On April 8, 2020, the Bitcoin Cash network officially halved as of block 630,000 and BCH miners hashing away at the network will capture 6.25 coins per block going forward. The BCH halving is the first major SHA256 branch to halve its block reward, as BSV and BTC will halve as well within the next 30 days. Now that the BCH halving has slashed the current block reward, BCH proponents will be focused on the cryptocurrency’s price, hashrate, and the network’s difficulty.
Bitcoin Cash Miner Revenue Chops in Half – 12.5 to 6.25 Coins per Block
So far, roughly 87.6% of all 21 million BCH that will ever be produced has been mined into existence. There’s still 2.6 million BCH left to mine and since the halving after block 630,000 the issuance rate will be slower. When Satoshi Nakamoto created Bitcoin, the inventor designed it so over time it would be harder to obtain bitcoins by mining which ultimately bolsters the cryptocurrency’s scarcity and inflation rate. Currently, the BCH hashrate hasn’t changed much and it’s remained steady at 3.4-3.7 exahash per second (EH/s). BCH is trading for $266 per coin at the time of publication and the inflation rate per annum has changed from 3.6% to 1.8%. The mining operation Antpool mined the official halving block #630,000 getting only 6.25 BCH when the pool found the block.