Bitcoin Mining

PERCENTAGE OF TOTAL BITCOINS MINED 93.48% CURRENT MINING REWARD PER BLOCK 6.25 BTC BLOCKS MINED BETWEEN EACH HALVING: 210,000 TOTAL BITCOINS IN CIRCULATION: 19.63M TOTAL BITCOINS TO EVER BE PRODUCED: 21,000,000 THE TARGET BLOCK TIME IS 10 MINUTES RECORDED DATE: FEB, 2024 BITCOIN MINING USES A MASSIVE AMOUNT OF COMPUTING POWER TO SECURE THE NETWORK & MAINTAIN THE INTEGRITY OF THE LEDGER OF BITCOIN TRANSACTIONS. IT IS A PROOF-OF-WORK PROCESS WHEREBY SPECIALIZED COMPUTERS MAKE TRILLIONS OF GUESSES TO FIND A TARGET NUMBER. IN DOING SO, THEY VALIDATE A BLOCK OF TRANSACTIONS THAT GETS ADDED TO THE BLOCKCHAIN. THEY ARE REWARDED WITH NEWLY CREATED BITCOIN. IN ADDITION, THE MINERS COLLECT THE TRANSACTION FEES, ENSURING THEY�LL CONTINUE TO MINE AFTER ALL 21 MILLION BITCOINS ARE ISSUED.