RATE Group | Bitcoin Halving 2020: Miners in China Brace For Impact
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Bitcoin Halving 2020: Miners in China Brace For Impact

04 Apr Bitcoin Halving 2020: Miners in China Brace For Impact

Posted at 20:05h in Bitcoin News by

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Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China.

In about 40 days, the world’s first and largest cryptocurrency by market capitalization, bitcoin (BTC), will undergo a pre-programmed block reward reduction known as the halving. 

Roughly every four years, bitcoin’s block subsidy rewards are cut by 50 percent to prevent currency inflation. Recurring halving events also ensure that total supply over time is capped at 21 million coins. It will take an estimated 64 halving events before the last bitcoin is mined. So far, there have only been two. 

To commemorate bitcoin’s third halving, CoinDesk Research is launching today a new weekly podcast series about the bitcoin mining industry. Each episode features discussions with leading experts in bitcoin mining hardware, operations and pool management on a variety of topics related to…

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