Data: 95% of bitcoin has already been mined and is in circulation
Jinse Finance reported that on Monday, Bitcoin reached a psychologically significant milestone: 95% of its total supply has now been officially mined. This important moment was marked by Antpool successfully mining block number 923,999, with the Bitcoin block reward containing the 19.95 millionth Bitcoin. When the Bitcoin network launched in 2009, miners received a protocol-level reward (block reward) of 50 bitcoins per block mined. Since then, this reward has been halved approximately every four years, a mechanism aptly referred to as a "halving." In November 2012, the block reward was halved for the first time to 25 bitcoins per block; in July 2016, it was halved again to 12.5 bitcoins per block, and so on. Currently, the block reward for each mined block has dropped to 3.125 bitcoins. The next "halving" is expected to occur in April 2028, at which point the block reward will further decrease to 1.5625 bitcoins per block.
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