RATE Group | Bitcoin halving sees mining profits slashed for third time
88071
post-template-default,single,single-post,postid-88071,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin halving sees mining profits slashed for third time

12 May Bitcoin halving sees mining profits slashed for third time

Posted at 10:10h in Cryptocurrency News by

Bitcoin has surpassed a significant technical milestone that saw rewards for mining activity halved for the third time in the cryptocurrency’s 11-year history.

Occurring roughly every four years, a so-called halving (or halvening) event cuts the reward for successfully validating a new “block” in half. The latest halving saw compensation fall from 12.5 to 6.25 bitcoin – or from roughly $110,000 to $55,000 at current market rates.

Source link

Tags:
, , , , , ,