May 12, 2020 The Bitcoin network undergoes its third halving event.

The Bitcoin network underwent its third halving event on Monday with the mining of the network’s 630,000th block at 19:23 UTC. As a result, miners will now receive 6.25 BTC per block in block rewards, down 50% from the earlier 12.5 BTC per block reward, resulting in daily BTC issuance falling from 1,800 BTC to 900 BTC.