Cryptocurrency Q&A
How long until the last bitcoin will be mined?
How long until the last bitcoin will be mined?
DigitalTreasureHunter
Sat Aug 31 2024
|
7 answers
1401
Good day, I have a question regarding the future of Bitcoin mining. I understand that Bitcoin has a finite supply, with a total of 21 million coins to be mined. Given the current rate of mining and the diminishing rewards over time, I'm curious about the timeline for the final Bitcoin to be mined. Can you provide an estimate of how long it will take until the last Bitcoin is mined, taking into account current and potential future trends in mining technology and difficulty? Thank you for your insights.
7 answers
GyeongjuGloryDaysFestival
Mon Sep 02 2024
Understanding the timeline for the mining of Bitcoin is crucial for those invested in the cryptocurrency.
Was this helpful?
41
58
CryptoDynastyLord
Mon Sep 02 2024
The total supply of Bitcoin is fixed at 21 million, a finite number that sets it apart from traditional currencies.
Was this helpful?
201
20
SejongWisdomSeeker
Mon Sep 02 2024
The rate of new Bitcoin generation, known as mining, decreases over time. This process is designed to gradually slow down the creation of new coins.
Was this helpful?
210
92
Martina
Sun Sep 01 2024
Currently, miners receive a reward of 6.25 Bitcoins for each block they successfully mine. However, this amount halves roughly every four years, a process known as halving.
Was this helpful?
199
73
Tommaso
Sun Sep 01 2024
Based on the current mining rate and the halving schedule, experts estimate that the last Bitcoin will be mined around the year 2140.
Was this helpful?
220
35
Load 5 more related questions
