Finally, an hour ago, one of the biggest and most anticipated events of 2020 in the field of currency cryptography took place and we witnessed the third bitcoin hawing. Now, following Howing, the mining bonus of this digital currency has been halved, from 12.5 bitcoins to 6.25 bitcoins. It is interesting to know that the first block of bitcoins was mined in 2009 and according to various sources, more than 18.37 million bitcoins have been mined so far.

In fact, these hawings are an integral part of the bitcoin network because this phenomenon is designed to preserve the value of bitcoin. In other words, the creator of Bitcoin has designed this network in such a way that the number of bitcoins in the network does not exceed 21 million. Thus, this process and repeated hawings occur every few years until finally in 2140, with the extraction of 21 million bitcoins.

Howing bitcoins during these years and reducing bonuses

Hawing actually halves the mining reward and increases the difficulty of the network. Therefore, many experts believe that as a result of this, many miners, especially those who have older devices, will no longer benefit from mining and will stop mining because these devices consume a lot of energy and will not seek enough income for them. Had.

However, others believe that the value of bitcoin will increase after Hawing, and we have had this happen in the previous two Hawings. It is interesting to know that since last night when Hawing took place, about $ 200 has been added to the value of Bitcoin.