Bitcoin Block Reward Will Half on May 13

BTC will half the block reward for the third time when the block height reaches 630,000, which is expected to occur on May 13. After halving, the mining reward will decrease from 12.5BTC to 6.25BTC.

Halving is an important content of the Bitcoin protocol. For every 210,000 blocks (about 4 years) generated, the block reward will be halved. After 32 halvings (expected in 2140), 21 million bitcoins will all dug. The first two halvings occurred in November 2012 and July 2016.

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