Quote from: Sultanen on February 13, 2014, 01:15:26 AM

Quote from: Cor2 on February 13, 2014, 01:05:43 AM

Quote from: UdjinM6 on February 12, 2014, 03:29:58 PM

... Actually just one and a half month ago or so everyone thought that reward halving at 100,000 is terrible dev mistake and it's gonna kill DOGE. And I was the one too. Roll Eyes

EDIT: btw what about 200,000? Wink

You can read in the very first post on page 1 of this thread when the reward will change
(Hint: it halves at 100,000 - now just over a day away - and it halves again at block 200,000...)
The effect is likely that network hash rate goes down for some miners find it not interesting to mine,
so the diff will go down, making it relative easier for the remaining miners to find blocks, which will
compensate for the lower rewards.
*by design* the block find time will stay at 1 minute avg, so the net effect will be that the supply
(dilution or inflation) of Doge will be cut in half.
That will mean lower "sell" volume on exchanges and this could have positive effect on price (increase).
Today there are 30 million new Doge generated every hour, after tomorrow only 15 million/hour...
But we will see if that has the effect that we expect. Time will tell.

Actually the price doesen't need to get up that much higher to still be interesting for miners, at a price of 283 it has a profitability of "88" at multipool.us To still be in the top 5 coins (lowest is "57" atm) after the block half the price would have to reach aprox. 366 satoshi. Its not out of reach tbh =)

hmm... I'm thinking of it in that way: less coin -> less profitable -> less miners (hashrate) -> less diff -> more profitable again -> more miners (hashrate) ...and so on...
so it's always ok for miners and there's no really huge place for price in that chain. it's just some coefficient of how much this states changes and the price only matter of market.