Summary
Bitcoin halving occurs every 210,000 blocks, roughly every four years. It is scheduled to happen automatically at blockheight 840,000. Satoshi Nakamoto designed the system so miners find the next block every 10 minutes, making it easy to predict the timing of the halving.
Key Points
1. The Bitcoin halving occurs every 210,000 blocks, or roughly every four years, and is scheduled to happen automatically by the network at blockheight 840,000.
2. Bitcoin miners “find” the next block to add to the blockchain every 10 minutes, making it easy to predict when the next halving will occur down to the minute.
3. The halving event is a significant moment in Bitcoin’s history, as it reduces the reward for mining new blocks in half, which can impact the supply and demand dynamics of the cryptocurrency.