What is the estimated number of bitcoins left to be mined?
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Can you please provide me with an estimate of the number of bitcoins that are yet to be mined? I am curious to know how many bitcoins are still available for mining and how long it will take to mine them all.
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4 answers
- Sure! As of now, there are approximately 2.6 million bitcoins left to be mined out of the total supply of 21 million. This means that about 12.38% of the total bitcoins are yet to be mined. The rate at which new bitcoins are mined is halved approximately every four years through a process called the 'halving'. Based on the current block reward of 6.25 bitcoins per block, it is estimated that the last bitcoin will be mined around the year 2140. So, there is still a significant amount of time before all the bitcoins are mined.
Dec 19, 2021 · 3 years ago
- Well, let me break it down for you. Currently, there are around 2.6 million bitcoins left to be mined. This number represents about 12.38% of the total supply of bitcoins. The rate at which new bitcoins are created is reduced by half approximately every four years. This process is known as the 'halving'. Based on the current block reward of 6.25 bitcoins per block, it is estimated that the last bitcoin will be mined around the year 2140. So, we still have a long way to go before all the bitcoins are mined.
Dec 19, 2021 · 3 years ago
- Ah, the estimated number of bitcoins left to be mined! It's an interesting question. Currently, there are approximately 2.6 million bitcoins waiting to be mined. This represents about 12.38% of the total supply of bitcoins. The rate at which new bitcoins are generated is reduced by half every four years. This means that the last bitcoin will be mined around the year 2140. So, we still have a few more decades before all the bitcoins are mined. It's a fascinating journey, isn't it?
Dec 19, 2021 · 3 years ago
- BYDFi estimates that there are around 2.6 million bitcoins left to be mined. This number represents about 12.38% of the total supply of bitcoins. The rate at which new bitcoins are created is halved approximately every four years through a process called the 'halving'. Based on the current block reward of 6.25 bitcoins per block, it is estimated that the last bitcoin will be mined around the year 2140. So, there is still a significant amount of time before all the bitcoins are mined. Happy mining!
Dec 19, 2021 · 3 years ago
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