Only 2 million BTC left per minute

The first days of April all 19 million Bitcoin were mined. This means that there are only two million more BTC waiting for miners.

Thus, since the beginning of the oldest cryptocurrency, more than 90% of all Bitcoins have been mined.

bitcoins are slowly running out

At the end of the year we reported that 18,899,000 BTC were already in circulation. This means that between December and April, miners mined approximately 101,000 Bitcoins (see also: only 10% of bitcoin supply left to mine).

Historical Bitcoin was started at block 730002 which was assigned to SBI Crypto. The decline in the good number of Bitcoins is news for the community, as there is no lack of voices that this will lead to significant increases in the rate over time. In addition, there has been no lack of news recently about massive withdrawals of cryptocurrencies from exchanges, an example of which may be the information from March 16, when $1.2 billion worth of BTC was paid out from Coinbase.

When will the last Bitcoin be mined?

However, the mining of more than 90% of all BTC does not mean that there will be no work for miners in the near future. While there are only 2,000,000 Bitcoins left to mine out of 21,000,000 million, it will take around 118 years to mine them. According to current information, the last Bitcoin will be mined in 2140. This is because halvings occur approximately every four years, and the block reward is halved.

While Bitcoin’s declining count combined with the dwindling mining reward may, at first glance, pose a problem for miners, Norwegian CEO Kryptovault Kjetil Hove Pettersen believes the best days for mining are yet to come.


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