Bitcoin halving schedule
The Bitcoin halving event cuts the block reward in half every 210,000 blocks, aiming to control the supply cap of 21 million coins. There have been three halvings since 2012, in 2016 and 2020, and they are expected to happen again in 2024 and 2028. Halving events reduce the supply of new Bitcoins, potentially causing their value to rise and affecting miner profitability.
Bitcoin Halving Schedule
The Bitcoin halving is a scheduled event that occurs during each mining When 210,000 blocks are produced, Bitcoin’s block reward will be halved. The halving aims to control the supply of Bitcoin to a pre-set cap of 21 million.
Halving schedule:
- November 28, 2012: Halving from 50 Bitcoins to 25 Bitcoins Coin
- July 9, 2016: Halving from 25 Bitcoins to 12.5 Bitcoins
- May 11, 2020: Halving from 12.5 Bitcoins to 6.25 Bitcoins
- Estimated April 2024: Halving from 6.25 Bitcoins to 3.125 Bitcoins
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Estimated March 2028: Halving from 3.125 Bitcoins to 1.5625 Bitcoins
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The impact of halving:
- Reduce the supply of new Bitcoins: Halving reduces the rate at which new Bitcoins enter circulation, thus controlling the supply.
- Increase Bitcoin Value: As supply decreases, demand for Bitcoin typically increases, driving its price upward.
- Impact on Miner Profitability: The halving will impact the profitability of Bitcoin miners because they receive fewer Bitcoin rewards.
Conclusion:
The Bitcoin halving is a critical event designed to control its supply and impact its value. The halving schedule provides predictable events that allow investors and miners to plan for the future and adjust their strategies. As the halving event approaches, the supply of Bitcoin will continue to decrease, which may further drive up its value and demand.
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