryptocurrency won back the fall and returned to the level of $ 639.
One of the main concerns about halving - is mayningovyh centralization of power in the hands of the largest players. For a system whose basic principle - is decentralization, which means the appearance of a certain strength, able to exert a controlling influence on the entire Bitcoin system. In addition, the reduction of fees in half and can lead to the departure of a number of mining companies whose costs will not be covered by new revenue. Thus, Swedish miner KnCMiner in May filed for bankruptcy, and among some of the reasons for withdrawal from the market called KnCMiner coming halving.
Meanwhile, social networks were filled with pictures of bitcoin enthusiasts celebrating halving, which, according to many, marks the beginning of a further increase in the cost cryptocurrency. Thus, the investor and bitcoin evangelist Rev. Roger posted on Twitter a video from a party dedicated halvingu.
Co-founder and CEO of the manufacturer of equipment 21 mayningovogo Inc. Balaji Srinivasan halving compared with the New Year celebration.