Bitcoin 2020 Halving Date

It will see the block reward fall from 12 5 to 6 25 bitcoins.

Bitcoin 2020 halving date. Bitcoin was created in 2009. The 2020 halving will happen on block 630 000. 24 may 2020 16 54 12 and this time the bitcoin s block reward will get reduced from 12 5 btc to 62 5 btc for the next 210 000. The last bitcoin halving took place on may 11 2020 and the next halving will likely occur in 2024 what is the halving how does it affect the price and what does it mean for miners and the.

Each halving reduces the speed at which new bitcoin is created reducing it by half. It happens roughly every 4 years. The next bitcoin halving is expected to occur in the week commencing 18 may 2020 when the number of blocks hits 630 000. Each halving lowers bitcoin s inflation rate.

The 2024 halving will happen on block 840 000. Visit coinmama to get up to date information and buy btc before the bitcoin halving takes place. However it s not just bitcoin that has a halvening event. Learn all about the bitcoin halving 2020 and how it will likely affect the bitcoin price.

The third halving event occurred on the 11th of may 2020 utc at block height 630 000 past halving price performance it is always a debate on what bitcoin will do in terms of pricing for a halving event. Each halving lowers bitcoin s inflation rate. Coinmama may 3 2020. So by that logic the next bitcoin halving day is slated to come on may 2020 eta date.

Check out the cryptocurrencies below and their halving dates. The orange line is bitcoin s inflation rate during a given period while the blue line is the total number of bitcoins issued. The bitcoin halving is a periodic event programmed into bitcoin. The exact date of the halving is not yet known as the time taken to generate new blocks varies with the network averaging one block every ten minutes.

The first halving was in 2012 the second was in 2016 and the third is due on 12 may 2020. The current annual bitcoin inflation is at 3 68 but after the 2020 halving the inflation will be cut in half to approximately 1 80. Bitcoin halving history suggests that the last bitcoin halving happened in july 2016 and it happens in roughly every four years. It will happen again in 2024 then 2028 etc.

The bitcoin halving is scheduled in block height not date. The bitcoin halving of 2020 will take place in may and pushes the block reward down from 6 25 bitcoins to 3 125 bitcoins per block. The previous halving for bitcoin happened on 11th of may 2020 at block height 630 000. The halving happens every 210 000 blocks.

The orange line is bitcoin s inflation rate during a given period while the blue line is the total number of bitcoins issued.