The 18 millionth Bitcoin (BTC) is expected to be mined this Friday, Anthony Pompliano, an American investor and co-founder of Morgan Creek Digital Assets investment firm, tweeted in October. fifteen.
Only three million BTC left
Pompliano also noted that only three million BTC are now left to be mined. On Twitter, they asked to raise awareness about the most famous cryptocurrency in the world:
“This Friday the 18 millionth Bitcoin will be mined. There are only #3MillionLeft. Let’s make this hashtag trend so the world can learn about Bitcoin.”
This initiative is not surprising at Pompliano, given that he said on CNBC's Squawk box that more than half of its net worth is in Bitcoin in August. He hints that so far 17,997,150 BTC have been mined - according to the Bitcoin website - the BitcoinBlockHalf data - and the upper limit for how many BTCs will ever be hard-coded in the system is 21 million.
Bitcoin blocking reward will decrease
As the number of coins that need to be earned while protecting the Bitcoin blockchain continues to decrease, BTC is also approaching half. The event will show the number of bitcoins created with each new block cut in half.
BitcoinBlockHalf estimates that May 14, 2020 - the date is tentative, given the uneven timing of Bitcoin blocking - the block reward will be reduced from 12.5 to 6.25 coins. The site also notes that 85.7% of all coins have already been mined.
As the number of coins that still need to be mined decreases, the competition to get them seems to increase. As the Cointelegraph reported at the end of September, for the first time in the history of the coin, the Bitcoin network hash rate passed a record 102 quintillion hashes.