Post
Topic
Board Bitcoin Discussion
Re: BITCOIN SUPPLY LIMIT
by
Aanuoluwatofunmi
on 04/04/2023, 14:13:14 UTC
As we all know BITCOIN mining will stop once the 21 million mark is reached. According to the information we have 19 millions coins were mined and now circulating. The remaining balance is about 2 millions to be mined. Why it is not possible to mine the remaining BITCOINS before 2140 when the 19 millions mined in just over 10 years?

What you will consider is the bitcoin mining hash rate global distribution we are having, are they adequately enough to evenly satisfy the demands on bitcoin supply, are there currently challenges facing this global hash rate on bitcoin mining, how many countries and geopolitical locations are we having bitcoin miners, are they much enough to satisfy the demand on the required rate, many things had to be considered here before drawing into conclusion.