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What happens after 2140?? Excerpt: As of Monday morning, 90% of the total bitcoin supply of 21 million has been mined, according to data from Blockchain.com.
by 1cvmask 5y ago
What happens after 2140??
Excerpt:
As of Monday morning, 90% of the total bitcoin supply of 21 million has been mined, according to data from Blockchain.com.
The remainder is not expected to be mined until February 2140. Until then, miners can continue to earn bitcoins.
Bitcoin operates on a proof-of-work model, which means that miners must compete to solve complex math problems to validate transactions. It’s not an easy process — reaching the 90% milestone took 12 years.
- tsujp 5y agoNewly minted Bitcoin (a new blocks coinbase reward) is just one way to earn Bitcoin. The other is a reward of the sum of the transaction fees included in said block.