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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 19-20, 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.

What is bitcoin halving 2024?

In the most recent April 19, 2024 halving, the reward dropped from 6.25 to 3.125 BTC per block. In the 2028 halving, the reward will drop from 3.125 BTC per block to 1.5625 BTC. What is the Significance of the Bitcoin Block Halving? The halving decreases the amount of new bitcoins generated per block.

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