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increased along with the total numbers of miners in the network. We can see how the difficulty of Bitcoin mining increased exponentially after 2017 AD. Figure 33: Transaction fee per day Figure 33 shows the total amount of transaction fee spent for the confirmed Bitcoin blocks per day for the past three months. More blocks mined per day results in more transaction fee and vice versa. Over the period of time transactions fee is increasing, which signifies the increase in the rate of Bitcoin mining over time. According to [37] the total numbers of Bitcoin in circulation as of now is around 17,606,075 BTC and total left to be mined are around 3,393,950 BTC. This is because there is a limited number of BTC which is around 21 Million BTC. The data shows that on average, 144 blocks per day are mined, and there are 12.5 bitcoins per block. ie. 144 x 12.5 = 1,800 therefore, a total of 1800 BTC are mined per day. 50PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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