Bitcoin’s hashrate has been working sizzling regardless of the decrease costs and the current issue will increase. In actual fact, blocks are being found sooner than the ten-minute block interval common and due to this issue, the community’s reward halving could come ahead of anticipated. Whereas some halving counters that merely leverage the ten-minute common notice the halving is anticipated in Might or April 2024, halving counters leveraging exact block interval occasions present the halving occasion may occur as early as March 1, 2024.
Block Intervals Present Halving Date May Be A lot Nearer Than Most Anticipate
Whereas the cryptocurrency group is concentrated on The Merge, the hashpower behind the Bitcoin community has been increased than common, which has made block intervals velocity up. At present, there’s 244.62 exahash per second (EH/s) devoted to the blockchain, and on September 4, 2022, it tapped a fast lifetime excessive at 301.45 EH/s at block top 752,510.
Bitcoin block occasions have been nicely below the ten-minute common, which suggests blocks are being discovered sooner.
Simply earlier than the top of August, Bitcoin.com Information reported on how Bitcoin’s block occasions have been a lot sooner than the ten-minute common. When block occasions are sooner than the ten-minute common and persistently stay sooner in the course of the two weeks main as much as an issue change, the shift will improve the problem.
That’s what occurred on August 31, when the Bitcoin community printed the second largest issue improve in 2022. The problem improve didn’t sluggish miners down and the subsequent issue change, anticipated on September 15, is estimated to extend once more by greater than 3%.
In line with bitcoinsensus.com information, the halving is anticipated to occur on March 2, 2024 or 509 days from now.
Block occasions have been lots sooner than the ten-minute interval and on September 11, the common block time was lower than eight minutes. Block discovery velocity has made it so the Bitcoin community halving could come lots sooner than most anticipated. Nevertheless, the estimate is predicated on the information and speeds recorded proper now, and there’s nonetheless greater than a 12 months of time that might change issues indefinitely.
At present’s information from bitcoinsensus.com and metrics from nicehash.com point out Bitcoin’s fourth halving occasion will happen in March 2024. The date is nicely earlier than the customarily used Might 3, 2024 estimate, which leverages a ten-minute block interval to calculate the halving date.
In actual fact, bitcoinsensus.com exhibits two counters with one primarily based on present block occasions (8.50 Minutes) and one counter primarily based on the common of ten minutes per block. Bitcoinsensus.com estimates that the present halving date, primarily based on precise block occasions shall be March 2, 2024. So as a substitute of 598 days away, the Bitcoin block halving is estimated to be 509 days away.
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Nicehash.com’s halving counter exhibits the date may happen on March 1, 2024, or at some point earlier than the estimate proven on bitcoinsensus.com’s internet portal. Each time 210,000 blocks are mined, the block reward halves.
Block reward halvings over time.
The present block reward is 6.25 BTC per block and by the point the subsequent halving takes place, miners will get 3.125 cash per block submit halving. A more in-depth halving suggests the worth may improve ahead of anticipated as bitcoin’s worth sometimes rises forward of the block reward halving.
What do you concentrate on the Bitcoin block halving coming ahead of anticipated? Tell us what you concentrate on this topic within the feedback part under.
Jamie Redman
Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at present.
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Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss induced or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.
Former US President Donald Trump has disclosed nearly $60 million in income from his involvement in a cryptocurrency venture, shedding light on how he and his family continue to benefit from the digital asset industry. The Financial Times reported on Friday that Trump’s annual financial disclosure reveals $57.4 million earned through World Liberty Financial (WLF), a cryptocurrency enterprise backed by Trump alongside his sons Donald Jr. and Eric.
The detailed filing, exceeding 200 pages and published by the US Office of Government Ethics, shows Trump holds 15.75 billion governance tokens in WLF, granting him substantial voting rights in the operation. The cryptocurrency venture stands as one of Trump’s largest income sources, alongside revenues from books and real estate investments.
Trump’s financial ties to the crypto sector have drawn increasing scrutiny amid ongoing concerns about potential conflicts of interest. The White House did not immediately respond to requests for comment on the disclosures.
World Liberty Financial revealed in January that it had successfully sold 21 billion tokens during a public sale, reaching its target of raising $1 billion. Notably, a 2024 filing with the US Securities and Exchange Commission identified Trump’s special envoy, Steve Witkoff, as a “promoter” of the WLF project.
Trump’s vocal support for cryptocurrencies has helped drive market enthusiasm, pushing bitcoin prices above $100,000 per coin. Under SEC Chair Paul Atkins, several high-profile crypto-related legal cases have been dropped, further easing regulatory pressure on the industry.
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Additionally, Trump has actively promoted his own $TRUMP memecoin via social media and hosted a gala last month honoring its major holders. The Trump family media company recently announced plans to launch an exchange-traded fund (ETF) directly holding bitcoin and revealed intentions to raise $2.5 billion to establish a “bitcoin treasury.”
At a bitcoin conference in Las Vegas last May, Eric Trump and Donald Trump Jr. praised cryptocurrencies as “cheaper,” “faster,” “safer,” and “more transparent” than traditional fiat currencies, signaling the family’s continued commitment to expanding their digital asset footprint.
