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Importantly, increasing the amount of computing power dedicated to bitcoin mining will not mean more bitcoins are mined. Miners with more computing power only increase their chances of being rewarded with the next block, so the amount of bitcoin mined remains relatively stable over time. The Bitcoin network uses a coin distribution strategy known as “bitcoin halving” that ensures the amount of bitcoin distributed to miners reduces over time. By gradually decreasing the supply of new bitcoin entering circulation, the idea is it will help support the asset’s price (based on the fundamental principles of supply and demand.)