Halvings
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What is Bitcoin halving? The most important
Halving is a planned and coded reduction of the very reward that a miner receives when adding a block of transactions to the blockchain. Bitcoin halvings occur approximately once every four years, or more precisely, every 210 thousand new blocks completed by miners. Each halving halves the number of bitcoins that miners receive as a block reward.
At the time of the launch of Bitcoin in 2009, miners received 50 Bitcoins per block, but during the first halving in 2012 this reward was reduced to 25 Bitcoins, in 2016 - to 12.5 BTC, in 2020 - to 6.25 BTC, and in 2024 it is planned to reduce to 3,125 coins. What is the meaning of Bitcoin halving
The 2024 halving is expected in April, but it is quite difficult to name the exact date and time of the halving. This is due to the fact that the period of time required to generate new blocks can either slow down or speed up depending on a number of factors.
#Halving #Halvings #Bitcoin #BTC; #Write2Earn
$BTC
Halving is a planned and coded reduction of the very reward that a miner receives when adding a block of transactions to the blockchain. Bitcoin halvings occur approximately once every four years, or more precisely, every 210 thousand new blocks completed by miners. Each halving halves the number of bitcoins that miners receive as a block reward.
At the time of the launch of Bitcoin in 2009, miners received 50 Bitcoins per block, but during the first halving in 2012 this reward was reduced to 25 Bitcoins, in 2016 - to 12.5 BTC, in 2020 - to 6.25 BTC, and in 2024 it is planned to reduce to 3,125 coins. What is the meaning of Bitcoin halving
The 2024 halving is expected in April, but it is quite difficult to name the exact date and time of the halving. This is due to the fact that the period of time required to generate new blocks can either slow down or speed up depending on a number of factors.
#Halving #Halvings #Bitcoin #BTC; #Write2Earn
$BTC
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Historical data predicts Bitcoin price target to halve in 2028
The price of Bitcoin has increased by approximately 650% since the last Bitcoin halving in 2020. If history repeats itself, Bitcoin could reach the $435,000 price level before the 2028 halving.
According to TradingView, the price of Bitcoin has risen approximately 658% since the last Bitcoin halving in 2020 and is currently trading around the $66,000 mark.
The 2024 Bitcoin halving is less than three weeks away. If historical charts were to repeat themselves, Bitcoin's current price of $66,000 would reach $434,280 per unit if it performs similarly to the current cycle by 2028.
However, Bitcoin's post-halving rally has produced diminishing returns over the years. Before the first halving in 2012, Bitcoin's value rose from virtually nothing to $12.5, an increase of 12,400%. The price of Bitcoin rose 5,200% to $650 at the 2016 halving and 1,200% to $8,500 at the 2020 halving.
#Halving #Halvings #BTC #Bitcoin #BTC🔥🔥🔥🔥
$BTC
The price of Bitcoin has increased by approximately 650% since the last Bitcoin halving in 2020. If history repeats itself, Bitcoin could reach the $435,000 price level before the 2028 halving.
According to TradingView, the price of Bitcoin has risen approximately 658% since the last Bitcoin halving in 2020 and is currently trading around the $66,000 mark.
The 2024 Bitcoin halving is less than three weeks away. If historical charts were to repeat themselves, Bitcoin's current price of $66,000 would reach $434,280 per unit if it performs similarly to the current cycle by 2028.
However, Bitcoin's post-halving rally has produced diminishing returns over the years. Before the first halving in 2012, Bitcoin's value rose from virtually nothing to $12.5, an increase of 12,400%. The price of Bitcoin rose 5,200% to $650 at the 2016 halving and 1,200% to $8,500 at the 2020 halving.
#Halving #Halvings #BTC #Bitcoin #BTC🔥🔥🔥🔥
$BTC
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How much will Bitcoin miners' incomes be reduced after the halving?
There are 32 days left until the Bitcoin halving, which is expected to occur on April 20, 2024 and will halve miners' rewards.
On this day, the Bitcoin inflation rate will decrease significantly - now miners are mining approximately 900 BTC, which equals about $25.42 million per day. After halving, the daily generation of coins will be only 450 BTC, accordingly, miners’ income will drop to approximately $12.71 million.
