What Is Bitcoin Halving
Nov 28, 2023
What Is Bitcoin Halving Why It Matters & What To Expect
Picture this: every four years, the Bitcoin network hosts a mega event called ‘Bitcoin Halving.’ It’s like a celebration but for miners, where the block reward — the Bitcoins they earn for adding blocks to the blockchain — gets cut in half!
Imagine, back in 2009, miners scored a whopping 50 Bitcoin for each block. Fast forward, it’s now reduced to 12.5 Bitcoin in 2016. But hey, this isn’t just about controlling supply; it’s a game-changer for the whole Bitcoin mining scene. It pushes miners to up their game, become more tech-savvy, and run more efficient operations in the face of shrinking rewards!
