• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Bitcoin Mining
Nexo Logo

Bitcoin Miners Receive Third Break This Year, Over 100K Blocks To Go Until The Halving

Saeed Hassan by Saeed Hassan
3 months ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Bitcoin miners are celebrating the third break this year as their computational power increased due to a decrease of 1.26% in difficulty. This means that they will be able to mine more Bitcoins, and with it comes an endless supply of new coins. Miners also have another 108,160 blocks left until halving happens on or around May 3rd, 2024, which could bring some significant profits if prices keep going up.

On March 03, Bitcoin’s difficulty adjustment algorithm (DAA) dropped by 0.35% and again on March 17 by 1.49%. This is the third time in 2022 that the DAA dropped by 1.26% on Thursday at a block height of 731,808. 

Related Reading | Can The 600-Day MA Support Line Push Bitcoin Again?

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Bitcoin saw a significant reduction in the difficulty adjustment algorithm on March 7, 2021. As a result, the DAA went down by 27.94%. This was one of the largest reductions in Bitcoin’s lifetime. However, since this change, the hashrate has increased.

With a 1.26% drop in DAA, miners find it easier to find the blocks. Two weeks ago, the difficulty was 28.59 trillion, and today with this decrease, the figures are 28.23 trillion. There are still 1,982 blocks left until the following DAA change.

BTC price
Bitcoin is currently trading below its $40,000 support level with a 3.35% decline | Source: BTC/USD chart from Tradingview.com

Presently, the difficulty adjustment algorithm is expected to increase in the following change. The next DAA is estimated on April 28th. So the following change will happen two weeks from now. Using today’s Bitcoin price, the current block subsidy of 6.25BTC is worth $252,781. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

More Bitcoin Pools Joining As Just Over 100,000 Block Rewards To Go Until The Halving

Bitcoin miners get closer every day toward the block reward halving expected to occur on or around May 4, 2024. Some estimates assume it may appear on May 3, 2024. As a result, things are turning favorably for miners. Miners can expect a significant boost in revenue with this new halving schedule.

After halving, miners will see their reward cut in half, from 6.25 Bitcoins per block to 3.125 BTCs per block. The network produces about 900 coins daily (144 blocks), and Bitcoin’s inflation rate is 1.74%. So far, 90% of all imaginable bitcoins have already been minted- there are only 988481.23 left.

Related Reading | TA: Why Bitcoin Price Could Eye Strong Recovery Above $41.5K

It’s been a smooth few days for the mining community as difficulty continues to change, making it easier to find Blocks. Foundry USA currently holds top honors among all other pools over the last three days. They found 72 blocks and 16.63% or 33.54 EH/s of hashpower.

In recent days, some more pools have joined. For example, there were 11 known Bitcoin mining pools two weeks ago, but now the numbers are 14. 

Price Analysis

Bitcoin is currently trading at $39,775 at the time of writing. The coin is below its $40,000 support level. Bitcoin price has decreased 3.35% in the past 24 hours and 8.48% in the past week. 

                 Featured image from Flickr.com, chart from Tradingview.com

 

Tags: bitcoinbitcoin miningcryptocurrencyhalvingMining pool
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Saeed Hassan

Saeed Hassan

Saeed Hassan is a finance and cryptocurrency enthusiast who has been writing about Bitcoin and the blockchain since 2016. He is an author at Bitcoinist and NewsBTC, and he also runs his blog, where he writes about all things related to crypto and finance. In his spare time, Saeed enjoys playing cricket and watching Marvel series.

Related Posts

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

7 hours ago
World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

13 hours ago
crypto bear

Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over?

16 hours ago
bitcoin

Why Bitcoin Could Return To $28,000, But By The End Of 2022

17 hours ago
$15k Possible Bottom For Bitcoin? “Delta Cap” Says So

$15k Possible Bottom For Bitcoin? “Delta Cap” Says So

20 hours ago
bitcoin bear

New Bitcoin Record Paints Incredibly Bearish Picture As BTC Struggles At $19,000

22 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Don’t Miss Out On Experts’ Top Crypto Picks! Gnox (GNOX), Algorand (ALGO) And VeChain (VET) Set To Lead Bullish Market

July 2, 2022

LBank Exchange Will List DEBT on July 5, 2022

July 2, 2022

LBank Exchange Will List Metavie Token (METAVIE) on July 5, 2022

July 2, 2022

Holon (HLN) Is Now Available for Trading on LBank Exchange

July 2, 2022

LBank Exchange Will List METAFASTEST (METAF) on July 1, 2022

July 2, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.