What is a bitcoin halving
Whoa there, pardner!
The impact of Bitcoin halving on miners is significant and multifaceted. The reward for mining new Bitcoin blocks is halved. This means miners receive 50% less Bitcoin for every block they successfully mine than before the halving. Bitcoin halving explained A bitcoin halving is built into the network’s underlying blockchain software, which dictates the rate at which new bitcoins are created. The software requires computers in the network to compete to verify transactions – through a process known as ‘mining’ – and rewards them with a number of new bitcoins when they can prove that the transactions they have selected are valid. Transactions are verified in groups called ‘blocks’ and the network is coded to halve the reward received by miners every 210,000 blocks.
What is a bitcoin halving
Bitcoin Halving Countdown: 2024 Halving Date & A Review of Past Halvings
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