Updated 7 10 2020 to reflect the most recent bitcoin halving which took place on may 11 2020. Bitcoin halving 2020 the bitcoin halving of 2020 will take place in may and pushes the block reward down from 6 25 bitcoins to 3 125 bitcoins per block.
The last bitcoin halving took place in 2020 at block 630 000 on may 11 2020 7 23 43 pm utc.
Bitcoin halving date 2020. The most recent bitcoin halving occurred on 11 may 2020 when block 630 000 was mined. This event also cuts in half bitcoin s inflation rate and. The fourth bitcoin halving is going to happen in 2024 after 840 000 blocks will be mined and the reward per block will be 3 125 btc.
Bitcoin expert nicknamed plan b suggested bitcoin price 50 000 after 2020 halving but 400 000 after 2024 halving and even three million after 2028 halving. The halving decreases the amount of new bitcoins generated per block. Each halving lowers bitcoin s inflation rate.
The 2020 halving will happen on block 630 000. The current annual bitcoin inflation is at 3 68 but after the 2020 halving the inflation will be cut in half to approximately 1 80. Bitcoin halved on may 11 2020 around 3 pm est.
A bitcoin halving event is when the reward for mining bitcoin transactions is cut in half. In the 2024 halving the reward will drop from 6 25 btc per block to 3 125 btc. What is the significance of the bitcoin block halving.
As a result of that halving the block reward dropped to 6 25 btc. The bitcoin halving is scheduled in block height not date. The orange line is bitcoin s inflation rate during a given period while the blue line is the total number of bitcoins issued.
At that time the bitcoin block reward dropped from 12 5 btc and cut in half to 6 25 btc. The halving happens every 210 000 blocks. In the most recent may 11 2020 halving the reward dropped from 12 5 to 6 25 btc per block.