Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Holds Ground as Third Halving Event Happened without Glitch

Bitcoin Holds Ground as Third Halving Event Happened without Glitch

Kelly Cromley by Kelly Cromley
May 12, 2020
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

The third halving event of Bitcoin (BTC), one of the most watched events in cryptocurrency history, went through successfully yesterday.

The once in four years event saw the Bitcoin mining reward (block validation) going down by 50% to 6.25 BTC, from 12.50 BTC.

Bitcoin’s third halving event happened at 3:23 pm EST Monday, as per data from Tradeblock.com. Following the halving event, Bitcoin, at the time of writing this article, was trading at $8,747, reflecting a gain of 0.7%, indicating a market dominance of 67%, as per Coin360.

As mentioned earlier, this is the third halving event, interestingly, after the first Bitcoin block was generated in 2009.

The event, happening after every the completion of every 210,000 blocks, results in halving the mining reward by 50%.

Usually, it takes about four year for the valdating 210,000 blocks. At the end of the first Bitcoin halving in 2012, the block reward was cut from 50 BTC to 25 BTC.

The reward was further decreased to 12.5 BTC, from 25 BTC at the end of second halving event which took place in 2016.

As the supply is limited to 21 million coins, Bitcoin halving events are expected to continue until 2140 or until the creation of the 21-millionth BTC.

Notably, at that time, block reward would go down to 1 satoshi, the smallest unit of Bitcoin (0.00000001 BTC). Currently, 18.375 million Bitcoins are in circulation as per data provided by blockchain.com.

The earlier halving events had considerable effect on the price of Bitcoin and so this time around, there was heavy speculation regarding the price trend.

While some of them had forecast no major impact on Bitcoin price, following the halving event, some of them had predicted a significant impact on the price due to a reduction in Bitcoin supply.

Even though there is no concrete evidence of correlation between Bitcoin price and halving event, still, it has a straight forward impact on miners.

Several cryptocurrency professionals forecast that the latest halving will motivate miners to stop generating new Bitcoin as a large number of mining gadgets will turn out to be obsolete.

As per mining pool Poolin’s vice president, Alejandro De La Torre, a several unprofitable miners had started turning off their mining hardware before the halving even took place yesterday.

Previous Post

YouTube Unanimously Cancels Cointelegraph’s Live-stream on Bitcoin Halving Event

Next Post

Miner BHP to Use Blockchain Platform for Shipping Iron Ore to China’s Baosteel

Related Posts

reward-wallet-and-defi-cattos-partner-for-web3-gaming

Rewardy Wallet and DeFi Cattos Forge Web3 Gaming Alliance

by Kelly Cromley
Jun 17, 2025
0

Rewardy Wallet has entered into a strategic collaboration with DeFi Cattos, a Telegram-based blockchain game operating on the Aptos network,...

paypal-unveils-pyusd-stablecoin-on-stellar-blockchain

PayPal Expands PYUSD Stablecoin to Stellar Blockchain

by Kelly Cromley
Jun 17, 2025
0

PayPal Holdings, Inc. has taken a significant step toward strengthening its presence in the blockchain space by expanding its PYUSD...

aethir-and-project-zero-partner-to advance-ai-native-web3

Aethir and Project Zero Forge Future of AI-Native Web3

by Kelly Cromley
Jun 17, 2025
0

Aethir and Project Zero have entered into a forward-thinking partnership that aims to redefine the convergence of blockchain technology and...

agii-unveils-secure-logic-shards

AGII Unveils Secure Logic Shards to Reinvent Smart Contracts

by Kelly Cromley
Jun 17, 2025
0

AGII has introduced a transformative technology called Secure Logic Shards, aiming to redefine smart contract execution in the Web3 landscape....

World’s First Spot XRP ETF Crashes 20% on Launch Day

World’s First Spot XRP ETF Crashes 20% on Launch Day

by Mostafijur Rahman
Jun 16, 2025
0

In a dramatic twist that caught both institutional and retail investors off guard, the world’s first spot XRP ETF crashed...

AEON partner with Bybit

Bybit Integrates AEON to Power Seamless Web3 Payments

by Kelly Cromley
Jun 16, 2025
0

AEON, a next-generation cryptocurrency payment infrastructure provider, has joined forces with global crypto exchange Bybit to deliver streamlined Web3 mobile...

Next Post
Miner BHP to Use Blockchain Platform for Shipping Iron Ore to China’s Baosteel

Miner BHP to Use Blockchain Platform for Shipping Iron Ore to China’s Baosteel

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

reward-wallet-and-defi-cattos-partner-for-web3-gaming
Market News

Rewardy Wallet and DeFi Cattos Forge Web3 Gaming Alliance

by Kelly Cromley
Jun 17, 2025
paypal-unveils-pyusd-stablecoin-on-stellar-blockchain
Market News

PayPal Expands PYUSD Stablecoin to Stellar Blockchain

by Kelly Cromley
Jun 17, 2025
aethir-and-project-zero-partner-to advance-ai-native-web3
Market News

Aethir and Project Zero Forge Future of AI-Native Web3

by Kelly Cromley
Jun 17, 2025
agii-unveils-secure-logic-shards
Market News

AGII Unveils Secure Logic Shards to Reinvent Smart Contracts

by Kelly Cromley
Jun 17, 2025
AEON partner with Bybit
Market News

Bybit Integrates AEON to Power Seamless Web3 Payments

by Kelly Cromley
Jun 16, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • ETF
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree