Current location:International Iterations news portal > style
Bitcoin halving: Everything you need to know
International Iterations news portal2024-04-20 05:02:33【style】2People have gathered around
IntroductionNEW YORK (AP) — Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of
NEW YORK (AP) — Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut — effectively slicing new production of the world’s largest cryptocurrency in half.
That could have a lot of implications, from the price of the asset to the bitcoin miners themselves. And, as with everything in the volatile cryptoverse, the future is hard to predict.
Here’s what you need to know.
WHAT IS BITCOIN HALVING AND WHY DOES IT MATTER?
Bitcoin “halving,” a preprogrammed event that occurs roughly every four years, impacts the production of bitcoin. Miners use farms of noisy, specialized computers to solve convoluted math puzzles; and when they complete one, they get a fixed number of bitcoins as a reward.
Halving does exactly what it sounds like — it cuts that fixed income in half. And when the mining reward falls, so does the number of new bitcoins entering the market. That means the supply of coins available to satisfy demand grows more slowly.
Address of this article:http://www.videocameralive.com/mevo-start-wireless-live-streaming-camera-1080p-hd-video-quality-4/
Very good!(138)
Related articles
- Bitcoin halving: Everything you need to know
- RSCPA's wildly woke rebrand: As charity infuriates farmers and slams Brits killing snails
- US, UK intelligence leaders raise fresh alarms about Chinese espionage
- Thomas Kingston dies aged 45: How the royal family will form a tight circle of support around much
- Larry David reunites with onscreen ex
- What is happening with the NZ housing market this week?
- Family use a drone to find their lost dog... and find it playing with a family of wild BEARS!
- Auckland trains on eastern and southern lines suspended
- A former Russian tycoon who once led separatist region launches a hunger strike in Azerbaijan jail
- 'It has taken us time to explain to George, Charlotte and Louis
Popular articles
Recommended
French athletes at Paris Olympics will receive better mental health protection
Hong Kong gov't contacts police over satirical fake press release congratulating porn star
US House passes controversial surveillance bill on 4th attempt
Sandringham House is filled with the spirit of the King's gentle
Has Salman Rushdie changed after his stabbing? Well, he feels about 25, the author tells AP
How Princess Diana's audacious bid for freedom 30 years ago became a heart
US military ship heading to Gaza to build port
A quiet birthday for Meghan's former best
Links
- Chinese armed forces deploy multiple rescue forces in response to Gansu earthquake
- Lee hails competitive HK vote
- Cold wave to sweep across China
- Dog owners to shoulder all responsibility if banned large dog injures someone: top court
- China sees smooth road traffic on first day of holiday
- Social media star revives interest in ancient Chinese writing
- Village operators drive development in Zhejiang's Lin'an district
- Prefabricated houses set up at temporary relocation sites in quake
- External power supply project of Chizhou
- China steps up efforts to improve legal services for disabled people