Bitcoin is currently hovering just above $67,000, which translates to $60.3 million in daily revenue from block rewards alone, not including transaction fees. If the price remains at current levels, halving the daily production of 450 BTC would still net miners $30.15 million, exceeding the $25.42 million earned from 900 Bitcoins in April last year.
In addition, miners are now earning more per transaction - the average fee has risen to $8.28 or 37.7 satoshi per virtual byte from $2.05 per transfer in April 2023.
#Halving #Bitcoin #Halvings #HotTrends #CryptoNews
$BTC
There are 32 days left until the Bitcoin halving, which is expected to occur on April 20, 2024 and will halve miners' rewards.
On this day, the Bitcoin inflation rate will decrease significantly - now miners are mining approximately 900 BTC, which equals about $25.42 million per day. After halving, the daily generation of coins will be only 450 BTC, accordingly, miners’ income will drop to approximately $12.71 million.
Bitcoin is currently hovering just above $67,000, which translates to $60.3 million in daily revenue from block rewards alone, not including transaction fees. If the price remains at current levels, halving the daily production of 450 BTC would still net miners $30.15 million, exceeding the $25.42 million earned from 900 Bitcoins in April last year.
In addition, miners are now earning more per transaction - the average fee has risen to $8.28 or 37.7 satoshi per virtual byte from $2.05 per transfer in April 2023.
#Halving #Bitcoin #Halvings #HotTrends #CryptoNews
$BTC
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Matthew Schultz: “90% of large miners will be unprofitable after Bitcoin halving”
Matthew Schultz refers to a study by financial and auditing company Cantor Fitzgerald. According to him, at current Bitcoin prices, the largest miners, including Marathon Digital, Riot Platforms, and Core Scientific, will come under pressure after the halving of the first cryptocurrency. The cost of mining 1 BTC will exceed the price of the first cryptocurrency on the market.
According to Schultz, the most vulnerable are the British firm Argo Blockchain and the American Hut 8 — after halving, the cost of mining bitcoins for these companies will be $62,276 and $60,360, respectively. At the same time, at current prices in the region of $40,000, only Bitdeer (Singapore) and his company CleanSpark (USA) will be able to maintain their business.
Recall that the next Bitcoin halving is due in April this year. If miners now receive 6.25 BTC for discovering a block, then after halving the reward, the reward will be 3.125 BTC.
#Halving #Halvings #Mining #maining #Bitcoin
$BTC
Matthew Schultz refers to a study by financial and auditing company Cantor Fitzgerald. According to him, at current Bitcoin prices, the largest miners, including Marathon Digital, Riot Platforms, and Core Scientific, will come under pressure after the halving of the first cryptocurrency. The cost of mining 1 BTC will exceed the price of the first cryptocurrency on the market.
According to Schultz, the most vulnerable are the British firm Argo Blockchain and the American Hut 8 — after halving, the cost of mining bitcoins for these companies will be $62,276 and $60,360, respectively. At the same time, at current prices in the region of $40,000, only Bitdeer (Singapore) and his company CleanSpark (USA) will be able to maintain their business.
Recall that the next Bitcoin halving is due in April this year. If miners now receive 6.25 BTC for discovering a block, then after halving the reward, the reward will be 3.125 BTC.
#Halving #Halvings #Mining #maining #Bitcoin
$BTC
What Is Bitcoin Halving
The Bitcoin #Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
The first reward was 50 bitcoin. Previous halving dates were:
Nov. 28, 2012, to 25 bitcoins
July 9, 2016, to 12.5 bitcoins
May 11, 2020, to 6.25 bitcoins
The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.
As of March 2024, about 19.65 million bitcoins were in circulation, leaving just around 1.35 million to be released via mining rewards.1
KEY TAKEAWAYS
A Bitcoin #halving event occurs when the reward for mining Bitcoin transactions is cut in half.
#Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply.
Bitcoin last halved on May 11, 2020, resulting in a block reward of 6.25 BTC.
The final halving is expected to occur in 2140, when the number of bitcoins circulating will reach the theoretical maximum supply of 21 million.
Basics of the Bitcoin Network
To understand a Bitcoin halving, you must first know how the Bitcoin network operates.
Why Are the #Halvings Occurring Less Than Every 4 Years?
