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When in 2024 Is the Next Bitcoin Halving?

When Is the Next Bitcoin Halving?

The next Bitcoin halving is scheduled for 2024. This is when the block reward will be reduced from 12.5 BTC to 6.

25 BTC. This event happens every 210,000 blocks, or roughly every four years. The halving schedule is as follows:.

-The first halving occurred in November 2012 when the block reward went from 50 BTC to 25 BTC.
-The second halving occurred in July 2016 when the block reward went from 25 BTC to 12.5 BTC.
-The third halving is scheduled for May 2020 when the block reward will go from 12.
-The fourth halving is scheduled for 2024 when the block reward will go from 6.25 BTC to 3.125 BTC.

NOTE: This is an important question to ask, but it is important to understand that the answer may change over time. The timing of Bitcoin halvings is determined by the blockchain and can be affected by a variety of factors, such as changes in network difficulty, the number of miners, or even a change in the consensus protocol. For this reason, it is impossible to accurately predict when exactly the next halving will be. It is therefore important to stay up-to-date with any developments that may affect the timing of future halvings.

After the third halving in 2020, there will be approximately 18 million bitcoins in circulation. The total supply of 21 million bitcoins will not be reached until 2040, according to the current schedule.

However, it is possible that the schedule could change if the network hashrate grows at a faster rate than expected.

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