We’re halfway to halving. Bitcoin marks the milestone as its mining hash rate hit an all-time high.
, “As a result of the halving cycle, the supply of available Bitcoin decreases, raising the value of Bitcoins yet to be mined.”— and the issuance rate, currently at 6.25 new BTC per roughly 10 minutes. In essence, roughly $250,000 worth of BTC is minted with every new block.as Bitcoin entered its fourth “epoch.” The system will continue until roughly 2140 when the last Bitcoin is mined.
The issuance rate and the"supply shock" that accompanies the halving have a significant impact on the price As shown in the box above, the Bitcoin price has increased by a factor of 100 since the 2012 halving to reach the previous halving price. With current price levelsWith typical Bitcoin “honey badger” aplomb, the decentralized peer-to-peer electronic cash system also struck a new record: the mining hash rate hit an all-time high.The hash rate hit 249.
Halfway to a halving and another ATH for the hash rate; it’s another small celebration for Bitcoin amid
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