Bitcoin Halving Has Miners Prepping as Marathon Aims to Beef Up Rigs Decrypt | Makemetechie.com Summary

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  • The move will add 390 megawatts of capacity, the company said, and it is expected it will reduce the cost per coin mined by around 30%.The Bitcoin halving is an event which occurs roughly every four years..
  • There will only ever been 21 million Bitcoin minted, but the halving makes it so the available supply entering the market is slowed down periodically..
  • In a Tuesday statement, the publicly traded company announced the acquisition of two Bitcoin mining sites for $178.6 million..
  • The event is baked into the Bitcoin protocol and ensures that miners—those who keep the network secure and process transactions—have their rewards cut in half..
  • The halving of rewards is meant to keep Bitcoin inflation in check..
  • As with previous halvings, the lingering question on the minds of investors is once again: Is the halving priced in?.
Bitcoin miner Marathon Digital Holdings is preparing for the halving.In a Tuesday statement, the publicly traded company announced the acquisition of two Bitcoin mining sites for $178.6 million. T [+2215 chars]

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