Bitcoin halving is an event that occurs approximately every four years (every 210,000 blocks), where the reward for mining new blocks is halved, effectively reducing the rate at which new bitcoins are created. This process is a key feature of Bitcoin's design, ensuring its limited supply, and happened already three times, according to the schedule.
This market will resolve to the UTC calendar day, when Bitcoin's block #840,000 ("halving" moment) will be mined.
4/20 - April 20, 2024 - when the #EuropeanHalvingParty is happening
----------------------------------
available estimations at:
https://europeanhalvingparty.com
https://buybitcoinworldwide.com/halving/
https://bitcoinhalving.info/
https://www.bitcoinsensus.com/bitcoin-halving-countdown/
https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving
https://academy.binance.com/en/halving
https://www.bitdegree.org/halving/next-bitcoin-halving-dates
@BoltonBailey hey they might take over a day for the last block, huge winnings for the other option!
@BoltonBailey I totally neglected that, but realised after you made those bets. Lol, whoops. Should have noticed how unrealistic it was with only a few minutes left, but was not actually paying attention to what time UTC it was.
@Elliot_dev These are negative EV bets.
Also, there's a bug that causes me at least not to be able to bet whilst they're up - manifold crashes with a client application error. Gah.
@chrisjbillington Ok they're zero EV now. But will become negative EV again if a block is mined in the next few minutes.
@Elliot_dev No, the time taken to mine a block is exponentially distributed with a mean of approx 10 minutes.
@chrisjbillington All the counters ticking down on the tracking sites are lies, they should be static and only change when a block is mined lol. There's no way to know when the next block is coming unless you're the one who just mined it.
@Elliot_dev The most likely outcome is that you win these bets, it's true, since the probability of winning is high. But you overpaid for them, if you made similar bets that many times you would lose on average.
@deagol Ironically, I've been on top of my league this month due to being on the other side of a similarly stupid bitcoin bet lmao.
Ok bit of an alpha leak here, but I'm finding https://www.bitlisten.com/ very convenient for multitasking trading on this with other things
How much control do miners have on when the halving happens?
@RanaG in current setup, basically zero. All of them can decide to not to mine next blocks or leave coinbase reward at the same reward (without halving) but that wouldn't be bitcoin, but some fork. Someone will for sure mine the bitcoin block 840000 with current rules, which say that after that block coinbase reward is twice smaller