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Eventually, the reward will round down to zero, and the limit of 21 million bitcoins will be reached c. 2140; the record keeping will then be rewarded by transaction fees only. Computing power is often bundled together by a Mining pool to reduce variance in miner income. Individual mining rigs often have to wait for long periods to confirm a block of transactions and receive payment. In a pool, all participating miners get paid every time a participating server solves a block. This payment depends on the amount of work an individual miner contributed to help find that block. Firstly, traders may speculate on the possible scarcity of Bitcoin making way to high volatility. Secondly, as miners’ rewards will be reduced, we may see some miners exiting the market as they could not sustain the lower profitability.<\/p>\n
\n#Bitcoin<\/a>: Price got rejected near $59500 the next local support is $54000 area if broken we are going more likely towards the major support which is $52200 (the upwards sloping trendline) pic.twitter.com\/qfnEWzPjfi<\/a><\/p>\n
— Dr.Profit \ud83c\udfdd\ud83d\udcc8 (@DrProfitCrypto) November 26, 2021<\/a><\/p><\/blockquote>\n