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Bitcoin halving in 8 hours 🔥♥️
Bitcoin halving is the event where Bitcoin's mining reward is cut in half. Here are some key points about Bitcoin halving ¹ ² ³ ⁴:
- *Occurrence:*
Approximately every four years or after 210,000 blocks are mined on the Bitcoin blockchain.
- *Purpose:*
To control inflation and maintain scarcity, which is a core part of Bitcoin's value proposition.
- *Impact:*
Reduces the rate at which new Bitcoins are created, which could lead to price appreciation if demand remains constant or increases.
- *Mining Reward:*
The reward for miners is halved, directly impacting the rate at which new Bitcoins are introduced into circulation.
- *Block Reward:*
The current block reward is 6.25 BTC, and the next block reward will be 3.125 BTC.
- *Total Supply:* The total number of Bitcoins that can ever exist is capped at 21 million, and it's impossible for more Bitcoins to ever exist.
- *Halving Schedule:*
The next halving is projected to occur around April 2024, and the process will continue until all 21 million coins have been mined, which is estimated to happen around 2140.
Bitcoin halving is the event where Bitcoin's mining reward is cut in half. Here are some key points about Bitcoin halving ¹ ² ³ ⁴:
- *Occurrence:*
Approximately every four years or after 210,000 blocks are mined on the Bitcoin blockchain.
- *Purpose:*
To control inflation and maintain scarcity, which is a core part of Bitcoin's value proposition.
- *Impact:*
Reduces the rate at which new Bitcoins are created, which could lead to price appreciation if demand remains constant or increases.
- *Mining Reward:*
The reward for miners is halved, directly impacting the rate at which new Bitcoins are introduced into circulation.
- *Block Reward:*
The current block reward is 6.25 BTC, and the next block reward will be 3.125 BTC.
- *Total Supply:* The total number of Bitcoins that can ever exist is capped at 21 million, and it's impossible for more Bitcoins to ever exist.
- *Halving Schedule:*
The next halving is projected to occur around April 2024, and the process will continue until all 21 million coins have been mined, which is estimated to happen around 2140.