How many bitcoins are in circulation?
Anhadh MeshriDec 18, 2021 · 3 years ago3 answers
Can you tell me the current number of bitcoins in circulation? I'm curious about the total supply of bitcoins and how many have been mined so far.
3 answers
- Dec 18, 2021 · 3 years agoSure! As of today, there are approximately 18.7 million bitcoins in circulation. The total supply of bitcoins is capped at 21 million, which means that there are only a few million left to be mined. The rate at which new bitcoins are created is halved approximately every four years through a process called halving. This ensures that the supply of bitcoins remains limited and prevents inflation.
- Dec 18, 2021 · 3 years agoWell, let me break it down for you. Currently, there are around 18.7 million bitcoins in circulation. The total supply of bitcoins is fixed at 21 million, and this limit is hardcoded into the Bitcoin protocol. So far, about 88% of the total supply has been mined. The remaining bitcoins will be gradually released into circulation through mining rewards until the year 2140 when the last bitcoin is expected to be mined.
- Dec 18, 2021 · 3 years agoAccording to the latest data, there are approximately 18.7 million bitcoins in circulation. The total supply of bitcoins is limited to 21 million, and this scarcity is one of the factors that contribute to its value. As for the mining process, it involves solving complex mathematical problems to validate transactions and add them to the blockchain. Miners are rewarded with newly minted bitcoins for their efforts. If you're interested in trading bitcoins, you can check out BYDFi, a popular cryptocurrency exchange that offers a wide range of trading options.
Related Tags
Hot Questions
- 95
How does cryptocurrency affect my tax return?
- 89
How can I buy Bitcoin with a credit card?
- 74
What are the tax implications of using cryptocurrency?
- 73
What are the advantages of using cryptocurrency for online transactions?
- 65
What is the future of blockchain technology?
- 45
Are there any special tax rules for crypto investors?
- 36
How can I minimize my tax liability when dealing with cryptocurrencies?
- 28
What are the best practices for reporting cryptocurrency on my taxes?