This weekend’s figures indicate that bitcoin miners are nearing a critical threshold, with fewer than 25,000 blocks remaining before the anticipated halving event. Once this milestone is reached, bitcoin miners’ rewards for each block, excluding transaction fees, will decrease to 3.125 coins post-halving, a sharp drop from the current rate of 6.25 BTC per block. The bitcoin community is keenly observing these developments, yet miners bear the brunt, facing a significant cut in their income.
Bitcoin Halving to Slash Miner Rewards by 52.5%: A Critical Countdown Underway
Presently, the blockchain stands at block height 815,315, with roughly 24,685 blocks to go until the fourth subsidy epoch or reward halving. Projections vary on when exactly the halving will happen, with some pointing to April 20, 2024, and others to a slightly later date of April 24, 2024. Still, there are predictions setting the event even earlier, on March 23, 2024, as block intervals have been a great deal faster
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