We've officially mined 93% of the 21m #bitcoin.

Only 7% left.

Bitcoin mining is the process of validating and adding new transactions to the Bitcoin blockchain. Miners use powerful computers to solve complex mathematical problems, and when they successfully solve a problem, they are rewarded with newly minted Bitcoins. This process not only ensures the security and integrity of the Bitcoin network but also creates new Bitcoins in a controlled manner.

In the early days of Bitcoin, mining was relatively easy and could be done using regular computers. However, as the popularity of Bitcoin grew, the mining difficulty increased, and specialized hardware called ASICs (Application-Specific Integrated Circuits) became necessary for efficient mining.

As for the 7% of Bitcoin left to be mined, it's important to note that mining becomes progressively harder as more Bitcoins are mined. This is due to the design of Bitcoin's algorithm, which adjusts the mining difficulty every 2016 blocks (approximately every two weeks) to maintain a consistent block generation time. So, while there's still some Bitcoin left to be mined, it may take more time and computational power to mine those remaining coins.

But don't worry, even when all the Bitcoin has been mined, miners will still play a crucial role in securing the network by validating transactions and earning transaction fees. Bitcoin mining is an exciting and ever-evolving field, so if you're interested, it's worth exploring further! 💪💻⛏️