Guaranteed stops will cap your losses in the event of adverse price movements, even if there are liquidity problems in the underlying market. This chart examines moving averages and fibonacci sequences of the present market and compares them to similar data from the 2013-2017 bull run. Taking place around May 2020, the Bitcoin halving is a significant event wherein the number of bitcoins given during block rewards will again be reduced in half. Bitcoin halving 2020. A small premium is payable if a guaranteed stop is triggered. The Bitcoin halving time will shift somewhat since the actual mining speed deviates somewhat from estimates. The software requires computers in the network to compete to verify transactions – through a process known as ‘mining’ – and rewards them with a number of new bitcoins when they can prove that the transactions they have selected are valid. The block reward will drops from 12.5 to 6.25 bitcoins. Using a version of a stock-to-flow model which he calls S2FX, PlanB said Bitcoin could surge to an average price of $288,000. The next Bitcoin halving, which is expected to occur on May 22, 2020, will cut the block reward from 12.5 to 6.25. Bitcoin Block Reward Halving is known to be a highly bullish event primarily because it cuts down the supply of Bitcoin produced per mined block by half. The next Bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on May 27, 2024 05:56:31 AM UTC. At the Bitcoin halving 2024, the Bitcoin block reward is scheduled to drop from 6.25 Bitcoin per block to 3.125 Bitcoin per block. Nevertheless, the pace with which miners mine new Bitcoin continues to fluctuate. Indeed, shortly after Bitcoin’s price spiked to $230, but many attribute that to … PlanB, a prominent quant analyst, sees the price reaching $70,000 after the next bitcoin halvening. You do not own or have any interest in the underlying asset. When the maximum supply of 21 million bitcoins has been mined, users will no longer receive new bitcoins for verifying blocks. After halving, it will only be 6.25. One of Bitcoin's most anticipated events, the 2020 block reward halving, just transpired. The Bitcoin halving, or more accurately the “Bitcoin block reward halving” cuts the mining reward for miners in half. 18923). Additionally, it also shows that there are relatively few Bitcoin left to mine following this halving. Taking place around May 2020, the Bitcoin halving is a significant event wherein the number of bitcoins given during block rewards will again be reduced in half. IG is not a financial advisor and all services are provided on an execution only basis. Get to work in a fast growing industry. It has also raised serious discussions around the price of BTC. With that said, however, they were still the cause of substantial price increases. A similar, thing happens with Litecoin too, where Litecoin miners mine a Litecoin block every 2.5 minutes and receive 25 LTC as a block reward. You can speculate on the price of the cryptocurrency using derivatives such as CFDs, or buy the coins outright via an exchange. When is the next Bitcoin halving? Based on revenue excluding FX (published financial statements, June 2020). The Countdown to the Next Halving. Despite significant volatility, prices continued to rise over the course of the next year to reach $2526 on 9 July 2017. This guide answers both the questions “what is the Bitcoin halving” and “when is the Bitcoin halving”. Although eight years have since passed, the mechanics of this halving were more or less identical to the 2020 halving. Bitcoin halves due to the design of its software, which was created by a mysterious person or group using the assumed pseudonym ‘Satoshi Nakamoto’. Miners who support the most valuable and revered blockchain network in the cryptocurrency ecosystem will now earn half as much as they used to, 6.25 BTC per block, just as Satoshi Nakamoto designed. Bitcoin halvings are scheduled to occur once every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network. As anyone familiar with Bitcoin and the blockchain will know, cryptocurrencies differ from fiat currencies. Although May 2020 will see Bitcoin rewards cut in half from 12.5 coins per block to 6.25, 2024 is worse. The very last halving is expected to take place in the year 2140. In fact, miners will only earn as much as 6.25 BTC every 10 minutes. It will see the block reward fall from 12.5 to 6.25 bitcoins. Many have speculated that bitcoin’s price will rise in the weeks before and after the event. As such, it will take roughly until the year 2140 until the remaining Bitcoin block rewards reach 0. Let’s take a step back. There has previously been two previous mining halving events, meaning that the 2020 Bitcoin halving will mean 630,000 blocks have been mined. However, the Bitcoin halving time will probably shift somewhat - but will likely happen sometime during May 12th 2020. The above price chart shows Bitcoin’s impressive market performance in the wake of previous Bitcoin halvings. One of the main benefits of trading cryptocurrencies with derivatives such as CFDs is that you don’t take ownership of the underlying coins. This is a 50% reduction, effective instantly. Discover everything you need to know about the next bitcoin halving – including what it is, why it’s happening and how you can trade it. ABN: 84 099 019 851, Australian Financial Services Licence No. With IG, you’ll have access to guaranteed stops, which always close your trade at the precise level you specify – ensuring you know the exact amount you're risking on each trade. It is always a debate on what Bitcoin will do in terms of pricing for a halving event. The maximum amount of BTC that can ever exist is capped at 21 million. Many analysts believe that the Bitcoin halving could have a positive impact on the price of the premier cryptocurrency. That makes many leading experts and analysts optimistic about the next bitcoin halving that would take place on May 5, 2020. Some have also compared bitcoin to a pyramid (Ponzi) scheme for similar reasons, arguing that the system’s design has disproportionately rewarded users who got in early. Get access to life changing courses on Cryptocurrency and Blockchain. Block rewards were reduced from 50 BTC to 25 BTC. What will happen to the price of bitcoin due to halving can only be speculated, though experts have argued on both sides, some say a bull run is due, some are expecting a bear market. The Bitcoin halving, one of the most anticipated events in the crypto world, finally happened today at 19:23 UTC by AntPool. However, Bitcoin halving events continually reduce the Bitcoin mining reward. 2012 Halving. Although it could sound odd that nobody knows the exact date and time for the Bitcoin halving, this is deliberate. The block reward will drops from 12.5 to 6.25 bitcoins. Moreover, this is not just some temporary effect - the halving will irrevocably lower the continuous production of new Bitcoin. Bitcoin Halving through the History. With a fixed market cap of 21 million, every halving event makes Bitcoin a scarcer asset, giving a bump in its value because of the supply-demand dynamic. While Satoshi hasn’t explicitly explained the reasons behind halvings, many have speculated that the system was designed to distribute coins more quickly at the beginning to incentivise people to join the network and mine new blocks. Particularly, the first Bitcoin halving in 2012 saw Bitcoin’s price balloon to a high of $1,000 in November of 2013. ABN 93 096 585 410, Australian Financial Services Licence No. Australian CFD accounts opened from 15 November 2020 are provided by IG Australia Pty Ltd (Level 15, 55 Collins Street, Melbourne VIC 3000. It will see the block reward fall from 12.5 to 6.25 bitcoins. When Bitcoin was created in 2009, the initial reward was 50 bitcoins. If you choose this option, you will need to set up an exchange account and take responsibility for securing your cryptocurrency tokens in a wallet. This will be the third halving event in bitcoins decade long history. It is estimated that the last new bitcoin will be mined in 2140. Last Bitcoin Halving. That means you can place a trade whether you expect it to rise or fall in value. However, some of these price predictions are particularly ambitious. Find out more about trading bitcoin with CFDs. However, progressive investors should already be including this upcoming decrease in supply in their valuations. As it is well-known, historically, the market sentiment towards Bitcoin dramatically changes after each halving. Bitcoin … Following the Bitcoin halving time, the block mining reward will effectively be cut in half. As can be seen on the following chart, unlike the first and the second halving events, Bitcoin is not coming strong and bullish before the actual block reward reduction. Dave the Wave is a Bitcoin analyst and strategist who believes that the price of Bitcoin could rally to $110,000. In 2020 we saw the halving of Bitcoin mining rewards, which historically have had large impact on the Bitcoin price. After the next halving, the block reward will be reduced to 6.25 BTC. This means that the Bitcoin halving 2024 is far from the last one. The 2024 halving will happen on block 840,000. Bitcoin’s price surged from $576 on 9 June 2016 (a month before the halving) to $650 at the time of the event itself. It will see the block reward fall from 12.5 to 6.25 bitcoins. Bitcoin Halving Dates History . After months of increased discussions and speculation, the third-ever Bitcoin halving just took place at block number 630,000. 