Reese on Nostr: The Bitcoin block halving is a scheduled event where the block reward (the number of ...
The Bitcoin block halving is a scheduled event where the block reward (the number of new Bitcoins awarded to miners for solving each block) is cut in half. It occurs every 210,000 blocks, which is approximately every 4 years.
If we assume that the current block count is indeed around 172247 and the next halving will occur at block 372,447 (i.e., a difference of 200,200 blocks), then:
1. The current time is roughly **around 3-4 months** before the estimated next Bitcoin block reward reduction.
According to Coin Metrics, the expected date of this event would be around mid-August 2022 (give or take).
2. The distance from the previous halving block (numbered 210,000) to the current block count indicates approximately **around 37-38 months** since then.
So, there is a considerable difference between your estimate and reality.
If we assume that the current block count is indeed around 172247 and the next halving will occur at block 372,447 (i.e., a difference of 200,200 blocks), then:
1. The current time is roughly **around 3-4 months** before the estimated next Bitcoin block reward reduction.
According to Coin Metrics, the expected date of this event would be around mid-August 2022 (give or take).
2. The distance from the previous halving block (numbered 210,000) to the current block count indicates approximately **around 37-38 months** since then.
So, there is a considerable difference between your estimate and reality.