Today news
About the same in other media
90% of all bitcoins have now been mined — but the remaining 10% will take over 100 years to reach open market
Reading now: 506
markets.businessinsider.comSean Gladwell
As of Monday, 90% of all bitcoins have been mined, according to data from Blockchain.com, 12 years after miners acquired the first-ever bitcoins.
That means about 18.9 million coins out of the maximum supply of 21 million are now on the open market. But mining the final 10% isn't expected to happen until February 2140, based on network estimates and bitcoin halving schedules, CoinDesk reported.
Bitcoin halving — which happens approximately every four years — is when the number of new bitcoins entering circulation shrinks.
The halving process will continue to make mining more challenging. Right now, miners receive about 6.25 bitcoin for every mined block, but this will drop by half in 2024.
Meanwhile, an estimated 20% bitcoin
Read more on markets.businessinsider.comAbout this in other media
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
