Bitcoin halving
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Bitcoin halving
Decreasing the number of new Bitcoins that can be mined into circulation after 210,000 blocks have been added, which is approximately every four years. The purpose of the halving is to periodically decrease the number of coins that can come into existence. After each halving, it becomes more expensive to mine Bitcoin.The First Halving Was in 2012
In November 2012, the first halving took place when the price of Bitcoin was around $11. The second halving was in July 2016, and the third was in May 2020, when Bitcoin was approximately $9,000. By the end of 2020, Bitcoin had nearly reached $30,000. It surpassed $60,000 in 2021.
No More Coins in 2140
Although more than a century away, Bitcoin will be capped at 21 million coins in 2140, and miners will no longer obtain Bitcoin rewards from the mining process. They will only receive fees for validating the transactions and adding them to the Bitcoin blockchain. See Bitcoin mining and Bitcoin.
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