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Why Ethereum Classic’s third ‘halving’ puts pressure on miners’ profits

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Why Ethereum Classic’s third ‘halving’ puts pressure on miners’ profits


Ethereum Classic — a 2016 fork from the main Ethereum blockchain — just completed its third halving, reducing the tokens paid out to miners on the network by around 20%. The reduction on the $4.4 billion blockchain occurred at block 20,000,001, or 12:00 am London time on May 31. Miners now earn…

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