501DAYS, 19HOURS, 49MINUTES left for the next BITCOIN halving

What is the Bitcoin Halving (Halvening)?

New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the number of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half.

In 2012, the number of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.

In the upcoming 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.

Bitcoin halving dates history

2012 halving

The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

New BTC Per Block Before: 50 BTC per block

New BTC Per Block After: 25 BTC per block

Price on Halving Day: $12.35

Price 150 Days Later: $127.00

2016 Halving

The second halving occurred on July 9th, 2016.

New BTC Per Block Before: 25 BTC per block

New BTC Per Block After: 12.5 BTC per block

Price on Halving Day: $650.63

Price 150 Days Later: $758.81

2020 Halving

The third halving occurred on May 11, 2020.

New BTC Per Block Before: 12.5 BTC per block

New BTC Per Block After: 6.25 BTC per block

Price on Halving Day: $8821.42

Price 150 Days Later: $10,943.00

Current Bitcoin Block Subsidy

The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.

Source

The next bitcoin halving is less than two years, to me, this period will be different because, for the first time, I really am paying attention to important aspects of btc and keeping myself updated as well. I can't really say much about previous halving other than just reading about them (probably because I was not holding btc) but now is different because I have been accumulating in every little way I can.