Four million Bitcoins left by Minar
We have reached the 17 million Bitcoins mined, this has some implications, this makes the supply is reduced, that is, there are only four million Bitcoin to be mined, each time it will become more difficult to acquire a Bitcoin, the offer in Bitcoin is limited only 21 million coins are going to exist, in addition to that, you should know that 1,800 Bitcoin are produced each day, for each block where the transactions are written, that you send or receive, that is generated every 10 minutes, the reward for the miner That resolves that block is currently 12.5 Bitcoins.
This is halved every 210 thousand blocks and is called halvening, the last occurred in July 2016 and the next one is expected for the beginning of 2020, whenever a halvening occurs, a rise is foreseen because the supply decreases, and because the supply becomes half, ie in 2020 there will be 6.25 for each block mined, and so on that halvening is given every 210 thousand blocks, in time approximately four years, this will make it increasingly difficult to acquire Bitcoin with money Fiat.
That makes us think that in the future we will not talk about acquiring Bitcoins, we will talk about satoshis, we do not know until when it will be affordable to buy a Bitcoin, in some years we will talk about acquiring a million satoshis, one hundred thousand satoshis, currency is governed by nine decimals, it is expected that Bitcoin will be mined in the year 2140.
With this in mind, the table suggests another common point of conversation when recognizing that Bitcoin is programmed to run for a long time, since Bitcoins are divisible, and that, as such, the smallest parts of each Bitcoin can have a value seemingly infinite, Also, to be clear, Bitcoin does not stop working when 21 million Bitcoin are produced, at that time, the idea is that the miners would be compensated only through the tariffs, which they already charge, although some have tried to project if such a market would work in practice.
Thanks for the information is very good, I did not know that there were only 4 million bitcoins left to be mined, which will happen after the last one is mined
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This will cause many expectations when it comes to the middle of 2020 and the effect may be an increase in the value of bitcoin
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Great post!
Thanks for tasting the eden!
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