How many bitcoins can still be mined?
CleanHouse i Vaest ABDec 28, 2021 · 3 years ago3 answers
Can you tell me how many bitcoins are left to be mined? I'm curious about the current supply of bitcoins and how many more can be generated in the future.
3 answers
- Dec 28, 2021 · 3 years agoSure! As of now, there are approximately 18.7 million bitcoins in circulation. The total supply of bitcoins is capped at 21 million, which means there are around 2.3 million bitcoins left to be mined. However, the rate at which new bitcoins are created is halved approximately every four years through a process called halving. This means that the remaining bitcoins will be mined at a decreasing rate over time, with the last bitcoin expected to be mined around the year 2140.
- Dec 28, 2021 · 3 years agoWell, there are currently about 18.7 million bitcoins in circulation. The total supply is fixed at 21 million, so that means there are still around 2.3 million bitcoins left to be mined. However, it's important to note that the rate of mining is not constant. It becomes more difficult to mine new bitcoins over time, which means that the remaining bitcoins will be mined at a slower pace. This is due to the design of the Bitcoin protocol, which aims to ensure a controlled and predictable supply of bitcoins over time.
- Dec 28, 2021 · 3 years agoAccording to the Bitcoin protocol, there will only ever be 21 million bitcoins in existence. As of now, around 18.7 million bitcoins have been mined, leaving approximately 2.3 million bitcoins yet to be mined. The process of mining involves solving complex mathematical problems, and as more bitcoins are mined, the difficulty of these problems increases. This means that the rate of bitcoin mining slows down over time, and it becomes harder to mine new bitcoins. So while there are still bitcoins left to be mined, the rate at which they are generated is decreasing.
Related Tags
Hot Questions
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 77
How does cryptocurrency affect my tax return?
- 69
What are the tax implications of using cryptocurrency?
- 58
What are the advantages of using cryptocurrency for online transactions?
- 55
Are there any special tax rules for crypto investors?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 41
What are the best digital currencies to invest in right now?
- 27
How can I protect my digital assets from hackers?