Just 2 million Bitcoin left: Bitcoin hits the 19 million milestone
The 19th millionth Bitcoin (BTC) was mined today, a landmark occasion for the number one c. 19 million Bitcoin are now in circulation, with just 2 million Bitcoin yet to be minted (or mined) until roughly the year 2140.
In block 730002, mined by SBI Crypto, the 19 millionth Bitcoin entered circulation. SBI crypto earned 6.32 BTC, roughly $293,000 for the trouble in transaction fees and block reward.
A momentous occasion, the Bitcoin community was quick to celebrate the milestone event.
The 19,000,000th bitcoin was just mined.Only 2 million more bitcoin to go.
The CEO of possibly one of the world’s most ESG friendly Bitcoin miners, Kjetil Hove Pettersen of Kryptovault told Cointelegraph "we have only two million Bitcoin–less than 10% of the total–left to mine." He continued:
Bert de Groot, founder of a Bitcoin flower come mining company, Bitcoin Bloem, told Cointelegraph the “19th million bitcoin being mined today marks a historical moment.” He concluded that it “makes us realize once more how important the work was that Satoshi Nakamoto,” joking that “we wish we could have sent flowers to show our gratitude.”
According to Vlad Costea, founder of Bitcoin Takeover, there are “only 2 million BTC left to mine in the next 118 years!” Over the past 13 years since the inception of Bitcoin, miners have uncovered 19 million Bitcoin; the last Bitcoin is expected to be mined in the year 2140.
The 18,500,000 millionth Bitcoin was mined in September 2020, as the current issuance rate is 6.25 Bitcoin per block. The next halving, where the issuance rate is cut in half, is scheduled for 2024.
For the Bitcoin community, the 19 millionth Bitcoin mined highlights the scarcity of Bitcoin. According to Human Rights Foundation chief strategy
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