The Bitcoin mining algorithm is set with a target of finding new blocks once every 10 minutes.7 Some blocks take more than 10 minutes; some take less. This can decrease or increase the amount of time it takes to reach the next halving goal. For example, if blocks consecutively average 9.66 minutes to mine, it would take about 1,409 days to mine the 210,000 blocks required (four years is 1461 days, including one day for a leap year).
What Happens When There Are No More Bitcoins Left?
It is often thought that in 2140, the last bitcoin will be mined. However, if the reward is #halved every 210,000 blocks, it will get smaller and smaller until one satoshi is the reward and the total amount circulating equals 21 million. One satoshi is 0.00000001 bitcoin.
#Write2Earn
The Bitcoin #Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
The first reward was 50 bitcoin. Previous halving dates were:
Nov. 28, 2012, to 25 bitcoins
July 9, 2016, to 12.5 bitcoins
May 11, 2020, to 6.25 bitcoins
The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.
As of March 2024, about 19.65 million bitcoins were in circulation, leaving just around 1.35 million to be released via mining rewards.1
KEY TAKEAWAYS
A Bitcoin #halving event occurs when the reward for mining Bitcoin transactions is cut in half.
#Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply.
Bitcoin last halved on May 11, 2020, resulting in a block reward of 6.25 BTC.
The final halving is expected to occur in 2140, when the number of bitcoins circulating will reach the theoretical maximum supply of 21 million.
Basics of the Bitcoin Network
To understand a Bitcoin halving, you must first know how the Bitcoin network operates.
Why Are the #Halvings Occurring Less Than Every 4 Years?
The Bitcoin mining algorithm is set with a target of finding new blocks once every 10 minutes.7 Some blocks take more than 10 minutes; some take less. This can decrease or increase the amount of time it takes to reach the next halving goal. For example, if blocks consecutively average 9.66 minutes to mine, it would take about 1,409 days to mine the 210,000 blocks required (four years is 1461 days, including one day for a leap year).
What Happens When There Are No More Bitcoins Left?
It is often thought that in 2140, the last bitcoin will be mined. However, if the reward is #halved every 210,000 blocks, it will get smaller and smaller until one satoshi is the reward and the total amount circulating equals 21 million. One satoshi is 0.00000001 bitcoin.
#Write2Earn
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Analyst Kevin Swanson: BTC may reach all-time high on April 20
According to crypto analyst Kevin Swanson, the daily RSI (Relative Strength Index) signals the possibility of a rally and breakout of Bitcoin above the all-time high of $73,737 reached last month. The expert believes that BTC is forming a bullish pattern, and its completion may coincide with the RSI signal of upside potential around April 20. Swanson noted that if the rally happens at the same time as the halving, “it will be in the news and cause a lot of price action and a lot of demand.”
#binance #Bitcoin #BTC🔥🔥🔥🔥 #Halving #Halvings
$BTC
According to crypto analyst Kevin Swanson, the daily RSI (Relative Strength Index) signals the possibility of a rally and breakout of Bitcoin above the all-time high of $73,737 reached last month. The expert believes that BTC is forming a bullish pattern, and its completion may coincide with the RSI signal of upside potential around April 20. Swanson noted that if the rally happens at the same time as the halving, “it will be in the news and cause a lot of price action and a lot of demand.”
#binance #Bitcoin #BTC🔥🔥🔥🔥 #Halving #Halvings
$BTC
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#How much should BTC cost for mining to be profitable after halving?
According to calculations by the CEO of the analytical platform CryptoQuant, Ki Young Ju, in order for miners to mine Bitcoin profitably, its price must exceed $80,000 after halving.
The landmark event is scheduled for April 20, 2024. After Bitcoin halving, the reward to miners for mining a block will be halved. At the same time, the costs of obtaining the same number of coins, on the contrary, will increase.
After the previous halving, which took place in May 2020, the cost of mining increased to $30,000. At the same time, Bitcoin also rose in price, reaching a record level of $69,000.
Now the average cost of Bitcoin mining is $49,900, and the asset itself is trading above $70,000. After April 20, 2024, BTC mining costs will exceed $80,000, which means the asset must trade above this level for miners to continue making profits.
