bitcoin halving

Bitcoin halving is process of decrease in reward for miners effort. This will continue until the last bitcoin is mined. And the final bitcoin is predicted to be mined around the year 2140.

When miners solve mathematical problems with their hash power to verify transactions on bitcoin blockchain and secure the chain, they earn an amount of bitcoin (block reward) as payment for their proof of work (PoW). This rewarding process is so crucial for bitcoin blockchain. Every 210,000 blocks or every four years that bitcoin reward is halved. This situation is called ‘Bitcoin Halving’. Satoshi Nakamoto programmed/explained it at the beginning this digital freedom era.

Remember that only 21,000,000 BTC exists and about 18.400.000 BTC are in circulation as of May 8, 2020, which means there only are 2,400,000 BTC left as mining reward. Therefore, Bitcoin halving is a big phenomena for BTC price.

Bitcoin Halving News

Next bitcoin halving will be on 12 May 2020. So, 3 days (72 hours) remained for it. After May 12, 2020, miners will only be paid a total of 6.25 btc per block added to bitcoin blockchain. This has happened 2 times before ( 2013 and 2017). Here are some scenarios for miners and possible bitcoin price moves over time before and after bitcoin halving.

How BTC Price has Changed during Previous Halvings?

The BTC reward was 50 BTC for each block in the chain in 2009. During the first halving, the reward reduced from 50 to 25 BTC. Then, the second halving led to decrease the reward from 25 to 12,5 BTC for a block in a chain. On 12 May 2020, there ward will be 6,25 BTC for a block.

During the first halving, the price risen from $10 to $1,150 and the price was $650 during the second halving. After the second halving, the price increased by $20,000.


To put it in another way, let’s say you are a gold miner and the gold you can mine decreases every four years. Price change will be inevitable for gold, so its price would increase theoretically. However, please, always remember it is not a certain rule that the price increases after halving.

After Bitcoin Halving

As explained above, halving is a big phenomena for the price. Halving means that the miners will get 50% less BTC rewards (6.25 btc per block), which can create a shortage for BTC in circulation. Then, the price may start to rise in value.

In addition to that, if the price is lower than the mining cost, there is a theoretical possibility that some of miners can leave the network, which can create insecurity in the system and decrease in price. However, at the same time most of miners would like to keep mining BTC in order to keep the price high because they have huge amount of Bitcoin in their wallet.

To sum up, we, editors, think that the second scenario will not work and the market will demand more BTC in time although less Bitcoin is mined. So, the BTC price will have increasing trend for long-term investment. As a result, each decrease in price should be considered as buying opportunity for the future.

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Bitcoin vs ethereum is the question from those who would like to know the differences to invest in better. Here we will list goods and bad for bitcoin and ethereum cryptocurrency. We will also talk about which one to invest regarding to their nature.

bitcoin vs ethereum

Bitcoin is a cryptocurrency that was announced by a anonymous software developer or group named themselves as Satoshi Nakamoto. The token bitcoin was used to reward networks provider, miners, as the value of transferred information. Bitcoin is also called Money 2.0 as an alternative to fiat currencies. The idea behind bitcoin to be secure, anonymous, reliable, open source, and more importantly decentralized unlike current banking system. As the leader of cryptocurrency world, it has a limited number of coin ever to be available, 21.000.000 btc. And its major attraction is mass adoption and security of blockchain that is supplied by miner around the world. Bitcoin uses SHA-256 algorithm for its blockchain. On October 2011, bitcoin was forked for the first time to create Litecoin. Then, on August 1, 2017, bitcoin forks again to form Bitcoin Cash, BCH.

Bitcoin has introduced a digital era of payment and named itself as the store of value that can be moved to anywhere without any other 3rd party involvement. It is most supported cryptocurrency and any wallet comes out will have bitcoin transaction support even before their own token.


Ethereum defines itself as the foundation for a new era of the internet. And it is launched in 2015 by Vitalik Buterin , and indeed Ethereum is the world’s leading programmable blockchain for developers. Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps). What can be done using ethereum blockchain;

  • Cryptocurrency wallets
  • Financial applications
  • Decentralized markets
  • Games ad many more

Ethereum uses ethash and offers building apps, programs, games, events, and even elections using ETH token. Even though there are many good things about ethereum coin, quantity in circulation and total number of coin is going up everyday. There is no certain number of coin that ethereum platform will release. Its founder Vitalik Buterin predicted, in 2016, circulating coin is not to pass 100M but this prediction was too low. There is a new organization which aims to keep circulating coins under 120M in order to provide economic sustainability.

Ethereum token is used in either trading on exchanges or running application on ethereum blockchain. That is why it is also called internet 3.0 among community.

There are four main ways to get Bitcoin or Ethereum.

Investing in Bitcoin vs Ethereum
DevoloperS. Nakamoto (Unknown)Vitalik Buterin
Price (March 2020)$5600$120
Quantity21.000.000>100M counting
Hard ForksLTC, BCH, BTG, BTD Ethereum Classic (DAO fork 2016)
DappNot yetYes
POS (Proof of Stake)NO ETH 2.0 (Planning)
Halving 3rd one in 2020 6 btc per block Unstable – Depends on Supply and block reward
UsagePayment/Reward SystemPayment & Programmable

Here we write about Bitcoin vs Ethereum in a short post. Please let us know if you have anything to say/ask in comments.

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