# Bitcoin halving

**Published by:** [shmops](https://paragraph.com/@shmops/)
**Published on:** 2024-02-13
**URL:** https://paragraph.com/@shmops/bitcoin-halving

## Content

Bitcoin halving is an event that occurs when a certain block in the bitcoin blockchain is reached. During a halving, the reward for mining a new block is halved, which reduces inflation and limits the total number of bitcoins that can be mined. Halving occurs every 210,000 blocks, which is roughly equal to 4 years. The first bitcoin halving occurred in 2012, when the reward for a mined block decreased from 50 to 25 bitcoins. Then in 2016, a second halving occurred and the reward decreased to 12.5 bitcoins. The next halving occurred in May 2020, and the reward per block became 6.25 bitcoins. Bitcoin halving is significant for the cryptocurrency community as this event affects the supply and demand for bitcoin. Reducing the reward for mining can also affect the price of bitcoin as it reduces the available number of new coins on the market. The halving of bitcoin is one of the key moments in the life of this cryptocurrency and continues to attract the attention of investors and tech experts around the world.

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