When is the projected date for the exhaustion of bitcoin mining?

3 answers

• Dec 16, 2021 · 3 years ago
  As an expert in the field, I can tell you that the projected date for the exhaustion of bitcoin mining is estimated to be around the year 2140. This is based on the current rate of block rewards halving every four years and the total supply of bitcoin being capped at 21 million. However, it's important to note that this is just a projection and various factors could potentially impact this timeline.
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• Dec 16, 2021 · 3 years ago
  Well, let me break it down for you. Bitcoin mining is expected to reach its limit around the year 2140. This is because the bitcoin protocol has a built-in mechanism that reduces the block rewards by half every four years. Eventually, the rewards will become so small that it won't be economically viable for miners to continue mining. So, by 2140, we should see the exhaustion of bitcoin mining.
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• Dec 16, 2021 · 3 years ago
  According to industry experts, the projected date for the exhaustion of bitcoin mining is approximately in the year 2140. This is due to the fact that the bitcoin algorithm is designed to halve the block rewards every four years. As the rewards decrease, it becomes less profitable for miners to continue mining. By 2140, the block rewards will be so small that it's unlikely anyone will be mining bitcoin anymore.
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