Three High Profile Crypto Networks Face Reward Halvings This Spring – Economics Bitcoin News


Three High Profile Crypto Networks Face Reward Halvings This Spring

This spring, three of the largest crypto networks, BTC, BCH, and BSV, will undergo their halvings around the same time for the first time in history. During the last halving in 2016, only one network existed, but now three protocols share the same consensus algorithm. Google Trends shows that searches for the term “bitcoin halving” have skyrocketed in recent days and it’s still unclear whether the halvings are priced into the three markets.

Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan

Google Trends Searches for ‘Bitcoin Halving’ Accelerate

In the fourth Arcane Research weekly update, the cryptocurrency research and analysis firm noted that Google searches for the term “bitcoin halving” have skyrocketed. Arcane’s chart shows that Google Trends indicates that the spike really took off in mid-November 2019. The research details that BTC has had several narrative shifts during the last decade from cheap peer-to-peer payments to the latest digital gold narrative. “The search interest for the bitcoin halving, this has accelerated over the last few months,” Arcane’s research notes.

Three High Profile Crypto Networks Will Face Reward Halvings This Spring
Bitcoin Cash and Bitcoin SV are due to halve in April 2020 while BTC is expected to halve in May 2020. Both LTC and BEAM have halved recently.

The weekly analysis also notes that discussions on whether the halving is priced in or not have increased in the bitcoin community. Currently, there are 105 days until the BTC halving, 71 days until BCH halves, and 73 days left until BSV rewards decrease from 12.5 BSV to 6.25 per block.

Three High Profile Crypto Networks Will Face Reward Halvings This Spring
Google searches for the term “bitcoin halving” have started to accelerate according to the weekly analysis from Arcane Research.

All three cryptocurrencies have gained a considerable amount of value over the last two months. But a number of people believe that all three networks need to gather even more value in order to appease the miners on each network. Some speculators believe miners from any network could switch to another chain if profits aren’t adequate after the reward halving. Because all three networks share the same consensus algorithm (SHA256), miners can easily switch to the most profitable chain.

Three High Profile Crypto Networks Will Face Reward Halvings This Spring
Grayscale Insights writer Matthew Beck explains that he was surprised to hear that many market participants were not even aware of the halving event.

Pools switching chains for profit has become a trend ever since the August 1, 2017 Bitcoin Cash fork. During the November 2018 BSV split, entities with hash power battled between other miners on all three chains. Events like these have shown clear hashrate shifts but the halving on all three chains within a 40-day time span will be interesting. There’s quite a bit of economic and game theory involved with the reward halvings and right now everything is theoretical.

“The halving is close enough that it’s time to start talking about it more seriously, but far enough out in the future that it’s unclear whether it’s priced into the market efficiently,” explains a Grayscale Insights report on the subject written by Matthew Beck. “In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event — Moreover, according to Unchained Capital, less than 32% of the bitcoins in circulation have remained in the same wallet addresses since July 2016.”

Three High Profile Crypto Networks Will Face Reward Halvings This Spring
Since the LTC network halved last August, the network’s overall hashrate has plummeted.

Reddit and Twitter Are Littered With Theoretical Discussions About the SHA256 Halvings, While Some People Remain Unaware

There remain some digital asset holders who have no idea the halvings are approaching. On crypto Twitter (CT) the subject is trending and you can find various discussions about the subject nearly every day. A few individuals have tossed the recent litecoin (LTC) halving into conversations as an example of what could happen.

LTC’s overall hashrate dropped significantly, losing more than 40% of what it held before the coin’s reward halving.

Three High Profile Crypto Networks Will Face Reward Halvings This Spring

Similarly to Twitter discussions, the ‘halving’ conversation has been trending on the Reddit forums r/btc, r/cryptocurrency, and r/bitcoin. With three powerful crypto networks due to halve in the spring, the 2020 reward cut will be widely felt.

What do you think about the SHA256 (BTC, BCH, and BSV) halvings set to take place this coming spring? Do you think the halvings are currently priced in or are yet to be priced in? Let us know what you think about this fascinating topic filled with economic and game theory in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Image credits: Shutterstock, Wiki Commons, Twitter,, Grayscale Insights, Arcane Research, and ICO Analytics.

Tags in this story
12.5 coins, 6.25 coins, BCH, Bitcoin Cash Halving, bitcoin halving, BSV, BTC, Google Searches, Google trends, Halving, Halvings, Matthew Beck, r/bitcoin, r/btc, r/Cryptocurrency, Reward Halving, SHA256, Theories, Twitter

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

Show comments