I'm wondering about the future of Bitcoin mining. Specifically, I want to know when all the Bitcoins will be fully mined, considering there's a finite amount of them.
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. These include spot trading, futures trading, and a wallet service for storing digital assets.
Was this helpful?
192
60
StefanoSat Dec 28 2024
The total number of Bitcoin is permanently capped at 21 million. This figure represents the ultimate limit of Bitcoin that will ever exist.
Was this helpful?
350
78
CryptoNerdSat Dec 28 2024
Once all 21 million Bitcoin have been mined, no new Bitcoin will enter circulation. This event is projected to occur around the year 2141.
Was this helpful?
215
48
StefanoSat Dec 28 2024
The Bitcoin blockchain operates on the principle of controlled supply. This ensures that the rate of new Bitcoin entering the market is strictly regulated.
Was this helpful?
243
54
JejuJoySat Dec 28 2024
Each year, the number of new Bitcoin that can be mined is gradually reduced. This process continues until the total supply of 21 million Bitcoin is reached.