2024’s Bitcoin halving event will see the block reward sink to merely 3.125 coins per block. The next bitcoin (BTC) halving is likely to occur in May 2020 and could have a dramatic impact on the cryptocurrency’s price. Around this time, high leverage Bitcoin derivatives trading was starting to catch on, following the May 2016 With more than 40 years in trading and over 178,500 clients around the globe, we’re the world’s No.1 CFD provider.1 Open an account to stay up to date with the latest cryptocurrency news, and set alerts to notify you of significant price movements. When the block reward is halved, some users may calculate that their mining activity will no longer be profitable due to costs such as electricity and hardware. The next bitcoin halving is expected to occur in the week commencing 18 May 2020, when the number of blocks hits 630,000. Instead, the rewards will keep halving for over another century. — //Bitcoin ack (@BTC_JackSparrow) April 8, 2020. First and foremost, the two previous Bitcoin halvings were also common knowledge. The 2024 halving, or the fourth Bitcoin halving, will demonstrate even more clearly how rewards are dropping. It will be interesting to keep an eye on the cryptocurrency industry and markets following May 12th, when the 2020 Bitcoin halving will take place. The next Bitcoin halving is assumed to take place in the week of May 18, 2020 when the number of blocks reaches 630,000. Le halving de bitcoin le plus récent s’est déroulé le 11 mai 2020. This is something experts predict could set off a cryptocurrency rally - and will forever change the supply of Bitcoin. Learn how you could trade bitcoin with IG. Looking forward, the next halving will happen at block height 840,000. This massive price increase would dwarf anything previously seen, but is not entirely impossible. The mining reward will adjust from 12.5 BTC to 6.25 BTC. In this article, we will be taking a quick look at what a Bitcoin halving is. That makes many leading experts and analysts optimistic about the next bitcoin halving that would take place on May 5, 2020. Prices increased from $11 a month before the halving to $12 on the day of the event itself, continuing to rise over the course of the next year to reach $1038 on 28 November 2013. Whether or not this ends up happening largely depends on whether the market is pricing in the decrease in supply. Although the event will still reduce the block rewards by 50% (i.e. A German bank went even further and predicted a price of $90,000 per Bitcoin after May 2020. However, it’s important to remember that all forms of trading carry risk. Whenever it does take place, the Bitcoin halving 2024 will arguably cut the fresh supply of Bitcoin even more noticeably. After months of increased discussions and speculation, the third-ever Bitcoin halving just took place at block number 630,000. Specifically, Bitcoin is gearing up for its next Bitcoin halving event. We can usually verify your ID in just a few seconds. The first-ever Bitcoin halving event took place on November 29th 2012. The 2020 Bitcoin halving is a momentous event for the cryptocurrency industry. Bitcoin Halving Schedule. This means that the daily amount of Bitcoin that miners mine will drop. Yes, it will be possible to make money from the BTC halving by speculating on bitcoin’s price movements in the weeks and months surrounding the event. After weeks, months, or perhaps even years of anticipation, the Bitcoin halving is over. By 2016 the Bitcoin ecosystem had vastly matured compared to four years prior. Instead, miners “unlock” new Bitcoin through mining them, or by producing new blocks. Nevertheless, this is not the most outlandish Bitcoin prediction. When will Bitcoin halve? The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. The orange line is Bitcoin's inflation rate during a given period, while the blue line is the total number of bitcoins issued. This is a 50% reduction, effective instantly. Back at the time Bitcoin’s price was $13.42 and the halving didn’t seem to affect the price that much. Put simply, the event means that mining Bitcoin becomes more time and consequently resource intensive. So, while there will be opportunities for profit, you should never risk more than you can afford to lose. As fewer Bitcoins make it into circulation each day, week and year, Bitcoin’s inflation is automatically kept low. After the 840,000 block threshold, mining rewards will plummet to 3.125, and then eventually sink to 1.5625 Bitcoin per block. Specifically, a Bitcoin halving takes place after 210,000 blocks have been mined. Moreover, it shows that the next roughly four years following the Bitcoin 2020 halving are the last with significant rewards. Additionally, on November 28th 2012 the first Bitcoin halving occurred when block 210,000 was solved. 