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 |
