Data Shows Nearly 90% of Bitcoin Has Been Mined, Here’s How Long It Will Take...
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....
Related News
Throughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem from Satoshi Nakamoto. However, even though estimates say Nakamoto mined over a million bitcoin, many other network participants mined millions of coins as well. 2010 Saw CPU and GPU Mining, Alongside Extremely Low Hashrate and Difficulty On June 9,....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
Bitcoin has been the leading choice for investors in the crypto space being the first of its kind. However, there is more to why the cryptocurrency is so attractive for investors. The limited supply of the digital asset has secured its reputation as a deflationary asset, making it a great inflation hedge. There will only ever be 21 million bitcoins that will be mined. BTC mining has now been going on for a little over a decade now. For the first eight years or so, mining activities remained pretty flat but picked up once the 2017/2018 bull market picked up. Since then, bitcoins have been....
Bitcoin has been causing the entire crypto market to see some uncertainty, which has had grave impacts on Ethereum and many other altcoins Ethereum is now consolidating alongside the benchmark crypto as it trades within the $350 region Where it trends next will likely depend on whether Bitcoin breaks out, or breaks down, from its range between $10,600 and $10,800 One analytics platform is noting that data shows Ethereum’s social volume is crashing at the […]
The Ethereum initial coin offering (ICO), which took place in 2014, represents one of the most significant events in the history of cryptocurrency. As the network had not begun generating tokens autonomously, the ICO event allowed early investors and enthusiasts to accumulate ETH, currently the second-largest cryptocurrency by market cap. Latest on-chain data shows that one of the ICO participants has become active for the first time in more than eight years, transferring their pre-mined stash of Ether tokens to different addresses on Saturday, October 21. 💤 A dormant pre-mine address....