The Bitcoin halving is today and here's all you need to know 🚀❤️ #BitcoinHalving ... A thread What is Bitcoin halving? #Bitcoin halving is the process of splitting the rewards for mining #Bitcoin transactions in half. It occurs every four years(every 210,000 blocks). It helps to reduce the total Bitcoin supply What happens during #Bitcoin halving? - The block reward for miners is cut in half. This means that mining institutions or individuals would get half the rewards for mining. For example if the former reward before the halving was 3 #Bitcoin, miners would now get 1.5 Bitcoin. - The supply of new coins entering the market is reduced. - The rate at which new coins are created is reduced by 50%. It is important to know that the halving would occur every 4 years until all 21 million coins have been mined. Why is #Bitcoin halving important to note? - Maintains scarcity, which is important to Bitcoin's value. - Reduces the rate at which new Bitcoins are created, which can lead to an increase in price if Bitcoin remains in high demand - Attracts more press coverage and interest in #cryptocurrencies and #Bitcoin, which can lead to an increase in demand for Bitcoin. - It can indicate potential price movements. Investors are closely monitor the event. - it could potentially reduce the amount of miners as some mining institutions would no longer see it as profitable due to the high cost of running the mines. However miners still get rewards from transaction fees. What is the history of #BitcoinHalving ? #BitcoinHalving has occurred three times in the past - November 28, 2012: The reward dropped from 50 to 25 bitcoins per block. - July 9, 2016: The reward dropped from 25 to 12.5 bitcoins per block. - May 11, 2020: The reward dropped from 12.5 to 6.25 bitcoins per block. - April 2024 (today) : The reward is expected to drop from 6.25 to 3.125 bitcoins per block. Let's see what #BitcoinHalving would do to the market, stay tuned🚀❤️ ❤️ + 🔁 #Bitcoin #BitcoinHalving
@Blissfru $Tucker is going to the moon. 8x to all time high a month ago. Still under $10 mill MC at all time high. 100x potential easy. 20% supply burned. 1% tax donated to worthy charities like Wounded Warrior project. #cryptocurrency #Bullrun2024