When Is Bitcoin Halving Going To Happen

There will only ever be 21 million bitcoins. The bitcoin halving explained unlike fiat currencies which can be printed by central banks at will the supply of bitcoin is limited algorithmically. After all unlike forks halvings are supposed to happen rather than allowed to happen.

However if you ve been around a little longer you ve already been through one or even two halvings before. If you re new to the scene that might sound scary as you may have heard the prices will go up. Bitcoin is scheduled to halve next year.

This halving of bitcoin could well have a strong impact on the price of bitcoin and start a strong bull trend for the. For bitcoin itself the third halving in its history is scheduled for may 2020. When will the halving.

Originally those mining for bitcoin btcusd 1 15 were rewarded with 50 coins every 10 minutes but that reward was cut in half to 25 bitcoins in 2012 and to 12 5 in 2016. One year after it boomed to over 1 100. The first halving occurred on the 28th of november 2012 and back then the price of 1 btc was around 11.

To do so we need to take a look at the bitcoin halving dates history and see what happened when the two previous halvings took place. Just over 17 months prior to the record value being hit the cryptocurrency had undergone a rare event called a halving which some analysts claimed had a profound effect on the market. To explain what a bitcoin halving is we must first explain a bit about how the bitcoin network operates.

Bitcoin s halving is set to occur on may 11 2020 at around 4 pm est. Bitcoin halvings will occur once every 210 000 blocks roughly every four years until the maximum supply of 21 million bitcoins has been released. A bitcoin halving is when the reward for mining new blocks is halved meaning miners receive 50 fewer btc for verifying transactions.

The bitcoin halving one of the most anticipated events in the crypto world finally happened today at 19 23 utc by antpool.