$105,562.00
0.24%$2,628.43
1.18%$2.25
2.67%$669.41
0.27%$156.77
-1.37%$0.999768
-0.00%$0.196323
0.69%$0.268586
-0.34%$0.69638
0.60%$2,627.50
1.23%$105,456.00
0.28%$36.65
2.20%$3,164.65
1.28%$3.28
-0.63%$14.35
1.87%$21.48
1.43%$0.274347
1.04%$8.99
4.99%$404.55
0.07%$3.20
0.59%$0.00001312
-0.30%$0.17293
0.70%$0.999688
-0.01%$2,627.61
1.25%$90.68
1.54%$2,808.86
1.11%$4.20
1.49%$344.84
-3.54%$1.001
0.06%$1.001
0.06%$4.83
0.70%$0.0000124
-1.44%$0.651192
0.69%$105,497.00
0.25%$31.35
-0.02%$267.07
4.69%$6.69
5.97%$396.20
1.13%$1.18
0.06%$4.99
2.19%$2.54
1.56%$0.101527
-1.70%$50.23
0.79%$1.00
0.00%$5.35
4.82%$188.71
-1.41%$0.858794
1.20%$17.75
1.79%$1.054
0.01%$31.59
0.84%$19.34
-0.64%$0.088123
-1.27%$0.67969
-0.01%$11.18
-0.36%$1.001
-0.18%$0.828593
5.93%$0.02482209
0.40%$3.94
-0.22%$4.45
0.27%$0.342855
5.01%$0.217443
0.56%$105,280.00
0.34%$4.42
-0.04%$1.19
0.72%$0.368253
3.05%$2.64
0.58%$0.199927
0.56%$115.35
6.95%$0.546391
0.95%$0.99867
0.01%$2,628.26
0.87%$4.47
-0.40%$2.27
0.73%$11.19
-0.31%$165.53
-1.52%$1.00
0.08%$0.00001694
-3.03%$0.409875
-0.54%$13.03
5.58%$1.94
-0.30%$1.25
0.08%$2,991.81
1.26%$0.01835192
-0.47%$0.788092
1.92%$4.23
0.91%$2,750.69
1.33%$0.668974
0.81%$1.17
8.46%$0.200632
0.28%$0.580781
1.66%$1.062
-7.48%$0.659178
0.96%$0.999833
-0.27%$1,895.43
8.58%$0.999672
0.02%$0.060248
1.28%$0.976725
1.53%$105,367.00
-0.05%$2,796.83
0.94%$2,755.76
1.68%$0.69354
1.22%$0.098348
0.69%$1.001
0.02%$669.09
-0.05%$2,760.14
1.35%$105,618.00
0.46%$53.37
-2.17%$0.00008724
-1.23%$3,361.14
-0.05%$173.96
-1.45%$105,989.00
0.86%$3,374.60
0.08%$0.798713
1.89%$2.42
1.24%$0.865832
1.17%$0.01733686
-0.11%$202.81
-1.50%$21.85
1.77%$0.01494885
-2.49%$0.188214
0.34%$0.705015
-1.06%$0.122278
1.03%$0.285821
1.38%$4.29
0.61%$2.37
-2.02%$0.00000069
-0.41%$34.25
0.70%$0.999941
-0.03%$0.497197
-1.22%$111.29
0.01%$0.114207
1.26%$0.01034039
-6.35%$105,194.00
0.03%$1.86
5.37%$0.997398
-0.03%$2.01
0.06%$0.590952
1.16%$0.378828
1.16%$1.69
-0.44%$3.19
-1.70%$1.091
-1.18%$2,628.05
1.23%$0.720284
4.20%$2,626.98
1.22%$0.565008
-0.20%$0.01632487
5.97%$2,750.31
0.00%$1.10
0.06%$0.288837
2.09%$0.054516
2.20%$9.52
3.80%$2,802.16
1.07%$1.00
-0.00%$1.80
0.78%$105,605.00
0.29%$2,837.65
1.15%$0.195942
0.18%$2,627.85
1.26%$105,177.00
0.16%$0.188639
-4.80%$0.998643
0.02%$36.68
2.82%$0.141979
1.73%$0.437502
2.45%$0.00470873
1.87%$1.54
3.16%$0.051308
12.85%$0.999797
-0.01%$16.04
0.62%$0.577057
-0.79%$0.063371
1.90%$0.542958
2.00%$1.11
2.75%$0.412885
-2.70%$6.76
3.81%$0.00002219
1.73%$6.22
0.95%$0.367875
-2.53%$0.00737553
3.38%$0.00000043
-0.26%$102,865.00
-2.17%$2.59
-0.50%$1.72
-9.73%$0.996673
-0.34%$37.23
1.87%$1.088
-0.01%$44.60
7.45%$36.68
2.86%$0.00437881
3.24%$1.22
2.71%$1.42
5.66%$0.079063
0.78%$0.00493204
-4.27%$2,629.99
1.44%$1.001
0.04%$0.999637
-0.05%$0.599354
-0.79%$0.04056205
1.21%$2,781.94
1.04%$0.151644
1.90%$0.384149
-4.29%$0.00000098
0.18%$0.082635
0.61%$0.149794
-0.72%$1.37
0.09%$2,891.49
1.18%$0.01885884
-0.62%$0.369802
-10.82%$132.54
1.00%$0.00414384
-0.21%$2,867.97
1.30%$0.00663722
0.67%$105,131.00
-1.95%$0.141123
9.45%$0.814356
1.54%$105,524.00
0.17%$0.999894
0.00%$0.0000608
0.52%$2,628.02
1.23%$0.03326107
-3.05%$0.217702
0.53%$7.92
-5.24%$21.43
1.10%$19.65
0.36%$0.327347
-0.76%$2,625.57
1.08%$0.999977
-0.01%$0.999755
0.01%$0.331369
-1.01%$0.693164
-0.90%$0.998834
-0.29%$0.523617
0.26%$169.81
-1.46%$2.56
2.44%$0.2203
2.13%$0.00430139
-2.14%$2.96
10.10%$0.00331911
-2.79%$0.648652
1.20%$0.00000142
0.78%$3.09
1.27%$0.999653
-0.03%$16.82
1.48%$1.71
2.48%$3,361.83
-0.16%$22.45
0.91%$0.27297
-1.18%$105,434.00
0.41%Reading
Bitcoin's quadrennial halving is almost upon us. With just 50 days to go until Bitcoin's mining reward is sliced in half, Decrypt takes a look at what happened during the last two halvings, and conjects on what we can expect this time around.
