The fourth "halving" of the Bitcoin network was finished on Friday night, bringing the total number of bitcoins that miners can earn down from 6.25 to 3.125. Technically speaking, the halving shouldn't have an immediate impact on the price of bitcoin many investors are projecting significant gains in the coming months.

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This is my question that when the miners' reward is halved and if the transaction cost is reduced, then what is the incentive for the miners?