For some it’ll seem like watching paint dry, but today thousands of Bitcoiners will be mesmerized by their screens, watching the Bitcoin halving at 7 pm UTC (3 pm EST.) That’s when block 630,000 rolls around, the new supply of Bitcoin dramatically cuts in half, and we put those bold Bitcoin price predictions to the test.
— Bitcoin Halving Countdown (@Bitcoin_Halving) May 11, 2020
On July 9, 2016, the date of Bitcoin’s last halving, there were parties around the world: in Melbourne, Montreal, NYC, London, Dublin, Paris and more. They had a blast. Here’s a video from the 2016 HODL halving party in Tel Aviv (spoiler alert: lots of blocks get halved):
This year, with lockdown and social distancing, the parties will look very different, as doesthe context in which the Bitcoin halving celebration takes place. Butinterest in the halving is bigger than ever this time around. And to match, there are livestreams, parties, and, of course, swag. Here are some of the best places to watch the digital magic happen.
Bitcoin Magazine has non-stop coverage of Bitcoin’s third Halving with commentary, analysis, product giveaways, auctions and a live countdown.
Who’s going: Mastering Bitcoin author, Andreas M. Antonopoulos; Bitcoiner & Host of UntoldStories.com Charlie Shrem; Bitmex cofounder, Arthur Hayes; Lightning Labs co-founder, Elizabeth Stark, Bitcoiner American Hodl and plenty more.
Former Wall Street trader and Bitcoin maximalist Tone Vays is having his own party. Two hundred plus people are already waiting on his channel with just a couple of hours to go, so it looks like it will be popular.
Pizza, Beer, and The Bitcoin Halving Presented by Gemini & BlockFi. Image: Gemini/BlockFi
When: From 10 pm EST
Where: Sign uphere, links and instructions sent by email.
Morgan Creek co-founders Jason Williams and Anthony Pompliano will be livestreaming leading up to the third Bitcoin halving. We’re promised “lots of pizza, probably too much beer, and a hell of a good time."
More a conference, than a halving celebration, but there are three stages; interactive sessions, virtual networking, and a virtual exhibition.
Who’s going: Blockware Solutions cofounder, Matt D’Souza and Head of Business Development at Unchained Capital, Parker Lewis are on at the expected halving time.
When: From 2pm UCT until the 210,000 block is mined.
Where: Sign uphere, links and instructions sent by email.
Hosted by blockchain media company, Bits And Tokens. This event promises speakers (not listed); four different Bitcoin themed destinations to visit and mingle with developers, founders, miners, traders, and gamers. Plus giveaways, including Sheildfolio Stonebooks, Ghost Pens and cold storage wallets.
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...