Historically, after halving, the value of Bitcoin increases. In 2012, the asset rose in price by almost 9,000% to $1,162. In 2016, the price of the cryptocurrency soared by about 4,200% to $19,800, and after halving in 2020, by 683% to $69,000.
#Halving #BTC #Bitcoin #Halvings #Mining
$BTC
According to calculations by the CEO of the analytical platform CryptoQuant, Ki Young Ju, in order for miners to mine Bitcoin profitably, its price must exceed $80,000 after halving.
The landmark event is scheduled for April 20, 2024. After Bitcoin halving, the reward to miners for mining a block will be halved. At the same time, the costs of obtaining the same number of coins, on the contrary, will increase.
After the previous halving, which took place in May 2020, the cost of mining increased to $30,000. At the same time, Bitcoin also rose in price, reaching a record level of $69,000.
Now the average cost of Bitcoin mining is $49,900, and the asset itself is trading above $70,000. After April 20, 2024, BTC mining costs will exceed $80,000, which means the asset must trade above this level for miners to continue making profits.
Historically, after halving, the value of Bitcoin increases. In 2012, the asset rose in price by almost 9,000% to $1,162. In 2016, the price of the cryptocurrency soared by about 4,200% to $19,800, and after halving in 2020, by 683% to $69,000.
#Halving #BTC #Bitcoin #Halvings #Mining
$BTC
BTC always closes a halving year in the plus 🥇
If you follow the history of the first cryptocurrency, the halving years (2012, 2016 and 2020) closed with a green candle.
At the same time, just before the halving itself, the price behaves differently. That is, the correction until April should be kept in mind as a possible scenario.
It can also be noticed that the next year after the halving comes "to the moon" 🧪
#BTC. #Halvings #BTChalving $BTC
If you follow the history of the first cryptocurrency, the halving years (2012, 2016 and 2020) closed with a green candle.
At the same time, just before the halving itself, the price behaves differently. That is, the correction until April should be kept in mind as a possible scenario.
It can also be noticed that the next year after the halving comes "to the moon" 🧪
#BTC. #Halvings #BTChalving $BTC
#Bitcoin Market Updates-
Bitcoin price ranged from $51k to $57.5k in 24 hours, i.e. a total of $6500. That's still on #Bullish signal with a growth of around 12-13%, and may be that is, take a slight divergence from $59k to 61k...
By the way, Bitcoin always remains at its lowest level at the time of #Halvings , so at that time perhaps $BTC will goes into Correction Zone for the last time for next 80-90 days..!
Rest, it will be known in the coming time from where $BTC takes correction, from $61k or from $64k or directly from $70k by creating a new All Time High....???...
So Always, DYOR it's just NFA 🙏
It's #TrendingTopic & #Write2Earn
Bitcoin price ranged from $51k to $57.5k in 24 hours, i.e. a total of $6500. That's still on #Bullish signal with a growth of around 12-13%, and may be that is, take a slight divergence from $59k to 61k...
By the way, Bitcoin always remains at its lowest level at the time of #Halvings , so at that time perhaps $BTC will goes into Correction Zone for the last time for next 80-90 days..!
Rest, it will be known in the coming time from where $BTC takes correction, from $61k or from $64k or directly from $70k by creating a new All Time High....???...
So Always, DYOR it's just NFA 🙏
It's #TrendingTopic & #Write2Earn
#Bitcoin Updates
Today $BTC doing again amazing, after yesterday amazing growths in continuity to break-out now..
$58k...
$59k...
$60k....
And,
Ready for next target of
$61k too...
And then,
What's next..
Is it breaks first ATH of previous #BullRun $64k again and then revert or it will break-out $70k this time to create new #AllTimeHigh and then revert back before #Halvings time...
Let's see..
It's perfect time to Earnings..
It's 100% #TrendingTopic now..
Today $BTC doing again amazing, after yesterday amazing growths in continuity to break-out now..
$58k...
$59k...
$60k....
And,
Ready for next target of
$61k too...
And then,
What's next..
Is it breaks first ATH of previous #BullRun $64k again and then revert or it will break-out $70k this time to create new #AllTimeHigh and then revert back before #Halvings time...
Let's see..
It's perfect time to Earnings..
It's 100% #TrendingTopic now..