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The 2024 Bitcoin halving is one of the most anticipated events in the cryptocurrency space. This event will reduce the block reward for miners from 6.25 BTC to 3.125 BTC per block. The exact date of the halving is not fixed to a calendar date but is determined by block height. The 2024 Bitcoin halving is expected to occur at block height 840,000.
Based on current network difficulty and hash rate projections, the 2024 Bitcoin halving is estimated to occur around April 2024. However, the precise date may vary depending on Bitcoin\“s block production rate, which averages one block every 10 minutes. Investors and miners should monitor the approaching block height to prepare for this significant reduction in new Bitcoin supply.
The Bitcoin halving mechanism is coded into Bitcoin\“s protocol to occur every 210,000 blocks, approximately every four years. This deflationary feature helps control Bitcoin\“s monetary supply and has historically correlated with significant price movements in the months following previous halving events. |
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