The next halving in:d : h : m : s
A simple explanation of the most important
the crypto world.
In order to control inflation, the rewards paid out to miners for mining new blocks on the Bitcoin blockchain are periodically cut in half. Every 210,000 blocks that are mined (approximately every 4 years), the block reward decreases by 50%. This will keep happening until the block reward per block becomes 0 (approximately by the year 2140).
The goal of halving is to control inflation. Halving protects Bitcoin’s value because it controls supply by reducing the rate at which new coins are released into the network by miners.
Together with the fact that Bitcoin has a finite supply of 21,000,000 coins, the halving process addresses a major weakness of fiat currencies. Halving makes Bitcoin resistant to inflation.
After a halving, miners
can expect to earn
lower mining rewards.
Traders can expect
volatility and new
Maximum Bitcoin supply:
Bitcoins currently in circulation:
Bitcoins left to mine:
Before the first halving, the BTC price was around $11. A year later, it reached $1,100.
Before the second halving, Bitcoin was trading between $500 and $800. Afterward, the BTC price broke the $800 level and ended up peaking at $20,000 in December 2017.
Halving slows down the release of new Bitcoin
system. This planned scarcity, along
with Bitcoin’s utility,
should lead to Bitcoin price growth.