Anyone have any good sources on the Bitcoin halvening that is happening in about 10…

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (6883) · July 4, 2019

Anyone have any good sources on the Bitcoin halvening that is happening in about 10 months? I don’t even know what a halvening is.

I want to learn...!

Replies

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (1752) · July 4, 2019

Every ~4 years in BitCoin the block mining reward of is cut in half. From 50 to 25 to 12.5 new coins generated per block. This is called the halvening.

Next year it cuts down to 6.25 coins. BSV will halven 45 days before BTC.

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (6883) · July 4, 2019

Thank you, Urban. I’m having a hard time imagining how this effects the overall value/cost of Bitcoin. I guess I have to do some more research.

Curious as to why it was put in place.

1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (1752) · July 4, 2019

This was put in place because BitCoin has a limited supply of 21 million coins.

In order to achieve this it gradually decrease the number of newly generated coins so the market can account for exactly how many coins will exist and when.