When is the estimated date for all bitcoins to be mined?

3 answers

• Jan 13, 2022 · 3 years ago
  Sure! According to the original Bitcoin whitepaper, the total supply of bitcoins is capped at 21 million. Currently, around 18.7 million bitcoins have been mined. Based on the current rate of block creation, it is estimated that all bitcoins will be mined by the year 2140. So, we still have a long way to go before reaching that point. Keep hodling! 😉
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• Jan 13, 2022 · 3 years ago
  Well, the estimated date for all bitcoins to be mined is not set in stone. It depends on various factors such as the mining difficulty, block rewards, and the overall network hash rate. However, based on the current mining rate and the halving events that occur approximately every four years, it is projected that the last bitcoin will be mined around the year 2140. So, we still have a few more decades of mining ahead of us. 🤔
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• Jan 13, 2022 · 3 years ago
  According to the Bitcoin protocol, the last bitcoin is expected to be mined in the year 2140. This is because the mining reward is halved approximately every four years in an event known as the halving. As the mining reward decreases over time, it becomes progressively harder to mine new bitcoins. By 2140, the mining reward will be so small that it will no longer incentivize miners to continue mining. At that point, all 21 million bitcoins will have been mined and the supply will be fully distributed. It's an exciting milestone for the Bitcoin ecosystem! 🎉
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