Bitcoin Is Halfway To The Next Halving

Bitcoin Magazine

Bitcoin is now in-between the prior halving and the next, blockchain data showed Thursday morning.

The phenomenon happened exactly on block number 735,000 on the Bitcoin blockchain, which was mined at around 6:30 a.m. ET on May 5, 2022. It was the 105,000th block to be mined after the last halving, which occurred in May 2020 on block number 630,000. The next halving is set to happen on block 840,000.

The Bitcoin protocol decreases the reward it gives to miners by 50% every 210,000 blocks – hence the name “halving.” It takes on average four years to mine those blocks.

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