Bitcoin Halving Arrives: Block 630,000 is minted by Antpool
May 11, 19:23 UTC saw Chinese-based miner Antpool produce block 630,000 on the Bitcoin network, triggering Bitcoin’s third halving that drops block rewards from 12.5 BTC to 6.25 BTC The 2020 halving, happening in circumstances reminiscent of the 2008 financial...
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering...
Bitcoin’s Third Halving Complete: Reward Cut Surprisingly Faster Than Previous Time Estimates
The Bitcoin blockchain has experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, even though quite a few countdown clocks estimated that the halving would occur on May 12. Bitcoin miners now get 6.25 BTC per block rather than the...
Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole
The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data...Interesting 13
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