Bitcoinclock.com Website Review

New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a halving. In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower. In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs. In the image below, the vertical green lines indicate the previous two halvings (2012-11-28 and 2016-7-9 In the image below, you can see Bitcoin's inflation rate during each period. Each halving lowers Bitcoin's inflation rate. The orange line is Bitcoin's inflation rate during a given period, while the blue line is The Bitcoin halving is scheduled in block height, not date. The reward halves every 210,000 blocks. The 2020 halving will happen on block 630,000. The 2024 halving will happen at block 840,000. that miners will shut down after the halving. The reality is most miners are very smart and price in the halving, so they don't end up The 2024 halving will likely occur between March 2024 and June 2024. This section will take a look at the previous two halvings. The current Bitcoin block reward is 12.5 bitcoins per block. When block 630,000 is hit in 2020, the reward will drop to 6.25 bitcoins Thousands of Bitcoiners across the world celebrated the 2016 halving. There were parties When party events are posted, we'll keep track of them here! All 21 million bitcoins (BTC) will be mined by 2140. But more than 98% will be mined by 2030. around August 2019. The Litecoin reward per block will decrease from 25 LTC per block to 12.5 LTC per block. Litecoin's block reward halves