There Are Less Than 3 Million Bitcoin Left To Be Mined

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There Are Less Than 3 Million Bitcoin Left To Be Mined

There Are Less Than 375,000 Bitcoins Left To Be Mined Before The Halvening

Yes, it’s that close. There are less than 375,000 Bitcoin left until the halvening. That’s really not that many. Only enough to last until May 14th, 2020. At that time the supply of new Bitcoins will be cut in half. That is a very important factor in why Bitcoin prices are going to move higher.

Bitcoin Is Moving Lower Right Now

Bitcoin is moving right now and, frankly, I think that is a great thing. It means BTCs are getting cheaper and cheaper all while the outlook for massive price increases grows. When trading at $10,000 a move to retest the all-time highs is a mere 100% gain for traders. Trading at the new low of $7,500 that increases to near 200% and I think the value will increase.

The Technical Picture Is Bearish

Bitcoin has just fallen below a key technical support level and indicated lower. MACD and stochastic are both confirming the drip with bearish crossovers that suggest a move to $7,000 or lower. The caveat is that both MACD and stochastic are very weak in their signals, it is possible today’s move is the end of the down turn. From that perspective, stochastic and MACD are both set to fire fairly strong bullish signals. The trick is waiting for the close of today’s candle, and possibly even tomorrows. While support is broken at $8,000, the true support target is closer to today’s low, the lows of June 2020. If that level is surpassed and the market closes there BTC prices could see a sharp drop.

Long-Term Outlook Bearish Too

The long-term outlook for Bitcoin, despite the bullish catalyst of halvening, is bearish too. The indicators are bearish and showing strength in both MACD and stochastic. In this situation an acceleration of selling pressure is likely, one that could easily take BTC down to retest support at $6,000. The $6,000 is a nice target for strong support, it is the baseline of the 2020 reversal, and one that won’t be easily broken. Regardless, the outlook for Bitcoin is bearish so it is advisable to wait if you are looking to up your holdings. If your trading I’d say a bearish positions should do well over the next week or two at least. We’ll see what happens.

How Many Bitcoins Are There?

All data/stats on this page are real-time.

How Many Bitcoins Are There Now in Circulation?

There are currently bitcoins in existence. This number changes about every 10 minutes when new blocks are mined. Right now, each new block adds 12.5 bitcoins into circulation.

Total Number of Bitcoins

The maximum and total amount of bitcoins that can ever exist is 21 million.

How Many Bitcoins Are Left to Be Mined?

There are bitcoins left to be mined.

How Many Bitcoins Are Lost?

There’s no exact answer. One recent estimate guess that about 3-4 million bitcoins are lost forever.

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How Many Bitcoins Are Mined Everyday?

144 blocks per day are mined on average, and there are 12.5 bitcoins per block. 144 x 12.5 is 1,800, so that’s the average amount of new bitcoins mined per day.

Because many miners are adding new hashpower, over the last few years blocks have often been found at 9.5 minute intervals rather than 10. This creates new bitcoins faster, so on most days there are actually more than 1,800 new bitcoins created.

How Many Bitcoins Have Been Mined Already?

Since bitcoins can only be created by being mined, all the bitcoins in existence are all bitcoins that have been mined. The total is BTC.

How Many Bitcoin Blocks Are There Today?

There have been blocks mined.

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How Many Bitcoins Does Satoshi Have?

Some estimate Satoshi has around 900,000 bitcoins (BTC). This number is heavily debated, though, as some claim he has around 300,000 BTC.

How Many Bitcoin Have Been Stolen?

It’s unclear exactly how many bitcoins have been stolen.

850,000 BTC were stolen in the Mt. Gox hack, which was the largest Bitcoin hack ever. Another 120,000 BTC were stolen from Bitfinex in 2020. Together, that adds up to about 970,000 BTC.

Stolen BTC, however, does not mean lost BTC. It’s likely these stolen coins are still circulating, and may not even be in the hands of the original thieves.

How Many Millionaires Were Made From Bitcoin?

It’s impossible to know exactly. With some quick math, however, we can estimate the max number of people who are Bitcoin millionaires.

