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May 11, The block reward was reduced from BTC to BTC. ?. First bitcoin halving. The first halving occurred on November 28, , when the. The third Bitcoin halving took place on May 11, , and brought the block reward into the single digits, or BTC, to be more precise. During this halving. The Bitcoin Halving took place on May 11, The next Bitcoin halving is estimated to take place in March or April

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But the consequence of the decline in block rewards is that eventually, it will dwindle to nothing. The period between the Genesis block and the first Bitcoin halving in can be called the pre-halving period. The block reward is received by the miner that adds the next block to the Bitcoin blockchain, and it is the only way in which new BTC coins are created. If blocks are being added too slowly, the difficulty is decreased.

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Btc exam date 2018

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