Bitcoin reaches block 900,000: A new journey begins
Bitcoin has just reached the milestone of 900,000 – a mark that demonstrates the resilience and stability of the largest blockchain network in the world. This block was mined by #ViaBTC , consisting of 1,562 transactions with low fees and a transaction reward of 0.018 $BTC .
#Halving is coming soon
We currently have 150,000 blocks left until the next halving, expected to occur in March 2028, when the mining reward will decrease from 3.125 BTC to 1.5625 BTC. The halving process increases scarcity and impacts the entire mining economy.
More than 75% of Bitcoin has been mined
To date, more than 75% of the total supply of 21 million BTC has been in circulation. The block reward was once 50 BTC and will continue to decrease gradually until 2140.
Mining profitability unexpectedly increases
Despite the declining rewards, mining profitability in May has surged – thanks to BTC prices and network activity. Revenue and profits for publicly listed mining companies in the U.S. have reported growth.