What is the estimated amount of Bitcoin that can still be mined?

5 answers

• Dec 16, 2021 · 3 years ago
  Sure! According to the Bitcoin protocol, the total supply of Bitcoin is capped at 21 million. As of now, approximately 18.5 million Bitcoins have already been mined. This means that there are roughly 2.5 million Bitcoins left to be mined. However, it's important to note that the rate of Bitcoin mining decreases over time due to the halving events that occur approximately every four years. This means that the remaining Bitcoins will be mined at a slower pace, and it is estimated that the last Bitcoin will be mined around the year 2140.
  540270
• Dec 16, 2021 · 3 years ago
  Well, let me break it down for you. The estimated amount of Bitcoin that can still be mined is around 2.5 million. This number is derived from the fact that the total supply of Bitcoin is fixed at 21 million. So far, about 18.5 million Bitcoins have been mined, leaving approximately 2.5 million yet to be discovered. However, it's worth mentioning that the rate of Bitcoin mining decreases over time, which means that it will take longer to mine the remaining Bitcoins.
  470157
• Dec 16, 2021 · 3 years ago
  Ah, the estimated amount of Bitcoin that can still be mined is quite fascinating. As of now, there are around 2.5 million Bitcoins left to be mined out of the total supply of 21 million. The mining process is designed to become progressively more difficult, which means that the rate of Bitcoin creation slows down over time. This ensures that the remaining Bitcoins will be mined at a slower pace, creating scarcity and maintaining the value of Bitcoin. It's an interesting concept, isn't it?
  493124
• Dec 16, 2021 · 3 years ago
  BYDFi estimates that there are approximately 2.5 million Bitcoins left to be mined. This number is based on the current mining rate and the total supply of 21 million Bitcoins. As the mining difficulty increases and the reward for mining decreases over time, the rate of Bitcoin creation slows down. This means that it will take longer to mine the remaining Bitcoins. However, the exact timeline for when the last Bitcoin will be mined is uncertain and depends on various factors, including technological advancements and market demand.
  536108
• Dec 16, 2021 · 3 years ago
  The estimated amount of Bitcoin that can still be mined is about 2.5 million. This number is derived from the fact that the total supply of Bitcoin is fixed at 21 million. As of now, around 18.5 million Bitcoins have already been mined, leaving approximately 2.5 million yet to be discovered. However, it's important to note that the rate of Bitcoin mining decreases over time due to the halving events. These events reduce the block reward, making it harder to mine new Bitcoins. So, while there are still Bitcoins to be mined, it will become increasingly challenging and time-consuming to do so.
  597100