Is China making a comeback in bitcoin mining?

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Which country is the second-largest bitcoin miner in the world?

(File photo) While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year.

When will the final bitcoin be mined?

In actuality, the final bitcoin is unlikely to be mined until around the year 2140. However, it's possible that the Bitcoin network protocol will be changed between now and then. The Bitcoin mining process provides Bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens.

What happens when all Bitcoin is mined?

Once all Bitcoin has been mined the miners will still be incentivized to process transactions with fees. In fact, there are only 21 million bitcoins that can be mined in total. 1 Once miners have unlocked this number of bitcoins, the supply will be exhausted.