Summary
The bitcoin halving event is expected to happen on April 19 or 20. The event will affect bitcoin miners, but it's a big deal for most anybody connected to the asset. Since bitcoin's inception, these halving events occur every four years. The first miners of bitcoin earned 50 coins for their work. When the first halving took place, they would only earn 25 bitcoin. energy use of bitcoin will rise. The energy required for bitcoin mining alone could power a mid-size nation year-round. In America, crypto mining consumes nearly 2% of the country's power usage. Many bitcoin bulls have come to terms with bitcoin's lack of practical use. Still, there is hope that the digital asset will become a useful currency that can one day compete with fiat money like the USD.
