Miners have 3 million bitcoins left to mine
Today, April 1, 2022, the 19 millionth BTC coin was mined. It was mined on block number 730,002.
Considering that the total supply of bitcoin is 21 million coins, 90.48% of the tokens of the first cryptocurrency have been mined. All BTC coins will be mined by October 8, 2140.
The mining process is extended through an event known as halving. This is a reduction in the reward received by miners for mining blocks.
The creator of the cryptocurrency, Satoshi Nakamoto, has put a mechanism in the cryptocurrency blockchain, according to which the number of payments to miners is reduced by 50% after 210 thousand mined blocks.
The previous halving, which reduced the block reward from 12.5 BTC to 6.25 BTC, took place in May 2020. Further halving is scheduled for 2024. Recall that the 18 millionth coin in the Bitcoin blockchain was mined on October 19, 2019.
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