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Author: Admin | 2025-04-28
19.27 million BTC in circulation. But when mining new blocks, new BTC are created approximately every ten minutes. These created BTC are then distributed to miners in exchange for the work they have done to secure the blockchain.Miners are none other than machines that solve complex calculations to validate transactions on the blockchain. Only blockchains using the Proof-of-Work mechanism allow mining. But is generating bitcoins profitable? Since it has a cost, it requires specific machines and a high consumption of electricity.That’s why miners are paid in BTC. Additionally, there are free bitcoin mining sites that allow users to generate bitcoin for free, without having to invest in expensive specialized equipment.When will the last bitcoin be mined?It is estimated that the last Bitcoin will be mined around 2140. At that time, it will reach the maximum number of 21 million digital coins, but the exact date remains uncertain. In fact, the Bitcoin code was programmed to issue only 21 million BTC and not one more.Contrary to what one might think, mining the last Bitcoin will not put an end to the network’s operation for miners. They will probably continue to receive compensation through the fees of transactions validated on the network.When is the next mining reward division (Halving)?It is estimated that the next division of the mining reward will probably occur between March and June 2024. The reward received by miners will then decrease from 6.25 bitcoins to 3.125 bitcoins.Here is the summary of the number of BTC generated for each block, which corresponds to the halving:2009: 50 BTC, or 10.5 million bitcoins from 2009 to 2012;2012: 25 BTC, or 5.25 million bitcoins from 2012 to 2016;2016: 12.5 BTC, or 2.625 million bitcoins from 2016 to 2020;2020: 6.25 BTC;2024: 3.125 BTC.What are the consequences of a halving?The halving has consequences on the quantity and quality of Bitcoin.Reduction of new BTCThe first consequence of the halving is quantitative. There will be half as many new BTC entering the market every ten minutes. In theory, this reduction triggers a ripple effect that can unfold as follows:Halving the BTC reward when mining a new
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