How does Bitcoin’s block halving work on an engineering level? We explain with help from Andreas Antonopoulos. In a recent video, Antonopoulos explained the Bitcoin Core code that controls the halving of the Bitcoin (BTC) block reward in detail. Bitcoin halving code. Source: Bitcoin Core Software. Line by line explanation Every time a Bitcoin block is evaluated or a new block is mined, the function GetBlockSubsidy gets called. Its purpose is to calculate the appropriate size of the block reward. Line 1240 evaluates the halving cycle and divides the current block height by 210,000; the interval between the halving. At …

Will Bitcoin break 10K today? What are the consequences of the upcoming Bitcoin Halving? Why do many Wall Street investors advise clients to buy Bitcoin now? Tune in to Cointelegraph’s YouTube channel to join traders Tone Vays and Charlie Burton in our first live Crypto Markets show. At the end of the show, we will host a Q&A session, so post your questions, we will choose the best ones to ask our guests. And don’t forget to subscribe to our channel!

Miners have sold less Bitcoin (BTC) over the past seven days as the highly anticipated block reward halving approaches. This means that miners expect the price of Bitcoin to increase substantially over time after the halving occurs. The Bitcoin halving, which is set to occur on Tuesday, occurs approximately every four years. When triggered, it decreases the amount of Bitcoin that miners are rewarded with for their troubles. Since new Bitcoin is introduced to the market by miners selling it, the halving drops the rate in which new Bitcoin is introduced. Given the deflationary nature of Bitcoin, any event that …

Chinese mining hardware company Bitmain has admitted to having issues with some of Antminer S17 units. “Antminer is paying close attention to the issues of some products from the 17 series, which has recently been mentioned by the media,” a Bitmain spokesperson told Cointelegraph on May 6, adding: “During this process, we have begun to negotiate solutions with customers who have encountered issues from the product. Antminer has always been adhering to the concept of placing customers first. If any customer has any product issues, please contact the official customer service of Antminer at any time.” As recently reported by …

On May 4, CoinShares Research put out its ranking of the likelihood of various halving scenarios as well as their potential impact on the industry. Bitcoin (BTC) halving has captivated the imagination of the crypto industry and there is no lack of outlandish predictions forecasting anything from the death spiral that will destroy the Bitcoin network, to the one predicting its parabolic rise. Earlier today, this subject was also discussed in another episode of Cointelegraph Talks. In the latest post, CoinShare’s head of research, Christopher Bendiksen, analyzed five of the most popular scenarios and concluded by proposing his own. Source: …

Mike McGlone, Bloomberg’s senior commodity strategist, in his latest Bitcoin report remains bullish on the “first-born” crypto and points to the advantage it holds over its hedging rival gold: “Unlike quasi currency brethren gold, higher prices won't be an incentive for more supply.” Is BItcoin’s supply inelastic? McGlone alludes to the fact that in most commodity markets, greater demand leads to higher prices, which in turn leads to greater production of the commodity and price stabilization. However, Bitcoin’s supply is controlled with code. Moreover, the rate of production of new Bitcoin will be halved next week. Although an argument could …

As part of the most recent edition of Cointelegraph Talks on May 5, Bitfinex CTO Paolo Ardoino, TradeBlock director of institutional research John Todaro, and Poolin mining pool VP Alejandro De La Torre came on today's panel, bringing a bevy of insights on Bitcoin's (BTC) upcoming halving, the COVID-19 pandemic and more. The current pandemic causes uncertainty Although Bitcoin largely lies outside the mainstream financial ecosystem the asset has still reacted to COVID-19 and its related mayhem. "COVID-19 has definitely had an impact on the space," Todaro said of crypto on May 5, noting the presence of uncertainty and increased …

With the halving just six days away, the crypto community is collectively holding on to their proverbial hats and counting down the days until the historic event takes place. Looking back, it’s quite amazing to see what has been achieved in the past four years since the last halving and how much the industry has matured. Regulation has taken giant leaps, venues have become more sophisticated and transparent, and institutions have begun to dip their toes in the once murky waters of crypto. Along with a reduced supply, all the conditions are perfectly aligned for a post-halving bull run, and …

For the past few months, the blockchain community has been abuzz about the Bitcoin (BTC) halving happening in May. With the backdrop of the ongoing coronavirus pandemic, Bitcoin has been performing extremely well, especially in comparison with commodities such as oil or gold that have traditionally been depended upon as a safe hedge against market volatility. Part of the conversation driving the price of Bitcoin upward is “the halving.” With two weeks left until the halving, what exactly is it, and why should investors pay attention to its existence? If what they say is true — with some predicting that …

Privacy coin Zcoin (XZC) has revealed the new block reward distribution that the project will introduce after its September halving after more than one year of community discussion. The new redistribution will see 15% of all block rewards diverted to a development fund. The funds will be diverted toward network infrastructure and core development including research into new privacy protocols and wallet development. Zcoin publishes post-halving block reward allocations After the September halving, 12.5 XZC will be produced per block. 50% or 6.25 XZC will be distributed to miners, while 35% of 4.275 XZC will go Znodes, and the remaining …

A majority of Chinese miners expect a huge influx of new Bitcoin (BTC) buyers within the next six months. According to a poll by crypto services firm RockX on May 4, 57% of Chinese miners expect a large number of new Bitcoin buyers to join the market in the near future. RockX claims to have polled 42 prominent Bitcoin miners and members of the Asian mining community. Respondents include F2Pool chief operating officer Yu Chao, TokenInsight partner Wayne Zhao, Pandaminer and OXBTC CEO Wilson Guo and Bitmain APAC head of sales Fan Xiaojun. Over 71% of the respondents also believed …

The Bitcoin (BTC) block subsidy halving is all anyone can talk about this week — but according to Google, it’s Europe that is most obsessed. Data from Google Trends shows that when it comes to searching “bitcoin halving,” western and central Europe is leading the way. BTC halving: 7 days to go... As Cointelegraph reported, search interest can often translate into adoption through channels such as major exchanges. Purchasing volumes have increased conspicuously since mid-March. As of press time on May 5, these five countries generated the most requests regarding the largest cryptocurrency’s most important coming of age. 5. Austria …