A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far.
Bitcoin’s supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining subsidy was 50 BTC per block, which halves every 210,000 blocks or roughly every 4 years.
This event called the Bitcoin halving, ensures a predictable, diminishing inflation rate as the supply grows. There have been three halvings, cutting the subsidy from 50 to 25 to 12.5 to the current 6.25 BTC.
