Bitcoin, Ethereum and STEEM Limit Which You Can "Mine"

Since it was first created, bitcoin coins have been limited to 21 million pieces. Meanwhile, the number of bitcoins that have been "mined" already exists 16.8 million Bitcoin.

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This amount has reached 80% of the total Bitcoin that can be mined. That means currently there are only 20% or as much as 4.2 million Bitcoin that can still be "mined" through the mining process.

Mining is a collective process that utilizes the services of minerals Bitcoin computers around the world, to process transactions on the Bitcoin (Blockchain) network.

This mining process requires a large computer power. As a reward, the Bitcoin system provides a number of new Bitcoin pieces for each new recording block added to the blockchain.

The possibility that will happen is, in 2020, the number of new Bitcoin produced will only be as much as 6.25 pieces per block.

Bitcoin miners, however, do not have to worry about the number of new chips being reduced, as the maximum 21 Million Bitcoin is expected to be "mined" by the year 2140.

Different from Bitcoin, Ethereum, one of the other popular cryptocurrencies, does not impose limitations on virtual money that can be generated.

I feel STEEM also so, until now that I know about STEEM is there is no limitation of this chip with virtual currency. STEEM will always "yawn" as long as Steemian posts.