The Halving

PERCENTAGE OF TOTAL BITCOINS MINED 90.97% CURRENT MINING REWARD PER BLOCK 6.25BTC BLOCKS MINED BETWEEN EACH HALVING: 210,000 TOTAL BITCOINS IN CIRCULATION: 19,103,119 TOTAL BITCOINS TO EVER BE PRODUCED: 21,000,000 NEXT ESTIMATED HALVING DATE: APRIL 2024 RECORDED DATE: 7-25-2022 A BITCOIN HALVING OCCURS WHEN THE REWARD FOR MINING NEW BLOCKS IS HALVED, RESULTING IN MINERS RECEIVING 50% FEWER BITCOINS FOR VERIFYING TRANSACTIONS. WHEN BITCOIN FIRST BEGAN, MINERS WERE REWARDED WITH 50 BITCOINS PER BLOCK. THE BLOCK REWARD IS HALVED EVERY 210,000 BLOCKS MINED (ROUGHLY EVERY 4 YEARS) AND WILL CONTINUE TO HALVE UNTIL THE BLOCK REWARD PER BLOCK REACHES ZERO (AROUND YEAR 2140). A REDUCTION IN MINING REWARDS REDUCES THE NUMBER OF NEW BITCOINS ON THE MARKET, INCREASING THE ASSET'S VALUE AND DEMAND.