What is a bitcoin halving?

The day the amount halves is called a "halving" or "halvening". In the 2012 halving, the amount of new bitcoins (BTC) issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 BTC to 12.5 BTC. In May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.

When does bitcoin halving start?

Around April 16-17, 2024, the block reward will be reduced from 6.25 Bitcoin per block to 3.125 Bitcoin per block. What is the Bitcoin halving? Every four years, on the halving day, the amount of new Bitcoins created gets cut in half.

When did bitcoin halving start?

The period between the Genesis block and the first Bitcoin halving in 2012 can be called the pre-halving period. This period lasted from the launch of Bitcoin on January 3, 2009, until November 28, 2012. The Bitcoin protocol started off by providing a 50 BTC block reward to miners.