THE HALVENING

in #bitcoin • 8 years ago (edited)

What effect will the late July 2016 block reward halving have for bitcoin? The rate of block creation is adjusted every 2016 blocks. The number of bitcoins created decreases by 50% every 210'000 blocks, approx every four years, and will do so again in less than a month. The countdown can be viewed here http://www.bitcoinblockhalf.com/ Currently miners are rewarded will 25 bitcoincreated per block of transactions found. Come block 420'000 what impact will this have on the price of bitcoin and indeed on mining?

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Antonopoulos Bitcoin Q & A:

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8 years ago in #bitcoin by
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