Crypto Mining Crunch Time - Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders

Crypto Mining Crunch Time - Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders

Gate Trade News Wednesday, March 25, 2020 15 0

On or around May 13, the BTC network will see a block reward reduction as miners will go from getting 12.5 coins per block to 6.25 coins following the halving. The last time the protocol’s block reward halved was on July 9, 2016, and the global economy looked a whole lot different back then. This time around, while BTC miners see reward reductions the world’s financial system has been crumbling and the digital asset’s value is much lower than it was four weeks ago.