What is Halving:
Every 210,000 blocks mined, or about every 4 years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin's way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is In circulation. Halving will continue until 2140, after which the result will be less than one satoshi, the smallest bitcoin unit.
For the first 210,000 blocks, the mining reward was 50 bitcoins (BTC)
November 28, 2012. Bitcoin's block reward dropped from 50 BTC to 25 (BTC)
The second was on July 9, 2016, dropping the block reward from 25 BTC to 12.5 (BTC)
The third was in 11, May 2020, dropping the block reward from 12.5 BTC to (6.25)
On this page you can see in real time when the next Bitcoin halving will occur:
Next Halving May 2024
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