Talking about bitcoin is inseparable from blockchain technology. This technology is the basic technology in making bitcoin.
There are many ways to get bitcoins, one of which is by mining. You can do bitcoin mining by solving math problems and tasks that are quite difficult.
This troubleshooter will generate 64 random characters called a hash. Those of you who want to mine bitcoins must solve this problem, when this problem is solved a block will form and you as a miner will get bitcoins.
In the initial release of bitcoin, every miner who successfully solves this problem will get a reward of 50 BTC. But the originator of blockchain technology who has designed bitcoin will only be produced as many as 21 million with production in stages.
Satoshi Nakamoto as the inventor of bitcoin limits the speed of bitcoin production by dividing by two. The bitcoin halving is cutting the miner's reward in half.
This cut will occur after bitcoin production becomes 210 thousand. To achieve this production figure bitcoin takes approximately 4 years. So every 4 years the bitcoin miner reward will be cut in half.
The halving will really stop when 21 million blocks or bitcoins have been mined.
Simply put, halving bitcoin is cutting the reward that miners receive in half.
woww
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit