Only 10% of the Bitcoin supply left to mine
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....
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Bitcoin mining is still one of the hotly debated parts of the blockchain. Miners, no doubt make a good amount for blocks mined given the current price of BTC. But mining difficulty has also gone up as more BTC are mined. In its decade-long history, over 18.6 million of Bitcoin’s 21 million total supply has been mined. This constitutes almost 90% of all BTC’s supply. This leaves a little over 10% of BTC left to be mined. Currently, there are about 2.250 million coins left to be mined. Related Reading | Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End At the current....
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....
Since last week, bitcoin has rebounded; the price is up 7.04% in the last seven days, with a 2.95% increase in the last 24 hours. While there has been the usual amount of both good and bad news regarding bitcoin, what makes this week special is that people are starting to realize the digital scarcity Satoshi originally intended. Recently we have passed the 14 millionth Bitcoin that has been mined, or 2/3 of the total supply of Bitcoins that will ever come into existence. Bitcoin started this week at a price of $252, dipped down to a bottom at around $238 on March 30th, and from there....
We’ve seen esports and gaming get integrated in the crypto landscape left and right lately – but not quite in ways like this. Thousands of PlayStation consoles were last week modified to mine crypto. The Details Of The Operation The Ukrainian Security Service (SBU) raided the operation last week for allegedly stealing electricity; the SBU […]
Memorycoin has hit the transition stage recently. Soon the mining rewards will be cut drastically, and the coin will become more scarce when mining. 60% of the coins have been mined already creating a limited supply while also a solid base of them to use and trade. The value of MMC should increase as the influx of new coins slows. Memorycoin. With MMC being both GPU and ASIC resistant, this has allowed people to mine it with standard CPU's opening up its availability to more people who could not afford exotic mining rigs. I am able to mine MMC on my laptop that has an AMD A8 CPU. I also....