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. Your capital is at risk. The next Bitcoin halving is assumed to take place in the week of May 18, 2020 when the number of blocks reaches 630,000. The 2024 Bitcoin halving is not technically set for 2024. 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. A bitcoin halving (sometimes ‘halvening’) is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. At this pace, there is an average of four years between halvings with the next one due in mid-2020. Here is what analysts think comes next for the cryptocurrency. The next bitcoin halving is expected to occur in the week commencing 18 May 2020, when the number of blocks hits 630,000. New client: 1800 601 799 or helpdesk.au@ig.com, Marketing partnerships: marketingpartnership@ig.com, IG | Sitemap | Terms and agreements | Privacy | How to fund | Cookies | About IG. What will happen to the price of bitcoin due to halving can only be speculated, though experts have argued on both sides, some say a bull run is due, some are expecting a bear market. 2012 Halving. The orange line is Bitcoin's inflation rate during a given period, while the blue line is the total number of bitcoins issued. The next Bitcoin halving is officially happening when block #630,000 is mined or minted. His logic: a Stock-to-Flow model that says scarcity is proportional to an asset’s value (if not price). Additionally, on November 28th 2012 the first Bitcoin halving occurred when block 210,000 was solved. Bitcoin could surge to an average price of $288,000, the price of Bitcoin could rally to $110,000, Bitcoin will go on to hit $1 million per coin. Put simply, the market already knows that the Bitcoin supply will essentially be cut in half on May 12th. Halvening #3 brings it … Bitcoin is a cryptocurrencywith a controlled supply. That’s approximately 85% of the total Bitcoin supply. What is CFD trading and how does it work? Bitcoin halving dates When bitcoin first started gaining mainstream traction, the block reward was 50 BTC. The exact time for Bitcoin’s 2020 halving is currently around 03:30 UTC on May 12th. The first Bitcoin halving took place on November 28, 2012, which was a little over 3 years since the launch of Bitcoin. Although most are currently focusing on the upcoming Bitcoin halving event, they should still keep in mind the 2024 halving. Major facts about the bitcoin halving 2020: The halving is expected to happen in May/June 2020. As such, cutting crypto supply in half could likely lead to new price gains. The upcoming, or third, halving is scheduled to take place in May of 2020. The next bitcoin-halving event is expected to occur the week commencing 18May 2020. That time is estimated to be between May 13 to 24, 2020. Back at the time Bitcoin’s price was $13.42 and the halving didn’t seem to affect the price that much. Then to 12.5btc after halvening #2 in July 2016. However, they will continue to receive transaction fees – contributed by those making payments – as an incentive to verify transactions. The halving block was mined by SlushPool by a miner using a Radeon HD 5800 miner. Please ensure you fully understand the risks involved. Some people believe that the halving is already priced in by the market and thus there's no expectation for the price to do anything. When will Bitcoin halve? Please consider the Margin Trading Product Disclosure Statement (. The first Halving occurred on November 28th, 2012. Additionally, the last Bitcoin halving, back in 2016, cut this reward in half as well - to the current reward of 12.5 coins. This is due in part, according to Dave the Wave, to the Bitcoin halving and Bitcoin’s “boom and bust cycle”. Indeed, shortly after Bitcoin’s price spiked to $230, but many attribute that to … Furthermore, the cryptocurrency community is abuzz with various lofty predictions of astronomically high Bitcoin prices following the 2020 halving. However, please note that this date can vary, as the time taken to generate new blocks can also vary. This list is not exhaustive. Contracts for difference is a. popular way to speculate on bitcoin price movements because they enable you to go long or short. This limits the supply of new coins, so prices could rise if demand remains strong. The last Bitcoin halving took place in 2020 at block 630,000 on May 11, 2020 7:23:43 PM UTC. Whatever happens, the speed at which blocks are mined shouldn’t be affected as the software automatically adjusts the difficulty of verifying transactions to maintain a steady rate. Nevertheless, the Bitcoin halving time will occur once the block height reaches 630,000 blocks. The first halving occurred on Nov 26, 2012. This means that the production of Bitcoin will slow significantly after the Bitcoin halving time. The next halving is estimated to take place on the 12th of May. This will be the third halving event in bitcoins decade long history. The easiest way to trade bitcoin over the course of the halving is