What Will Happen Once All Bitcoin Are Mined? - Investment - Nairaland
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| What Will Happen Once All Bitcoin Are Mined? by shakiez893(m): 1:27pm On Sep 17, 2020 |
Bitcoins are created as rewards granted to miners for solving blocks in the Bitcoin blockchain, thereby ensuring its security. When Bitcoin was created, it was written into its protocol that the supply of Bitcoin would be restricted to 21 million. Every 210,000 blocks that get mined, the rewards are halved. This means that the last Bitcoin won’t be mined until roughly 2140. Read more: https://aozforum.com/post/2057 |
| Re: What Will Happen Once All Bitcoin Are Mined? by meobizy(f): 1:31pm On Sep 17, 2020 |
So, it’s an impossibility until then. Long life was never a blessing anyway. |
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