US President Donald Trump has released his financial statement. According to the document, he received over $600 million in income from cryptocurrencies, golf clubs, licensing and other businesses. This was reported by Reuters, writes UNN.
Details
The financial declaration was signed on June 13 and did not contain information about the period it covers. At the same time, some data in the declaration suggest that it was until the end of December 2024, which excludes most of the money raised by the Trump family’s cryptocurrency ventures.
According to the publication’s calculations, Trump declared assets worth at least $1.6 billion in total.
He previously stated that he had transferred his businesses to a trust managed by his children, but the published data indicate that income from these sources still goes to the president, which has led to accusations of conflicts of interest.
Some of Trump’s businesses in areas such as cryptocurrency are benefiting from changes in US policy under his leadership and have become a source of criticism, Reuters writes.
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One meme coin issued by the president earlier this year – $TRUMP brought in approximately $320 million in commissions, although it is not publicly known how this amount was distributed between the Trump-controlled organization and its partners.
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In addition to the meme coin commissions, the Trump family earned more than $400 million from World Liberty Financial, a decentralized financial company. In his declarations, Trump indicated $57.35 million from the sale of World Liberty tokens.
The American president’s fortune also includes a significant stake in Trump Media&Technology Group (DJT.O), which owns the Truth Social social network, the report said.
In addition to assets and income from his business projects, Trump declared at least $12 million in income in the form of interest and dividends from passive investments totaling at least $211 million, according to Reuters calculations.
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Trump’s three golf resorts in Jupiter, Doral and West Palm Beach, and a private members’ club in Mar-a-Lago, brought Trump at least another $217.7 million in income. Trump National Doral, a large golf center in the Miami area, was the Trump family’s largest source of income – $110.4 million.
Trump also received royalties from various deals – $1.3 million from Greenwood Bible, the “only Bible officially endorsed by Lee Greenwood and President Trump”, and $2.8 million from Trump Watches, $2.5 million from Trump Sneakers and Fragrances.
According to Reuters, the declaration often only indicates ranges of asset and income values, and the lower limit was used for calculations, so the real value of Trump’s assets and income is most likely even higher.
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The cryptocurrency market offers hundreds of different investment options, but two of them control most of the action: bitcoin and ethereum. As recently as last year, the combined market cap of both platforms made up more than 70% of the global crypto market, according to U.S. News & World Report.
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So which is a better bet for investors? During a recent interview with CoinDesk, businessman and “Shark Tank” star Kevin O’Leary suggested his preference.
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Also see five reasons you need at least one bitcoin.
O’Leary shared during the interview that his preference is bitcoin. “If you want exposure to crypto volatility, it’s bitcoin,” O’Leary said. “There’s a lot of people that say, ‘I don’t need anything else … I’ll just buy bitcoin.’ And they haven’t been wrong … I think it’ll be very hard to dethrone it.”
As for ethereum, O’Leary spent much of his time bemoaning its lack of speed and efficiency.
“Goodness, ETH is slow,” he said. “I’m sorry, but it’s slow, and I think a lot of people know that. And the more transactions get piled on it, it doesn’t get any better.”
Learn More: Coinbase Fees: Full Breakdown of How To Minimize Costs
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O’Leary has plenty of company in backing bitcoin over ethereum.
Part of bitcoin’s allure is that it has become a dominant crypto force in both size and name recognition. It has grown so big that it recently leapfrogged Google parent Alphabet to rank as world’s sixth-largest asset by market cap, The Market Periodical reported.
From a pure investment standpoint, bitcoin has definitely been the better bet recently. Its price is up about 12% in 2025 as of June 13 and has gained about 56% over the past year. In contrast, ethereum’s price is down about 23% in 2025 and has lost more than 27% over the past year.
If you’re new to crypto, it’s important to understand the differences between bitcoin and ethereum, because it’s not an apples-to-apples comparison.
As U.S. News reported, bitcoin’s network uses a proof-of-work verification system. Ethereum, on the other hand, uses a proof-of-stake system, which U.S. News called “less energy-intensive.” Additionally, the main purpose of bitcoin is to serve as a digital currency that’s an alternative to other currencies, while ethereum is a platform that runs smart contracts, U.S. News explained.
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According to VanEck, a New York-based investment management firm, both bitcoin and ethereum have seen their prices fluctuate significantly over the years. Despite that, VanEck noted that bitcoin has been the outperformer, remaining more stable than ethereum.
Bitcoin is also more well known, and that reputation has helped it gain more traction when investors want to hedge against inflation or instability, VanEck explained. Ethereum hasn’t seen the same traction, as its demand is linked to its utility.
A recent article from The Motley Fool also gave bitcoin the edge, mainly because it faces less competition in its space than ethereum does in its space.
“[Ethereum] faces a high risk of competitors attracting its human and financial resources with faster, cheaper, or more efficient services,” The Motley Fool noted. “This means Ethereum’s position is inherently more unstable than Bitcoin’s.”
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This article originally appeared on GOBankingRates.com: Kevin O’Leary Explains Which Cryptocurrency Is a Smarter Bet: Bitcoin or Ethereum