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Bitcoin Is Now Half Way From its Next Halving as Hashrate Marked ATH

Jay Zhuang-CryptoPotato
2022-05-06 19:02
风险提示:本平台包含第三方内容,我们不为其内容背书。数字资产价格波动剧烈,投资前请做好研究。请查看完整条款 此处.
Bitcoin has crossed the halfway line of its third halving, which the community sees as a bullish sign for its price since the issuing rate is reduced by 50%.

Less Than 105,000 Blocks Away From Next Halving

After Block 735,000 was mined on Thursday by Poolin, earning 0.16215354 BTC ($6,402.45) in fees, Bitcoin officially entered the second half of the third halving cycle. This one – like any other in the past or the future – has 210,000 blocks available to be mined, and half of them, 105,000 blocks, have been mined since May 11th, 2020.
After the next halving, currently scheduled to take place in Q2 2024, Bitcoin’s supply rate will decrease by 50%, likely causing another “supply shock.” Currently, roughly 90% of the 21 million BTC has been mined, and less than 7% of the total supply will be available as the network kicks off its fourth halving cycle in two years.
Another notable factor is the mining hash rate hitting ATH at 249.1 exahashes per second (EH/s) on Wednesday, slightly before the second leg of the cycle was up. Since then, the metric trended downward as the crypto selloff deepened. Higher hash rates indicate stronger computational power needed from miners. As such, the network itself has become more secure.

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