🔴 MAJOR MILESTONE
50 days left until next #BitcoinHalving
▓▓▓▓▓▓▓▓▓▓▓▓▓▓░ 96% pic.twitter.com/bShOKopYV3— Bitcoin Halving Countdown (@Bitcoin_Halving) March 18, 2020
In just over a month, Bitcoin's block reward will split in two, decreasing from the current reward of 12.5 BTC per block mined to just 6.25 BTC. The block reward is an amount of Bitcoin that is given to a miner when a new block in the blockchain is created. It’s designed to reward miners for running the network.
The halving will slash the amount of new Bitcoin being produced in half—slowing inflation and limiting the new supply of Bitcoin.
The inventor of Bitcoin believed scarcity could create value where there was none before. The Halving also known as the Halvening is due to occur sometime in May 2020. To understand it, we must understand the theory behind Bitcoin’s supply. We explore it more below. A bit about Bitcoin Bitcoin was revolutionary in that it could, for the first time, make a digital product scarce. This limited supply is one of the reasons the price of Bitcoin went from being worth nothing 10 years ago to $20,000...
Bitcoin's halving takes place approximately every four years—or once every 210,000 blocks have been mined. This process of diminishing supply will continue until every last block is mined, and all 21 million Bitcoin—or whatever's left of them—has been distributed.
The next halving is set to take place once again on May 6, 2020, and will mark Bitcoin's third-ever halving.
In mid-May 2020, the supply of Bitcoins issued as mining rewards will cut in half. The phenomenon is hardcoded into the Bitcoin protocol. It’s known as the “halving”, or the “halvening.” It happens every four years, and will continue to do so until the year 2140, when the last of the 21 million Bitcoins in existence will be mined into circulation. Historically, the halving has caused the price of Bitcoin to boom. On November 28, 2012, the day of Bitcoin’s first halving, the block reward was cut...
Bitcoin has undergone two halvings thus far. During the first cut, the mining reward decreased from a comparatively massive 50 BTC to 25 BTC per block mined. The second halving sliced the mining reward down to 12.5 BTC per block mined. Come May, Bitcoin's reward will halve once more—this time to 6.25 BTC.
Let’s just hope Bitcoin’s price doesn’t halve again.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The first satoshi mined on the Bitcoin blockchain after last week’s halving event, mined by Bitcoin mining pool ViaBTC, went up for auction—and fetched a sizable seven-figure sum. The auction of “epic sat” 1,968,750,000,000,000, hosted on the cryptocurrency exchange CoinEX, ended Thursday with a final bid of 33.3 Bitcoin ($2.13 million worth) winning the piece of Bitcoin history. It's not yet clear who won the auction. The auction of the Epic Sat began on April 20, the day after the halving, wit...
It's been roughly four days since Bitcoin (BTC)’s fourth halving event occurred, and market watchers have amassed enough data to give an early verdict on its effects. For one, Bitcoin’s supply inflation rate has collapsed, as expected. Each Bitcoin block—mined roughly once every ten minutes—now produces just 3.125 new BTC, half of its former 6.25 BTC block subsidy. Before the halving, 900 BTC was generated daily, fueling a 1.7% inflation rate. The new figures are roughly equivalent to 450 BTC pe...
Earn a free on-chain NFT by taking our course, "Bitcoin Halving 101: What it Means for Miners and Investors." Every four years, the amount of Bitcoin doled out to cryptocurrency miners halves in a process imaginatively known as the Bitcoin halving (or halvening, though the term has fallen out of favor in recent years). Here’s why—and how—it works. Bitcoin’s supply limit To understand the Bitcoin halving, we must first understand the theory behind its supply. The inventor of Bitcoin, Satoshi Naka...
