At the same time, miners are adapting to higher mining difficulty amid rising prices. Bitcoin experienced its first halving 12 years ago on November 28, 2012.
Since then, Bitcoin's block reward has undergone three halvings and is currently at 3.125 BTC, and the number of newly mined blocks is increasing.
Following its fourth halving in April this year, the price of Bitcoin approached an all-time high of around $99,600 on November 22.
The coin price has increased by about 45% since the fourth halving. As of November 27, the total amount of Bitcoin in circulation is 19.8 million BTC, less than the limited supply of 21 million BTC.
There are only about 1.2 million BTC remaining until TC. Bitcoin's 21 million BTC supply limit is a fundamental principle of the Bitcoin network, which is designed to provide scarcity of assets.
The 1.2 million BTC remaining is small compared to the amount already mined, but as block rewards decrease and mining difficulty increases, the remaining Bitcoin
It takes more time and effort to mine Yin.
2024/11/29 12:39 KST
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