As of November 25, 2024, the relevant situation regarding Bitcoin mining # is as follows:
- Daily output: Before the Bitcoin halving in April 2024, each new block produced 6.25 Bitcoins, with a new block being generated approximately every ten minutes, resulting in about 144 blocks created per day, leading to a daily Bitcoin output of approximately 6.25×144=900 Bitcoins. After the halving in April, the output per new block decreased to 3.125 Bitcoins, and the current daily output is about 3.125×144=450 Bitcoins.
- Maximum mining quantity: It is difficult to accurately determine the maximum mining quantity for any single individual or organization. Large professional mining farms have numerous mining machines with strong computing power, thus having a relatively high probability of mining Bitcoins. For example, some publicly listed mining companies in the United States, such as Riot Platforms, had a high mining output in September, but the mining landscape is constantly changing due to increasing mining difficulty and the effects of halving.
- Hash rate situation: According to news on November 19, 2024, the average hash rate of the Bitcoin network over the past seven days was 738.3 EH/s.
- Remaining years of mining: The total supply of Bitcoin is set at 21 million coins, of which approximately 19.59 million have been mined, leaving about 1.41 million coins. The mining reward is halved every four years, and based on this pattern and the current rate, it is expected that all Bitcoins will be mined by around the year 2140.