2024

Bitcoin

April

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<ul>
 <li>The Bitcoin halving event is near, with fewer than 100 blocks left.</li>
 <li>Bitcoin halving reduces mining reward from 6.25 to 3.125 BTC.</li>
 <li>Halvings ensure total Bitcoin supply won’t exceed 21 million.</li>
</ul>
<p>The Bitcoin network is nearing a crucial halving event, expected to occur just after midnight UTC on April 20, equivalent to 8 p.m. Eastern Time today. This event, which typically happens every four years and is calculated based on creating new blocks approximately every 10 minutes, halves the reward for mining Bitcoin. When the network hits block height 840,000, the mining reward for Bitcoin will be reduced from 6.25 BTC to 3.125 BTC per block.</p>
<p>Bitcoin halving occurrences will continue until the final bitcoin is mined around 2140, at this point, miners will only earn money from transaction fees. The fourth Bitcoin halving event is fast approaching, with fewer than 100 blocks left until it takes place.</p>
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   <p lang="en" dir="ltr">100 blocks remain until <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> halving</p>— Aden Herz (@AdenHerz) <a href="https://twitter.com/AdenHerz/status/1781341359498318237?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 19, 2024</a>
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<p><strong>The History of Bitcoin Halvings</strong></p>
<p>Bitcoin halvings are automatically scheduled to occur every 210,000 blocks, usually lasting about four years. This method cuts the payout for mining new blocks by 50% and is a key component of the cryptocurrency’s deflationary approach.&nbsp;</p>
<p>Since Bitcoin’s beginning, there have been three halving events. These occurred in 2012, 2016, and most recently in 2020, with the block reward gradually decreasing from 50 BTC to its current rate of 6.25 BTC. The upcoming halving will further reduce this subsidy to 3.125 BTC for each block.</p>
<p>This approach ensures that Bitcoin’s total supply will never surpass 21 million coins, seeking to protect the asset’s value from inflation in the long run.</p>
<p>This economic policy impacts the mining community by affecting profitability, Bitcoin’s market price, and investor behavior. As the halving date approaches, the cryptocurrency community remains vigilant, anticipating significant shifts in mining dynamics and market reactions.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/upcoming-crypto-halvings-ltc-dash-btc/" rel="noopener noreferrer nofollow">Countdown to Crypto Halvings: LTC, DASH, and BTC</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-halving-nears-94-progress-made/" rel="noopener noreferrer nofollow">Bitcoin Halving Nears: 94% Progress Made</a></li>
 <li><a href="https://cryptonewsland.com/controversial-1-28m-ethereum-reward-stirs-crypto-debate/" rel="noopener noreferrer nofollow">Controversial $1.28M Ethereum Reward Stirs Crypto Debate</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-halving-why-bitcoin-halving-matters/" rel="noopener noreferrer nofollow">Bitcoin Halving: Why Bitcoin Halving Matters</a></li>
 <li><a href="https://cryptonewsland.com/jack-dorseys-block-firm-eyes-bitcoin-mining-and-hardware-wallet-creation/" rel="noopener noreferrer nofollow">Jack Dorsey’s Block Firm Eyes Bitcoin Mining and Hardware Wallet Creation</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoin-approaches-halving-milestone-with-fewer-than-100-blocks-to-go/" rel="noopener noreferrer nofollow">Bitcoin Approaches Halving Milestone with Fewer than 100 Blocks to Go</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Approaches Halving Milestone with Fewer than 100 Blocks to Go

Crypto News Land

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