#asknostr #btc #bitcoin
What happens when bitcoin halfs.
Do i lose 1/2 my bitcoin?
If so where does it go?
Is there a place i can go to get info like this?
Discussion
It’s gets cut in half and automatically distributed to everyone who zaps your note.
Imagine always knowing exactly what the inflation rate is and will be in the future.
Nope. Just new supply cuts in half. Your % of the total 21million supply is not diluted at all. You wallet will have the same nominal balance as before.
Do you mean the supply that can be mined?
The block subsidy cuts in half. Every 10min there is 6.25BTC awarded as a subsidy to the miner that finds the nonce which provides enough leading zeros (difficulty number that adjusts every 2016 blocks or about two weeks) when hashed using SHA256 with the previous block hash and all transactions in the block template (crafted from the mempool aka awaiting transactions). This 6.25BTC subsidy amount plus transaction fees from the block template make up the total block reward. After the next halving, the subsidy will be cut in half (using bit shift based on the number of epochs aka halvings) so will only be 3.125BTC. This halving happens ever 210k blocks or roughly every four years calendar time.
2008 - 50 BTC/block
2012 - 25 BTC/block
2016 - 12.5 BTC/block
2020 - 6.25 BTC/block
2024 - 3.125 BTC/block
2028 - 1.5625 BTC/block
And so on until about 2140 or so.
🤣