Bitcoin is expected to go through a 'halving' within the next day or two, a preprogrammed event that could impact production of the world's largest cryptocurrency. A halving, which occurs about every four years, was designed by bitcoin's creator, Satoshi Nakamoto, to effectively reduce by half the reward that miners of the digital token receive.
When will the next halving occur? Halving is scheduled to occur regularly after the creation of every 210,000 'blocks' — where transactions are recorded — during the mining process, that are added to the blockchain.While there aren't any set calendar dates for this to occur, it generally works out to roughly once every four years. The latest estimates expect the next halving to occur sometime late Friday or early Saturday.