How many bitcoins have been mined up to this point?
PurvanasDec 17, 2021 · 3 years ago3 answers
Can you tell me the total number of bitcoins that have been mined so far? I'm curious to know how many bitcoins are currently in circulation.
3 answers
- Dec 17, 2021 · 3 years agoSure! As of now, there have been approximately 18.7 million bitcoins mined. However, the total number of bitcoins in circulation is slightly lower due to lost or inaccessible wallets.
- Dec 17, 2021 · 3 years agoWell, let me break it down for you. The Bitcoin network has a built-in mechanism that releases a fixed amount of new bitcoins into circulation every 10 minutes through a process called mining. Since the creation of Bitcoin in 2009, miners have successfully mined around 18.7 million bitcoins. This number will continue to increase until the total supply of 21 million bitcoins is reached.
- Dec 17, 2021 · 3 years agoAccording to the latest data, around 18.7 million bitcoins have been mined up to this point. It's important to note that the rate at which new bitcoins are mined decreases over time, following a predetermined schedule. This means that it becomes progressively harder and more resource-intensive to mine new bitcoins as time goes on. So, we can expect the remaining bitcoins to be mined at a slower pace.
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