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January 18, 2018, 02:12:10 PM |
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Currently, bitcoin mines have been dug out 4/5, We have dug up all 16.8 million bitcoins. Experts predict that by 2140, a 21-million-foot mine will be depleted.
The world's most popular codec, bitcoin, has just surpassed a milestone in its history. 80% of the total amount of excavated bitcoin has been "unearthed". Recently 16,800,000 coins have been mined - ie 80% of the total 21,000,000 was created.
Bitcoin is different from other coding currencies in that it is limited in number of exploits. No matter what, we will only have 21 million bitcoins. Later on, the bitcoin mining level is even harder, with fraud, bitcoin stealing increasing dramatically.
The first bitcoin block was created by its parent, Satoshi Nakamoto in 2009. At that time, each block corresponded to a 50-bitcoin (BTC) reward. For every four years or 210,000 blocks established, the bonus will be reduced by half, first 50 BTCs (2009) then 25 BTCs (2012), and now at 12.5 BTC. Currently, bitcoin mines have been mined 4/5, the total amount of bitcoin can be exploited to 20%.
Experts predict the 21 millionth copper will be dug in 2140, and they are not sure what will happen to the transaction costs at the time, as it is the main source of income for diggers, unlike today. - they can still "earn" thanks to the block excavation. Other codecs such as Ethereum, Monero, ... are not limited in quantity, meaning that diggers can exploit as much as they like as long as they are worth the money.
The difficulty in exploiting the last bitcoin is increasing, while the reward is reduced. The speed of new digging will slow down and it is difficult to predict how much the bitcoin will be worth. Not to mention the fact that many owners have thrown away their belongings when they lose their wallets (such as a guy threw his hard drive and are trying to find it again) or send it to a virtual wallet without anyone having his key. . The bitcoin's own shortage is one of the reasons why this codec has gone up sharply over the past few years. Bitcoin is also the highest value encoding, both in terms of capitalization and exchange rates.
Thus, bitcoin mines have been dug out 4/5. By the beginning of 2017, Bitcoin emerged as a force once its value rose to $ 1,000 a month, and peaked at $ 10,000 in November at about $ 7,900.
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