Bitcoin’s Latest Halving Block Spots A Whopping $2.4 Million Fee Reward

• Confirmation has been received for Block 840,000, marking the fourth Bitcoin halving block, although there remains a possibility of change.
• The halving block is attributed to the crypto mining pool ViaBTC, featuring a fee of 37.6256 BTC ($2.3 million).

The confirmation of the fourth-ever Bitcoin halving block has been announced.

This halving block is attributed to the crypto mining pool ViaBTC, with an additional 37.6256 BTC ($2,401,399) in fees from the 3,050 included transactions.

While confirmed, there’s a chance this block may undergo changes due to chain reorganization, a rare event caused by simultaneous verification by two miners. More transactions are awaited for further details.

Competition & Speculation Surrounding The Halving Block

Miners engaged in heightened competition to secure the historic fourth halving block for Bitcoin, each aiming to execute something distinctive with it.

This year’s Bitcoin halving introduces new tools: “Ordinals,” small bitcoin units with linked metadata, and “Runes,” improved token generation layered atop Bitcoin. These tools enable miners to attach images or other metadata to a particular Bitcoin block.

“I’m sure all of the major mining pools and major miners have a little something special lined up,” said Teddy Fusaro, president of Bitwise Invest, in CoinNerd’s spaces conversation Friday hours before the halving. “I think whoever is lucky enough to win this one is going to have a special treat for us when this block prints.”

“I’d love to see maybe one of CoinNerd get submitted data that shows a chart of the amount of US dollars printed in the last four years,” added Bitwise Invest researcher Juan Leon in the same conversation. “Just to make a point of the contrast with Bitcoin’s programatic monetary policy that has been the only asset that has successfully been able to manage inflation over its history.”

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