21.04.24
Today, the Bitcoin cryptocurrency network has seen a decrease in the reward for finding a block, called halving. This process is repeated every 210,000 blocks, approximately every four years, and regulates the release of cryptocurrency. As a result of the fourth halving, the reward for finding a block in the Bitcoin network was halved, from 6.25 to 3.125 BTC.
In the past, such events were accompanied by an increase in the Bitcoin rate, which reached new historical highs. This time, the rate reached a new record even before the reduction in the reward, and is currently around $64,000, although the historical maximum of $73.8 thousand was recorded in the middle of last month.
Other cryptocurrencies have also seen price gains in recent months, but Ethereum, especially valuable to gamers and PC enthusiasts, has failed to stand out among them. This alternative cryptocurrency asset became the main cause of the “cryptocurrency boom” several years ago, when its miners literally ransacked stores, purchasing almost every available model of video card and raising their retail prices by two to three times. Currently, mining on video cards has become less profitable than before.