Quote from: teosanru on October 29, 2019, 12:15:44 PM

Quote from: Baofeng on August 01, 2019, 01:48:00 PM

Anyone noticed that we have breached 17,800,000 BTC already? Which means that 85% of all BTC have been mined. And in the next 10+ years we can all assumed that 'almost' all bitcoin is mined already. Have you accumulated at least 1 BTC in your wallet?

Current bitcoin mined: 17,851,062 BTC

You are absolutely wrong. The halving is due next year when the.block Reward would be halved automatically. Once this is done miners would get lesser btc after each block. After this there are many more halvings which would create a shortage in creation of Bitcoin and all the Bitcoin together will not be mined until 2134 it's because hash rates would make it much more difficult for miners to mine Bitcoin.

I wonder if mining will pay off when the Bitcoin block reward is halved? It seems to me that the electricity and the price of equipment will exceed the payback