Lens1000
VIP Contributor
Bitcoin supply is dwindling, with only 10% remaining to mine.
We're down to mining the remaining 10% of the total quantity of BTC, which has been depleted by 90%.
This rate declines by half every four years, making it harder for miners to mine BTC. For the time being, the most recent halving took place in May 2021, when the reward for mining each BTC block was cut to 6.25 Bitcoin.
This accounted for the difficulty in bitcoin mining. The rate of the block formation during the mining process as reduced tremendously. So, the whole world is left with just 10% of the btc to produce.
We're down to mining the remaining 10% of the total quantity of BTC, which has been depleted by 90%.
This rate declines by half every four years, making it harder for miners to mine BTC. For the time being, the most recent halving took place in May 2021, when the reward for mining each BTC block was cut to 6.25 Bitcoin.
This accounted for the difficulty in bitcoin mining. The rate of the block formation during the mining process as reduced tremendously. So, the whole world is left with just 10% of the btc to produce.
