The 19 Millionth Bitcoin Has Been Mined: Why It Matters
With less than two million bitcoin left to be mined, Bitcoin’s limited supply has just gotten even more limited.The 19 millionth bitcoin has just been mined, data from Bitbo shows, leaving less than two million BTC remaining for miners to put in circulation as the Bitcoin network tick-tocks its way through a fixed issuance schedule until it reaches the 21 million supply limit and doesn’t create any new bitcoin ever again.The milestone demonstrates how Bitcoin’s creator, Satoshi Nakamoto, was able to join together decades of research in different areas of computer science to achieve....
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The 19 millionth Bitcoin was mined, leaving just 2 million BTC to be mined over the next 100 years. The 19th millionth Bitcoin (BTC) was mined on Friday, a landmark occasion for the number one cryptocurrency. Nineteen million Bitcoin are now in circulation, with just 2 million Bitcoin yet to be minted (or mined) until roughly the year 2140. In block 730002, mined by SBI Crypto, the 19 millionth Bitcoin entered circulation. SBI Crypto earned 6.32 BTC, roughly $293,000 for the trouble in transaction fees and block reward. A momentous occasion, the Bitcoin community was quick to celebrate....
There is one credible argument about why it is important to know Satoshi Nakamoto’s identity. His public wallets will account for about 5.5 % of the total number of bitcoins which will be in circulation after the 21 millionth – the last- bitcoin has been mined in approximately the year 2140. That theoretically could undermine the decentralization which has played a major role in why people have gravitated towards the cryptocurrency. It could easily be argued that Satoshi Nakamoto controls a number of bitcoins that could enable him to create price volatility if he so chose. The argument is....
Super-popular bitcoin block explorer and online wallet service Blockchain.info today announced the creation of their one millionth wallet - an absolutely huge milestone in the website's history. The news comes just days following a newsBTC report indicating the milestone was near, so if that isn't proof the website is growing rapidly, we don't know what is. Back in late-October, Blockchain.info announced that the 500,000th wallet had been created - and for the lucky person who did, well, they won a whopping 10 BTC. According to CoinDesk, it would appear another prize is in order for the....
Wallet service Blockchain has registered its 10 millionth bitcoin wallet. Data shows that, as of today, 10,053,518 wallets have been created by users of the service. That’s 7m more than Blockchain reported in February of last year, a significant jump in the roughly 20 months since that time. The service reported just under 9.4m wallets late last month. Announcing the 10 millionth wallet on its blog, Blockchain cited factors such as the US presidential election, the devaluation of the Chinese yuan and the vote by the UK to leave the European Union as key drivers of interest in bitcoin. The....
Wallet software provider Blockchain has opened its three millionth bitcoin wallet, having doubled downloads in less than a year. The company has seen continued demand since bitcoin's 2013 price spike, passing the 1.5 million milestone in April. Rival Coinbase currently lists 2.5 million wallets in the wild. Speaking to CoinDesk, CEO Peter Smith could not confirm how many of Blockchain's wallet accounts are active (ie contain funds) for privacy reasons. However, he pointed to record-breaking transaction volume as a sign of bitcoin's user growth.