There Are Only 2 Million Units Of Bitcoin Left To Mine — Why Does It Matter?
Bitcoin passed a historic benchmark on Friday with the issuance of 19 million coins. This means that there are only 2 million coins remaining for anyone interested in taking ownership of the most sought-after digital asset in the world. BTC is trading at $46,750 on Coingecko as of early Saturday evening, up 5.5% in the […]
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It turns out that a $10,000+ pricetag is no factor for some buys, because KnCMiner has been selling Neptune bitcoin miners (which are slated to be released in early 2014) like they're hot cakes on a brisk Sunday morning. The news coming in is that KnC press officer Ian Chaffee says the company has sold 1,200 Neptune units to existing customers and another 1,200 units to new customers. Existing customers' units were priced at $10,000/per and new customers paid the price of $12,999/per. That brings the grand total to roughly $27,598,800. Undoubtedly impressive. Not terribly long ago, it was....
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. While Bitcoin’s inflation rate per annum is 1.73% today, after the halving in 2024, the crypto asset’s yearly inflation rate will be down to 1.1%.
The Institute of Mathematics: ‘Bitcoin Can Only Function Because of the Clever Mathematics Which Is in....
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....
By now you understand everything about what Bitcoin is and how it works, you’ve been buying and selling it vigorously, and every time you discover a place accepting Bitcoin as a form of payment you feel like it’s Christmas. You know for sure what mining means, and if you have had a chance to mine Bitcoin back in the day, you have probably managed to make a profit out of it. Bitcoin mining is becoming more competitive. Remember the days when computer CPUs (central processing units) were widely used to mine Bitcoin? Miners quickly moved on to using the GPUs (graphical processing units), as....
Fresh data shows 90% of the total Bitcoin supply is mined, but the rest will take a little longer to produce. Total circulating Bitcoin (BTC) hit a significant milestone on Monday morning, one and a half years after the last Bitcoin halving, as 90% of the maximum total supply has been mined.Current data from Blockchain.com shows Bitcoin in circulation hit 18.899 million as of Monday, meaning only 10% of the total supply is left to mine. While the first 90% of BTC took about 12 years to mine, the rest will take a little longer. Bitcoin has a hard cap of 21 million coins set by its anonymous....