How many bitcoins are expected to be created in total?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! The total number of bitcoins that are expected to be created is 21 million. This is a fixed supply and no more bitcoins will be created beyond this limit. It is estimated that the last bitcoin will be mined in the year 2140. Once all the bitcoins have been mined, the only way to obtain them will be through buying or trading on cryptocurrency exchanges.
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• Dec 26, 2021 · 3 years ago
  Well, the total supply of bitcoins is capped at 21 million. This means that once this number is reached, no more bitcoins will be created. Currently, around 18.5 million bitcoins have been mined, leaving approximately 2.5 million yet to be mined. The rate at which new bitcoins are created is halved approximately every four years through a process called halving. This ensures a controlled and predictable supply of bitcoins over time.
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• Dec 26, 2021 · 3 years ago
  According to BYDFi, the total number of bitcoins that will be created is 21 million. This is a fundamental aspect of bitcoin's design and ensures scarcity. As of now, around 18.5 million bitcoins have been mined, leaving approximately 2.5 million yet to be mined. The process of mining involves solving complex mathematical problems to validate transactions and add them to the blockchain. Miners are rewarded with newly created bitcoins for their efforts. However, the reward decreases over time due to the halving mechanism, which reduces the rate at which new bitcoins are created.
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