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DEFI(NE)

Heard on the Block: “Halving”

Snacks / Wednesday, July 12, 2023

🧾 When your paycheck takes a hit but your monthly bills stay the same…

About every four years, the amount of bitcoin that miners get for mining a block is cut in half. This reward reduction, dubbed “the Halving,” steadily decreases the rate at which new BTC is born, to ease inflationary pressure (FYI: total max BTC supply = 21M). The next Halving is expected in April, and barring gains in BTC price or mining efficiency, it could drive some miners into unprofitability.

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