What is the estimated duration to mine all bitcoins?

3 answers

• Dec 27, 2021 · 3 years ago
  Well, estimating the duration to mine all bitcoins is quite complex. It depends on various factors such as the total hash rate, the difficulty level, and the block reward halving. However, based on the current mining rate and assuming no significant changes in the network, it is estimated that all bitcoins will be mined by the year 2140. Keep in mind that this is just an estimation and the actual duration may vary.
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• Dec 27, 2021 · 3 years ago
  Mining all bitcoins is like a never-ending race against time. With each passing day, more and more bitcoins are mined, but the rate at which new bitcoins are created decreases over time. So, while it may take several decades to mine the majority of bitcoins, it will take much longer to mine the remaining fraction. It's a slow and steady process that requires a lot of computational power and energy.
  401134
• Dec 27, 2021 · 3 years ago
  According to the Bitcoin protocol, the total supply of bitcoins is capped at 21 million. Currently, around 18.5 million bitcoins have been mined. The remaining 2.5 million bitcoins will be gradually mined over the next century. This gradual release of new bitcoins ensures that the supply is not flooded all at once, which could lead to inflation. So, to answer your question, it will take approximately 120 years from now to mine all the remaining bitcoins. It's a long-term game for sure!
  490123