← RETURN TO THE CHAIN
May 11, 2020Mining & supplyConsensus activationsdocumented

Bitcoin's third halving reduces the subsidy to 6.25 BTC

Block 630000 cut Bitcoin's per-block subsidy from 12.5 BTC to 6.25 BTC.

The programmed event reduced the flow of newly issued bitcoin by half without changing the 21 million maximum supply. Miners continued to earn transaction fees in addition to the smaller subsidy.