BREAKING: ⛏ #BTC

94% of the total Bitcoin supply has already been mined, leaving less than 1,258,128 BTC remaining to be mined.

Now you're probably wondering how does mining works?

To mine Bitcoin, powerful computers solve complex mathematical problems to validate and secure transactions on the network. Miners compete to solve these puzzles, and the first one to solve it gets to add a new block of transactions to the blockchain and is rewarded with newly minted Bitcoins.

The process involves verifying transactions, bundling them into blocks, and adding them to the blockchain. This process requires a significant amount of computational power and energy. Miners use specialized hardware to perform these calculations efficiently.

Bitcoin mining is based on a proof-of-work consensus mechanism, where miners prove they have done the work by finding a solution to a cryptographic puzzle. This ensures the security and integrity of the network.

As for the remaining Bitcoins to be mined, the total supply of Bitcoin is capped at 21 million coins.

This scarcity is one of the reasons Bitcoin is often referred to as "digital gold." The reward for mining new blocks halves approximately every four years in an event known as the "halving," reducing the rate at which new Bitcoins are created.

If you have more questions or need further clarification, feel free to ask! 🚀 #btc #MiningNews #CryptoMarketMoves #CryptoNewsCommunity #learnwithcrown