Bitcoin supply limit

But there is an increasingly concerning issue associated with Bitcoin mining which is discouraging individuals from getting started with Bitcoin mining. As more and more coins are put into circulation, and more blocks are validated, the mining process gets that much harder. This is because, as the supply of Bitcoin edges closer to its limit, the chances of mining successfully decrease, as coins are scarcer. Reaching Bitcoin's Supply Limit Bitcoin halvings occur approximately every four years, or every 210,000 blocks. The halving continues until the block reward becomes less than one Satoshi, the smallest unit of Bitcoin (0.00000001 BTC). The last bitcoin is expected to be mined around the year 2140, after which no new bitcoins will be created. This means that 30 more halvings could be expected if the algorithm remains unchanged.

In 2014, Adam Back, another cypherpunk and the inventor of Hashcash – a cryptographic hashing algorithm created in 1997 which used the same proof-of-work mechanism that Bitcoin would later adopt – co-founded Blockstream. Blockstream is a for-profit tech company that develops new infrastructure on the Bitcoin network, including Lightning Network and sidechains. How Many Bitcoins Are Left? All You Need to Know This article aims to explain the concept of Bitcoin halving, its significance in the Bitcoin network, and its potential impact on the price of Bitcoin.