Topic: What is Bitcoin Halving (Read 374 times)

Bitcoin is one of the best platforms in the world. I've been working there for a long time, but I didn't get a merit.😥

Bitcoin is something that is not done by everyone and not everyone can do it again
My Favorite Cryptocurrency Bitcoin Platform
Hopefully soon the bitcoin platform will be just as good as before😍

The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.

Bitcoin halving is an event that halves the rate at which new Bitcoins are created. It occurs once every four years. As many know, Bitcoin’s (BTC) supply is finite. Once 21 million coins are generated, the network will stop producing more. That is one of the main reasons Bitcoin is often referred to as “digital gold” just like with the yellow metal, there is only a limited amount in the world, and someday, all of it will have been extracted 

Exactly! There are so many things that can affect Bitcoin price, and the world economy in general, going on right now, that halving is probably one of the least important ones in this regard.

I think, various news outlets will always be making "big news" out of yet another halving(They have to write about something, after all!), but in reality halving is nothing more than a part of Bitcoin routine.

That is only true for next 4 years then again it will be reduced half of it. As halving was last month.

Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving.

BTC Halving in 2012
On November 28, 2012, on the production of 210,001 blocks, the mining rewards dipped from 50 BTC to 25 BTC. After a year or so, the Bitcoin price smashed to 1000 USD. As the market is ready and knows beforehand about the event, the impact on price is bound to be negligible, and hence will start applying the reduction rate to the price gradually.

BTC Halving in 2016
On July 9, 2016, the second Bitcoin halving took place, with an all-time surge of around $19,000, which reached 20,000 USD by December 2017. Before the 2016 halving, the BTC price fell as low as 200 dollars per coin and the mining reward dipped from 25 BTC to 12.5 BTC. But right after the halving took price, the price started rising exponentially.

BTC Halving 2020
2020 is most likely to see a similar change for the Bitcoin price, where the miner fee is going to be halved from 12.5 to 6.25. It is going to take place on May 27th, 2020. The crypto enthusiasts have participated on twitter saying they believe that the Bitcoin price will be skyrocketing during the BTC halving stage. To be precise, 61% of 2500 accounts believe that the price will soar from now until the halving, while 25% believe that the price increases will come after the halving.

Read more detail from the source: https://coinswitch.co/news/bitcoin-halving-2020-bitcoin-halving-explained-read-more

I had no idea that halving will happen after every 210,000 blocks are mined and no fixed date that it will happen. I thought that halving is an annual event that is fixed to happen every 4 years.


thanks for the great explanation!

Fixed that for you...

Really... Same advice i've given before: Learn, read, ask questions, have fun, communicate,. But don't try to educate others about something you haven't mastered sufficiently yourself.

In 2009, the system started at 50 coins mined every 10 minutes. Two halvings later, 12.5 bitcoins are currently being dispensed every 10 minutes.

Based on the fact that from the moment of halving bitcoin holding at $9-10k, it’s too early to talk about $4k or $20k. The economy hasn't stabilized after the COVID-19, I guess we will see some important bitcoin movements closer to the 2021.

Whoever predicted that the price would go up to $20k because of halving, you don't look much better than that person. Reread your post. Apart from misusing the word "skeptical", you are making a baseless prediction about Bitcoin going below $4k.

Overall it's a big question, whether halving affects BTC price or it doesn't. I personally think it doesn't because the most BTC that go to the market as a "supply" are not coming from miners.

we will not need to know what is Bitcoin Halving because it happened several days ago and it will not happen until after four years.
we should focus  on how to know more about how Bitcoin Halving can be exploited economically?

Many are skeptical that Bitcoin Halving will have a positive effect on the price and therefore we will see more demand for Bitcoin and the price will rise.
I think they are wrong price will back to less than 4000 dollar and I dont Bitcoin Halving that will up it to 20000

There is no book that I am aware of that will discuss this exact issue - the length of time between halvings. Most books (and sites) discuss the general principles of block time. If you read around the topics of difficulty, retargeting, block time, hashrate, and mining in general, then you will gain more of an understanding about why the average block time can vary quite significantly from 10 minutes, which has a knock on effect on how long it takes 210,000 blocks to be mined and therefore how long it is between halvings.

