May 11, 19:23 UTC saw Chinese-based miner Antpool produce block 630,000 on the Bitcoin network, triggering Bitcoin’s third halving that drops block rewards from 12.5 BTC to 6.25 BTC The 2020 halving, happening in circumstances reminiscent of the 2008 financial crisis, cuts mining rewards by 50%. The event is coded into the Bitcoin protocol and more info…

The post Bitcoin Halving Arrives: Block 630,000 is minted by Antpool appeared first on Coinjournal.

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