The Bitcoin halving at block 840,000 has resulted in miners earning less as onchain transaction costs plummet from a peak of $240 to just $11.06.
On April 20, the Runes protocol will debut alongside Bitcoin's halving at block 840,000, introducing a revolutionary development.
Bitcoin miners are eagerly anticipating the upcoming halving event, currently expected a day earlier on April 19, 2024, rather than April 20, despite an increase in mining difficulty.
The upcoming Bitcoin halving will occur by April 18-22, 2024, at block 840,000, slashing mining rewards from 6.25 to 3.125 bitcoins.