Bitcoin Halving Date May 2020
It is always a debate on what bitcoin will do in terms of pricing for a halving event. The bitcoin halving of 2020 will take place in may and pushes the block reward down from 625 bitcoins to 3125 bitcoins per block.
Bitcoin Price Prediction After Halving In 2020
Bitcoin saw massive growth after the 2016 halving.
Bitcoin halving date may 2020. 3 scenarios for the price of bitcoin following halving. The exact date of the halving is not yet known as the time taken to generate new blocks varies with the network averaging one block every. Past halving event dates. The first halving event occurred on the 29th of november 2012 at block height 210000. The previous two halvings were also followed by bull runs on bitcoin about a year later. So by that logic the next bitcoin halving day is slated to come on may 2020 eta date. Since only two halvings have ever taken place in the history of bitcoin. When is the 2020 bitcoin halving. 24 may 2020 165412 and this time the bitcoins block reward will get reduced from 125 btc to 625 btc for the next 210000 blocks. The bitcoin halving is scheduled in block height not date. The second halving event occurred on the 10th of july 2016 at block height 420000. However keep in mind that the date of bitcoins reward reduction is not decided by the normal calendar but by the number of blocks that have been mined. Bitcoin enthusiasts are beginning the new year fixated on something that likely wont happen until may. The halving happens every 210000 blocks. The next bitcoin halving is expected to occur in the week commencing 18 may 2020 when the number of blocks hits 630000.
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