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Replying to Avatar ₿itcoin⚡️

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.

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peterzander 2y ago

WoW...so the first ever halving had 10,500,000 Bitcoin?

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₿itcoin⚡️ 2y ago

Yep, that is correct

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peterzander 2y ago

And Patoshi could be one of the early holders of these chunks?

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