#14 BITCOIN HALVING

Bitcoin programme script can be mined 21,000,000 pcs only.

Bitcoin Halving means Block Reward will reduced into half quantity per block. It happened every reached 225,000 #BTC.

The first Bitcoin block reward was 50 bitcoin.

2009 ~ Nov. 28, 2012 - 50 BTC per block

~ July 9, 2016 - 25 BTC per block

~ May 11, 2020 - 12.5 BTC per block

~ April 19, 2024 - 6.25 BTC per block

~ 2028 - 3.125 BTC per block

The bitcoin halving 2024 has officially been completed!

The miners reward has now been cut in half from 6.25 BTC to 3.125 BTC.

The next halving is expected to occur in 2028, when the block reward will fall to 1.625 BTC.

As of May 2024, about 19.7 million bitcoins were in circulation, leaving just around 1.3 million to be released via mining rewards.

🙏🏻Don’t sell your BTC for cheap!

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