Currently, according to estimates, 19 millionth in the next 23 days of bitcoin It is expected to be mined.
1 Bitcoin Block Is Mined Every Ten Minutes
At the time of this writing, the Bitcoin supply, which was 18,979,587, is approaching step by step to the 19 millionth coin, which is a turning point. With the mining of new blocks, the supply of BTC increases every 10 minutes with current hash rates.
In 23 days, the 19,000,000th #bitcoins will be mined.
— Documenting Bitcoin 📄 (@DocumentingBTC) March 10, 2022
As it is known, the total supply of Bitcoin is designed to be a maximum of 21 million units. This is by Satoshi Nakamoto, the inventor of BTC. cryptocurrency This is how it is added to the source code. After all BTCs are mined, the number of coins in circulation will remain constant. However, according to some estimates, the last BTC will be mined around the year 2140.
The reason why it will take so long for the last Bitcoin to be mined is the prediction that the mining speed will decrease over time. There is a halving event every 210,000 blocks, and the BTC reward given to miners is halved. This halving event takes place approximately every four years. In 2009, miners were rewarded with 50 BTC per block, while today this number is 6.25 BTC.
Ancient BTC Wallets Start to Awaken
According to the WhaleAlert account, which monitors the movements of crypto money whales, a wallet from 2010, containing 489 BTC, became active for the first time. However, 489 BTC, which corresponded to $ 50 at that time, is now worth approximately $ 20 million thanks to the patience of its investor.