Many speculate that miners will shut down after the halving that will occurs in 2024 😱😱😱😱 Here is what will happens 😱>>>>>>>>>>>>>>>>>>>
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50.
Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25.
In 2016, it dropped from 25 to 12.5.
In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.
In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.
The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower, making buying more expensive.
In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.
The Bitcoin halving is scheduled in block height, not date.
The halving happens every 210,000 blocks.
The 2024 halving will happen on block 840,000.
Many always speculate that miners will shut down after the halving. The reality is most miners are very smart and price in the halving, so they don't end up shutting down any miners.
The 2024 halving will likely occur between February 2024 and June 2024.
2020 Halving
The third halving occurred on May 11, 2020.
New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00
When Will All 21 Million Bitcoins be Mined⁉️
All 21 million bitcoins will be mined by 2140. But more than 98% will be mined by 2030.
