In the Bitcoin system, a new block is generated about every ten minutes, with the "miners" competing against each other, who first calculates the hash value that meets the criteria, and who gets the corresponding Bitcoin reward. Initially, the number of bitcoins that can be generated per block is 50, and when the number of blocks reaches 210,000, the Bitcoin reward for each block is reduced to 25, and when the number of blocks exceeds 210,000 again, the Bitcoin reward for each block will be halved again, with the current issuance speed of 25 bitcoins per ten minutes. By 2140, the number of Bitcoins will stabilize at 21 million. By 2140, when bitcoins were fully produced, no new bitcoins could be mined.
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