with derivatives such as contracts for difference (CFDs), which enable you to speculate on bitcoin price movements without taking ownership of the underlying coins. The next Bitcoin Halving will happen at block 630,000 and is expected to occur around May 11, 2020. However, it is entirely possible that this will shift to either March or May of 2024, if not even more. However, please note that this date can vary, as the time taken to generate new blocks can also vary. The second halving took place on July 9, 2016, again cutting rewards from 25 to 12.5. The alternative is buying bitcoins outright through an exchange. After the May 2020 Bitcoin halving event, the next predicted Bitcoin halving is due to take place in May 2024. The previous chart presents an intuitive overview of the supply of Bitcoin. At the time of writing, a bit more than 18,360,000 Bitcoin are currently in circulation. Get to grips with the basics of how to trade bitcoin with our step-by-step guide, Find out what sets IG apart as your partner to trade bitcoin. It can be seen both as a sign of maturity as well as a bullish signal. Block rewards were reduced from 50 BTC to 25 BTC. After the next halving of Bitcoin, this block reward will get reduced to 6.25 BTC, and this halving in Bitcoin happens after every 210,000 blocks have been mined on the Bitcoin’s blockchain. Particularly, there is no central authority that can “print” more Bitcoin. 1 As if that was not radical enough, however, PlanB recently came out with an even more aggressive Bitcoin halving prediction. Vous pouvez consulter ci-dessous l'opinion de notre analyste senior sur ce que cela pourrait signifier pour le cours du bitcoin dans les années à venir. Bitcoin’s next Halving event is expected to occur in May 2020, with various sources targeting a May 12th to May 16th date range. Based on revenue excluding FX (published financial statements, June 2020). Bitcoin halving 2020 will take place in June, and analysts expect this event to have a positive influence on the price of the cryptocurrency. The halving happens every 210,000 blocks. Learn more about cryptocurrency trading and how it works. The next Bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on May 27, 2024 05:56:31 AM UTC. Bitcoin-halving 2020. This also increases the chance of appreciating assets, just like lowering any type of inflation. 2020 Halving Completed. The dates when the bitcoin halving happened were: November 28, 2012; July 9, 2016 Moreover, PlanB suggests this could happen as soon as this year. Then to 12.5btc after halvening #2 in July 2016. Rather, it will take place when the Bitcoin block height reaches 840,000. Given the circumstances surrounding the first two halving events, it’s difficult to say for sure how the market will react to the coming halving of 2020. As such, he suggests Bitcoin will reach a price of $110,000 during the end of 2022. Vous pouvez consulter ci-dessous l'opinion de notre analyste senior sur ce que cela pourrait signifier pour le cours du bitcoin dans les années à venir. One should keep in mind that Bitcoin’s past price rallies were also extremely unpredictable. This means the Bitcoin halving 2024 will reduce the reward to just 6.25% of what it was in 2012. IG does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. The last Bitcoin halving took place in 2020 at block 630,000 on May 11, 2020 7:23:43 PM UTC. No list of Bitcoin halving predictions would be complete without including Dave the Wave, however. This event happens every 4 years until all 21 million bitcoins are mined in the year 2140. Bitcoin Halving through the History. However, it can still be interesting to take a look at some of the Bitcoin halving predictions. The next Bitcoin halving is officially happening when block #630,000 is mined or minted. At this time, the ETA of the reward halving event is May 12th 2020 at 03:30 UTC. The upcoming 2020 Bitcoin halving will likely take place on May 12th 2020, according to the current block mining trend. Use coupon code BLOG20 for 20% off. Consequently, the price of Bitcoin would rally following the 2020 Bitcoin halving - and as Bitcoin’s volatility falls. Likewise, the next halving — in July 2016 cut the miner reward to 12.5 BTC per block mined and in May 2020, the reward was automated reduced (halved) to 6.25 BTC per block. 515106). Enter your email and we will send it to you! The 2024 halving will happen on block 840,000. Previously, it was 12.6. We’ll go into how these events influence the price of BTC and what can we expect from the 2020 halving. Bitcoin Halving Schedule. However, it has suffered two halvings and the current reward stands at 12.5 BTC. A similar pattern emerged surrounding the first halving on 28 November 2012 when the bitcoin block reward dropped from 50 to 25 new bitcoins. Each halving lowers Bitcoin's inflation rate. Previously, it was 12.6. This is why observers are looking to see what the 2020 Bitcoin halving will do to the price of Bitcoin. Bitcoin rewards last fell on 9 July 2016 at the point of the second halving – an event which saw the block reward fall from 25 new bitcoin per block to 12.5 bitcoin. Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. You can reduce some of the risks associated with trading bitcoin by speculating on the cryptocurrency’s price with CFDs. According to the tweet: “The model predicts a bitcoin market value of $1trn after next halving in May 2020, which translates in a bitcoin price of $55,000.” Anyone keeping an eye on the cryptocurrency market will know that something big is about to happen. This may have fuelled boom and bust cycles in the past, with users hoarding coins only to cash out at key levels. Contracts for difference is a popular way to speculate on bitcoin price movements because they enable you to go long or short. Past performance is no guarantee of future results. While this has happened in the months before and after previous halvings – causing bitcoin’s price to appreciate rapidly – the circumstances surrounding each halving are different and demand for bitcoin can fluctuate wildly. The reason why investors were not able to accurate “price in” the eventual surge in Bitcoin’s price earlier is simple. Bitcoin halving dates When bitcoin first started gaining mainstream traction, the block reward was 50 BTC. However, any price rise will depend on how demand for bitcoin shapes up over the course of the halving. The halving block was mined by SlushPool by a miner using a Radeon HD 5800 miner. The last Bitcoin halving by the current date took place on 11 May 2020, causing the block reward to fall from 12.5 to 6.25 Bitcoins. A bitcoin halving works because of the network’s underlying blockchain software, which dictates the rate at which new bitcoins are created. A small premium is payable if a guaranteed stop is triggered. When you trade bitcoin with IG, you’ll be using CFDs to speculate on its price. Nevertheless, since the rate of bitcoin mining fluctuates, the exact date the halving event will occur is still unknown. In november 2012, it dropped to 25btc after the first halving. Bitcoin’s next Halving event is expected to occur in May 2020, with various sources targeting a May 12th to May 16th date range. The upcoming, or third, halving is scheduled to take place in May of 2020. La prime par bloc a baissé à cette occasion de 12,5 à 6,25 bitcoins. It will effectively reduce the reward to 6.25 coins per block. Under this theory, block rewards were programmed to halve at regular intervals because the value of each coin rewarded was deemed likely to increase as the network expanded. As such, it can be interesting to take a look at some of the most well-known or outlandish Bitcoin halving predictions. There is a clear parallel with much of the data. Trade Now. Some users may stop mining altogether if the price of bitcoin doesn’t rise to compensate, reducing the amount of processing power in the network. Specifically, a Bitcoin halving takes place after 210,000 blocks have been mined. Bitcoin Halving Dates History . Please consider the Margin Trading Product Disclosure Statement (PDS) before entering into any CFD transaction with us. Nevertheless, there are indications for the Bitcoin 2020 forecast that suggest this price increase is still waiting to occur. Perhaps just as importantly, the Bitcoin halving events also mean that crypto-inflation is kept in check. His logic: a Stock-to-Flow model that says scarcity is proportional to an asset’s value (if not price). Transactions are verified in groups called ‘blocks’ and the network is coded to halve the reward received by miners every 210,000 blocks. What will Bitcoin be worth after the Halving? The influence of the halving on Bitcoin . Currently, miners mine roughly 1800 Bitcoin per day - and this will drop to just 900 Bitcoin per day after May 12th. Or practise on a risk-free demo if you’d prefer. There is a total Bitcoin supply of 21,000,000, which miners continually unlock. La prime par bloc a baissé à cette occasion de 12,5 à 6,25 bitcoins. First, let’s cover some of the very basics. However, trying to predict if the next Bitcoin halving will have the same dramatic effects as the one in 2016 is not the easiest thing to do. The second Bitcoin halving, in 2016, set off a price rally that brought the premier cryptocurrency to $20,000 in 2017. At the moment, it appears that this event is set for late April of 2024. The second Bitcoin Halving reduced block rewards to 12.5 BTC in early July 2016. However, it has suffered two halvings and the current reward stands at 12.5 BTC. The Question Mark Prior To Bitcoin Halving of 2020.
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