When will the 2020 Bitcoin Halving end? (Bitcoin Halving Time in 2021)
When will the 2020 Bitcoin Halving end? How will the Bitcoin Halving in 2020 aff
When will the 2020 Bitcoin Halving end? How will the Bitcoin Halving in 2020 affect the market?
According to the latest data, there is less than a month left until the next Bitcoin production halving. Based on historical patterns, the block reward of 12.5 BTC will be reduced to 6.25 BTC on May 12, 2019. After the second difficulty adjustment in early June 2020, it is expected that there will be a third decrease in mining power by the end of July, resulting in a decrease of around 50% in mining revenue across the network. Since November 2019, the price of Bitcoin had dropped below the $10,000 mark, but it regained its value above $9,000 since late February this year.
Bitcoin Halving Time in 2021
After the bear markets of 2018 and 2019, the Bitcoin Halving took place in May this year. According to data from Blockchain.com, the third block reward halving will occur by the end of June 2020. The creation and distribution of new miners will take place every four years in the first three quarters of 2021, with each block producing 10 new BTC (worth over $100 million at the current price). This means that based on this prediction, there will be two occurrences of the third halving event on the Bitcoin network in the coming years, similar to what happened in May 2016 and December 2020. Therefore, the estimated time for the next halving will be around mid-April 2021.
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