#block subsidy

Bitcoin is having a strangely quiet year on-chain. After a wave of speculative flows in 2024, the network now moves with near-clockwork efficiency. The average block size has contracted, daily fees are less than half what they were in January, and the fee-to-reward ratio has dropped toward levels last seen in the year before the Ordinals and Inscription booms. Price, however, hasn’t followed the…

In under 280 days, Bitcoin’s blockchain will undergo its fourth reward halving event, slicing the block subsidy from 6.25 BTC to 3.125 BTC. The crypto community is abuzz with chatter, contemplating how these substantial decreases in block rewards will transpire over the ensuing two decades, and speculating on how miners will cope with the impending reductions. The following is a glimpse at the…

Bitcoin, the largest cryptocurrency by market capitalization and trading volume, sets another record with Block 788695 as transactions on its blockchain network spiral out of control. Recently, there has been an alarming rise in user transactions on the Bitcoin blockchain, leading to network traffic and congestion. This has increased miner profitability significantly as transaction fees skyrocket…

Mining Difficulty Expected to Spike 6.8% to Reach All-Time High

Despite a rough week for bitcoin, the competition between miners approaches its highest level since Jan. 2022. Hash rate and difficulty are up in Aug. 2022 as miners rejoin the network after a months-long capitulation phase accompanied by rising operating costs. Hash rate measures computing power on a network such as bitcoin’s network. Its value is often estimated. Difficulty measures how much…