<p>Bitcoin Cash (BCH), one of bitcoin’s forks and the fourth-largest cryptocurrency by market capitalization, has just undergone its first halving at block number 630,000.</p> <p>The <a href="https://bitcoincashblockhalf.com/">event,</a> which occurred at 10:19 am UTC on Wednesday, will see the amount of BCH produced with each new transaction block reduce from 12.5 BCH to 6.25 BCH. As a result, BCH miners can expect to earn lower rewards.</p> <p>Bitcoin Cash miners generated $13.34 million in March from block subsidies alone and less than $4,200 from fees. If the prices of Bitcoin Cash remain at the same level as they did in March, miners would only generate ~$6.7 million from subsidies as the subsidy gets cut in half, according to The Block's research. </p> <p><img class="aligncenter wp-image-61237 size-full" src="https://www.tbstat.com/wp/uploads/2020/04/image-55.png" alt="" width="1798" height="964" />Bitcoin Cash's current market capitalization stands at about $4.9 billion, according to <a href="https://coinmarketcap.com/">CoinMarketCap</a>. That figure is over 27 times lesser than bitcoin's current market capitalization of over $133 billion.<br /> <br /> Bitcoin’s other fork, Bitcoin Satoshi's Vision (BSV), is also <a href="https://www.coingecko.com/en/explain/bch_halving">expected</a> to complete its halving in less than two days at block number 629,775. Bitcoin’s halving, on the other hand, is <a href="https://www.theblockcrypto.com/post/61133/what-crypto-exchanges-are-saying-about-the-upcoming-bitcoin-block-reward-halving">expected</a> to occur sometime next month.</p>