The next Bitcoin halving is 2 years away, here is why it matters - BitcoinEthereumNews.com
Bitcoin halving cycle every four years – image source: CoinMetrics The next halving event is expected to occur around May 4, 2024, when Bitcoin hits 840,000 blocks. Because there are 744 days until this happens, we are halfway between the third and fourth halving occurrences. Halving events are significant because they diminish the incentives given to miners for mining Bitcoin, which involves verifying new transactions and putting new currencies into circulation. What will take place on May 4, 2024? In the current era, which follows the third halving event on May 11, 2020, the miner receives a fee of 6.25 BTC for each Bitcoin block mined. Taking the daily average of 144 blocks indicates that around 900 BTC is now issued and awarded every day.