Criptomoedas/Halving

Bitcoin (BTC)

Bitcoin Cash (BCH)

Ethereum (ETH)

DASH

Tether (USDT)

Litecoin (LTC)

Chainlink (LINK)

Ripple (XRP)

Stellar (XLM)

TRON (TRX)

BitTorrent (BTT)

EOS

Dogecoin (DOGE)

IOTA

Cardano (ADA)

NULS

BNB

Ethereum Classic (ETC)

Bitcoin SV (BSV)

OmiseGO (OMG)

Tezos (XTZ)

BRZ

Monero (XMR)

Halving

1. What is halving?

To better understand halving, we shall first comprehend the concept of cryptocurrency mining. Mining is the process of adding new transaction records to the public ledger of past transactions. When a block is discovered, the discoverers, aka, the miners, will be rewarded with a certain amount of cryptos, which is accepted by everyone in the network.

Halving is a mechanism created to reduce the reward value of each block mined and authenticated. Since the reward is halved every 210,000 blocks and the average time to produce one block is around 10 minutes, a halving occurs approximately every 4 years and a half.

Take Bitcoin as an example. The reward is currently 12.5 bitcoins for each block. Before the last halving took place in 2016, the reward was 25 bitcoins for each block.

The maximum supply of Bitcoin is 21 million, therefore, there will be a total of 32 halvings by the year 2140.

Bitcoin's next halving is coming in May 2020.

2. Will the price of a crypto increase due to its halving?

Halving effectively distinguishes cryptocurrencies from fiats in the fight against excessive inflation, and helps to balance the relationship between supply and demand.

The logic is quite simple: if the value of the mining reward forever remains the same, more and more coins will be mined, and the crypto’s value will shrink over time.

Bitcoin's first halving took place on November 28, 2012, bringing a decrease of reward from 50 BTC to 25 BTC for every mined block. Subsequent to the first halving, the price increased from $ 12.31 to $ 260 in just 4 months. Later on July 10, 2016, the second halving further reduced the reward amount to 12.5 BTC. Following the first second, the world had witnessed Bitcoin went all the way from $ 650.63 to $ 20,074.

It is statistically reasonable to believe that the price of Bitcoin will increase again subsequent to the third halving.

3. Which cryptocurrencies will halve in 2020?

Crypto
Estimated time
Count
Current reward
Reward after the halving
ETC (Ethereum Classic)
March
1st halving
4
3.2
BCH (Bitcoin Cash)
April
1st halving
12.5
6.25
BSV (Bitcoin SV)
April
1st halving
12.5
6.25
BTC (Bitcoin)
May
3rd halving
12.5
6.25
DASH
June
1st halving
3.6
3.37

4. How to benefit from the halving?

Assuming that each halving will bring a new wave of appreciation, a good tip is to start buying Bitcoins and other cryptocurrencies and do HODL for long-term profit.