When will all Bitcoin be mined and what will happen after that?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! Bitcoin mining is the process of adding new transactions to the blockchain and releasing new Bitcoins into circulation. Currently, the reward for mining a new block is 6.25 Bitcoins. The total supply of Bitcoin is capped at 21 million coins. As of now, around 18.7 million Bitcoins have been mined. It is estimated that all Bitcoins will be mined by the year 2140. After that, no new Bitcoins will be created through mining. Instead, miners will rely on transaction fees as an incentive to continue mining. This transition is expected to make mining more competitive and secure the network even without block rewards.
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• Dec 16, 2021 · 3 years ago
  Well, Bitcoin mining is a process where powerful computers solve complex mathematical problems to validate transactions and add them to the blockchain. As for when all Bitcoins will be mined, it is predicted to happen around the year 2140. After that, the mining process will no longer generate new Bitcoins. Miners will still play a crucial role in securing the network and validating transactions, but their rewards will come from transaction fees instead. This change is designed to ensure the long-term sustainability of the Bitcoin network.
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• Dec 16, 2021 · 3 years ago
  According to the Bitcoin protocol, the last Bitcoin is expected to be mined in the year 2140. After that, the mining process will continue, but miners will no longer receive block rewards. Instead, they will rely on transaction fees. This shift is intended to incentivize miners to continue securing the network and processing transactions. It's worth noting that even after all Bitcoins are mined, the network will still function and transactions will still be processed. The only difference is that the supply of new Bitcoins will come to an end.
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