April 20, 2024

Miners have already mined 90% of the maximum amount of bitcoins

Miners have already mined 90% of the maximum amount of bitcoins

According to Blockchain.com data, miners have only 10% of the total amount of bitcoins left to mine.

As of December 13, almost 19 million coins have been mined, which is90% of the maximum possible volume of 21 millionThe limit is set in the code of the cryptocurrency itself and is a strict emission limitation that plays a key role in the formation of its value and function as a store of value.In recent years, it is this economic component that has attracted investors.

Although it took the miners a little over 12 years to mine 9/10 of all possible coins, This is due to another deflationary mechanism – halving – which provides for halving the reward for closing new blocks by half about every 4 years.That's how long it takes to expand the blockchain by 210 thousand blocks.

The last halving took place in May 2020, as a result of which the miners' reward was reduced from 12.5 BTC to 6.25 BTC.In 2024, it will decrease to 3.125 BTC per block, and by 2040 to 0.195 BTC.By that time, out of 21 million, only 80,000 will remain unfinished.bitcoins, but it will take almost 40 years to obtain them.

Miners have already mined 90% of the maximum amount of bitcoins

Over the past day, the BTC rate has decreased by 0.68% andat the time of publication is $ 48878. This is 29.4% lower than the maximum price of $ 68,915 recorded on November 10 this year. The market is still moving away from the December collapse, as a result of which Bitcoin fell by 17.5% over the course of the day.

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