⚠️ I don't know know who needs to hear this, but Bitcoin mining is NOT a "race".
With Bitcoin recently crossing the "20M mined" milestone, I've seen a lot of posts across different platforms claiming that now the "race" for the remaining 1M BTC has started.
This completely misses how Bitcoin mining works and reveals a fundamental lack of understanding of Bitcoin's predetermined issuance model.
Referring to it as a race implies that participants in that race can accumulate more BTC in a shorter period of time by "running faster", i.e. that Bitcoin's issuance schedule can be sped up by putting in more effort. But that's just not how it works.
🟢 Yes, miners can spend more energy to increase their share in (and hence revenue from) all global mining efforts.
🔴 No, due to Bitcoin's difficulty adjustment mechanics the last BTC will still be mined around the year 2140, no matter how much energy is being spent along the way.
Bitcoin mining is not a race, it's a slow grind. That's why we call it proof of work.
Thank you for coming to my TED talk 🤓
jh0rak
npub1j0…y0wl5
2026-03-11 14:34:37 UTC
Author Public Key
npub1j0yqrflenmct2czdcn5jw9rsd8a7hzwpgh29np72trt5a8zw9rhqxy0wl5Seen on
wss://nos.lolPublished at
2026-03-11 14:34:37 UTCEvent JSON
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"content": "⚠️ I don't know know who needs to hear this, but Bitcoin mining is NOT a \"race\".\n\nWith Bitcoin recently crossing the \"20M mined\" milestone, I've seen a lot of posts across different platforms claiming that now the \"race\" for the remaining 1M BTC has started.\n\nThis completely misses how Bitcoin mining works and reveals a fundamental lack of understanding of Bitcoin's predetermined issuance model.\n\nReferring to it as a race implies that participants in that race can accumulate more BTC in a shorter period of time by \"running faster\", i.e. that Bitcoin's issuance schedule can be sped up by putting in more effort. But that's just not how it works.\n\n🟢 Yes, miners can spend more energy to increase their share in (and hence revenue from) all global mining efforts.\n\n🔴 No, due to Bitcoin's difficulty adjustment mechanics the last BTC will still be mined around the year 2140, no matter how much energy is being spent along the way.\n\nBitcoin mining is not a race, it's a slow grind. That's why we call it proof of work.\n\nThank you for coming to my TED talk 🤓 \n\n",
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