Cryptocurrency Q&A
How many years can Bitcoin be dug?
How many years can Bitcoin be dug?
DigitalDynastyGuard
Mon Dec 23 2024
|
5
answers
1321
I'm wondering about the lifespan of Bitcoin mining. Specifically, I want to know how many years Bitcoin can continue to be mined before it's no longer possible.
5 answers
Rosalia
Wed Dec 25 2024
This downturn also affected the mining rewards, which had dwindled from an initial 50 Bitcoin per block to just 3.125 Bitcoin.
Was this helpful?
299
61
WhisperWind
Wed Dec 25 2024
For those engaged in Bitcoin mining, this trend was undoubtedly discouraging. The reduction in rewards meant that their efforts were becoming less lucrative.
Was this helpful?
163
83
Daniela
Wed Dec 25 2024
Despite this, it is worth noting that Bitcoin mining will continue until around the year 2140. Miners will still receive some form of reward, even though it may not be as substantial as it once was.
Was this helpful?
303
42
GeishaCharming
Wed Dec 25 2024
By 2024, Bitcoin had experienced a significant decline, halving in value compared to its previous levels.
Was this helpful?
300
33
MountFujiMysticalView
Wed Dec 25 2024
One of the ongoing expenses for Bitcoin miners is the cost of electricity. Mining requires a significant amount of power, which can be quite costly.
Was this helpful?
256
25
