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How to Prepare for Bitcoin HalvingThe halving event in reduced incentives to BTC for each block mined, and as of May 11, , each new block mined only generates new BTC. The. The third Bitcoin halving took place on May 11, , and brought the block reward into the single digits, or BTC, to be more precise. During this halving. May 11, The block reward was reduced from BTC to BTC. ?. First bitcoin halving. The first halving occurred on November 28, , when the.