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Mining & supplyConsensus activationsDocumented

Bitcoin's fourth halving reduces the subsidy to 3.125 BTC

Block 840000 cut the block subsidy from 6.25 BTC to 3.125 BTC.

THE RIDE EXHIBIT · DRAG TO LOOK AROUNDRide to this stop

The programmed change reduced expected new issuance to roughly 450 BTC per day at ten-minute blocks. Unusually high transaction fees around the same block temporarily exceeded the subsidy because of Runes activity.