the second half of the third halving cycle. This one – like any other in the past or the future – has 210,000 blocks available to be mined, and half of them, 105,000 blocks, have been mined since May 11th, 2020.
After the next halving, currently scheduled to take place in Q2 2024, Bitcoin’s supply rate will decrease by 50%, likely causing another “supply shock.” Currently, roughly 90% of the 21 million BTC has been mined, and less than 7% of the total supply will be available as the networkAnother notable factor is the mining hash rate hitting ATH at 249.1 exahashes per second on Wednesday, slightly before the second leg of the cycle was up.
deepened. Higher hash rates indicate stronger computational power needed from miners. As such, the network itself has become more secure.According to Bitcoin’s system, the next halving – designed to trim the number of each block’s rewards by half – will occur in two years. Bitcoin miners who receive BTC for validating on-chain transactions will thereby only gain 3.125 BTC for each block they mine.that violent upward price action would usually arrive after each halving.
The halving is often interpreted as a bullish price signal because a so-called “supply shock” could push the asset much higher than before due to reduced issuance of new coins.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving – Bitcoin NewsThe mined block represents the halfway point to the next Bitcoin halving that is estimated to take place on or around April 27, 2024. Are you Ready? I will tell you the hamstercoin 2022 roadmap🐹 Hamsterswap🔄 Hamster Ecosystem♻️ Big Exchange Entry✅ Hamster NFT🎭 Hamster Metaverse💎 Major Exchange Entry👑 HamsterWallet💰 🌠🌠🌠🌠🌠🌠🌠🌠 Bitcoin is inevitable 😭😭😭 we hate halving.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin celebrates halfway to the halving with new hash rate recordBitcoin is now 105,000 blocks away from the next halving, while the hash rate is hitting new highs–the second time in months. What do you think about Bitcoin state at the moment, because its Fear and Greed index is 37 - FEAR with price of 36778.236140778201 usd? Our analytical team has done detailed BTC research, but we want to hear your opinion too. Hi sirs. Do you want to earn free coins $Ruby RubyPlayNetwork website has Spin2win game and users winning coins daily Look at it and don't miss winning opportunities BSC Binance Bitcoin We're NEARING
Source: Cointelegraph - 🏆 562. / 51 Read more »
Liechtenstein’s Largest Private Bank Enables Direct Investments in Bitcoin⬆ +11 Liechtenstein’s Largest Private Bank Enables Direct Investments in Bitcoin $BTC bitcoin $ETH ethereum
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
New York environmental committee will not consider Bitcoin mining ban billOn Friday, May 6, a bill that would have imposed a two-year moratorium on certain sorts of proof-of-work (PoW) crypto... Continue reading
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
The Multiverse of Madness: Warren Buffett, Elon Musk, Inflation & Bitcoin | HackerNoon'The Multiverse of Madness: Warren Buffett, Elon Musk, Inflation & Bitcoin' decentralizedinternet quicknode
Source: hackernoon - 🏆 532. / 51 Read more »