What is the estimated number of bitcoins that can still be mined?
Niyati PatelDec 18, 2021 · 3 years ago3 answers
Can you provide an estimate of the remaining number of bitcoins that can be mined?
3 answers
- Dec 18, 2021 · 3 years agoSure! According to the Bitcoin protocol, the total supply of bitcoins is capped at 21 million. As of now, approximately 18.5 million bitcoins have been mined. This means that there are roughly 2.5 million bitcoins left to be mined. However, the rate at which new bitcoins are mined is halved approximately every four years through a process called the 'halving'. This means that the remaining bitcoins will be mined at a decreasing rate over time.
- Dec 18, 2021 · 3 years agoWell, the estimated number of bitcoins that can still be mined is around 2.5 million. This number is based on the fact that the total supply of bitcoins is limited to 21 million. So far, about 18.5 million bitcoins have been mined, leaving approximately 2.5 million bitcoins yet to be mined. Keep in mind that the rate of bitcoin mining decreases over time due to the halving process, which reduces the block reward by half every four years.
- Dec 18, 2021 · 3 years agoAccording to the latest data, there are approximately 2.5 million bitcoins left to be mined. This number is based on the fact that the total supply of bitcoins is capped at 21 million. As of now, around 18.5 million bitcoins have already been mined. The remaining bitcoins will be gradually mined over time, but at a decreasing rate due to the halving process. It's important to note that the exact number of bitcoins that can still be mined depends on various factors, including the mining difficulty and the rate at which new blocks are added to the blockchain.
Related Tags
Hot Questions
- 99
How can I protect my digital assets from hackers?
- 95
What are the advantages of using cryptocurrency for online transactions?
- 87
What are the best digital currencies to invest in right now?
- 81
Are there any special tax rules for crypto investors?
- 53
What is the future of blockchain technology?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?
- 43
How can I buy Bitcoin with a credit card?
- 39
What are the best practices for reporting cryptocurrency on my taxes?