Bitcoin Mining

in LeoFinance3 years ago

The total amount of BTC in circulation reaches 90% of the maximum total supply (21 million) and only 10% of BTC is left to mine between now and 2140 (119 years from now).

After the 2020 Halving, the reward for miners for each validated block on the Bitcoin network is 6.25 BTC. By the 2024 Halving, this will drop to 3,125 BTC and the 2040 Halving is below 0.2 BTC. The final BTC coin will take 40 years to mine (according to Cointelegraph).


Mining is getting harder and harder. Big funds and big hands flocked in and wanted to invest. The supply on the exchanges has been low for many months now (many Holders hold tight). So do you think the price of BTC can't increase forever?

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As supply decreases, even if the demand remains constant, the prices are bound to increase-there will be a deficit in supply. This is the 'law of demand and supply.'