Bitcoin’s mining rewards will be cut in half in April

the Bitcoin Halving. To fight inflation, Bitcoin’s programmers baked the reduction into the token’s structure roughly every four years. The last time Bitcoin’s mining reward halved was in May 2020.

Bitcoin’s rewards will decrease from 6.25 BTC to 3.125 BTC during the upcoming halving. This change might result in a lower hash rate, as less efficient miners could find it challenging to cover their costs and take their mining rigs offline. A reduced hash rate is likely to cause a decrease in Bitcoin mining difficulty as the network aims to keep a steady block production every 10 minutes.