Bitcoin Mining Overview
Key Network Statistics
- Total Supply: 21,000,000 BTC
- Remaining to Be Mined: 1,112,682 BTC
- Circulating Supply: 19,887,318 BTC (94.7%流通率)
- 24H Trading Volume: $48.76B (¥349.35B)
- Market Cap: $2.17T (¥15.53T)
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What Is Bitcoin?
Bitcoin (BTC), introduced by Satoshi Nakamoto in 2009, is a decentralized digital currency operating on a peer-to-peer (P2P) network. Unlike traditional currencies:
✔ Decentralized Issuance: No central authority controls Bitcoin; it’s generated through computational Proof-of-Work (PoW) mining.
✔ Fixed Supply: Capped at 21 million coins, ensuring scarcity.
✔ Security: Cryptographic protocols protect transactions and ownership anonymity.
"Bitcoin’s design prevents inflation by algorithmically limiting its production."
Mining Essentials
Key Parameters
- Block Time: 600 seconds
- Current Block Reward: 3.125 BTC
- Daily Output: ~450 BTC/day
- Mining Difficulty: Adjusts every 2,016 blocks (~2 weeks).
Profitability Snapshot
- Earnings per TH/s: 0.00000054 BTC/day (~$0.06).
- Next Difficulty Adjustment: Estimated -4.05%.
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FAQ
1. How does PoW mining work?
Miners solve complex mathematical puzzles to validate transactions and secure the network, earning BTC as rewards.
2. Why is Bitcoin’s supply limited?
To mimic precious metals like gold, ensuring long-term value preservation against inflation.
3. What affects mining profitability?
- Electricity costs
- Mining hardware efficiency
- Bitcoin’s market price
- Network difficulty
4. Can I mine Bitcoin at home?
While possible, large-scale mining farms dominate due to high computational demands and energy costs.
5. How often do block rewards halve?
Approximately every 4 years (next halving: 2024), reducing rewards by 50%.
Final Notes
Bitcoin remains the flagship PoW cryptocurrency, with mining evolving into a professionalized industry. Stay updated with F2Pool’s rankings for competitive insights.
Disclaimer: Mining involves risks; calculate costs before investing.