RATE Group | Will the Bitcoin Halving Kill Independent Miners?
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Will the Bitcoin Halving Kill Independent Miners?

10 May Will the Bitcoin Halving Kill Independent Miners?

Posted at 07:16h in Cryptocurrency News by

To the crypto outsider, Bitcoin ‘halvings’ may appear as a semi-mythical and quirky anomaly unique to the BTC sphere: much like a solar eclipse, they come every once in a while, greeted with much anticipation.

If you don’t already know, a halving (or ‘halvening’, as some say) is an event in which the coin rewards that are paid out to miners are cut in half. The next halving is expected to take place on Monday of next week around 7:45 PM EST. These events occur once every 210,000 blocks, or roughly one time every four years.

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To the average outsider, halvings may seem like incidents of no real consequence; for the inner crypto community, though, halvings can have a wide range of consequences.

In the longer-term, a number of analysts and traders expect the halving to boost the price of Bitcoin–in the past, Bitcoin has seen a significant rally 12-18 months after a halving has occurred.

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