How many bitcoins are there or exist and how many remain to be mined in 2024?
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Bitcoins are created through a process known as mining. But are they finite? How many bitcoins are there now? How many bitcoins are left? When will bitcoins run out?
How many bitcoins are there now?
How many bitcoins are there today?
How many bitcoins have been mined?
We answer all of these questions.
Content Index - How many bitcoins are there
How many bitcoin currently exist 2024
The number of bitcoins in circulation is 19.798.003
This is the number of bitcoins mined so far. This amount of bitcoins is updated automatically.
I'm going to give you a text and you must translate it into English. The text contains HTML code that you should not modify, except for the following: - KEEP THE URLS UNTRANSLATED, that is, do not translate anything that is within a href - The text within the title and alt attributes must be translated. - You should NOT modify the id attributes, except for internal links (you must translate the origin, which is preceded by # and the destination id).How many bitcoins are left to mine
The remaining bitcoins to be mined are 1.201.997
What is the maximum amount of bitcoins
Among the characteristics of bitcoin there is one that directly influences the maximum amount of cryptocurrencies: Bitcoin is a deflationary currency.
This means that the issuance of bitcoins is fixed and limited.
The maximum amount of bitcoins is set in its white paper and is 21 million BTC.
When do bitcoins run out
The white paper also states when bitcoins run out.
Bitcoins are generated at a predetermined rate, and every now and then, this rate is halved. Each decrease in bitcoin creation is called a halving and takes place every 210,000 blocks.
The creation rate is determined by the rewards given to miners. Every 10 minutes, a block is generated in the bitcoin blockchain, and the miners who record it are rewarded with BTC.
For example, after the birth of bitcoin, miners received 50 BTC for every mined block. Since then, two halvings have taken place:
- On November 28, 2011, the first halving of bitcoin took place. The reward that miners receive for each created block decreased from 50 BTC to 25 BTC.
- On July 9, 2016, the second halving occurred. Miners started receiving 12.5 BTC per block instead of 25 BTC.
The maximum number of bitcoins in circulation will be 21 million. By 2032, 99% of the bitcoins will have been issued, but as the mining rate decreases, it is estimated that the last bitcoin will be issued in 2140.
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