How many Bitcoins have been mined?

As of March 2023, approximately 19.3 million Bitcoins have been mined, representing around 92% of the total supply of 21 million that will ever exist.

Sep 27, 2024 at 05:06 pm

How Many Bitcoins Have Been Mined?

Total Number of Bitcoins:
The total number of Bitcoins that will ever be created is limited to 21 million, as per the Bitcoin protocol.
Bitcoins Mined as of March 2023:
As of March 2023, approximately 19,322,750 Bitcoins have been mined, representing around 92% of the total supply.
Block Halving Mechanism:
The number of Bitcoins released per block is halved approximately every four years, known as the "block halving." This is designed to slow down the rate of Bitcoin issuance and control inflation.
Current Block Reward:
After the most recent block halving in May 2020, the current block reward for mining a block is 6.25 Bitcoins.
Estimated Time Remaining:
Based on the block halving mechanism, it is estimated that the final Bitcoin will be mined around the year 2140.
Mining Difficulty:
The difficulty of mining a block is adjusted every 2016 blocks to ensure that the average block creation time remains around 10 minutes. As more miners join the network, the difficulty increases, making it more challenging to mine Bitcoins.
Distribution of Mined Bitcoins:
The vast majority of mined Bitcoins are held by a small number of individuals and companies. It is estimated that the top 0.01% of Bitcoin holders control over 50% of the supply.

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