When will Bitcoin be mined (When will Bitcoin be fully mined)?
According to blockchain browser data, when will Bitcoin be fully mined? The iss
According to blockchain browser data, when will Bitcoin be fully mined? The issue arose today at noon, at block height 630,000 (approximately 11 PM Beijing time). This problem occurred because previous difficulty adjustments resulted in many miners on the network being in a loss or not having enough time for repairs and upgrades.
If there is any uncertainty, combining these two answers can provide an analysis: What is the estimated difficulty adjustment for the next time? Currently, it is expected to be around 34,000 U. And the next difficulty adjustment will likely fall between 23,000 and 35,000. Will the same situation occur this time? Let’s take a look: Bitcoin mining is actually a complicated process, but it also carries certain risks. Therefore, after calculating the difficulty, we need to allocate resources to handle various matters.
When will Bitcoin be fully mined?
According to Bitcoin.com, the halving time for Bitcoin mining rewards is November 5, 2020. According to the official statement, within approximately one year after the halving, no new BTC will enter circulation, meaning that there will be a surge of new coins entering the market in the coming years, possibly driving the price to tens of thousands of dollars. So when will it be fully mined? This question can be referred to in the following figure: Bitcoin is now referred to as “digital gold.” This means that if the price of Bitcoin exceeds $1, no one will want to buy it anymore. Therefore, when we see Bitcoin reaching its historical highest level (expected in the last two weeks of 2021), people start speculating about when the entire Bitcoin will be mined.
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