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Why Owning Just .17 Bitcoin (BTC) Will Change Your Life!? You'll Be In Earth's Richest 1%!!!The network reduces that reward by half every , blocks. This is called a halving. The point of the halving is to reduce the rate at which. A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half. Halvings reduce the rate at which new coins are created and. Bitcoin halving is when the reward for Bitcoin mining is cut in half and takes place every four years. The halving policy was written into.