-
Bitcoin
63,755.79
2.80% -
Ethereum
2,563.72
5.98% -
Tether USDt
1.00
-0.01% -
BNB
575.63
3.05% -
Solana
151.26
9.13% -
USDC
1.00
0.01% -
XRP
0.5891
0.99% -
Dogecoin
0.1069
2.79% -
Toncoin
5.80
0.09% -
TRON
0.1527
1.76% -
Cardano
0.3602
3.99% -
Avalanche
28.28
9.74% -
Shiba Inu
0.0...01446
3.93% -
Chainlink
11.67
5.34% -
Bitcoin Cash
343.51
0.12% -
Polkadot
4.39
3.98% -
Dai
1.00
0.00% -
UNUS SED LEO
5.74
-0.06% -
NEAR Protocol
4.50
0.40% -
Litecoin
66.41
2.20% -
Kaspa
0.1714
-0.19% -
Uniswap
6.93
1.23% -
Artificial Superintelligence Alliance
1.59
5.46% -
Internet Computer
8.48
2.48% -
Sui
1.44
5.82% -
Aptos
7.17
13.27% -
Pepe
0.0...08476
7.97% -
Monero
177.67
3.79% -
Bittensor
420.79
12.34% -
POL (ex-MATIC)
0.4084
3.46%
How many Bitcoins have been mined?
By January 2023, approximately 92% of all Bitcoins had been mined, with estimates suggesting that the remaining 1.7 million will be mined by 2140.
Aug 23, 2024 at 05:54 pm
How Many Bitcoins Have Been Mined?
As of January 2023, approximately 19.3 million Bitcoins have been mined out of a total supply of 21 million. The remaining 1.7 million Bitcoins are expected to be mined by 2140.
Bitcoin Mining Process
Bitcoin mining is the process of verifying and adding new transactions to the Bitcoin blockchain. Miners use specialized computer hardware to solve complex mathematical puzzles. The first miner to solve the puzzle receives a block reward in the form of newly minted Bitcoins.
Halving Schedule
The Bitcoin halving schedule reduces the block reward by half every 210,000 blocks (approximately every four years). This means that the number of Bitcoins mined per block decreases over time, slowing down the rate at which new Bitcoins are created.
Current Mining Rewards
As of January 2023, the block reward for mining a Bitcoin is 6.25 BTC. This is expected to halve again in 2024.
Difficulty Adjustment
The Bitcoin network automatically adjusts the mining difficulty based on the hashrate, which is a measure of the total computing power used to mine Bitcoin. This ensures that the average block mining time remains around 10 minutes.
Estimated Remaining Bitcoins
Given the halving schedule and the current mining rate, it is estimated that the remaining 1.7 million Bitcoins will be mined by 2140. However, the actual date may vary depending on changes in the network's hashrate and regulation.
Implications of Finite Supply
The Bitcoin supply cap of 21 million has significant implications for its value and long-term behavior:
- Deflationary Effect: As the supply of new Bitcoins decreases over time, Bitcoin becomes a more scarce asset, potentially leading to price appreciation.
- Store of Value: The finite supply makes Bitcoin a potential store of value, similar to gold or other precious metals.
- Limited Inflation: Unlike fiat currencies, which can be inflated by central banks, Bitcoin's supply is controlled and predictable.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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