After all the bitcoins have been mined, what will miners rely on to sustain themselves?
Bitcoin adjusts mining difficulty every 2016 blocks to keep the average block time at around 10 minutes.
Here’s the key point: Be skeptical when you hear the halving cited as a reason for price increases. There are few comparable examples, and many more factors affect the market.
The issuance schedule of $BTC is hard-coded into the consensus rules; no institution can suddenly issue more.
Don’t rush into action just because everyone around you is doing it.
#BTC
Just chatting—this is not advice.
Bitcoin adjusts mining difficulty every 2016 blocks to keep the average block time at around 10 minutes.
Here’s the key point: Be skeptical when you hear the halving cited as a reason for price increases. There are few comparable examples, and many more factors affect the market.
The issuance schedule of $BTC is hard-coded into the consensus rules; no institution can suddenly issue more.
Don’t rush into action just because everyone around you is doing it.
#BTC
Just chatting—this is not advice.