Cryptocurrencies have flooded the world, but one is still the most dominant and recognizable - bitcoin. They were the first to find a winning formula and that is why they recorded so much success, despite the occasional drop in value. So it is good to always remind that at some point he too will reach his limit.
Namely, the maximum number of bitcoin "coins" is exactly 20999999.9769. Or, three bitcents less than 21 million. There are currently just over 18.5 million bitcoins across virtual cryptocurrencies, meaning there are about 2.5 million left to “mine”.
Already this is, given the demand, a small number, and when added to that the fact that more than three million bitcoins are lost forever, the situation is even more problematic. That is why the rewards to miners are decreasing at an accelerated pace. Namely, in order to increase the number of bitcoins, it is necessary to mine them, and "mining" in itself means solving complex mathematical problems in exchange for a bit of bitcoin. But in order to be able to mine, you have to offer the maximum of your computer, or two, three ...
If all this is not a problem and you are successfully mining, for one "block" you will get 6.25 bitcoins. And in four years the reward will drop to 3,125 bitcoins. It would take you about 98 years to get to that “block” with a single computer, even the best on the market. Because, each block that is successfully “mined” makes the next one harder to access, which means it requires more computing power than the previous one. And so the chain reaction goes on ...
But since bitcoin is worth about ten thousand US dollars lately, those with money and time have no problem mining with the help of ten or more computers. Some use hundreds of them. So, regardless of the reduced rewards, within three years bitcoin should reach a maximum so if there is no revolutionary change within the system, the world will have to deal with what exists. And that means an enormous increase in value and wealth for everyone who owns these famous digital coins ...
Nice move, this means that those that have money have the highest chance of mining