What is the remaining supply of bitcoin?
Aniket KDec 15, 2021 · 3 years ago3 answers
Can you please explain what is meant by the remaining supply of bitcoin? How is it calculated and what factors affect it?
3 answers
- Dec 15, 2021 · 3 years agoThe remaining supply of bitcoin refers to the amount of bitcoin that has not yet been mined. Bitcoin has a limited supply of 21 million coins, and as of now, around 18.5 million bitcoins have been mined. The remaining supply is calculated by subtracting the mined bitcoins from the total supply. Factors that affect the remaining supply include the mining difficulty, which determines how quickly new bitcoins are mined, and the halving events that occur approximately every four years, which reduce the rate at which new bitcoins are created.
- Dec 15, 2021 · 3 years agoThe remaining supply of bitcoin is the number of bitcoins that are yet to be mined. Bitcoin mining is the process of adding new transactions to the blockchain and releasing new bitcoins. The remaining supply is calculated by subtracting the total number of mined bitcoins from the total supply. As of now, there are approximately 2.5 million bitcoins left to be mined. The remaining supply is gradually decreasing due to the halving events that occur every four years, which reduce the block reward for miners.
- Dec 15, 2021 · 3 years agoThe remaining supply of bitcoin is an important concept in the cryptocurrency world. It refers to the number of bitcoins that are yet to be created through the mining process. Currently, there are around 2.5 million bitcoins left to be mined out of the total supply of 21 million. The remaining supply is calculated by subtracting the number of mined bitcoins from the total supply. It is important to note that the rate at which new bitcoins are created is halved approximately every four years, which means that the remaining supply is gradually decreasing over time. This scarcity is one of the factors that contribute to the value of bitcoin.
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