Second Halving

Block reward drops from 25 BTC to 12.5 BTC at block 420,000.

BTC Price

$650

Block

#420,000

Importance

93/100

Hardware

Antminer S7 Antminer S9

Related Events

First Halving Third Halving

The second halving at block 420,000 reduced the subsidy to 12.5 BTC. Price was ~$650. The 'halving cycle' investment thesis began gaining mainstream traction.

What else happened around this time?

November 28, 2012HalvingsEpoch

First Halving

Block reward drops from 50 BTC to 25 BTC at block 210,000.

BTC $12#halving-1#scarcity

May 11, 2020HalvingsLegendary

Third Halving

Block reward drops from 12.5 BTC to 6.25 BTC at block 630,000.

BTC $8,600#halving-3

January 14, 2016PeopleNotable

Mike Hearn Declares Bitcoin Dead

'The Resolution of the Bitcoin Experiment' — Bitcoin obituary #N.

BTC $430#obituary#fud

February 26, 2016LightningLegendary

Lightning Network Whitepaper

Joseph Poon and Thaddeus Dryja publish the Lightning Network paper.

#lightning#scaling