Bitcoin halving event now just a month away, expected to occur on 4/20 | Headlines | News | CoinMarketCap
03/20/2024 21:21
Bitcoin’s next halving event is now just a calendar month away with approximately 4,450 blocks to go, according to estimates from The Block’s Bitcoin …
The Block19 minutes ago
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Published on March 20, 2024 14:01 GMT+00:00edited on March 20, 2024 14:04 GMT+00:00
Bitcoin’s next halving event is now just a calendar month away with approximately 4,450 blocks to go, according to estimates from The Block’s Bitcoin Halving Countdown page.
The estimated countdown is based on Bitcoin's average block generation time of 10 minutes, setting a potential date of April 20 at around 8 a.m. EDT at the current pace. Bitcoin’s next halving event will see the reward for miners on the network drop from 6.25 BTC to 3.125 BTC per block.
Bitcoin halvings are programmed to occur automatically every 210,000 blocks — roughly every four years. Once a halving event occurs, miners receive 50% fewer bitcoins as a reward for every block of transactions they mine and add to the blockchain. However, they continue to earn additional transaction fees for each block mined as …