80% OF ALL BITCOINS HAS BEEN MINED!

There is a special date for this weekend, date mining 80% Bitcoin. The most popular online asset, thanks to SatoshI Nakamoto has limited supply, as well as a protocol that makes it increasingly difficult to retrieve it over time.

On January 13, the threshold of 16,800,000 bitcoins mined out was exceeded. Recall that Nakamoto set the maximum number of possible Bitcoins to be mined at 21 million - there is no possibility that there will ever be more.

Apart from limited supply, one should also remember about increasing the level of difficulty in mining Bitcoin, as well as decreasing the rewards for each excavated block. In about two years, depending on the pace of extraction, there will be another reduction of the prize. This means that miners, instead of receiving 12.5 BTC, will get 6.25 BTC for each mined block. This division principle will make mining more difficult even for the large Bitcoin mines. On the other hand, it will also be important that the BTC price will have to be high enough all the time so that mining the cryptocurrency is profitable.