Bitcoin, the world’s most popular cryptocurrency, is set to “halve” in less than a week (Tuesday, May 12). In short, “halving” means that, as of May 12, Bitcoin (BTC) miners will receive half as much for each coin mined than they did on May 11. Currently, miners are compensated 12.5 BTC for every coin they mine. Next Tuesday, they will receive just 6.25 BTC.

Bitcoins are halved every four years and this will be the third such event in the currency’s relatively short history. Originally, miners earned 50 BTC back in 2009.

What will happen to the price of Bitcoin in the wake of the halving has been the topic of much discussion.

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