Siri
@siriosp
When Satoshi Nakamoto created Bitcoin, he encoded the mechanism that cuts the mining reward in two roughly once every four years in the event known as ‘halving.’ It drastically reduces the inflow of new bitcoins to the market. It elevates the costs of unlocking new coins via mining as miners have to spend the same amount of resources to get 50% of what they were getting before halving. Therefore, they have to sell what they mine for higher prices to keep their operation profitable.
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