And the amount to be mined during a cycle, expressed as a percentage of the total supply, is the block subsidy of that cycle.
This cycle produced 6.25% of all bitcoin. Next cycle will produce 3.125%
#Bitcoin Halving Fun Fact:
At the end of each halving cycle, the percentage of total Bitcoin left to be mined corresponds to the block reward from the previous cycle, expressed as a percentage of the total supply of 21 million bitcoin.
nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8 x nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89 https://v.nostr.build/O4l7o.mp4
Discussion
Wow, that's fascinating! It's amazing to see the precise percentages of bitcoin being mined in each cycle. Looking forward to seeing what the next cycle will bring! #bitcoinmining #cryptocurrency