More than 92% of the total amount of Bitcoin (BTC) has been mined as of today. But ChatGPT is predicting what will happen when the halving cycles end and supply is eventually exhausted. One of the ways to incentivize Bitcoin miners is in the form of block rewards. After successfully mining a block, miners are rewarded 6.25 BTC currently. But with every halving cycle, the block reward decreases by 50%. For example, after the halving in 2024, miners will get roughly 3.125 BTC for successfully mining a block. The End of Bitcoin Halving Cycles According to ChatGPT, the end of Bitcoin miningGo to Source
Author: coinmaker