What is the total number of bitcoins that have been mined?
RobeFowl22Dec 26, 2021 · 3 years ago3 answers
Can you tell me the current total number of bitcoins that have been mined? I'm curious to know how many bitcoins are in circulation.
3 answers
- Dec 26, 2021 · 3 years agoSure! As of today, the total number of bitcoins that have been mined is approximately 18.5 million. However, please note that the maximum supply of bitcoins is capped at 21 million, so there are still a few million bitcoins left to be mined in the future. The rate at which new bitcoins are created decreases over time, following a predetermined schedule called the Bitcoin halving. This ensures that the supply of bitcoins is limited and gradually becomes scarcer, similar to how gold is mined.
- Dec 26, 2021 · 3 years agoWell, let me break it down for you. Currently, there are around 18.5 million bitcoins that have been mined. However, the total supply of bitcoins is limited to 21 million. This means that there are still a few million bitcoins left to be mined. The process of mining bitcoins involves solving complex mathematical problems, and miners are rewarded with new bitcoins for their efforts. As time goes on, the reward for mining new bitcoins decreases, which is why the rate of bitcoin creation slows down over time. So, while there are currently 18.5 million bitcoins in circulation, there will eventually be a total of 21 million bitcoins in existence.
- Dec 26, 2021 · 3 years agoAccording to my research, the total number of bitcoins that have been mined as of now is approximately 18.5 million. However, it's important to note that this number is constantly changing as new blocks are mined and added to the blockchain. The process of mining bitcoins involves using powerful computers to solve complex mathematical problems, and miners are rewarded with bitcoins for their work. The total supply of bitcoins is capped at 21 million, and the rate at which new bitcoins are created is halved approximately every four years. This means that the remaining bitcoins will be mined gradually over time, and it's estimated that the last bitcoin will be mined around the year 2140.
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