Today, during the day, a halving will take place in the blockchain of the main cryptocurrency Bitcoin.
This event takes place approximately once every 4 years.
❗️ Halving is a planned and embedded in the Bitcoin code reduction of the reward that a miner receives when adding a block of transactions to the blockchain.
💰 Bitcoin contains a technology in which everything is thought out to the smallest detail.
Progress does not stand still and every year “computers are becoming smarter” and in order to process a block of transactions, computing power needs less and less resources.
To prevent technology from becoming ahead of BTC in development in the future, a halving function was added to it from its very creation (increasing the difficulty of mining, which occurs every 210 thousand new blocks completed by miners).
🌗 With each halving, the amount of BTC that miners receive as a reward for the mined block is halved.
After the current halving, miners will receive only 3.125 BTC for mining a block.
That's only 450 BTC per day or 162,000 BTC per year 📉
To return to the previous level of earnings, miners will have to improve their equipment, and this is an additional cost.
With the halving, the cost of bitcoin mining will also increase; according to various estimates, it could be ~$45,000-$53,000.
📈 Historically, after each halving, the price of BTC increases over the long term.
Yes, the market may sink at some point or Bitcoin will continue to trade sideways for some time.
But further medium-long term movement is obvious, the market will go up and will continue to grow for almost another 1.5 years!
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
✔️ Then subscribe to the channel and like
➡️ #cassius_trade Look for us on Pavel Durov’s social network. Be sure to subscribe!
#dyor #crypto2024 #btc #bitcoin
