This Friday, April 1, 19 millionth Bitcoin was mined. This means that, according to the plan of the initiator of this cryptocurrency, Satoshi Nakamoto, there are only 2 million bitcoins left to create. The jubilee bitcoin was mined by SBI Crypto, earning a well-deserved prize of 6.25 bitcoins.
This significant “round” number of available bitcoins was reached only three and a half months after another important event was marked – in December, the threshold of 90% of all bitcoins that will ever exist was crossed. The threshold of 18.5 million bitcoins was reached in September 2020.
The 19,000,000th bitcoin was just mined.
Only 2 million more bitcoin to go.
— Pomp 🌪 (@APompliano) April 1, 2022
Thanks to Satoshi’s plan, mining rewards are progressively declining, and the weight of the deal is increasing, so the remaining two million bitcoins will be mined significantly longer than it took to create the first 19 million. According to current estimates, the last bitcoin should be created around 2140. The next “halving”, ie the reduction of the mining prize by half, will take place in 2024.
When it comes to mining intensity, the so-called hash rate, these days is at its historically highest levels – it has exceeded 200 million TH / s (terahash per second). The complexity of mining is also, accordingly, at the bent highest levels.
Given the planned reduction in supply, mining worldwide is expected to continue to increase.
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