So, the network just hit 20 million bitcoins mined. That’s like 95% of all BTC out there now. Crazy, right? Let's break it down for the newcomers here. It took us 17 years to mine those 20 million coins, but the last 1 million could take over 100 years. How does that even work?
Celebrating 20 Million BTC Mined: Let's Discuss!
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viper_2018Member
Posts: 51 · Reputation: 137
#2Feb 29, 2020, 06:28 AM
Just picture this... You got a huge jar you wanna fill with water. But there’s a rule: every time you pour, you can only fill half the remaining space. Like, the first pour fills half the jar, then the next one fills half of what’s left, and so on. That's kinda how Bitcoin mining works!
Dude, I don't get it. Why so long for the last million? Isn’t it just mining?
viper_2018Member
Posts: 51 · Reputation: 137
#4Feb 29, 2020, 01:18 PM
You really should check the other threads. This is about explaining the halving in a fun way, not just dropping numbers. It’s all about engaging newcomers without getting too technical.
You must have missed the point. I said fun and simple explanations were needed. If you don’t like it, just skip or let the mods decide. No need to dig for links. Let's keep it chill.