What is Bitcoin Halving?

Bitcoin Halving is a periodic event that takes place after every 210,000th Bitcoin block has been mined. 

It takes about 10 minutes to mine a single block on the Bitcoin blockchain.

Simple math: 210,000 blocks are mined approximately every four years.

Thus, Bitcoin halving occurs once every four years.

The term "Halving" in "Bitcoin Halving" means to reduce mining rewards by half.

It takes the network about 10 minutes to mine one block, and for now, the reward for mining is 6.25 Bitcoin.

But the rewards will be 3.125 Bitcoin per block after the upcoming halving.

How much Bitcoin can be mined in a day?

As of now, a total of 900 BTC is being mined every day. therefore after Halving only 450 BTC can be mined in a single day.

Calculation:

🟩It takes 10 minutes to mine 6.25 BTC.

🟩 It means that in an hour, 6 * 6.25 =37.5 BTC will be mined.

🟩 In 24 hours: 37.5 BTC * 24 = 900 BTC