#MyFirstSquarePost
#bitcion #Halving2024
When will the Bitcoin halving come and who should be afraid?
About every four years, the Bitcoin community is shaken by the dreaded word “halving”. There are always those who make hype on this natural phenomenon with the hope of getting additional profit. Unfortunately, there are also those who engage in such provocations and provide this same benefit to others.
In the last week, a topic that in a nutshell sounds like: "Halving is coming!" is gaining popularity. Moreover, it was presented as if it was approaching not another reduction of the reward for the processed block, but a real apocalypse and armageddon in one form. But should the average Bitcoin coin holder really care about the halving, and is it really coming early?
Actually no, and there is a simple explanation for this: Bitcoin algorithms are not tied to real time or calendar. More precisely, the only time the system needs is about 10 minutes for each block to be processed. The blockchain monitors the efficiency of the work and controls that the task does not exceed the specified time limits. If the power of miners increases, the system complicates the task. This happens every 2016 blocks, which is practically every 2 weeks in real time.
That is why it is nonsense to talk about the early start of the halving in view of cryptocurrency rates. The Bitcoin network will inevitably halve the block reward when the next 210,000 such blocks are closed, approximately 10 minutes each.
If you are just a Bitcoin owner, you should not think about halving at all. Its very fact will in no way affect the number of your savings - they will not be halved, as if at the snap of Thanos.
If you are a miner, you should check the profitability of your business, the number and capacity of the equipment. However, do not be in a hurry to turn off the farm: if other miners become much less, the value of Bitcoin will definitely increase. And that's when your equipment will become extremely necessary for the system.
Please subscribe, we have a lot of interesting topics ahead of us.
