[Bitcoin Halving Countdown] The latest Bitcoin Halving Time Forecast and How to Deal with the Impact of Bitcoin Halving
The mining K reward is halved, and the Bitcoin output is halved. Halving is not to cut Bitcoin in half, but to reduce the number of block rewards for issuing Bitcoin by half.
Bitcoin halving is to regulate the money supply and occurs every 210,000 blocks or about every four years. Initially, the mining reward for each block was 50 BTC since Satoshi Nakamoto introduced the Bitcoin protocol until November 28, 2012.
Subsequently, this reward was halved to 25 BTC per block. And as another 210,000 blocks passed, a new block was mined about every ten minutes, so on July 9, 2016, the reward was further reduced to 12.5 Bitcoins. The most recent halving took place on May 11, 2020, bringing the block reward down to 6.25 BTC at the current exchange rate.
The countdown to the fourth halving has begun, with the 210,000th block since the 630,000th block, meaning that from the 840,000th block onwards there will be another halving. Based on the data and the average time it takes for blocks to be mined, we are able to predict the date of the halving fairly accurately, which is expected to occur around April 20th.
As the mining rate of blocks increases, the halving may be brought forward to April 17th, or even earlier. As the halving approaches, the predictions for the halving time become more and more accurate, right up to the last block. After the halving, miners' rewards will be halved from 6.25 BTC per block to 3.125 BTC, which will cause the total mining volume to drop sharply from the current approximately 900 BTC per day to 450 BTC.
