What is the current amount of bitcoin that can still be mined?
Ritchie SalehDec 29, 2021 · 3 years ago3 answers
Can you provide information on the current amount of bitcoin that can still be mined? How much bitcoin is left to be mined and what is the estimated timeframe for mining all the remaining bitcoin?
3 answers
- Dec 29, 2021 · 3 years agoSure! As of now, there are approximately 18.5 million bitcoins in circulation. The total supply of bitcoin is capped at 21 million, which means there are around 2.5 million bitcoins left to be mined. However, the rate of bitcoin mining decreases over time due to the halving events that occur approximately every four years. It is estimated that all the remaining bitcoins will be mined by the year 2140.
- Dec 29, 2021 · 3 years agoWell, let me break it down for you. Currently, there are about 18.5 million bitcoins out there. But here's the catch - there will only ever be a total of 21 million bitcoins. So, that means there are roughly 2.5 million bitcoins left to be mined. However, keep in mind that the rate at which new bitcoins are created is halved every four years. This means that it will take longer and longer to mine the remaining bitcoins. It's like a race against time!
- Dec 29, 2021 · 3 years agoBYDFi here! The current amount of bitcoin that can still be mined is approximately 2.5 million. This number is constantly decreasing as more bitcoins are mined. The rate of bitcoin mining is designed to decrease over time, which means it becomes harder and harder to mine new bitcoins. It is estimated that all the remaining bitcoins will be mined by the year 2140. So, if you're thinking about getting into bitcoin mining, better start now before it becomes even more challenging!
Related Tags
Hot Questions
- 77
How does cryptocurrency affect my tax return?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 50
What are the tax implications of using cryptocurrency?
- 31
What is the future of blockchain technology?
- 28
What are the best digital currencies to invest in right now?
- 25
How can I buy Bitcoin with a credit card?
- 24
Are there any special tax rules for crypto investors?
- 18
How can I protect my digital assets from hackers?