Happy Bitcoin Halving Day
Published in
6 min readMay 11, 2020
Well, it happenened. From Block 629,999 to Block 630,000, the mining reward was halved from 12.5 BTC to 6.25 BTC:
and [here]:
The genesis block was Block 0 [here] and received a 50 BTC block reward:
In 2008, Satoshi Nakamoto, outlined a paper in which he defined a cryptocurrency which could be mined, and where the miners were paid for producing the hash of the current block. He set-out that the currency would eventually run out, so he defined that the mining reward would half a given times. He started with a massive reward of 50 BTC, and today it reached 6.25 BTC:
