September 27, 2022

Anniversary 19 millionth coin mined in Bitcoin network

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On Friday, April 1, miners mined the anniversary 19 millionth bitcoin. This event took place on block 730 002.

At the time of writing, 90.48% of the total supply of digital gold has been mined, which is capped at 21 million BTC.

According to the algorithm laid down by Satoshi Nakamoto, the reward is reduced by 50% every 210,000 blocks. The next halving is expected in 2024.

The 18 millionth coin was mined on October 19, 2019.

Recall that VanEck analysts allowed the price of bitcoin to rise to $4.8 million, provided that it acquires the status of a world reserve currency.

Earlier in the crypto community, Ripple co-founder Chris Larsen was criticized for his proposal to transfer bitcoin from the Proof-of-Work algorithm to Proof-of-Stake.

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