Bitcoin halving.

In plain English

The halving is written into bitcoin's software and triggers after a fixed number of blocks, reducing the block reward miners receive by 50 percent each time. Because that reward is the only source of new coins, each halving slows issuance and moves the network closer to its fixed maximum supply. It also cuts miner revenue overnight unless the price rises or transaction fees make up the gap, which pushes less efficient miners out. Traders watch halvings closely and build narratives around them, though a scheduled event known years in advance is available to every buyer at once. Over the long run, fees rather than new issuance are expected to pay for security.

01Why it matters

Halvings are the mechanism behind bitcoin's capped supply story, and they are also fully known in advance, which matters when someone presents one as a hidden edge.

02The math, step by step

Say the block reward is 6.25 coins and blocks arrive every 10 minutes, which is 144 blocks a day, or 900 new coins daily. After a halving the reward is 3.125 coins, so daily issuance falls to 450 coins, a 50 percent cut in new supply.

Illustrative example. The amounts here are hypothetical, chosen to show how the math works, not real quoted rates or figures.

03What this is NOT

04Receipts

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