22 Sep '12, 12pm
What happens once mining reward gets cut in half? #bitcoin
Who knows? This is purely experimental but free market laws predicts that halving the bitcoin will make bitcoin worth more within an undetermined range of time. Of course this gonna gives a shock to mining operations. Small miners who cannot afford the mining operational cost will simply stop mining until the prices increase and then start mining again. I don't think the prices will soar though but maybe there will be a speculative bubble with a correction following.