What is a Ravencoin block halving event?

Ravencoin, similarly to Bitcoin, is halving block rewards every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years.

Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved.

Ravencoin's initial block reward was 5000 RVN, the current block reward is 2500 RVN and the new block reward will be 1250 RVN. 

The previous Ravencoin halving date was on the 11th of January 2022 and this will be the 2nd halving of Ravencoin.

Why was this done?

Ravencoin employs halvings to control the inflation and enhance scarcity, thus ensuring long-term sustainability and value. This deliberate reduction in rewards reflects a commitment to economic principles, maintaining a balance between supply and demand for the stability and lasting value of Ravencoin.

Ravencoin and NiceHash

NiceHash seamlessly integrates with Ravencoin, offering users versatile ways to engage with the crypto mining and trading ecosystem. Here's how NiceHash enhances your Ravencoin experience:

• Buy hashrate: Use the NiceHash marketplace to purchase mining power, making it easy to mine Ravencoin or your favourite cryptocurrencies without owning physical hardware. Learn how to easily buy hashrate here.
  
  
• Sell hashrate: Earn Bitcoin by selling your Ravencoin (KAWPOW) mining power on NiceHash, simplifying how you receive your rewards. Learn more here.