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BITCOIN MINER 4TH REWARD HALVING
What is the Reward Halving Event ?
As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). As of now, the block reward is 6.25 coins per block and will decrease to 3.125 coins per block post halving.
When have the Bitcoin halvings occurred?
- ● The first occurred on November 28, 2012, after a total of 5,250,000 BTC had been mined
- ● The second occurred on July 9, 2016
- ● The third occurred on May 11, 2020
- ● The forth is anticipated to occur mid-2024
Bitcoin's Long-Term Performance
Bitcoin Timeline of Key Events
Development Milestones, Hacks, Forks and Trends in User Adoption
Where is Bitcoin legal ?
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