What portion of Bitcoin has been mined so far?
t_koizumiDec 18, 2021 · 3 years ago3 answers
Can you explain how much of the total supply of Bitcoin has been mined up to this point?
3 answers
- Dec 18, 2021 · 3 years agoAs of now, approximately 18.5 million out of the total 21 million Bitcoins have been mined. This means that around 88% of the total supply has already been mined. The remaining 2.5 million Bitcoins will be gradually mined over the next few decades, with the final Bitcoin expected to be mined around the year 2140.
- Dec 18, 2021 · 3 years agoSo far, about 88% of the total supply of Bitcoin has been mined. This is because the Bitcoin mining process is designed to gradually release new Bitcoins into circulation, with the rate of mining decreasing over time. This ensures that the supply of Bitcoin remains limited and helps to maintain its value.
- Dec 18, 2021 · 3 years agoAccording to data from BYDFi, a popular cryptocurrency exchange, approximately 88% of the total supply of Bitcoin has been mined. This means that there are only around 2.5 million Bitcoins left to be mined. The mining process becomes increasingly difficult over time, requiring more computational power and energy to mine each new Bitcoin. This scarcity and the decentralized nature of Bitcoin mining are key factors that contribute to its value and appeal.
Related Tags
Hot Questions
- 96
How can I buy Bitcoin with a credit card?
- 94
What are the tax implications of using cryptocurrency?
- 88
Are there any special tax rules for crypto investors?
- 82
How can I minimize my tax liability when dealing with cryptocurrencies?
- 62
What are the best digital currencies to invest in right now?
- 59
How can I protect my digital assets from hackers?
- 57
What is the future of blockchain technology?
- 56
What are the best practices for reporting cryptocurrency on my taxes?