450 Bitcoin Per Day
What the upcoming bitcoin halving means for supply and demand.
450—that’s the total number of new bitcoin that will be produced daily by miners following the fourth bitcoin halving.
900—that’s the total number of new bitcoin currently produced daily by miners. As you can see, once a bitcoin halving occurs, that number is cut in half.
Bitcoin halvings are built into the protocol to occur roughly every four years. They reduce the number of bitcoin earned by miners in what’s called “the block reward” while reinforcing bitcoin’s supply and demand incentive cycle.
Each time a halving hits, there’s a supply shock that lingers as newer bitcoiners come to better understand its impact.
History of block rewards:
The block reward that individual bitcoin miners received for processing and adding transactions to the blockchain started at 50 bitcoin per block.
Then, halvings came into play:
1st Halving: 25 bitcoin
2nd Halving: 12.5 bitcoin
3rd Halving: 6.25 bitcoin
Upcoming Halving: 3.125 bitcoin
Transaction blocks are processed roughly …
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