Adam Hayes, Ph. D. , CFA, is a monetary with over 15 years of experience on Wall Street as a derivatives trader. In addition to his extensive experience in derivatives trading, Adam is an expert in economics and behavioral finance. Adam earned his master’s degree in economics from the New School for Social Research and his Ph. D. from the University of Wisconsin-Madison in sociology. He is a CFA graduate and holds FINRA Series 7, 55 and 63 licenses. He most recently researches and teaches economic sociology and social studies of finance at the Hebrew University of Jerusalem.
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.
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Investopedia / Zoe Hansen
After the 2024 halving, there will be another 29 halves until the final commendation of a satoshi is awarded if the halving rate is maintained at 4 years.
As of December 22, 2024, 19. 9 million bitcoins have been mined, leaving approximately 1. 1 million bitcoins to be released. Total bitcoin is capped at 21 million.
The time it takes to mine a bitcoin depends on the number of praises of the block or the number of new bitcoins paid to crypto miners to generate a new block. As of 2024, the value of the existing block is 3,125 bitcoins and a new block is generated approximately every 10 minutes. Therefore, approximately 0. 3125 bitcoins are mined per minute, the blockchain does not allocate coins per minute. When the price halves in 2028, approximately 0. 15625 bitcoins will be mined per minute.
Bitcoin miners will most likely continue to collect mining fees when they reach their limit. Mining is the procedure of verifying transactions and opening new blocks, which you will still want to do. So, since mining fees will be the only reward, they can accumulate to compensate miners for their expenses.
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