By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Get breaking news, music updates, and celebrity stories from Uganda and East Africa. Stay informed with Lifestyle Uganda—your insider source for real-time industry updates.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    lifestyleug.com__Airtel Uganda revises its double data bundle offers (1)
    Airtel Uganda Is Now Offering Double Data Bundles for Its Smartphone Users
    Sponsored by
    TK Makeup Empire
    Latest News
    MultiChoice Uganda Offers Free Upgrades for DStv and GOtv Subscribers in New “We Got You” Campaign
    27th June 2025
    Forest Whitaker’s Nonprofit Teams Up With Satellite Giant to Bring High-Speed Internet to Remote Communities in Africa
    27th June 2025
    U.S. Embassy in Uganda Requires Student Visa Applicants to Make Social Media Accounts Public
    27th June 2025
    Uganda to Host Pearl of Africa T20 Cricket Tournament After Three-Year Pause
    26th June 2025
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Travel/Culture
    Entertainment
    Stay up-to-date with Lifestyle Uganda Entertainment—the latest news, celebrity gossip, films, and TV shows from Uganda, Nigeria, Kenya, and South Africa.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    Bobi Wine and Barbie Share First Joint Magazine Cover
    Bobi Wine and Barbie Share First Joint Cover on Parents Magazine in Kenya
    3rd November 2018
    Latest News
    MultiChoice Uganda Offers Free Upgrades for DStv and GOtv Subscribers in New “We Got You” Campaign
    27th June 2025
    After Years of Trying, Socialite Bad Black Celebrates Pregnancy in Maternity Shoot
    25th June 2025
    Ugandan musician Daudi Mugema found dead during Gulu visit
    25th June 2025
    Mowzey Radio: Court Upholds 12-Year Sentence for Man Convicted of Killing Ugandan Star
    20th June 2025
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    Miss Uganda 2025 launch highlights shift in strategy.
    Search for Miss Uganda 2025/2026 Begins with Centralised Format
    13th June 2025
    Mental health advocate Hasset Dereje shines at Miss World, secures Africa title.
    Ethiopia’s Hasset Dereje Named Miss World Africa and First Runner-Up at 72nd Miss World Pageant
    2nd June 2025
    Natasha Nyonyozi honoured at Miss World 2025 for autism advocacy.
    9
    Natasha Nyonyozi Wins ‘Beauty with a Purpose’ Africa at Miss World 2025
    31st May 2025
    Natural hair takes centre stage in Uganda.
    Natural Hairstyles in Uganda: The Beauty of Texture, Twists, and Timeless Trends
    26th May 2025
    This is how Zari Hassan does soft power dressing.
    Zari Hassan Just Gave Us a Masterclass in Power Dressing with Modesty — and We’re Taking Notes
    19th May 2025
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: The Great Bitcoin Halving, Explained
Share
Sign In
Notification Show More
Font ResizerAa
Lifestyle UgandaLifestyle Uganda
Font ResizerAa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > Money & Finance > The Great Bitcoin Halving, Explained
Money & FinanceNewsTechnology & Science

The Great Bitcoin Halving, Explained

Musasi Isaac Christopher
Last updated: 13th May 2020 1:25 pm
By
Musasi Isaac Christopher
ByMusasi Isaac Christopher
Staff Writer
As an aspiring lifestyle blogger at Lifestyle Uganda, I specialize in exploring the vibrant realms of health, food, and the restaurant industry. My passion for sharing...
Follow:
- Staff Writer
Share
4 Min Read
The Great Bitcoin Halving
The Great Bitcoin Halving, Explained. PHOTO/Shutterstock
SHARE

Here’s what you should know about the Great Bitcoin Halving, how it will affect your wallet, and your virtual wallet.

The Great Bitcoin Halving
The Great Bitcoin Halving, Explained. PHOTO/Shutterstock

On May 11th at 8:30 pm GMT, the Great Bitcoin Halving will be upon us.

This is the third halving in the history of the world’s leading cryptocurrency, which in the past has raised the price of bitcoin.

Here’s what you need to know about the epic-sounding event, how it will affect your wallet, and your virtual wallet.

What is halving?

