The Bitcoin network halving is fast approaching, likely to fall in seven days , according to the most recent estimates. But trying to pin down the exact minute or even hour for this pre-planned, programmatic update is surprisingly unpredictable. Just take a look at any of the Bitcoin halving countdowns online: they’re all out of sync!
The Bitcoin halving is scheduled to occur every 210,000 blocks, or roughly every four years. This particular event will be executed automatically by the network at exactly blockheight 840,000. Based on the way Bitcoin’s creator Satoshi Nakamoto designed the system, bitcoin miners “find” the next block to hash to the blockchain every 10 minutes, meaning it should be easy to figure out precisely when the next halving should happen down to the minute.
NiceHash lead mining manager Marko Tarman echoed this point saying that everyone in the world has the same access to some “static” data regarding Bitcoin: the halving block height. However, there are two other “dynamic pieces of information,” the current block height and block time.
Source: Digital Coin News (digitalcoinnews.net)
Bitcoin Halving Network Programmatic Update Countdown Unpredictable Timing Traders
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