What is Halving? Halving is a relatively original mechanism in the world of cryptocurrencies such as Bitcoin, Litecoin, Bitcoin Cash, and Ravencoin. Its purpose is to ensure a smaller volume of coins in the market, effectively increasing their value. There is a predefined block at which halving occurs, which results in a reduction of miners' rewards by half. Consequently, miners, who usually sell the highest volume of a particular cryptocurrency, receive half the rewards, leading to a decreased supply of the coin.
Cryptocurrencies Affected by Halving Halving is not exclusive to Bitcoin. Other cryptocurrencies that have experienced halving include Litecoin, Bitcoin Cash, and Ravencoin. This year, we can expect halvings for Bitcoin and the altcoin, Bitcoin Cash (BCH).
Bitcoin Halving Schedule Halving for Bitcoin takes place every 210,000 blocks. This year, it is estimated to occur on May 12th. The exact date and time depend on how quickly blocks are mined. Miners will see their rewards decrease from 12.5 BTC to 6.25 BTC.