BITCOIN
OLYMPICS
840000
THE INTERNATIONAL HALVING GAMES
An international livestream celebrating proof-of-work.
Bitcoiners from every corner of the globe will perform a sport of their choice - at a location of their choice - during the final block of the current era, and the first block of the new era.
Whether it's a dynamic HIIT session, a serene yoga flow, or heart-pumping push-ups, each participant must only demonstrate their passion for PoW and the people movement that is sweeping the world.
BITCOIN HALVING EVENT OF THE YEAR!
LIVE STREAM STARTS AT BLOCK 839,997
The event will be hosted by prominent bitcoiners interacting with participants, bringing together the thrill of fitness, with the excitement of the halving in a unique spectacle.
The livestream will commence at block 839,997 giving time for participants to warm-up and chat about their chosen activities, as we buildup to the last block of the 4rd era.
At block 839,999 The Games will begin! We continue until first block of the 5th era has been confirmed (block 840,001). Two whole blocks of exercise!
What adds to the excitement is the unpredictable nature of block confirmation times.
When will it begin and when will it end? Will the blocks last 2 minutes, 20 minutes, or even 2 hours? Nobody knows. What could possibly go wrong?
How to participate?
Participate as a viewer:
Just join our YouTube Live Stream
Participate as a participant:
Join our Jitsi Live Stream
STEP 1
STEP 2
STEP 3
Record yourself making any kind of sports activity.
Starting at least on block height 839999 and last until the last block on epoch 4 is mined which is at 840000.
So you need to exercise usually about 9 to 11 minutes.
Celebrate with the rest of the bitcoin and sport enthusiasts.
Event agenda
BLOCK 839997: Stream starts and the banter begins
BLOCK 839999: The 840000 Halving Games will commence 💪
BLOCK 840000: Halving celebration 🥳
BLOCK 840001: The 840000 Halving Games will end
Hosts
Special Guests
WHAT IS THE BITCOIN HALVING?
The Bitcoin halving is an event that happens every 210,000 blocks, approximately every four years in which the reward for mining new blocks is cut in half.
This mechanism is built into the code of Bitcoin by its creator, Satoshi Nakamoto, as a way to distribute coins in a precisely predictable way.
During the first era of Bitcoin, the reward for mining a block was 50 bitcoins. After the first halving in 2012, this reward dropped to 25 bitcoins. It halved again in 2016 to 12.5 bitcoins, and most recently in May 2020, the reward dropped to 6.25 bitcoins. The next halving is expected to occur in April 2024, where the reward will decrease to 3.125 bitcoins per block.
The rate of coins decreases like this exponentially over 32 “halvings” until block 6,720,000 (~year 2137), when it reaches 1 satoshi. Finally, after 6.93 million blocks, in approximately 2140, almost 21 million bitcoin, will have been issued.
The halving is a fundamental feature of Bitcoin. It reduces the rate at which new coins are created and thus given to miners as a reward for processing transactions and securing the blockchain. This reduction in supply has a positive effect on price, assuming demand remains strong, by creating a supply shock. It also points toward Bitcoin's deflationary nature, as there is a finite limit of 21 million bitcoins that will ever exist.
Proof-of-Work Partners:
Industry Partners:
