The Bitcoin halving, occurring every 4 years, reduces the block subsidy reward miners receive, instrumental in maintaining the capped supply of 21 million bitcoins.
Miners not only benefit from the block subsidy but also earn additional bitcoin from transaction fees attached by users, impacting their total rewards.
The next Bitcoin halving is projected around April 20, 2024 EST, lowering the block reward to 3.125 BTC, approaching the maximum supply limit of 21 million bitcoins.
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