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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on September 13, 2022, 10:59:56 AM

Title: Suggestions That Bitcoin Halving Might Come Sooner Are Mostly Wrong
Post by: Btceth01 on September 13, 2022, 10:59:56 AM

Bitcoin’s hashrate is reaching all-time highs, and it’s causing confusion about “the halvening” on Twitter.Bitcoin’s hashrate – the computational effort required to secure the network – is teetering on historical highs, raising concerns from a few people on Twitter about an accelerated Bitcoin halving schedule (the reward for mining a block is halved approximately every four years).
Should they be worried? Not really. Bitcoin’s algorithm prevents acceleration of the halving schedule, a developer highlighted.Bitcoin miners process transactions and compete to add a new block to the Bitcoin blockchain roughly every 10 minutes. Several factors (for example, number of miners or technological improvements) can disrupt that 10-minute rhythm, making it slightly easier or a little more difficult to mine blocks. Source  (https://cryptonews.net/12355975/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)