- The anticipated halving of the first cryptocurrency is expected to occur in April 2024.
- With less than 10,000 blocks remaining to be processed, miners are racing against time.
- Following the halving, the block reward will be slashed to 3,125 BTC.
According to the BitcoinBlockHalf portal, the upcoming halving on the Bitcoin network is projected to take place on April 21, 2024. With the number of remaining blocks standing at less than 10,000, the event is approaching.
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As of now, miners have approximately 9,889 blocks left to process, which corresponds to about 68 days until the next halving. Afterward, the reward for mining a Bitcoin block will be reduced from 6.25 BTC to 3.125 BTC.
Halving events occur roughly every four years, but their exact timing is influenced by various factors, including miner activity.
Bernstein analysts have predicted an uptrend in the shares of Bitcoin mining companies leading up to the halving. Among the enterprises singled out, Riot Platforms and CleanSpark stand out as noteworthy Bitcoin miners.
It is worth noting that in February 2024, the difficulty of Bitcoin mining reached an all-time high. Since its last adjustment, the indicator has surged by 7.33%, reaching a level of 75.50 T.
We previously reported on the accusation that the U.S. government sought to dismantle the Bitcoin mining industry in the country.