Happy Bitcoin Halving Anniversary – Now Let’s Celebrate!

Happy anniversary Punters! Yup, it’s been 2 years since the last Bitcoin Halving event. And for that reason, we’re celebrating this momentous occasion at Punt Casino with stellar crypto games and big bonuses. Oh yes, and you’re invited! 

Don’t know what Bitcoin Halving is? Keep on reading, as we’re about to break it down and show you why it’s such a big event in the crypto space. Now let’s get this anniversary celebration in full swing.

What is a Bitcoin Halving?

To understand what Bitcoin Halving means, you’ll need an idea of how Bitcoins are created, or “mined”, so to say. Let’s give you a quick explanation.

Bitcoin Mining? Like, digging out rocks and stuff?

No, it has nothing to do with actual mining, but nice try. Bitcoin “Mining” refers to the process of minting new Bitcoins and verifying transactions on the blockchain network. Miners use specialized computers to solve complex math problems while verifying transactions on the blockchain.

These “miners” are then rewarded with a specific amount of BTC for verifying the transaction on the network and adding a new block to the chain. Whoever solves the math problem first, gets the reward, which is currently 6.25 BTC for every new block mined. 

The Bitcoins awarded to the miner for verifying a block are basically brand new coins that come into circulation. It is important to know that there can only ever be 21 million Bitcoins mined in total. A new block is added to the network every 10 minutes. This means that 6.25 Bitcoins come into circulation every 10 minutes. 

The process goes into a lot more detail than that. But this basic understanding is enough to know what Bitcoin Halving means to the investor, or in this case, the crypto gambling enthusiast – that’s you!

What does Bitcoin Halving mean?

Bitcoin Halving refers to an event in which the reward for mining a block is cut in half. This happens after every 210,000 blocks mined, and since a block takes 10 minutes to verify, Bitcoin Halving takes place roughly every 4 years.

In 2009, when Bitcoin was introduced, the reward for mining a block was 50 Bitcoin. Can you imagine? The first Bitcoin Halving event took place in November 2012, and the reward was cut to 25 BTC per block. There have been 2 halving events since. The last halving took place on the 11th of May, 2020 – exactly 2 years ago today!

Now, you’re probably thinking about the poor miners who will only receive half their reward when halving takes place. But as fewer Bitcoins come into circulation with every block, the demand for BTC increases, and historically, so does the BTC price.

There will only be 32 Bitcoin Halvings throughout Bitcoin’s lifespan, and when the 32nd halving event takes place, there will be no more new Bitcoin minted. Remember, there can only be 21 million of these babies, and the last coin will come into circulation around the year 2140 – now that’s gonna be a party!

Why celebrate the Bitcoin Halving anniversary?

Why not! We all like a good ol’ celebration, don’t we? But on a more serious note, Bitcoin Halving is one of the biggest events in the crypto space. The last halving in 2020 was certainly a momentous occasion and even saw well-known crypto enthusiasts joining a live-streamed anniversary celebration for 12 hours long.

A rare event like this in the crypto community certainly deserves a celebration. And this 2nd anniversary means we’re 2 years away from the next Bitcoin Halving event, and that’s certainly something to look forward to.

So now that you know what it means, and all the technical stuff is out of the way, it’s time to celebrate. Let’s see what Punt has in store for all those die-hard Bitcoin casino players out there.

Happy anniversary – grab a crypto bonus to celebrate!

What better way to kick off the 2nd anniversary of the 3rd Bitcoin Halving than with a fat crypto bonus from Punt Casino? If you haven’t joined the ranks of happy, well-fed winners at Punt, then today is the perfect day to hop on board the money train.

Our Welcome Package for new players packs a serious punch, and instead of halving your Bitcoin, we’ll add 150% more with your first deposit. Let’s call it “Bitcoin Multiplying” if you will. Plus, this whopping bonus comes with 500 free spins to play any of our slots or Keno.

And if you’re already a member, why not claim one of your daily bonus coupons to celebrate the anniversary? Did you know you can claim a 50% deposit bonus up to 3 times per day, every day? That sounds like a good time if you ask us. 

Simply make a deposit and use the bonus code CRYPTODAILY in the Cashier menu under “Coupons” to claim it, and let the good times roll.

Multiply your Bitcoins in our crypto-friendly casino games

We know, that you know, that we’re the best crypto casino on the web. But it’s not only our stellar bonuses, massive giveaways, and state-of-the-art casino platform that make it so, it’s also our exciting collection of Bitcoin casino games.

So, what are the best games to celebrate the Bitcoin Halving anniversary with? Well, in our opinion, all of them. Whether you like doubling down on blackjack, speeding up the wins in roulette, or spinning the reels for your next big win, we’ve got what you’re looking for.

Just take your pick! With over 200 crypto-friendly casino games on our site, you’ll have the option to play with Bitcoin, Bitcoin Cash, and Litecoin thanks to our quick and easy crypto deposits and withdrawals.

Enjoy next-level Bitcoin gambling at Punt Casino today!

Now you have all you need to make this Bitcoin Halving anniversary an unforgettable one. With big wins waiting around every corner at Punt, there’s every reason to sign up now and start raking in the riches in our top casino games with a crypto bonus from yours truly. Start Punting with the best now and let’s make this day one to remember.

Ethan

With over a decade in the online gambling industry and a passion for all things crypto, Ethan offers valuable insight into playing at Punt with in-depth reviews, gambling guides, and informative content to help our readers make the best of their Punt Casino experience. Get all the ins and outs of crypto gambling with Ethan and our team of gambling experts right here, on the Punt Casino blog.