The halving is set to be every 210.000th block. On average the block time (time to create a new block) is 10 minutes. But as the total hash rate goes up and down, the block time can vary.
At the time i wrote this post, there had been 10 blocks the last hour. With that speed the halving date would come earlier.
Smart AF, satoshi fixed this with a difficulty adjustment.
So every 2016th block, the difficulty of creating a block adjusts based on the hashrate.
WoW...so the first ever halving had 10,500,000 Bitcoin?
Please Login to reply.
Yep, that is correct
And Patoshi could be one of the early holders of these chunks?