Cryptocurrency which has an important place in the start of bull cycles in the markets Bitcoin block reward halving well What is Bitcoin halving?
What is Bitcoin Halving?
Each of the block rewards in Bitcoin code Every 210,000 blocks It is stated that it will be halved. Bitcoin halving In summary, it can be defined as a periodic reduction of the rewards given to miners per block. Halving is one of the main features of Bitcoin and it is very effective on the price.
210,000 with 0 blocks. Between blocks, miners were rewarded with 50 BTC per block. 210,000 on 28/11/2012. Upon reaching the block, this reward is 25 BTC, 420,000 on 09/07/2016. bounty on block 12.5 BTC, 630,000 on 11/05/2020. It dropped to 6.25 BTC on the block.
Accordingly, the next halving is 840,000. block and the BTC block reward will drop to 3,125 BTC.
When Is The Next Bitcoin Halving?
840,000 considering the current rate of extraction of blocks. We see that we have about 605 days left to reach the block.
Accordingly, the next Bitcoin halving is expected to occur in March 2024.
bitcoin Many factors such as miner activity in the network, network difficulty, hash rate may cause minor changes in this date. Therefore, the date should be considered approximate.
In the chart below, you can examine the price movements before and after the Bitcoin halving.
