Progress Toward Bitcoin’s Halving Is 60% Complete, Block Times Suggest Reduct...
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023. Faster Block Intervals Suggest Bitcoin Halving Could Happen in 2023 Just recently, at block height 757,214, mined on October 5, 2022, Bitcoin’s total hashrate tapped an all-time high (ATH) at 321.15 exahash....
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Bitcoin’s hashrate has been running hot despite the lower prices and the recent difficulty increases. In fact, blocks are being discovered faster than the ten-minute block interval average and because of this factor, the network’s reward halving may come sooner than expected. While some halving counters that simply leverage the ten-minute average note the halving is expected in May or April 2024, halving counters leveraging precise block interval times show the halving event could happen as early as March 1, 2024. Block Intervals Show Halving Date Could Be Much Closer Than....
The approaching halving of Bitcoin’s block reward is the subject of much optimism among Bitcoin enthusiasts and price speculators. Hardcore believers, uncaring about its exchange rate, look forward to the “halvening” as a milestone in Bitcoin’s history. Each block reward halving represents a triumph for Bitcoin, for they signify that Bitcoin has remained relevant enough for mining to continue. Speculators, on the other hand, look to the halving as a source of hope. Since the block reward will be cut in half, supply will not grow as rapidly. This fact leads many to believe that the Bitcoin....
The Halvening (sometimes referred to as “the halving”) is the moment when Bitcoin’s block subsidy gets cut in half. The halving of Bitcoin’s block subsidy occurs every 210,000 blocks (roughly every 4 years) and is a key feature of Bitcoin. It is because of the halving of the block subsidy that ...
Just as Bitcoin’s block reward halved in the past, Litecoin will undergo the same same process on Tuesday, August 25th. In anticipation of the halving, the Litecoin Association says that it is a milestone in the cryptocurrency’s 4-year history. The association also released a video that elaborates the entire process of Litecoin’s halving, informing that after the halving, Litecoin will reward miners with 25 coins rather than 50 coins per block. The video also explains that the halving process happens every four years for both Litecoin and Bitcoin, as dictated by their respective protocols.....
Bitcoin is now 86% through on the path toward the next halving. Here’s what the last two cycles looked like at the same mark in their lifespans. Bitcoin Progress Towards Next Halving Has Now Hit 86% In a post on X, the BTC cycle analyst Root posted an update on the halving progress of the […]