This is how many bitcoins are remaining to mine

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Bitcoin miners already produced more than 88 percent of the overall supply of BTC — but how many bitcoin are remaining to mine and market? 

The cumulative volume of bitcoin mined (BTC) in existence has crossed over 18.5 million — out of a potential of 21 million — over the past month, according to block explorer Blockchain.com.

As a consequence, there are fewer than 2.5 million or around 11,9 percent of bitcoin available to miners to produce. However, over 88% of all bitcoins are now mined.

Miners are going to mine the very last bitcoin in 2140 

In the year 2140, the final bitcoin will be mined, after which no more BTC may be mined. This is because, with time, the incentives of miners for finding a new bitcoin block are becoming lower. Their compensation is cut by half every 210,000 blocks (or about every four years) in half.

Bitcoin’s system has now experienced three halvings. The last BTC halving happened on May 12th and lowered block rewards from 12.5 to 6.25 BTC per node. Miners’ incentive may begin to fall every 4 years before the very last satoshi — Bitcoin’s smallest unit — is found.

Why are there just 21 million BTCs? 

Actually, the explanation that Bitcoin’s overall supply was capped to 21 million coins by its founder, Satoshi Nakamoto, is unknown. There are, still, several hypotheses. 

One reason for the cap is the principle of money supply substitution. An alternate theory is that the cap may be mathematically inferred from the operating parameters of Bitcoin.

During the first place, the world’s money supply was about $21 trillion when Bitcoin was born. If Bitcoin ultimately absorbs all money, so every BTC will be worth $ 1 million, while every satoshi will be worth $0.01. Around the same time, although these two figures are strikingly close to each other, we can only speculate if it was a chance.

The second possibility is really clear.Mathematically, the output cap of Bitcoin is linked to the halving cycles — because we know exactly when all the halvings are going to occur and can extrapolate that out. Currently , the number of block incentives for each loop is equal to 100 (50 + 25 + 6.25 + 3.125, etc.). If you multiply this figure by 210,000 blocks per second, we get a full supply of 21 million blocks per day.

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