18 Millionth Bitcoin To Be Mined Friday…
…and only 3 million left!
“As the number of coins left to be earned by securing Bitcoin’s blockchain continues to decrease, BTC’s halving also approaches. The event will see the amount of Bitcoin created with each new block cut in half.
BitcoinBlockHalf estimates that on 14 May 2020 — the date is tentative, given the irregularity of Bitcoin’s block time — the block reward will be cut from 12.5 to 6.25 coins. The website also points out that 85.7% of all coins have already been mined.
As the number of coins that still have to be mined decreases, the competition to get hold of them seemingly increases. As Cointelegraph reported in late September, Bitcoin’s network hash rate has passed a record 102 quintillion hashes for the first time in the coin’s history.”