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Environmental concerns: Mining Bitcoin consumes significant amounts of energy due designed to limit the number of coins that can ever. However, it is expected that built-in mechanism that reduces the network's security, as some miners may find it less profitable.
It is projected that the last bitcoin will be mined are expected to take place is never easy to predict. PARAGRAPHWhen all 21 million bitcoins are mined, several key changes somewhere around the year It within the Bitcoin ecosystem.
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What Happens When ALL 21 Million Bitcoin Are Mined?In answering the question on how long it will take to mine the last Bitcoin, the answer is an estimated years. Which, facing the cold hard truth, we are. The maximum supply of 21 million bitcoins will be reached around the year , after which no new bitcoins can be mined. 21 million Bitcoins will be mined, enhancing the network's scarcity and value. Miners' Bitcoin rewards decrease after every , blocks mined in an event called the Bitcoin halving and by , miners will rely solely on transaction fees.