Happy Halving to all! See you in 210,000 blocks 😉
With the Halving about 4 days away, it’s now very much the time to organize your Halving Party! Find yours in the list below.
The current estimated time for the Halving is: Saturday, 9th of July 2016 17:27:23 GMT.
Your party doesn’t appear in the list? Drop us a comment below and be sure we’ll add it soon!
Buenos Aires: http://www.meetup.com/Bitcoin-Argentina/events/232283091/
Porto Alegre: http://www.meetup.com/Porto-Alegre-Bitcoins-Meetup/events/231909807/
Tel Aviv: http://www.meetup.com/bitcoin-il/events/231962822/
(facebook link: https://www.facebook.com/events/167233333680024/)
Albany, NY: http://www.meetup.com/Capital-Region-Bitcoin-Meetup/events/232017055/
Ashville: NC: http://www.meetup.com/Asheville-Bitcoin-Meetup/events/232059102/
Atlanta, GA: http://www.meetup.com/Bitcoin-Atlanta/events/231216902/
Clearwater, FL: http://www.meetup.com/Tampa-Bay-Bitcoineers/events/232080919/
Chicago, IL: http://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/232155753/
Las Vegas: http://www.meetup.com/Las-Vegas-Bitcoin-Meetup/events/232239935/
Los Angeles, CA: http://www.meetup.com/Los-Angeles-Bitcoin/events/231050197/
Omaha, NE: http://www.meetup.com/Omaha-Bitcoin-Meetup-Group/events/230591613/
Jacksonville, FL: http://www.meetup.com/Jacksonville-Bitcoin/events/231580935/
St Louis, MO: http://www.meetup.com/St-Louis-Bitcoin-Users-Group/events/231565974/
San Francisco, CA: http://www.meetup.com/San-Francisco-Bitcoin-Social/events/228473627/
While still undetermined, the Halving Day has been slowly descending the month of July. Scheduled for the 11th in our last post, it now slipped to the 9th (22:27 GMT), showing that bitcoin miners are in good shape and keep increasing their computing power.
We are at time of writing 2,535 blocks away from the great Halvening and the Halving Day is fluctuating in a narrow margin. The network hashrate trend is up, so the date is more likely to come early than the opposite.
Let’s make some quick calculations:
Number of blocks remaining: 2,535
Days to the halvening with:
10 min block: 2535 * 10 / 60 / 24 = 17,6 days -> Halving on the 9th of July
9,5 min block (5% faster): 16,7 days -> Halving on the 9th of July
9 min block (10% faster): 15,9 days -> Halving on the 8th of July
The probability of running more than 10% faster is low, so there is a good chance that the Halvening happens on the 8th or 9th of July..!
As we come closer to the event we’ll make a more precise estimate and give the time for various places of the world.
Bitcoin Halving in 11,000 Blocks! Estimated date for Halving Day is July 11th, 2016.
In the past weeks network hashrate has calmed down a bit, and block production rate has followed accordingly. With only 76 days remaining at the time of writing, I would be surprised to see the Halving Day moving more than 3-4 days away from July 11th.
Stay tuned for more on the Great Halvening!
Now let’s talk about the upcoming Bitcoin Halving…