The fourth Halving has now been completed for Bitcoin. Here’s how the miners have reacted to the event regarding their total hashrate.
Bitcoin 7-Day Average Hashrate Hit New All-Time High Recently
Halving is a periodic event for Bitcoin in which its block rewards—that is, the rewards that miners receive for solving blocks on the network—are permanently cut in half.
This event takes place roughly every four years, and the latest one was completed just recently. This was the fourth Halving the cryptocurrency has gone through, and its block rewards have now come down to 3.125 BTC from 6.25 BTC.
Bitcoin miners earn their living from two sources: the block rewards and transaction fees. Historically, however, the former has been a much more dominant income stream, as transaction fees have often stayed relatively low.
Since the Halvings drastically affect the block rewards, these events are naturally relevant for the miners. One way to track how the miners react to these ev
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