800,000 blocks mined in bitcoin network


On July 24, the Bitcoin network crossed the threshold of 800,000 blocks – there are still 40,000 left before the halving.

Data: Twitter.

According to analyst Dylan Leclerc, the block contained 3,721 transactions per 1.64 MB at a price of $29,815 for the first cryptocurrency.

According to NiceHash, Bitcoin mining difficulty is 53.91 T. On the network, a new block is created approximately every 577 seconds.

The next miner reward halving will occur around April 16, 2024. This event happens every four years or every 210,000 blocks and usually coincides with the price rally of the crypto market.

Now the payout for miners is 6.25 BTC, and after the halving – 3.125 BTC.

Bitcoin halving countdown. Data: NiceHash.

At the time of writing, Bitcoin is trading at $29,311, down 2.53% overnight.

15-minute BTC/USDT chart of the Binance exchange. Data: Trading View.

Recall, JPMorgan analysts said that the upcoming halving will be a decisive test for miners due to lower block rewards and rising costs, despite the positive impact on the asset price.

In the second half of June, miners sent more than $1 billion in the first cryptocurrency to exchanges, setting a daily record for the inflow of the asset along the way.

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