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Bitcoin Halving

mahmudul01 - 2024-04-10 20:06:54



Assalamu Alaikum





How are you all? Today I will discuss with you Bitcoin Halving. I am young and have very little experience so please excuse any mistakes.

![istockphoto-1331999260-612x612.jpg](https://cdn.steemitimages.com/DQmShEatnDWKiG7kzvrao2ptkt6bp6WmpMtUiUzLtUcDadt/istockphoto-1331999260-612x612.jpg)
[Source](https://www.istockphoto.com/en/vector/bitcoin-halving-2024-vector-illustation-gm1331999260-414975551)

Bitcoin halving is where Bitcoin is halved and it happens at least every four years.
The current price of Bitcoin, at 6.25 BTC-around $410,000 until March 2024, provides a decent incentive for miners to add blocks of Bitcoin transactions.
These blocks of transactions are added roughly every 10 minutes, and the Bitcoin code dictates that the reward for miners is halved after every 210,000 blocks are created.  It occurs roughly every four years in such a period.  So far about 19.5 million bitcoins have come into the market, if it reaches 21 million then no more bitcoins can come into the market.
Bitcoin was born in 2009. From 2009 to 2012, 50 bitcoins could be mined. But after its halving in 2016, the number was reduced by half to 25. 

![istockphoto-1836589356-612x612.jpg](https://cdn.steemitimages.com/DQmcoYePHaWoiDYxmfe9nShkSqMidWcXdThdbn8XEBMFYqd/istockphoto-1836589356-612x612.jpg)
[Source](https://www.istockphoto.com/en/vector/bitocin-halving-the-reward-for-bitcoin-mining-is-cut-in-half-gm1836589356-551136521)
From 2016 to 2020, 25 bitcoins were mined every 10 minutes.  After the halving in 2020 that drops to 12.5. Halves again.  As a result we can say that after every halving Bitcoin mining is reduced by half. In terms of this, it can be said that after the halving of 2024, 6.125 Bitcoins can be mined every ten minutes. At present, 1043 Bitcoins can be mined per day.  After halving it will come down to 450. Bitcoin halving is expected to happen on April 17, 2024.  But it is not completely sure, it may happen in May. But the probability of happening in May is very low.  It is most likely to be delayed by 5-10 days in April.
About a halving, said David Weisberger, CEO of trading platform CoinRoutes, "this looks pretty good compared to the 4.1% annualized inflation recorded for 2023. Also about the halving, IRA Chief Operating Officer Chris Klein said, "At a time when supply is tight, increasing demand is worth it.  have a positive impact on, which could make Bitcoin attractive to investors.”
Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all. 

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