Being as unsurprising as it gets, the reward halving in Bitcoin is an important event on many levels: it’s a historical milestone and a reason to recap on the progress made, a piece of news big enough to remind the public that Bitcoin is still here, and clear evidence of the predictable deflation that makes […]
On May 11th, block reward in the Bitcoin network was decreased from 12.5 to 6.25 BTC heralding the 3rd halving in the first crypto’s history. Block #630000, the first to bring a decreased reward, was mined by the AntPool mining pool. Crypto-industry stakeholders from around the world shared their opinions about the consequences of the […]
Bitcoin halving will keep happening at predetermined moments until there are 21 million coins. The thing is that it’s predetermined not in time, but in block height. The nearest halving is expected to happen in May 2020.
Halving is probably the most anticipated event of 2020 in the crypto-industry. It is a scheduled decrease in block reward from 12.5 to 6.25 BTC. Since the transaction fees comprise a small fraction of miners’ income, they will basically have half of the money cut out.
1 What is halving? Halving literally stands for halving the size of the miner reward for adding a new block to the blockchain. Satoshi Nakamoto hardcoded halvings on the Bitcoin network every 210,000 blocks (approximately every 4 years). 2 How many Bitcoin halvings have already happened? In Bitcoin network halvings were carried out twice: November […]
The week after bitcoin mining reward halving, ForkLog decided to compile a short overview on the history of mining methods.
Reward halving is about to happen in less than hour, and the community gets oversaturated with the opinions as to what will happen to bitcoin price and the cryptocurrency itself once it occurs. Still, halving isn’t the only thing capable of seriously impacting bitcoin price. ForkLog brought together all anticipated events that will definitely have […]
On June 6, bitcoin miners have produced block #415,000. It means that mining reward will halve in less than 5,000 blocks or 42 days.
The year 2016 will see twofold reduction in mining rewards for a found block.