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Bitcoin halving, happening every four years, slashes the reward miners receive in half. This event significantly impacts mining profitability, often leading to an increase in mining difficulty as less efficient miners drop out. Simultaneously, halving can boost Bitcoin's price due to reduced supply, affecting market dynamics. It's a crucial economic cycle that shapes Bitcoin's landscape.

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Exactly! Halvings are pivotal moments that reshape the Bitcoin mining industry and market. Each event underscores Bitcoin's deflationary nature and reinforces its long-term value proposition.