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<blockquote data-quote="Over70irregs" data-source="post: 5362581" data-attributes="member: 59424"><p><h2>NO Pre-mine| POW</h2><h2>What Is Bitcoin Halving?</h2><p>Understanding that miners receive bitcoin for each transaction they verify makes it easier to understand the process of Bitcoin halving. When Bitcoin is halved, miners receive half as much bitcoin as they would have received previously for each verified transaction. For instance, when the first bitcoin were mined back in 2009, miners were awarded 50 BTC per block.</p><p></p><p>Halving occurs roughly every four years on a pre-set schedule. Experts predict that this will continue until roughly 2140, when the entire supply of 21 million coins has been mined.</p><p></p><p>Currently, according to Decrypt, 90% of Bitcoin’s total supply has been mined since inventor Satoshi Nakamoto mined the first million coins in 2009. Less than 2 million new bitcoin will be created between now and 2140.</p></blockquote><p></p>
[QUOTE="Over70irregs, post: 5362581, member: 59424"] [HEADING=1]NO Pre-mine| POW[/HEADING] [HEADING=1]What Is Bitcoin Halving?[/HEADING] Understanding that miners receive bitcoin for each transaction they verify makes it easier to understand the process of Bitcoin halving. When Bitcoin is halved, miners receive half as much bitcoin as they would have received previously for each verified transaction. For instance, when the first bitcoin were mined back in 2009, miners were awarded 50 BTC per block. Halving occurs roughly every four years on a pre-set schedule. Experts predict that this will continue until roughly 2140, when the entire supply of 21 million coins has been mined. Currently, according to Decrypt, 90% of Bitcoin’s total supply has been mined since inventor Satoshi Nakamoto mined the first million coins in 2009. Less than 2 million new bitcoin will be created between now and 2140. [/QUOTE]
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