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Aboo_ πππβοΈ
@aboo-dway
The Bitcoin halving is an event that occurs every 4 years, reward for mining Bitcoin is cut in half. 1. Reduced supply: The halving reduces the number of new Bitcoins released into circulation, which can lead to increased demand and, in turn, drive up the price. 2. Miner rewards: Miners receive 50% fewer Bitcoins for validating transactions and creating new blocks. 3. Halving cycle: The halving occurs every 210,000 blocks, or approximately every 4 years. 4. Past halvings: - 2012: Reward dropped from 50 BTC to 25 BTC - 2016: Reward dropped from 25 BTC to 12.5 BTC - 2020: Reward dropped from 12.5 BTC to 6.25 BTC 5. Impact on price: Historically, the halving has led to significant price increases in the months and years following the event. 6. Increased security: The halving makes it more expensive for potential attackers to launch a 51% attack on the network. 7. Energy efficiency: The halving can lead to more energy-efficient mining, as miners must optimize their operations to remain profitable.
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UcheβοΈπβ‘ππ π©
@gconcept
Thanks for sharing.ππ
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Algebra π©
@125xy
Thanks for the information 221 $degen
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Cha's CosmeticsππβοΈ
@xcellentcha
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ZonniaβοΈππππ
@zonniasparkle
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