đŁ And 11 years ago yesterday, the first Bitcoin halving took place âïž
đ On November 28, 2012 - 3 years and 10 months after the first Bitcoin block was mined - the first halving event took place.
At the time, Bitcoin was trading approximately 12,308,200% below its current price of #Bitcoin .
đž â«ïžBefore the first halving occurred, the mining reward was 50 Bitcoins per block.
đž â«ïžAfter the first halving event in 2012, the mining reward was reduced to 25 BTC, and then after the second halving in 2016, it was reduced to 12.5 BTC.
đž â«ïžBitcoin's last halving took place in 2020 and the mining reward was reduced from 12.5 BTC to 6.25 BTC.
đ„ Bitcoin's fourth halving is now expected to occur on April 17, 2024.
