User:Harisnaeem1993/sandbox

The Bitcoin halving cycle is a recurring event designed to reduce the rewards miners receive for validating transactions and creating new blocks on the blockchain. This reduction occurs roughly every four years, triggered by accumulating a certain number of blocks on the Bitcoin blockchain, currently set at 210,000.

The first reward was 50 bitcoin. Previous halving dates were:


 * Nov. 28, 2012, to 25 bitcoins
 * July 9, 2016, to 12.5 bitcoins
 * May 11, 2020, to 6.25 bitcoins

The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.