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BTC Halving

Bitcoin's halving event, occurring every 210,000 blocks or approximately every 4 years, reduces the mining reward by half. This event decreases the supply of new Bitcoins, potentially increasing demand and value, while also impacting miners' profitability due to lower rewards. It is a fundamental mechanism in Bitcoin's design to control inflation and sustain its value over time.

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13 views1 page

BTC Halving

Bitcoin's halving event, occurring every 210,000 blocks or approximately every 4 years, reduces the mining reward by half. This event decreases the supply of new Bitcoins, potentially increasing demand and value, while also impacting miners' profitability due to lower rewards. It is a fundamental mechanism in Bitcoin's design to control inflation and sustain its value over time.

Uploaded by

zacklamar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BTC HALVING

Bitcoin's halving event, also known as the "halvening," is a pre-programmed


reduction in the block reward for miners. Every 210,000 blocks, or approximately
every 4 years, the reward for mining a block is cut in half.

Here's what it means:

- *Reduced supply*: The halving event reduces the number of new Bitcoins released
into circulation, which can lead to increased demand and, potentially, higher
prices.
- *Increased scarcity*: By reducing the supply of new Bitcoins, the halving event
increases the scarcity of the cryptocurrency, which can contribute to its value.
- *Impact on miners*: The reduced block reward means miners receive fewer Bitcoins
for their work, which can lead to increased costs and reduced profitability.

The halving event is a key aspect of Bitcoin's design, aimed at controlling


inflation and maintaining the value of the cryptocurrency over time.

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