#bitcoinhalving #BitcoinAwareness $BTC "Many will suffer": Charles Edwards on Bitcoin (BTC) halving
In general, the halving of miner rewards is great for Bitcoin (BTC) and the entire cryptocurrency segment in the long run. At the same time, its short term outcomes might be painful for some actors within the BTC ecosystem, Capriole Investments' founder Charles Edwards says on X.
The fourth Bitcoin (BTC) halving is expected to happen April 19, 2024, at about 1:53 p.m. UTC once the largest cryptocurrency reaches 840,000 block height.
The mining rewards will drop from 6.25 BTC per block to 3.125 BTC per block. As such, some miners with less energy-efficient hardware might go underwater in the next cycle.
Bitcoin's (BTC) halving mechanism is hard-coded into the tech design of the first cryptocurrency. It reduces BTC emission by half every 210,000 blocks or roughly once in four years.
