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  • article h2:first-childarticle > div > p:first-childBitcoin mining is the process where miners contribute the processing power of their hardware rigs to solve cryptographic puzzles from each transaction on the Bitcoin blockchain. Miners receive BTC for solving cryptographic puzzles, bitcoin mining cap: and transactions are recorded in blocks that get added to the blockchain. On December 13, cryptocurrency https://future-wiki.win/index.php?title=Ecomi_crypto_price, Bitcoin reached 90 per cent of its maximum supply. A research by blockchain.com revealed that of the total supply of 21 million Bitcoins, 18.89 million have already been mined and are circulating in the market. The milestone comes almost 12 years after the first block, which consisted of 50 Bitcoins, was mined on January 9, 2009. Today, more than 19 million Bitcoin have been mined to date, which only leaves under a few million remaining to be mined. Bitcoin miners earn revenue through two ways, newly minted Bitcoin from “block rewards” and from transaction fees of the users who transact on the network. The supply schedule for Bitcoin block rewards are defined based on the original code from Satoshi and are setup to decrease the reward that miners earn approximately every 4 years.bitcoin conversion to usd
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