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How many bitcoins are left to mine?

avatarHod PotatoDec 27, 2021 · 3 years ago3 answers

Can you tell me how many bitcoins are left to mine? I'm curious about the current supply of bitcoins and how many more can be mined in the future.

How many bitcoins are left to mine?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! As of now, there are approximately 2.6 million bitcoins left to be mined out of the total supply of 21 million. The rate at which new bitcoins are created is halved approximately every four years in a process known as the Bitcoin halving. This means that the remaining bitcoins will be mined gradually over the next few decades. Once all 21 million bitcoins have been mined, no more new bitcoins will be created.
  • avatarDec 27, 2021 · 3 years ago
    Well, let me break it down for you. Currently, around 12.5 bitcoins are mined every 10 minutes. This number will continue until the next halving event, which is expected to occur in 2024. After that, the block reward will be reduced to 6.25 bitcoins. This process will continue until the year 2140, when the last fraction of a bitcoin will be mined. So, we still have a long way to go before all the bitcoins are mined.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, there are currently around 18.4 million bitcoins in circulation. This means that there are approximately 2.6 million bitcoins left to be mined. The remaining bitcoins will be gradually released into circulation through the mining process. It's important to note that the rate of bitcoin mining is designed to decrease over time, which means that it will become increasingly difficult to mine new bitcoins as time goes on.