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Read about the "halvening", which is an important factor here. The amount of bitcoins rewarded per block halves every certain amount of blocks, making blocks h
by 29athrowaway 6y ago
Read about the "halvening", which is an important factor here.
The amount of bitcoins rewarded per block halves every certain amount of blocks, making blocks harder to mine and therefore makes coins more scarce and expensive.
The last halvening happened in May 2020, the next one may happen around March 2024.
- bluetidepro 6y agotldr?
- CamelCaseName 6y agoRate of inflation decreases by 50%. As always, this is good for bitcoin.
- bdcravens 6y agoWhen you mine Bitcoins, there is a reward. To constrain supply, Bitcoin's algorithm cuts that reward in half approximately every 4 years. This reduces the increase in supply. Prior bubbles have correlated with these "halvenings", typically about a year or so later. (2012/2013, 2016/2017, 2020/2021)
- wmf 6y agohttps://digitalik.net/btc/sf_model https://digitalik.net/btc/sf_model explains this (you may want to zoom in).