OT: 3.125 BTC

[pseudonym]

We are 0 blocks away from the fourth bitcoin halving event. The supply issuance decreased from 6.25 BTC every ~10 minutes to 3.125 BTC every ~10 minutes.

For those that want to learn (6 min read):

What Is a Bitcoin Halving? | River Learn - Bitcoin Mining

The bitcoin halving cuts the mining reward in half every 210,000 blocks or about every 4 years. What effect does this have on Bitcoin’s future value?

river.com

• Every 210,000 blocks or roughly 4 years, the amount of new bitcoin miners can mint per block is cut in half.
• From 2009-2013, 50 BTC were minted per block. After 34 halvings, the total supply of Bitcoin will cease growing and rest at just below 21 million BTC.
• Block rewards are critical to incentivizing miners in the early years, but as the block reward shrinks in size, miners will need to draw revenue from transaction fees.
• Miners usually exert sell pressure on the market by selling the block rewards to cover their high operating costs. When these rewards are cut in half, sell pressure may also decrease, yielding a price rise.

You can watch it happen in real-time using this block explorer:

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

mempool.space

Block 840,000 is the halving block.

You can also follow along on the livestream:

Next Bitcoin Halving: Countdown to Block 840,000

Bitcoin Magazine and Kraken, as well as other key sponsors, present the 2024 Bitcoin Halving Livestream with the top 21 moments of the last epoch. Ring in the new cycle with this can't miss celebration!

www.bitcoinhalving.com

 

[dorndawg]

 

[mstateglfr]

You can watch it happen in real-time using this block explorer:

Isn’t it just my luck that I have already committed to similarly interesting but not quite as cool things like watching grass grow and watching paint dry.

 

[pseudonym]

I'm not in Jackson, but for those that are:

JXN MISS Bitcoin Meetup #24 - Bitcoiner Events

LOCATION: Fertile Ground Brewery!!! Tick, tock… Another Block! Bitcoin marches on! Interested in Bitcoin? Whether you’re newly interested or hardcore, all are welcome. We’ll get together to discuss the latest …

www.bitcoinerevents.com

 

[pseudonym]

We successfully enforced the protocol’s monetary policy. Next halving in four years.

bitcoin price at halving:
2020-$9,300
2024-$63,800
2028-??

 

[Mobile Bay]

Bitcoin is a ponzi scheme created to collapse the entire economy to establish a fascist world order. I learned this from a flyer distributed today by a very committed believer.

 

[Bobby Ricigliano]

Bitcoin is a ponzi scheme created to collapse the entire economy to establish a fascist world order. I learned this from a flyer distributed today by a very committed believer.

Did he set himself on fire?

 

[jethreauxdawg]

Bitcoin is a ponzi scheme created to collapse the entire economy to establish a fascist world order. I learned this from a flyer distributed today by a very committed believer.

Was he pro Bitcoin?

 

[jethreauxdawg]

I bought the ET dip earlier this week, and it’s up about 5% since I bought. Not Bitcoin money, but my slow money is gaining steam.

 

[pseudonym]

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