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Bitcoin Halving 2024: How it Works and Why It Matters

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Bitcoin miners, whose computer processors enable the operation of the world’s most popular virtual currency, will soon confront an event that occurs every four years and has a significant impact on the profitability of the high-tech industry. The term “halving” refers to the process through which cryptocurrency mining businesses and individuals learn of the lower payout they will get in exchange for their contribution to the system’s smooth operation.

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