When will all bitcoin be mined?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! According to the original Bitcoin protocol, the total supply of bitcoin is capped at 21 million coins. Currently, around 18.5 million bitcoins have been mined. Based on the block reward halving that occurs approximately every four years, it is estimated that all bitcoin will be mined by the year 2140. However, it's important to note that the rate of mining will gradually decrease over time as the block rewards decrease. So, while the majority of bitcoin will be mined by 2140, the last few bitcoins may take longer to mine due to the diminishing block rewards.
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• Dec 16, 2021 · 3 years ago
  Well, the process of mining bitcoin involves solving complex mathematical problems to validate transactions and add them to the blockchain. As more miners join the network, the difficulty of these problems increases. This means that the time it takes to mine each block and earn the block reward also increases. So, while it's difficult to predict the exact timeline for when all bitcoin will be mined, it's expected to be around the year 2140 based on the current mining rate and block reward halving schedule.
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• Dec 16, 2021 · 3 years ago
  As an expert in the field, I can confirm that the remaining bitcoins will be mined gradually over the next century. The mining process is designed to become increasingly difficult over time, which means that the rate of bitcoin creation will slow down. This is done to ensure that the supply of bitcoin remains scarce and valuable. So, while the majority of bitcoin will be mined by 2140, it's likely that the last few bitcoins will take much longer to mine due to the decreasing block rewards and the increasing difficulty of mining.
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