Halving Formula T-Shirt

This is recognized as the halving formula. Now, let's explain it, from left to right. The 32 in the upper left corner represents the maximum number of halvings that will exist. The ∑ represents the sum that is equivalent to the amount of bitcoins. The "i" represents the number of existing halvings. Moving to the middle of the equation, 210,000 is the number of blocks mined between each halving. And, on the right side, the 50 (BTC) was the miner's reward in the first 4 years of mining. In summary, halving is an event in cryptocurrency mining, such as Bitcoin, where the reward for each mined block is cut in half. The basic formula is simple: the current reward is divided by 2. For example, in Bitcoin, every 210,000 blocks mined, the reward is cut in half. This aims to control the supply of the currency, making it scarcer over time.