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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.

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