As Bitcoin’s block reward finally halved, a handful of Bitcoin enthusiasts took to the blockchain to share messages of thanks, hope, and Jeffrey Epstein conspiracy theories.
For many, yesterday’s halving inspired hope for the future. For others, it stood as a reminder of how far the industry had come. Some even decided to pay homage to the event by inscribing words of optimism and celebration directly onto the blockchain. And a few chose to throw a meme or two in there for good measure.
The Bitcoin halving happened yesterday. Image: Shutterstock.
Reading like the kind of clumsily graffitied message you'd spot on a dilapidated house, one conspiracy theorist—and Bitcoiner—donned their tinfoil hat and wrote: "Epstein didn't kill himself. End the FED. Last time below 10k."
Others aired toward more heartfelt messages.
"Happy Halving! Best wishes of prosperity and freedom to all. Will," wrote one.
"I hope covid-19 will end soon and world will be a better place. dog&cat forever," read another.
The Bitcoin halving, one of the most anticipated events in the crypto world, finally happened today at 19:23 UTC by AntPool. Miners who support the most valuable and revered blockchain network in the cryptocurrency ecosystem will now earn half as much as they used to, 6.25 BTC per block, just as Satoshi Nakamoto designed.
Today’s milestone occurred when the 630,000th block was mined, triggering a 50% reduction in the reward miners receive.
Miners will now receive only half as much Bitcoin per b...
Amid messages thanking pseudonymous Bitcoin inventor Satoshi Nakamoto, wishing for a happy halving, and hoping for an end to the coronavirus, one memo seemingly took a punt at a Bitcoin price prediction.
The message appears to forecast a higher-high for $58,192 in 2020, with a further climb to $148,000 by December 2021. It is also signed “SN”—a likely reference to Satoshi Nakamoto, or their own initials.
Still, even though the message is from some anonymous Bitcoin miner, it’s best to take anyBitcoin predictions with a pinch of salt—no matter who writes them.
The third Bitcoin halving occured today at 19:23 UTC, cutting the new supply of Bitcoin in half at block 630,000. But inside the penultimate block, 629,999, was a secret message, an homage to the origin of Bitcoin.
The Bitcoin halving 2020 just happened: Here’s what you missed
"NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue," the block reads. This text was written in the coinbase transaction, where the miner sends themselves the reward.
The final Bitcoin block wit...
As Decrypt reported yesterday, F2pool was responsible for the penultimate block (no. 629999) before the halving happened, writing a rather pertinent message.
"NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue," it read.
F2pool hid the message directly in the coinbase transaction. The message paid tribute to the message engraved into the Genesis block by Satoshi some 11 years prior.
So cool. Homage to Satoshi’s genesis block note: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. https://t.co/S4529boCv5
What’s old is always new again. The same underlying issues that insprired #bitcoin are still here and bigger today. https://t.co/UuFN5f5XQx
“So cool. Homage to Satoshi’s genesis block note: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. What’s old is always new again. The same underlying issues that inspiredbitcoin, are still here and bigger today,” tweeted Chris McAlary, CEO of Coin Cloud.
If only Satoshi was here to see it.
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Bitcoin Halving
A collection of stories exploring the halving of the Bitcoin mining reward and the implications for the wider community.
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...