Breaking News: Next BTC Halving is Less Than 100 Blocks Away

Crypto News – The Block’s Bitcoin Halving Countdown page indicates that the next halving event for Bitcoin is now less than 100 blocks away.

Breaking News: Next BTC Halving is Less Than 100 Blocks Away

As of right now, it could take until just after midnight on April 20 to achieve the halving block height of 840,000, according to the anticipated countdown, which is based on Bitcoin’s average block production time of 10 minutes. Every 210,000 blocks, or roughly every four years, Bitcoin is scheduled to automatically halve. For each block of transactions that miners add to the blockchain and mine, they are rewarded with 50% fewer bitcoins after a halving event. For every block mined, they still receive extra transaction fee incentives, nevertheless.

Halving Events Expected to Continue Until 2140

In the history of Bitcoin, there have been three halving events: in 2012, the block subsidy inflation was reduced from 50 BTC to 25 BTC; in 2016, the amount was reduced to 12.5 BTC; and on May 11, 2020, there was a final halving of 6.25 BTC. Due to the most recent halving of Bitcoin, miners on the network will receive a subsidy payment of 3.125 BTC per block instead of 6.25 BTC. 

The halving events will go on until the final Bitcoin is anticipated to be mined in 2140 or something. Miners will only make money from transaction fees after this. The halving’s effect on less productive mining operations and, consequently, the overall network metrics after the subsidy decrease is still unknown, despite the fact that miner incomes have increased this year due to the growth in bitcoin’s price.