Bitcoin's Fourth Halving Cuts the Block Reward to 3.125 BTC
The protocol's pre-programmed issuance cut activated at block 840,000, slowing daily issuance to roughly 450 BTC and tightening miner economics overnight.
Daniel Otieno//Apr 20, 2024//4m
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The Post-Halving Supply Shock Finally Shows Up On-Chain
Twelve months after the fourth halving, exchange balances have collapsed and long-term holder accumulation is back near record levels.
Daniel Otieno//Apr 20, 2025//5m
Pre-S19 Mining Rigs Now Loss-Making at Average Power Cost
The post-halving difficulty environment combined with sub-$100k Bitcoin has made any rig older than the S19 series unprofitable at average industrial power rates.
Wei Lin//Nov 12, 2025//5m
Bitmain Launches Next-Generation ASIC with a Major Efficiency Jump
The Antminer S23 series claims a meaningful step down in joules-per-terahash, the metric that determines mining survival post-halving.
Wei Lin//Oct 22, 2025//5m
The Four-Year Cycle Is Not a Law of Nature. Stop Treating It Like One.
Bitcoin's halving-driven boom-bust pattern emerged in a specific market structure that no longer exists. The next cycle will look different.
Maya Reyes//Dec 6, 2025//7m