Bitcoin relies on creating “modules” to run the network. Miners, working on building blocks, do so by running software to solve increasingly difficult math problems. Miners are often a complex set of computers. 

- Advertisement -

Whenever one of these mathematical problems is solved, a block is created that contains data on the latest bitcoin transactions. This module has been added to the list of existing modules, known as blockchain.

Each new module found is rewarded to ensure that the system continues. Rewards are offered in Bitcoin (BTC), and the moment before this half, the reward is 5,000 115,000 per new volume.

The reward for creating a new constituency refers to the day that was cut in half. Today, the reward will drop from 12.5 BTC to 6.25 BTC.

Halving require long-term

Creating new bitcoins is expected to only go on for a limited time. The site is designed to produce a total of 21 million bitcoins – 18.3 million BTC already. 

Bitcoin mining has become a hugely saturated venture, as the price of BTC has risen from a few dollars to over $10,000. This ensures that the half does not reach the 21 million limit at any time. Experts estimate that bitcoin mint will end in 2140.

- Advertisement -

Are there any steps that bitcoin owners should take?

No, half will not have a direct impact on the bitcoins you already own. This only directly affects the reward for a new module. However, there could be a long-term effect on the price of bitcoin.

Impact on price

Over the last few days there has been a lot of fluctuations in the price of bitcoin. Prices on Sunday rose to 7 9,700 BTC, down from today’s 4 8,466. This short-term volatility is not so significant, but as almost all experts agree, half of it actually causes a huge increase in BTC prices over the long term.

- Advertisement -

Reducing the incentive for creation reduces the supply of new BTC by half. Reducing supply increases the deficit, resulting in making each individual bitcoin more valuable.

But it does not happen overnight. It took a full year after the first half and a year and a half after the second half for BTC to reach its new peak.

Experts predict that the BTC will reach its next peak from October 2021 to May 2022.

Alfonse Owiny-Dollo wins Uganda’s Chief Justice Job replacing Katureebe
How to Choose the Right Skincare Products for Your Skin
Chameleone Releasing New Album ‘I Am Joseph’ on Independence Day
Virgil Abloh and Louis Vuitton Donate $380,000 to UNICEF Education Programs in Ghana
Kampala Queens book Champions League spot with Super League triumph
TAGGED:Bitcoin HalvingBitcoin Halving Explainedbitcoin halving in historybitcoin will end in 2140Great Bitcoin Halvingthird bitcoin halving in history

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Reddit Email Copy Link
Share
ByMusasi Isaac Christopher
Staff Writer
Follow:
As an aspiring lifestyle blogger at Lifestyle Uganda, I specialize in exploring the vibrant realms of health, food, and the restaurant industry. My passion for sharing insights and experiences drives my content, aiming to inspire and inform readers about the latest trends and tips in healthy living and culinary delights. Connect with me on WhatsApp at +256759100143.
Previous Article Ariana Grande and Justin Bieber collab Stuck With You: Ariana Grande, Justin Bieber, Kylie and Kendall Jenner Collab For Charity
Next Article Los Angeles lockdown will be extended Los Angeles to Extend Lockdown for the Next Three Months

Stay Connected

45.2kFollowersLike
5.1kFollowersFollow
213FollowersPin
35.6kFollowersFollow
11kSubscribersSubscribe
400FollowersFollow
- Advertisement -

Latest News

TikTok adds Fan Clubs to boost live content community.
TikTok Rolls Out LIVE Fan Club as Daily Live Streaming Surges to 130 Million Creators
Mobile and Telecommunication Technology & Science
27th June 2025
DStv and GOtv Subscribers to Receive Free Content Boosts in Uganda.
MultiChoice Uganda Offers Free Upgrades for DStv and GOtv Subscribers in New “We Got You” Campaign
Entertainment News
27th June 2025
Intelsat is working with a nonprofit founded by actor Forest Whitaker.
Forest Whitaker’s Nonprofit Teams Up With Satellite Giant to Bring High-Speed Internet to Remote Communities in Africa
News Technology & Science
27th June 2025
US embassy in Uganda requires visa applicants to disclose social media handles.
U.S. Embassy in Uganda Requires Student Visa Applicants to Make Social Media Accounts Public
Education News
27th June 2025
//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US
© 2025 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up