Bitcoin reached a psychologically significant milestone on Monday, when 95 per cent of its total supply was officially mined. The momentous occasion came after Antpool successfully mined block 923,999, which included the 19.95millionth bitcoin in its block reward.
When the Bitcoin network launched in 2009, miners were rewarded with 50 bitcoins per block for successfully mining a block of transactions. Since then, this reward has been reduced by about 50% every four years, a mechanism aptly called "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 per block mined has been reduced to 3.125 bitcoins. The next "halving" is expected to happen in April 2028, when the block reward will be further reduced to 1.5625 bitcoins per block
Data: 95% of bitcoins have been mined and put into circulation
2025-11-18 00:36:28
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