How long does it take to mine 1 Bitcoin?
Mining a Bitcoin block takes about 10 minutes, but does that timeframe translate to mining 1 Bitcoin?
Bitcoin mining is the network’s method of transaction validation. This process is also how new Bitcoin are added to the existing supply.
There are currently around 19.5 million Bitcoin in circulation and the cryptocurrency is programmed to have a total supply of 21 million. The final 1.5 million or so are locked away, waiting for users with powerful computers to release them through Bitcoin mining.
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Author: Max Moeller
