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🎉 11 years ago yesterday, the first Bitcoin halving occurred🎉
◻️ On November 28, 2012 - 3 years and 10 months after the first block of Bitcoin was mined - the first ever halving event occurred.
At that time, Bitcoin was trading at approximately $12, 308,200% below the current Bitcoin price.
▫️Before the first halving occurred, the mining reward was 50 Bitcoin per block.
▫️After the first halving event in 2012, the mining reward was reduced to 25 BTC, followed by the second halving in 2016, to 12.5 BTC.
▫️Bitcoin's last halving occurred in 2020, and the mining reward was reduced from 12.5 BTC to 6.25 BTC.
⬜️ Bitcoin's fourth halving is now expected to occur on April 17, 2024.
#BinanceTournament
◻️ On November 28, 2012 - 3 years and 10 months after the first block of Bitcoin was mined - the first ever halving event occurred.
At that time, Bitcoin was trading at approximately $12, 308,200% below the current Bitcoin price.
▫️Before the first halving occurred, the mining reward was 50 Bitcoin per block.
▫️After the first halving event in 2012, the mining reward was reduced to 25 BTC, followed by the second halving in 2016, to 12.5 BTC.
▫️Bitcoin's last halving occurred in 2020, and the mining reward was reduced from 12.5 BTC to 6.25 BTC.
⬜️ Bitcoin's fourth halving is now expected to occur on April 17, 2024.
#BinanceTournament
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