Bitcoin Halving is an event that takes place every years. The community is super excited and cannot wait for the block reward to fall by 50%. Today we want to present our new service- Bitcoin Halving Countdown 2020 to help you count days until the event!
What is Bitcoin Halving?
Basically, Bitcoin Halving is an event that takes place very 4 years. It`s main purpose to reduce the block reward by 50%. This event is largely anticipated by the community because many expect that the price will increase, or at least consolidate (based on previous observations). Bitcoin Halving also has a physiological effect because long-term investors and holders realize that the cryptocurrency becomes a scarce asset.
Bu what is more importantly, because the block reward will be reduced by a half, it will become harder for miners to mine Bitcoins. Less Bitcoins mined means that there is less of selling pressure on the market. This is by far the most important consequence of Bitcoin Halving.
What is Block Reward
This is the reward that miners obtain for each block that they find. Current block reward is 12.5 BTC. Once the halving event occurs, block reward will fall to 6.25 BTC.
How many days left till Halving?
This is the main purpose of this article. Google trends have showed an increase in searches for Bitcoin Halving. People ask questions on what is Halving and what will happen next. However, the most important one is when the even will occur. Bit4Sale want to present you a new service that we have released just recently: Bitcoin Halving Countdown tool. This tool will tell you exactly how many days, hours and minutes left until the halving event occurs. Additionally, we have answered all you most frequent questions about halving. This FAQ answers questions on what is halving, past halving dates, block rewards etc.
This tool in incredibly simply to use. All the data we gather is real tome, meaning that the information we present is 100% accurate and reflects the true facts.
Please feel free to use the tool. Additionally, it has a "Share" button so you`ll be able to share the tool with your readers on Twitter, LinkedIn or Facebook.
Happy Bitcoin Halving!