Bitcoin has now successfully undergone its fourth halving event, with miners’ block rewards slashed in half again (from 6.25 to 3.125 BTC). The Bitcoin halving (also called “the halvening”) is programmed to happen every 210,000 blocks – approximately every four years.
With miners set to receive 50% fewer BTC, the rate of Bitcoin creation will also be slowed down. Miners will now produce 450 BTC per day compared to a daily production average of 900 BTC prior to the halving.
The previous three halvings occurred in 2012, 2016, and 2020, significantly reducing mining rewards over the last decade. In 2012, the first halving event saw the reward for mining a block drop from 50 to 25 BTC.
While the latest Bitcoin halving occurred at a block height of 840,000, the next one is expected at a block height of 1,050,000 (most likely in the first quarter of 2028). The halvening will continue until around 2140 when the last Bitcoin is mined.
How Will Bitcoin Halving Impact The Cr
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