Bitcoin and chains · 07 / 86
Mining and the halving
New bitcoin is paid to miners who add blocks. About every four years that new supply is cut in half. The cut is not a promise that the price rises.
Who gets the new coins
Miners spend machines and electricity. The subsidy, plus fees from transactions, is how they are paid. When people pay high fees, miners prefer those transactions.
What the halving does not do
A smaller flow of new coins does not force buyers to appear. Sellers, fees, and attention still set the next trade.
Anyone selling you a halving as a sure profit is selling a story. The calendar event is real. The profit is not owed to you.
Check yourself
Does the halving guarantee a higher price?
No. It cuts the new supply. It does not create buyers.
After this you can explain who receives new bitcoin, and refuse a halving as a guaranteed rise.