• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Friday, June 9, 2023
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Only 10% of the Bitcoin supply left to mine

wireopedia memeber by wireopedia memeber
December 13, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
Only 10% of the Bitcoin supply left to mine
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

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.

You might also like

EU’s Crypto Law MiCA Receives Publication In Official Journal

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

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 creator Satoshi Nakamoto. This limitation is written in Bitcoin’s source code and enforced by network nodes. The hard cap on Bitcoin is critical to its value proposition as a currency and an investment tool.

Bitcoin circulating supply. Source: Blockchain.com

As detailed by Cointelegraph, it will take 119 years from now to complete the Bitcoin mining process due to the rate of producing new Bitcoin being cut by half every four years in a pre-determined protocol execution, also known as the Bitcoin halving.

Related: The history of Bitcoin: When did Bitcoin start?

Since the Bitcoin blockchain only creates new BTC as a reward for miners verifying new blocks, the halving ensures less Bitcoin is produced as the total circulating supply increases. Since May 2020, miners have earned 6.25 Bitcoin for every new block verified. This rate will decrease to 3.125 BTC per block in the next halving in 2024.

By 2040, the block reward will have reduced to less than 0.2 BTC and only 80,000 Bitcoin out of 21 million will be left up for grabs. The last Bitcoin will take close to 40 years to mine.

Bitcoin’s price started the week with a fresh rejection of $50,000 as the end-of-year close is fast approaching. It is almost 30% down from its all-time high of $68,789 reached on Nov. 10 at the time of publishing.

Read Entire Article
Tags: BlockchainCoin SurgesCointelegraphCryptocurrenciesMarket StoriesTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

EU’s Crypto Law MiCA Receives Publication In Official Journal

by wireopedia memeber
June 9, 2023
0

The European Union’s Markets in Crypto Assets law (MiCA) has been published in the Official Journal of the European Union (OJEU), marking the beginning of the implementation of...

Read more

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

by wireopedia memeber
June 9, 2023
0
Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Stock markets are showing strength, and selling by crypto traders has taken a pause Is this a sign that Bitcoin and

Read more

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

by wireopedia memeber
June 9, 2023
0
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his

Read more

Avalanche Approaches Vital Support Level, What Comes Next?

by wireopedia memeber
June 9, 2023
0
Avalanche Approaches Vital Support Level, What Comes Next?

Avalanche (AVAX) has experienced a bearish trend over the past few months, particularly after being rejected from the $1750 price level This rejection has allowed the bears to...

Read more

Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

by wireopedia memeber
June 9, 2023
0
Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023 This development comes after the publicly-listed company...

Read more
Next Post
Arrange These Colorful Flowers Into A Bouquet And We’ll Give You A Taylor Swift Song To Listen To As You Work

Arrange These Colorful Flowers Into A Bouquet And We'll Give You A Taylor Swift Song To Listen To As You Work

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

PCSO who filmed children in swimming pool changing rooms jailed

PCSO who filmed children in swimming pool changing rooms jailed

March 13, 2023

Tropic Square To Launch Prototype For Open-Source Chips Used In Bitcoin Hardware

August 10, 2022
CBI must win over politicians and big hitters if it is to survive

CBI must win over politicians and big hitters if it is to survive

June 6, 2023

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • Donald Trump indicted on 37 felony counts
  • ‘Backpack hero’ used bag as shield to chase knifeman who stabbed British girl
  • EU’s Crypto Law MiCA Receives Publication In Official Journal
  • Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT
  • 19 Actors Who Accused Their Costars Of Behaving Like Monsters On-Set

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$26,396.00-1.98%
  • ethereumEthereum(ETH)$1,838.03-2.17%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$259.92-6.79%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.52-1.26%
  • staked-etherLido Staked Ether(STETH)$1,836.31-2.23%
  • cardanoCardano(ADA)$0.323843-6.58%
  • dogecoinDogecoin(DOGE)$0.067767-2.81%
  • solanaSolana(SOL)$18.62-7.75%
  • matic-networkPolygon(MATIC)$0.76-5.51%
  • tronTRON(TRX)$0.076773-2.38%
  • litecoinLitecoin(LTC)$88.44-2.16%
  • polkadotPolkadot(DOT)$5.02-3.30%
  • binance-usdBinance USD(BUSD)$1.000.00%
  • avalanche-2Avalanche(AVAX)$13.92-4.91%
  • shiba-inuShiba Inu(SHIB)$0.000008-2.41%
  • daiDai(DAI)$1.00-0.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,423.00-1.92%
  • uniswapUniswap(UNI)$4.56-4.13%
  • chainlinkChainlink(LINK)$5.94-4.26%
  • cosmosCosmos Hub(ATOM)$9.44-6.21%
  • okbOKB(OKB)$44.39-1.75%
  • stellarStellar(XLM)$0.087423-1.99%
  • bitcoin-cashBitcoin Cash(BCH)$111.14-2.40%
  • filecoinFilecoin(FIL)$4.14-4.59%
  • crypto-com-chainCronos(CRO)$0.058810-1.80%
  • nearNEAR Protocol(NEAR)$1.40-7.23%
  • vechainVeChain(VET)$0.017617-5.19%
  • algorandAlgorand(ALGO)$0.122071-9.67%
  • elrond-erd-2MultiversX(EGLD)$34.67-4.44%
  • axie-infinityAxie Infinity(AXS)$6.21-7.04%
  • terra-lunaTerra Luna Classic(LUNC)$0.000094-6.15%
  • compound-ethercETH(CETH)$36.88-2.13%
  • ftx-tokenFTX(FTT)$1.91-20.60%
  • terrausdTerraClassicUSD(USTC)$0.012330-6.51%