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The cryptocurrency community is preparing for a significant event in the Bitcoin network, known as a halving, which will cut mining rewards in half, to 3,125 BTC. This upcoming change highlights the importance for miners to improve their operational efficiency in order to maintain profitability.
Halving is a feature built into bitcoin, which occurs approximately every four years and aims to control inflation by reducing the rate at which new bitcoins are created. As the next halving approaches, the sector is closely monitoring the market reaction.
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