Bitcoin halving is simply the reduction in bitcoin block reward issued to miners by half. As of today, the block reward for miners is 6.25 newly minted bitcoin which was not in circulation at all. When the next halving occurs, it will be reduced by half this is an automatic process built into the Bitcoin network and it occurs each time another 210,000 blocks are mined which takes about 4 years.
#bitcoinhalving2024 #bitcoinnews #bitcoinmining #bitcointoday
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