2024 Bitcoin Halving
According to the Bitcoin network records so far, the most recent block, 827,144, was mined on January 23, 2024, at 22:16 UTC, by the AntPool mining pool. Every four years, the Bitcoin mining reward is cut in half. Therefore, there are 40,000 blocks left until the 2024 halving event. With Bitcoin’s average mining rate being 1 block every 10 minutes, this means the halving is likely to occur between March – June 2024. This will see the block reward reduced to 3,125 BTC.
Based on the current mining rate, it is estimated that the last Bitcoin will be mined in the year 2140. Explore Bitcoin halving cycles and their impact. #BitcoinHalving #BTC #CryptoTimeline
