Are there any limitations on the amount of bitcoin that can be mined?

3 answers

• Dec 17, 2021 · 3 years ago
  Yes, there are limitations on the amount of bitcoin that can be mined. The total supply of bitcoin is capped at 21 million coins. This means that once 21 million bitcoins have been mined, no more bitcoins can be created. Currently, there are around 18.5 million bitcoins in circulation, and the remaining bitcoins will be gradually mined over time through a process called halving.
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• Dec 17, 2021 · 3 years ago
  Absolutely! Bitcoin has a fixed supply limit of 21 million coins. This limit was built into the Bitcoin protocol from the beginning to ensure scarcity and prevent inflation. As of now, more than 18.5 million bitcoins have been mined, leaving less than 2.5 million bitcoins to be mined in the future. The rate at which new bitcoins are created is reduced by half approximately every four years in an event called halving.
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• Dec 17, 2021 · 3 years ago
  Yes, there are limitations on the amount of bitcoin that can be mined. Bitcoin's supply is limited to 21 million coins, and this limit is hardcoded into the Bitcoin protocol. Currently, around 18.5 million bitcoins have been mined, and the remaining bitcoins will be gradually released through the mining process. It's important to note that the rate at which new bitcoins are created decreases over time, making it more difficult and resource-intensive to mine new coins.
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