With Bitcoin’s price at $ , you’d need bitcoins to be a Bitcoin millionaire in dollars. Since there are BTC in circulation, there are a maximum of people holding bitcoins.

In all likelihood, the number is much lower than that and probably around 30,000-60,000 people with more than $1 million worth of bitcoins.

How Many Bitcoin Miners Are There?

Slushpool has about 200,000 miners. They have 12% of the network hashrate. Assuming all pools have similar numbers, there are likely to be over 1,000,000 unique individuals mining bitcoins.

What Happens When All 21 Million Bitcoins Are Mined?

Right now, miners earn most of their income via the block reward. When all 21 million bitcoins are mined, there won’t be a block reward to pay to miners.

When a Bitcoin user sends a BTC transaction, a small fee is attached. These fees go to miners and this is what will be used to pay miners instead of the block reward.

How Many Bitcoins Will Be Mined Before The Next Halving?

There are BTC left to be mined until the next block reward halving.

How Many Bitcoin Billionaires Are There?

With Bitcoin prices hitting around $10,000, there may not be many Bitcoin billionaires. The Winklevoss twins are Bitcoin billionaires while the price is above $10,000, since they own more than 100,000 BTC.

How Many Coins Copied Bitcoin?

Most coins are exact copies of Bitcoin’s source code. Bcash is a fork of Bitcoin with a few things taken out. Litecoin is also a fork of Bitcoin with the block time and mining algorithm changed.

How Many Litecoin Are There?

At the time of writing, there are a little over 57 million litecoin (LTC) in existence. The Litecoin block halving is projected to be in August 2020.

Is Bitcoin Issuance Similar to Gold?

Gold’s supply has historically increased at around 2% per year. Bitcoin’s supply will increase less than 2% starting at the 2020 halving, and will eventually go to less than 1% a year after the 2024 halving. Bitcoin vs gold will be a big debate in the coming few years.

How Many Ethereum Are There?

There are a little over 100 million ether (ETH) in existence.

How Long Does it Take to Mine a Bitcoin?

New bitcoins are mined every 10 minutes. The amount of time it takes a miner to mine a bitcoin will depend on how much mining power he has.

Who Has the Most Bitcoins?

As discussed above, it’s likely that Satoshi has the most bitcoins of anyone.

How Long Has Bitcoin Been Around?

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Less than 3 Million Bitcoin are Left to be Mined

The reward obtained on mining bitcoin gets reduced to one half every 210,000 blocks which is approximately every 4 years due to the phenomenon of bitcoin halving. The upcoming halving scheduled for 2020 will be the beginning of the 4 th era of the bitcoin mining out of the 34. With every passing era, half the number of bitcoins minted in the previous era is mined in the next era. The creator devised this approach to stop inflation from corroding bitcoin.

After the halving of 2020, 2.25 million bitcoins will be mined in the next three years and from there on it will take almost 8 years for the same number of new of them to be issued. In May 2020, the 3rd era of mining will come to an end, thereby, reducing the reward to 6.25 i.e. half of 12.5. The 2.625 million bitcoin mined in the third era will now have a wait of 120 years for the miners to meet this number. By 2140, all of the bitcoins are expected to be mined.

We have only 3 million more left and only 120 years to mine them all. The number of bitcoins changes every 10 minutes when 12.5 BTC come into circulation with each new block. On average 144 blocks are mined per day making it 144 x 12.5 i.e. 1800 BTC per day.

There are approximately 200,000 miners in the pool named Slushpool and they have the 12% hashrate of the network, considering every pool has the same number of miners, one can estimate the total number of miners to be 1,000,000. Currently, miners earn most of their reward via mining but when all 21 Million BTC are mined, there will be no reward left to give however the small fee attached to every BTC transaction will become the source of earning for the miners.

Although there is still plenty of time left to buy bitcoin as there are another 120 years, the price of bitcoin might skyrocket so high that people couldn’t even afford a few satoshis, the smallest unit of bitcoin. Let’s see how the halving and fear of missing out (FOMO) contributes to the price of bitcoin.

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