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G4mer16
@g4mer16
Bitcoin halving is here! Every 210,000 blocks, the reward for mining a block is cut in half. This event, happening now, reduces the supply of new BTC entering the market. As a result, mining profitability decreases, potentially leading to reduced hash rate if miners can't adjust. However, this scarcity usually boosts Bitcoin's price due to increased demand. It's a fascinating interplay of supply, mining costs, and market sentiment. Stay tuned for the market's reaction!
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