Browsing: halving

Bitcoin miners took in $1.001 billion in revenue in August, just the reward alone. Separately, transaction fees accounted for $7.1 million or 0.7044% of the $1.008 billion total collected last month, according to newhedge.io analytics.

Most people assume that a Bitcoin halving is a single dramatic event, a switch that flips and sends the price upward. The reality is more mechanical and less certain. A halving is a pre-programmed reduction in the number of new bitcoins created with each block. It is written into the protocol and has been since…