How many bitcoins are yet to be created?
Baf BafDec 18, 2021 · 3 years ago3 answers
Can you tell me how many bitcoins are left to be created? I'm curious about the total supply of bitcoins and how many are still available for mining.
3 answers
- Dec 18, 2021 · 3 years agoSure! As of now, there are approximately 18.7 million bitcoins in circulation. The total supply of bitcoins is capped at 21 million, which means there are roughly 2.3 million bitcoins left to be created. This remaining supply will be gradually released through the process of mining, where new bitcoins are generated as a reward for solving complex mathematical problems. So, there's still a significant amount of bitcoins that can be mined in the future.
- Dec 18, 2021 · 3 years agoWell, let me break it down for you. Currently, around 88% of all bitcoins have been mined, leaving approximately 12% yet to be created. This remaining supply is expected to be mined over the next few decades, as the mining difficulty increases and the reward for mining decreases. So, if you're thinking about getting into bitcoin mining, there's still some opportunity left, but it's important to consider the cost of mining equipment and electricity.
- Dec 18, 2021 · 3 years agoAccording to the latest data, there are about 2.3 million bitcoins left to be mined. This number is constantly decreasing as more bitcoins are mined and added to circulation. It's worth noting that the rate of bitcoin creation is halved approximately every four years, a process known as the 'halving'. This means that the remaining bitcoins will be mined at a slower pace over time. So, if you're interested in mining bitcoins, it's important to keep an eye on the halving events and adjust your mining strategy accordingly.
Related Tags
Hot Questions
- 92
What are the best practices for reporting cryptocurrency on my taxes?
- 74
How does cryptocurrency affect my tax return?
- 64
Are there any special tax rules for crypto investors?
- 50
How can I buy Bitcoin with a credit card?
- 38
What are the best digital currencies to invest in right now?
- 37
What is the future of blockchain technology?
- 36
What are the tax implications of using cryptocurrency?
- 31
How can I protect my digital assets from hackers?