Bitcoin Average Mining Costs
Bitcoins are constantly being mined and will continue until 21 million Bitcoins are mined. This fixed number of Bitcoins cannot be mined so easily. There is a reason for this. It is estimated that it will take another 100-150 years before the last Bitcoin is mined. Currently, there are about 19 million bitcoins in the market but it will take 100-150 years to mine the remaining 2 million bitcoins.
One main reason for this is halving. The mining rate is halved through halving. Due to this, compared to what used to be mined in a day, mining is now half, and in the near future, this rate will be further halved.
Bitcoin mining is no longer free. Mining it requires a lot of electricity, maintenance cost, device cost, etc. This makes mining a bitcoin very expensive. As a result, it costs much more money than the current price.
Currently, it costs an average of 35 thousand to 40 thousand dollars to mine a bitcoin. But, it costs much more than the current price of Bitcoin. Despite this, Bitcoin mining has not stopped. Bitcoin is constantly being mined. And the miners are constantly mining at a loss. As a result, one thing can be clearly understood that miners are mining at a loss to take the price of Bitcoin to the next level in the future.
So I will say to all the users of Train Fan Club, work patiently, inshallah something good is waiting for you in the future. And it's going to happen very soon.
VOTE @bangla.witness as witness
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https://twitter.com/sagor1233_tfc/status/1692222771429052570
Bro you posted a very important post today. However, it was not known that it would take another 100 to 150 years to mine Bitcoin. Nice to know through your post.
This is an interesting post on bitcoin average mining cost.
Thanks for sharing this important post with us 😊👍