Current Block Times Suggest Bitcoin’s Halving Is Coming Sooner Than Expected
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....
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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....
In the next couple of years, Bitcoin price is expected to see a drastic variation from the current levels of $290. While the fundamental factors such as the support of national governments may take Bitcoin past $500, an increased number of Bitcoin thefts and scams will undo the good work and may cause irreparable damage to the investors, both potential and existing. The Bitcoin market also has one major event coming up during the next couple of years; the halving of the block mining reward to 12.5 Bitcoins per block. At present, a successful miner is rewarded with 25 Bitcoins per block.....
Bitcoin halvings are important events that have taken place since the digital asset was first launched in 2009. Since then, there have been a total of three halvings that have seen block reward cut down by half each time. The next bitcoin halving will happen in 2024 which means that the market is halfway there. As this fourth halving draws close, we take a look at how this affects the supply of BTC and in turn, the value of the cryptocurrency. Fourth Halving Coming Up The bitcoin halving is scheduled to happen every 210,000 blocks and the estimate for the next halving is put at May 4th,....
Could block reward halvings scheduled for the coming year prove beneficial for the valuations of these four cryptocurrencies? Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings. Past attempts to predict when Bitcoin’s (BTC) price would increase in relation to halvings have proved inconsistent at best. However, few would be willing to quickly discount the mechanisms described in....
A milestone in Bitcoin’s history, the block reward will be halved for the second time today. Where the first “halving” cut the mining reward from 50 bitcoins to 25, for the next four years miners will only earn 12.5 bitcoins for each block they find - not counting mining fees. This means that the sensational “25 bitcoin”-era is coming to an end. Since to the last halving almost four years ago, Bitcoin’s experienced spectacular growth, in every conceivable way. Bitcoin Magazine took a look at how the industry has grown and matured over the last 4 years.