Home / Events / The second Bitcoin halving
Jul 9, 2016 The second Bitcoin halving
On July 9, 2016, at block 420,000, the block reward fell from 25 BTC to 12.5 BTC.
- Date
- Jul 9, 2016
- Block
- 420,000
- Reward
- 25 → 12.5 BTC
What happened
The second halving came during a quiet period. The price was around $650 and the community was divided over how Bitcoin should scale, but the schedule ran exactly as written.
Over the next year and a half, the price rose from about $650 to nearly $20,000, which gave halvings their reputation as the start of a new cycle.
Why it mattered
The 2016 halving confirmed that the supply schedule runs on its own. See all halvings on the halving page.
BitcoinYears.com is for sale
A short, memorable domain for Bitcoin news, history, data and media. Serious inquiries welcome.