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In the cryptocurrency industry, the term “halving” refers to a process that reduces the issuance rate of new coins.

More precisely, halving is the reduction of the mining rate.

The network starts with a base mining rate of 16 ice/hour and the reward is halved based on the average daily active miners in the past 7 days.

 

Daily active miners in the past 7 days Mining Rate
0 – 50,000 16 ice per hour
50,001- 250,000 8 ice per hour
250,001 – 1,000,000 4 ice per hour
1,000,001 – 2,500,000 2 ice per hour
2,500,001 – 5,000,000 1 ice per hour
5,000,001 – 10,000,000 0.5 ice per hour
10,000,001 – 20,000,000 0.25 ice per hour
20,000,001 – 40,000,000 0.125 ice per hour
40,000,001 – 60,000,000 0.0625 ice per hour
60,000,001 – 100,000,000 0.03125 ice per hour
100,000,001+ 0.015625 ice per hour