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Bitcoin Halving Searches Surge - Phrase Touches Google Trends All-Time High


Bitcoin Halving Searches Surge - Phrase Touches Google Trends All-Time High

The notorious bitcoin halving is expected to happen in 20 days either on or around May 12, 2020. The anticipation leading up to the event is at an all-time high, as last week worldwide queries for the phrase “bitcoin halving” using Google peaked with a top score of 100. On Tuesday, Google Trends shows the phrase is still surging holding a score of 90 over 100 during the last 24 hours. The Phrase ‘Bitcoin Halving’ Rises Exponentially on Google Trends

Every four years or 210,000 blocks, the network Satoshi Nakamoto created, experiences a block reward halving. When miners hash away at the BTC blockchain they are rewarded fresh coins every ten minutes when they find a block. Today, any miner who happens to find a BTC block gets 12.5 virgin coins that have never been in circulation.

After the bitcoin halving in 20 days or on or around May 12, miners will get half the reward and obtain 6.25 BTC per block found. This mathematical and predictable system Nakamoto created, makes it so BTC is scarce and hard to come by going forward. Today BTC’s issuance has a per annum inflation rate of around 3.6% but after May 12, the inflation rate will drop to 1.8%. Read More...