How many more bitcoins can be mined in total?

3 answers

• Jan 07, 2022 · 3 years ago
  Sure! The total number of bitcoins that can be mined is 21 million. This limit is hardcoded into the Bitcoin protocol and cannot be changed. As of now, around 18.5 million bitcoins have already been mined, leaving approximately 2.5 million bitcoins yet 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 is limited and gradually decreases over time, making it a deflationary asset.
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• Jan 07, 2022 · 3 years ago
  Absolutely! The total supply of bitcoins is fixed at 21 million. Currently, around 88% of the total supply has been mined, leaving approximately 12% yet to be mined. The process of mining bitcoins involves solving complex mathematical problems using specialized hardware. Miners are rewarded with newly minted bitcoins for their computational efforts. However, the reward for mining new bitcoins decreases over time due to the halving mechanism. This scarcity and decreasing supply make bitcoins a valuable digital asset.
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• Jan 07, 2022 · 3 years ago
  Certainly! The total number of bitcoins that can be mined is capped at 21 million. This limit ensures that bitcoins remain scarce and valuable. As of now, around 18.5 million bitcoins have been mined, leaving approximately 2.5 million bitcoins to be mined. The rate of mining new bitcoins decreases over time due to the halving process. This means that it becomes progressively harder to mine new bitcoins as time goes on. The final bitcoin is expected to be mined around the year 2140. So, there is still some time left before all bitcoins are mined.
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