{"id":442256,"date":"2022-05-05T13:45:21","date_gmt":"2022-05-05T10:45:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-celebrates-halfway-to-the-halving-with-new-hash-rate-record\/"},"modified":"2022-05-05T13:45:21","modified_gmt":"2022-05-05T10:45:21","slug":"bitcoin-celebrates-halfway-to-the-halving-with-new-hash-rate-record","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-celebrates-halfway-to-the-halving-with-new-hash-rate-record\/","title":{"rendered":"# Bitcoin celebrates halfway to the halving with new hash rate record"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a37351d09de9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a37351d09de9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-celebrates-halfway-to-the-halving-with-new-hash-rate-record\/#%E2%80%9D_Bitcoin_celebrates_halfway_to_the_halving_with_new_hash_rate_record_%E2%80%9C\" >&#8221; Bitcoin celebrates halfway to the halving with new hash rate record  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_celebrates_halfway_to_the_halving_with_new_hash_rate_record_%E2%80%9C\"><\/span>&#8221; Bitcoin celebrates halfway to the halving with new hash rate record  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving.\u00a0<\/p>\n<p>In Block number 735,000, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mempool.space\/\">mined<\/a> at <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 10:29 UTC, Bitcoin crossed the halfway point to the next halving. The block was mined by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/btc\/block\/000000000000000000055fc826f66e3b1135096a9d12ff75804815d3d1c72cd8\">Poolin<\/a>, earning\u00a00.16215354 BTC ($6,402.45) in fees.\u00a0<\/p>\n<p>Halvings occur every 210,00 blocks, and May 5 marks the cross-over point into the second leg of 105,000 blocks. For some Bitcoiners, such as Samson Mow, the Bitcoiner pioneering Bitcoin nation-state adoption, the halving is a reminder to stack more SATs:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">WE ARE HALFWAY TO THE NEXT HALVING AND YOU HAVEN\u2019T STACKED ENOUGH <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\">#BITCOIN<\/a> YET.<\/p>\n<p>\u2014 Samson Mow (@Excellion) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Excellion\/status\/1522085959780618240?ref_src=twsrc%5Etfw\">May 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe halving cycle is a unique device that envelops the Bitcoin issuance rate. As the Cointelegraph Cryptopedia explains, \u201cAs a result of the halving cycle, the supply of available Bitcoin decreases, raising the value of Bitcoins yet to be mined.\u201d\u00a0<\/p>\n<p>The halving is key in determining the supply of Bitcoin \u2013which recently crossed the milestone 19 million mark\u2013 and the issuance rate, currently at 6.25 new BTC per roughly 10 minutes. In essence, roughly $250,000 worth of BTC is minted with every new block. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/94bede34-172d-4c99-8ab8-9a2609ba97f6.png\"><\/figure>\n<p>The next halving is due to take place in April 2024, and the previous halving occurred on 11th May 2020 as Bitcoin entered its fourth \u201cepoch.\u201d The system will continue until roughly 2140 when the last Bitcoin is mined.<\/p>\n<p>The issuance rate and the &#8220;supply shock&#8221; that accompanies the halving have a significant impact on the price:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/1f248dc3-9ede-4043-b033-080713333a10.png\"><\/figure>\n<p>As shown in the box above, the Bitcoin price has increased by a factor of 100 since the 2012 halving to reach the previous halving price. With current price levels around the $40,000 mark, the price has done another 4x.\u00a0<\/p>\n<p><strong><em>Related:\u00a0<u>Happy birthday, Hal Finney: Crypto community honors world&#8217;s first known Bitcoiner<\/u><\/em><\/strong><\/p>\n<p>With typical Bitcoin \u201choney badger\u201d aplomb, the decentralized peer-to-peer electronic cash system also struck a new record: the mining hash rate hit an all-time high. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/8b1e0c43-e532-4d15-9fd1-ee69dbeecec9.png\"><figcaption style=\"text-align: center;\">Bitcoin hash rate keeps soaring higher and higher. Source: Glassnode<\/figcaption><\/figure>\n<p>The hash rate hit 249.1 exahashes per second (EH\/s) overnight on May 4th, pipping the previous all-time high by 1 exahash. In essence, with the hash rate consistently setting new highs, Bitcoin security\u2013as these computers or &#8216;miners&#8217; work to secure the network\u2013has never been stronger. <\/p>\n<p>Halfway to a halving and another ATH for the hash rate; it\u2019s another small celebration for Bitcoin amidst mini bear market woes. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-celebrates-halfway-to-the-halving-with-new-hash-rate-record\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin celebrates halfway to the halving with new hash rate record &#8220; Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving.\u00a0 In Block number 735,000, mined at approximately 10:29 UTC, Bitcoin crossed the halfway point to the next halving. The block was mined&#8230;<\/p>\n","protected":false},"author":1,"featured_media":442257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZjViZGZlODctYTkxMC00MTM3LWI0YzItOGI4ZjBjY2Y0MTY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,78828,74989,74894,78827,75462,74355,117,72287],"class_list":["post-442256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-mining","tag-blockchain","tag-halving","tag-hash-rate","tag-adoption","tag-business","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=442256"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/442257"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=442256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=442256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=442256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}