Having said all that, here are a couple of Stack Exchange questions I found that are very similar. Some of the answers might help you:
https://bitcoin.stackexchange.com/questions/30344/when-will-next-halving-events-occur
https://bitcoin.stackexchange.com/questions/85863/can-the-bitcoin-halving-be-delayed
https://bitcoin.stackexchange.com/questions/95923/halving-formula

@ o_e_l_e_o, thanks for the good explanation about bitcoin halving that could take place before or after 4 years, you clearly explained this in a way someone can easily understand. That means if hash rate miners are generating is increasing, block rewards can fall in a time lesser than 10 minutes and this is responsible for the previous bitcoin halving not getting up to four years in your calculation above, and this was so because miners are constantly increasing and resulting in increasing hash rates, even the highest hashes generated is in this year and this has been increasing since years back.

But the otherwise could happen if the hash rate deceased steadily, because it will result to block time of more than 10 minutes, from your calculation, it could take more than four years before another 210,000 blocks could be mined and this will lengthen bitcoin halving period/time.

So, bitcoin halving period depends on hash rates generated by miners.

I will like you to recommend me a book or site I can read more about this, you comments are always authentic.

In fact your post is full of mistakes, Halving does not mean basically a decrease in price or a rise in price, Halving means mining rewards halved. For example, mining rewards were 12.5BTC  and after the last Halving became 6.25 BTC, the price increase is a consequence of Halving because Halving leads to a decrease in the amount of bitcoin produced and this A decrease in the amount of bitcoin will lead to an increase in the demand for bitcoin and thus an increase in the price. But of course, this may not happen until months or a year has passed.

This is correct.

Halvings occur every 210,000 blocks. The reason this is close to 4 years is because the average block time is 10 minutes. 210,000 blocks with an average block time of exactly 10 minutes is 2,100,000 minutes, which works out at 3.993 years (accounting of course for the leap day every 4 years).

Now, as we know, the difficulty adjusts every 2016 blocks to try to bring the average block time back towards the average of 10 minutes. The reason the previous halvings haven't taken 4 years is because for the most part the hashrate has been constantly increasing, resulting in an average block time progressively shortening prior to each difficulty adjustment. An average block time of 9 minutes 30 seconds means 210,000 blocks takes (roughly) 3 years and 9.5 months.

If the converse was true, and the hashrate constantly decreased, then the average block time would progressively length prior to each difficulty adjustment. An average block time of 11 minutes means 210,000 blocks would take almost 4 years and 5 months.

I am not sure if OP is trying to gain some merits by creating such as topics. But seems there is few misinformation as mentioned by other users. Besides that lot of topics have been created about Halving, nothing new on your post. I will suggest use search button before you make any post and if you are going to post something then research as much as possible. Try to contribute what you have best knowledge and experience.

It's better to lock this thread from lower left to avoid future spam.

Probably would've been better if I had bolded the part I was referring to, which was:

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Well, Bitcoin Block Reward Halving shows it's going to happen on the 10th of May, 2024 which is about 2 months and a half past your calculation I didn't twist anything, I said that the fact that the past 2 halvings happened a few months before 4 years does not necessarily mean that the next halving will happen even earlier too. Should the conditions change, it could take place exactly after 4 entire years, later or earlier.

In other words, there's no direct relationship between past halvings and the future ones. Back in 2016 after the halving, the same website said the ETA for 2020's halving would be 07th of July.

You need to get me right, I did not say bitcoin halving occur in four years, I said it occurs approximately in every four years, and that is why it is said it occur every four years, using only 210,000 block to explain is accurate but in relation to time is necessary.


It has already been calculated the next halving to occur in February 29, 2024. This will be the fourth  halving, and yet it is still approximately four years which can be assumed to be four years also. So, the next halving from the calculation will occur some days before or after February 29, 2024 not in December that you presumed.

I think this is contradictory to your other comments, which one are you talking about? I commented it happens approximately every four years which can be assumed as four years. If this is what you meant, then you are inline with my comment, do not get this twisted.

You are not right either; the next halving could take place even in December 2024 if mining 210,000 blocks takes that long. Otherwise, if there was an exact amount of months every which Bitcoin halved, it wouldn't have been called "halving every 4 years" but "halving every X months" instead.

1st - Nov 2012
2nd - Jul 2016 (4 years minus 4 months compared to the 1st)
3rd - May 2020 (8 years minus 6 months compared to the 1st; 4 years minus 2 months compared to the 2nd)