anibalsantaella

Bitcoin Halvings and Market Cycles

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Bitcoin Controlled Supply

Bitcoin are “minted” during the creation of each block at a fixed and diminishing rate. Each block, generated on average every 10 minutes, contains entirely new bitcoin , created from nothing. Every 210,000 blocks, or approximately every four years, the currency issuance rate is decreased by 50%. For the first four years of operation of the network, each block contained 50 new bitcoin . (Book: Mastering Bitcoin 2nd edition, page 215)

Genesis Block, block "0", January 3rd 2009

Reward Era #1
Subsidy per block= 50 Btc
Blocks {0 — 209999}
Btc added= 10,500,000 Btc

Halving 1 at block 210000, 28th November 2012

Reward Era #2
Subsidy per block= 25 Btc
Blocks {210000 — 419999}
Btc added= 5,250,000 Btc

Halving 2 at block 420000, 9th July 2016

Reward Era #3
Subsidy per block= 12.5 Btc
Blocks {420000 — 629999}
Btc added= 2,625,000 Btc

Halving 3 at block 630000, 11th May 2020

Reward Era #4
Subsidy per block= 6.25 Btc
Blocks {630000 — 839999}
Btc added= 1,312,500 Btc

Halving 4 at block 840000, ETA May 2024

Reward Era #5
Subsidy per block= 3.125 Btc
Blocks {840000 — 1049999}
Btc added= 656,250 Btc


Aníbal Santaella (@a_santaellas)
Comment: Reward era # 1 - Halving 1

Comment: Reward era # 2 - Halving 2

Comment: Reward era # 3 - Halving 3

Comments

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