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.