The Bitcoin Halving is an event that happens every four years where the number of bitcoins rewarded to miners for every block mined is cut in half. The last Bitcoin Halving happened on July 9, 2016, when the reward for miners was reduced from 25 bitcoins to 12.5 bitcoins. The Bitcoin Halving is an important […]
When Was Last Bitcoin Halving
The bitcoin halving is a process that occurs every 210,000 blocks and reduces the rewards for miners by 50%. The next bitcoin halving is estimated to happen on or around May 2020. The first bitcoin halving occurred on November 28, 2012, when the reward for mining a block was reduced from 50 bitcoins to 25 […]
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What Does Halving Bitcoin Mean
What Does Halving Bitcoin Mean? The Bitcoin network is programmed to release a set amount of the digital currency every 10 minutes. This process is called “mining” as an analogy to gold mining. In order to maintain the supply of Bitcoin, and to prevent inflation, the release of new Bitcoin is halved every 4 years. […]
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What Is Bitcoin Halving
What is Bitcoin halving? Bitcoin halving is a process that cuts the rewards given to miners in half. This event happens every four years and it’s currently scheduled to happen on May 2020. Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain. At the time of the halving, the reward for […]
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