Bitcoin Halving News
Bitcoin halving is a process of dividing the number of generated rewards per block in order to maintain the total supply of Bitcoin, which will not exceed 21 million. Block rewards are the main engine of Bitcoin mining and, therefore, the main power behind the operation of the network. Bitcoin halving happens every 210,000 blocks and reduces the reward for 50 percent every time in a geometrical progression. The initial block reward in 2009 was 50 Bitcoins, the current Bitcoin reward is 12.5 coins and the process is expected to end in 2024 with all Bitcoins being issued. The next Bitcoin halving is expected to happen in May 2020 and will decrease the reward to 6.25 coins. Bitcoin halving is a crucial part of Bitcoin and most other cryptocurrencies, as it is the main algorithm of emission control and a part of what makes Bitcoin successfully maintained without any authority.
Bitcoin is enjoying more mainstream popularity than ever in terms of Google searches, continuing a trend that sees interest closely tied to price volatility.
Google Searches for Bitcoin Spike After BTC Price Hits 6-Month Lows
Cash App will be buying 16% of Bitcoin’s new supply after the halving if the firm’s buying appetite doesn’t decrease and the asset’s price increase.
At Current Rates, Cash App To Buy 16% of New BTC Supply After Halving
Updated Bitcoin stock-to-flow model with deviation bands shows a few interesting patterns surrounding previous BTC halvings.
New Bitcoin Stock-to-Flow Chart Shows Bearish Periods Precede Halvings
American investor and co-founder of investment firm Morgan Creek Digital Assets Anthony Pompliano pointed out that only about three million BTC more will ever b...
The 18 Millionth Bitcoin to Be Mined This Friday, Only 3 Million Left
Jihan Wu, CEO of mining giant Bitmain, believes the next Bitcoin block reward halving may not lead to a bull market, but the coin’s price will grow in the long ...
Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO
7,850,000 bitcoins have now passed through the mining process, leaving just 3.15 million more.
Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply
Block reward halving “shock” at Bitcoin and Litecoin could be mitigated by merged mining, according to Binance Research.
BTC and LTC Halving ‘Shock’ May Be Mitigated by Merged Mining: Report