Summary
TLDR: Bitcoin underwent its fourth mining subsidy halving, with rewards decreasing. The 840,000th block had high fees, someone paid $430,000 to be part of it. Celebrations on Crypto Twitter and at bitcoin bar PubKey in New York City. Price movements after halving were not dramatic. Scarcity of bitcoin increased. Next halving is in approximately 1,400 days.
Key Points
1. The network underwent its fourth mining subsidy halving, with per-block rewards falling from 6.25 BTC to 3.125 BTC.
2. The 840,000th block had 37.626 BTC in fees, totaling $2.4 million for ViaBTC, the Chinese mining pool that scored the winning block.
3. Someone paid nearly $430,000 in fees to get their transaction in the 840,000th block, making it an expensive way to become part of history.