BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Everything You Need to Know About the Bitcoin Halving

by Sham
April 2, 2024
in CRYPTO
Reading Time: 3 mins read
A A
2
SHARES
40
VIEWS
Share on XShare in TelegramShare on Reddit
  • The Bitcoin halving is an event where mining rewards are cut in half, occurring every four years according to pre-set rules in Bitcoin’s code.
  • Bitcoin has a hard cap of 21 million coins, with new Bitcoin released through mining as block rewards that get halved approximately every four years until the last Bitcoin is mined around 2140.
  • After previous Bitcoin halving events, the price has historically increased, but not immediately, with other factors like institutional investment also playing a role.

The Bitcoin halving is an event where mining rewards are cut in half. This event takes place every four years according to pre-set rules in Bitcoin’s code. This article explains what the Bitcoin halving is, why it happens, and its potential impact on Bitcoin’s price and network.

JUST IN: #Bitcoin's halving Event is only 17 days away 🚀 pic.twitter.com/1w0pyVJx7S

— BlockNews.com (@blocknewsdotcom) April 2, 2024

Bitcoin’s Supply Limit

Bitcoin was designed to have a finite supply of 21 million coins. New Bitcoin is released through a process called mining, where miners are rewarded with newly minted Bitcoin. However, approximately every four years the reward for mining a block is halved. This gradual reduction in supply is the “halving”. There will only ever be 21 million Bitcoins. Once they are all mined, expected by 2140, no new Bitcoins will enter circulation.

What is the Bitcoin Halving?

The Bitcoin halving cuts the mining reward in half every four years. For example, in the 2012 halving, the mining reward went from 50 to 25 BTC. In 2020, it went from 25 to 12.5 BTC. The next halving, expected around April 2024, will reduce the reward from 12.5 to 6.25 BTC. This reduction in supply is intended to increase demand and value.

Impact on Miners

The halving reduces the incentive for miners, as their rewards are cut in half. This leads to fewer miners and less security for the network. After all Bitcoin is mined, miners will rely solely on transaction fees for revenue. Some believe miners may switch from proof-of-work to less energy intensive consensus models like proof-of-stake.

Potential Price Impact

Some believe the decreasing supply from halvings increases demand and pushes up Bitcoin’s price. However, the halvings do not immediately impact price. Other factors like regulation and institutional investment also affect Bitcoin’s price.

Conclusion

The Bitcoin halving is a key event in Bitcoin’s controlled supply schedule. While the halvings may not directly cause a price increase, they are an important mechanism for gradually reducing the influx of new Bitcoin until the 21 million supply cap is reached. The 2024 halving will be an important milestone in Bitcoin’s monetary policy.

Tags: BitcoinBitcoin HalvingBitcoin Mining
Tweet1ShareShare
Previous Post

Paradigm’s Bold $850 Million Crypto Fund Sparks Major Investor Interest

Next Post

Bitcoin Cash is Up 33% This Week and Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Load More

Related News

VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.