Bitcoin: Halving Mining Rewards - Thursday Morning

Published on November 24, 2012

Bitcoin: Halving Mining Rewards - Thursday Morning

    Roughly on November 29, at 4 a.m. Moscow, the first event will occur that radically distinguishes Bitcoin from the vast majority of currencies (both electronic and real): the mining reward will be halved from 50 to 25 BTC per block.

    This halving means that half the bitcoins that will ever exist were mined - their number will never exceed 21 million.

    Opinions on the impact of this event on the market are divided - someone says that mining on the GPU will no longer be profitable and we will face a drop in complexity, someone will expect a boom in the exchange rate, someone thinks that the upcoming drop in bitcoin supply has already been realized by all market participants and is included in the price.

    Related links:
    Real-time estimation of halving time
    Exchange situation