How Many Bitcoins Are Left to Mine?
Published: February 3, 2022
Table of Contents
Bitcoin is a decentralized digital currency with no physical representation. You can‘t touch it the way you can other currencies like dollars, euros, etc. If you just started learning about bitcoins, you may be interested to know how many are left for mining.
Keep on reading to find out!
How Many Bitcoins Are Left to Mine?
(Source: Buy Bitcoin Worldwide)
Closely after the catastrophic economic recession of 2009, Satoshi Nakamoto created bitcoin. Unfortunately, he limited the production to 21 million bitcoin. With close to 19 million bitcoins already in circulation, there are “only“ 2,052,550.0 bitcoins currently left to mine.
Other Stats About Bitcoin Mining
If you want to find out more about how many bitcoins are mined in a day, when will cryptocurrency mining end, what are the top limited-supply cryptocurrencies, or how long it takes to mine BTC, keep reading!
About 900 new bitcoins are mined every day.
(Source: Buy Bitcoin Worldwide)
This amounts to about 144 blocks per day on average (each block consists of 6.25 BTC). However, the number might be even higher nowadays as miners add more new hash power.
Numeraire and DASH are among the top currencies with a limited supply.
(Source: RollBit)
Numeraire‘s maximum supply is 11 million, and currently, there are around 6 million in circulation. Similarly, DASH‘s total supply is 18.92 million, and there are currently 10.3 million in circulation.
Another limited supply cryptocurrency is Kusama, with 10 million maximum supply and 8.98 million in circulation.
It takes about 10 minutes to mine one bitcoin block.
(Source: Planet Crypto)
You can‘t mine a single bitcoin, only bitcoin blocks consisting of 6.25 BTCs each.
The difficulty of mining increases with the number of miners in the network.
(Source: Planet Crypto)
Currently, thousands of miners are fighting for a single block, so obtaining it won‘t be an easy feat. With so many of them in the network, more computational power is necessary to solve each block, so many decide to join a mining pool.
Bitcoin mining is expected to end in 2140.
(Source: Investopedia / StormGain)
It‘s estimated that we‘ll have mined all bitcoin by 2140. The block reward will be halved every four years until the end of mining in February 2140.
However, this is only an estimate, and while the last whole bitcoin might be mined in 2040, the fragments of bitcoins might still be rewarded to miners after this point.
Wrapping Up
If you‘re passionate about bitcoin mining or just setting out on the crypto mining journey, knowing just how competitive the market is, how many cryptocurrencies are there, and how many bitcoins are left for you to grab is of utmost importance.
We‘re confident this information will help you manage to get where you want in your bitcoin journey. Happy mining!
ABOUT AUTHOR
Ema is an ESL teacher (who is highly curious about technology in education) and a content writer. She enjoys writing on all sorts of subjects and she loves a good challenge. When she’s not working, you can find her reading a mystery thriller or watching “Shutter Island” for the umpteenth time.
