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Bitcoin Halving Countdown 2024

Stay ahead with our comprehensive impact analysis and expert predictions
Bitcoin Halving 2024 Countdown Clock
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Bitcoin News
Bitcoin mining requires large amounts of energy. Image: Shutterstock/Decrypt
Markets

Bitcoin Miner Profits Hit Highest Monthly Mark Since Halving: JP Morgan

Bitcoin miner profits reached their highest monthly mark in July since the last halving in April of 2024, JP Morgan analysts wrote in a note published Friday. Miners were able to earn an average of $57,400 per EH/s in daily block reward revenue, the analysts, Reginald L. Smith and Charles Pearce, wrote.   "July was another strong month for Bitcoin miners," the report read. "Mining profitability reached the highest level since the most recent halving (Apr '24), and ten of the thirteen miners we...

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Jul 28, 2024

Image: André Beganski/Decrypt

Business

Bitcoin Miners Weathering ‘Identity Crisis’ as Some Eye AI and Acquisitions

Bitcoin mining firms sized each other up at Bitcoin 2024 in Nashville late last week, as a post-halving stretch continues to put pressure on firms' established business models. While some publicly-traded players are treating the industry-wide hurdle as an opportunity to expand their operations or launch hostile takeover attempts, others are embracing more diversified revenue through innovations like AI compute and chip manufacturing to get ahead. At the annual conference, a corner was crammed wi...

by André Beganski ·

Jun 26, 2024

Bitcoin mining. Image: Shutterstock

Business

Bitcoin Mining Profitability Is Near an All-Time Low—Why?

Although the Bitcoin network’s fourth ‘halving’ event occurred more than two months ago, its repercussions have continued to impact Bitcoin miners, making the industry’s profit margins tighter than ever. According to Hashrate Index, Bitcoin’s “hash price” tapped an all-time low on May 1, falling to just $44.76 per petahash/second (PH/s), per day. The metric quantifies how much money a miner can expect to earn daily at a specific hash rate. Bitcoin “hash rate” is the rate at which Bitcoin miners...

by Andrew Throuvalas ·

May 18, 2024

Image: Roaring Kitty YouTube Channel.

Markets

This Week in Coins: GameStop Surge Spurs Meme Coin Mania, and Bitcoin Ends on a High

What a week it's been. The Sunday night return of Roaring Kitty led to a trading frenzy, with meme stocks and digital coins and tokens alike surging. The internet star and financial analyst posted on Twitter (aka X) for the first time in nearly three years. By Monday morning, the price of GameStop had gone through the roof as traders decided to snap up the original meme stock. Roaring Kitty—real name Keith Gill, aka DeepFuckingValue on Reddit—started the meme stock trading craze back in 2021, i...

by Mat Di Salvo ·

May 17, 2024

Bitcoin trades 24/7. Image created by Decrypt using AI

Markets

Bitcoin Is Booming, Hits Highest Price Since the Halving

The price of Bitcoin has surged to its highest since the much-talked about halving event on April 19, touching a recent high of $67,422 on Friday before dipping again. CoinGecko data shows that the biggest digital asset is up by nearly 3% in the past day. Over seven days, the coin has risen by more than 9%. It's now priced at $66,750. Bitcoin last hit today's high price on April 13, more than a month ago. Bitcoin dropped following the halving—a quadrennial happening baked into the coin's code—th...

by Mat Di Salvo ·

May 2, 2024

Image: Chakkaphong Wanphukdee/Shutterstock

Markets

Bitcoin Transactions Plummet Following Absurd Runes and Halving Surge

The price of Bitcoin may have taken a hit as of late—but at least you can again make payments using the coin with relative ease.  Transaction fees for Bitcoin are now back to the lows it stood at last month. The average cost for a transaction is $4.50 as of this writing, according to BitInfoCharts. Following the quadrennial halving event last month, the cost to send Bitcoin hit a record high of $128 per transaction as the network became clogged with activity following the concurrent launch of Ru...

by Mat Di Salvo ·

Apr 25, 2024

Image created by Decrypt using AI

Coins

Bitcoin 'Epic Sat' From the Halving Sells for $2.1 Million

The first satoshi mined on the Bitcoin blockchain after last week’s halving event, mined by Bitcoin mining pool ViaBTC, went up for auction—and fetched a sizable seven-figure sum. The auction of “epic sat” 1,968,750,000,000,000, hosted on the cryptocurrency exchange CoinEX, ended Thursday with a final bid of 33.3 Bitcoin ($2.13 million worth) winning the piece of Bitcoin history. It's not yet clear who won the auction. The auction of the Epic Sat began on April 20, the day after the halving, wit...

by Jason Nelson ·

Apr 23, 2024

A wizard lifting runestones. Illustration by Iobard/Shutterstock.

Coins

Why Are Bitcoin Rune Names So Weird? There's a Method to the Madness

The Bitcoin halving has come and gone, and along with the milestone, the new Runes token protocol went live on the Bitcoin network. Since its launch on April 20, the Runes protocol has seen over eight thousand “etchings”—the preferred term for the deployment of Runes tokens—created on the Bitcoin blockchain, according to Ordinals and Runes launchpad Luminex. One trend that quickly emerged among these new digital assets was long and unusually formatted names. A quick browse of the nascent categor...

by Jason Nelson ·

Apr 22, 2024

Image: PurpleRender/Shutterstock

Markets

Bitcoin Volatility Fear Led to Second Week of Crypto Fund Losses

As the week of the Bitcoin halving closed, a report found that this historical moment for the crypto industry was leading to fear among investors. A CoinShares report has found that digital asset investment products—like spot Bitcoin ETFs and exchange-traded products—have seen outflows for the second consecutive week, up to $206 million from $106 million the week prior. This comes in the weeks leading up to the Bitcoin halving, which occurred April 20, where mining rewards were cut in half. The...

by Ryan S. Gladwin ·