When Is Bitcoin Halving 2024 Uk

When Is Bitcoin Halving 2024 Uk. Bitcoin halving is the process in which the reward for bitcoin miners is cut in half, reducing by 50% the rate of new bitcoin issuance. Said differently, there's a 50% reduction.

Every four years, bitcoin goes through this halving process, cutting the reward. We then use this block time (currently 9.85 minutes between blocks) to estimate the halving.