Bitcoin does not have and countries can not print it anymore.

It is gained with a digital process that is similar to gold mining.

That's why it is called “Mining”.

What is Bitcoin Mining?

Simply speaking, imagine that the Bitcoin system proposes a very Hard mystery or an extreme mathematical question every 10 minutes.

These mysteries will be solved by enormous computers which have a mind-boggling power that can try millions of odds to answer this mystery in a second.

These computers are owned by people who are called Miners.

These computers race to solve this mystery.

The first one which solves it wins a big prize of bitcoins, actually Satoshies, that have not existed before, but do not forget this currency is not a net amount to have because these computers consume a huge amount of electricity and they will cost the miner a lot.

So rewarded coins have not existed before and are completely new.

Note:

Producing a single Bitcoin using average individual hardware requires a cumulative electricity consumption of approximately 266,000 kilowatt-hours (kWh) over extended periods. In large, highly efficient mining farms, however, this figure drops to around 155,000 kWh.

And this amount costs differ from country to another!

The Golden Role: Bitcoin Halving:

To prevent the system from printing unlimited currency that would lose its value (like fiat money), Bitcoin’s creator established a strict, hard-coded rule that cannot be altered: every time 210,000 blocks are mined—roughly every four years—the miners' reward is cut exactly in half.

In 2009 the reward was 50 Bitcoin for each block.

In 2012 the reward was 25 Bitcoin for each block.

In 2016 the reward was 12.5 Bitcoin for each block . 

.

.

.

Etc

And it is estimated that the reward in 2028 will be 1.5625 Bitcoin for each block.

Why is the creator genius?

Because this will save Bitcoin price all over the years. And bitcoin will be very rare in the future, that's what is called the “Digital Scarcity”.

The max limit (21 million Bitcoins) :

Due to this "halving" rule, a day will come (around the year 2140) when the final fraction of Bitcoin is mined; generation will then cease completely, capping the total global supply at exactly 21 million bitcoins—a figure that will not increase by even a single satoshi.

This is our paragraph today……😊

Hope you enjoyed it….🥰

Let me know in the comments section if you are interested in Bitcoin and if this explanation is suitable for you…..😁

Have a nice day 😉

Goodbye….👋👋👋👋