//90% of all XMR before tail emission has now been mined.

90% of all XMR before tail emission has now been mined.

A milestone for mining in Monero has recently been reached: 90% of all XMR before the tail emission scheduled for 2022 has now been mined.For those unfamiliar with how Monero block rewards function, here is how it works. Unlike BTC where there are scheduled “halvings” every 4 years, Monero’s block reward decreases by a very small amount with each successive block that is mined. Currently, the block reward for Monero is roughly 3.44 XMR. This block reward will slowly decrease until it reaches 0.6 XMR, which will happen around 2022. At that point, Monero will reach “tail emission”. From that point on, the block reward will always be 0.6 XMR. This tail emission is designed to incentive miners to continue to mine by always providing a block reward alongside mining fees (which were significantly reduced thanks to the bulletproofs upgrade XMR got a few months ago). It also provides a very, very small amount of inflation to compensate for lost coins and help with liquidity.I know things have been pretty rough recently in terms of prices and whatnot, but I figured I would share this nice little milestone. PoW coins depend on mining, and just because the market has a whole has taken a nosedive doesn’t mean that mining stops.

A milestone for mining in Monero has recently been reached: 90% of all XMR before the tail emission scheduled for 2022 has now been mined.

For those unfamiliar with how Monero block rewards function, here is how it works. Unlike BTC where there are scheduled "halvings" every 4 years, Monero's block reward decreases by a very small amount with each successive block that is mined. Currently, the block reward for Monero is roughly 3.44 XMR. This block reward will slowly decrease until it reaches 0.6 XMR, which will happen around 2022. At that point, Monero will reach "tail emission". From that point on, the block reward will always be 0.6 XMR. This tail emission is designed to incentive miners to continue to mine by always providing a block reward alongside mining fees (which were significantly reduced thanks to the bulletproofs upgrade XMR got a few months ago). It also provides a very, very small amount of inflation to compensate for lost coins and help with liquidity.

I know things have been pretty rough recently in terms of prices and whatnot, but I figured I would share this nice little milestone. PoW coins depend on mining, and just because the market has a whole has taken a nosedive doesn't mean that mining stops.