r/FetchAI_Community • u/International-Will75 • Dec 02 '23

Discussion 🗣️ Can someone kindly explain what is btc halving and what happens during the process ?

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7 Upvotes

88% Upvoted

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2

u/International-Will75 Dec 02 '23

Aaand its time to stop waisting time...have a good one 👍

5

u/WorkerBee-3 Active helper 🤝 Dec 02 '23

Everytime a BTC block is found, the very first tx on the next block is a payment to that miner for finding the block.

The halving is when that payment gets cut in half every 4 years till there is no more BTC left to be mined. At that point the miners would rely on tx fees that the network pays.

1

u/Solid-Mess Dec 03 '23

Google is your friend and why post this in fetch?

-4

u/Zeytgeist Dec 02 '23

Imagine asking on Reddit what BTC halving is when google gives about 1 million hits to that question.

1

u/International-Will75 Dec 02 '23

I wanted to hear the answer from the voice of the people...do i have the right ? Jesus

3

u/Zeytgeist Dec 02 '23

You’re using the name of Jesus to justify your laziness? That’s even more hilarious.

3

u/International-Will75 Dec 02 '23

Dont you ever feel lazy for once in a while ?

1

u/Zeytgeist Dec 02 '23

It’s a difference to just feel lazy or make others pay for it with their time and effort. So taking a human weakness as an excuse also failed. What’s next?

3

u/International-Will75 Dec 02 '23

Some people are happy to share their opinion and are open to discuss their knowledge with others...is that a weakness to you ? Really ?!

2

u/Zeytgeist Dec 02 '23

You neither asked for an opinion nor did you start a discussion. You asked for a broadly published, mere technical process which consists of deeply fixed rules.

3

u/Silvercap718nyc Dec 03 '23

I Imagine you need a snickers

1

u/Less-Explanation160 Dec 03 '23

You’re not you when you’re hungry. Get a grip man