Deep Tide TechFlow News, March 3rd, according to Coindesk, Bitcoin has mined 19,997,001.16 coins, only about 3,000 coins away from the 20 million milestone. At the current rate of production, this will be reached within 7 days. This means that 95% of Bitcoin’s fixed total supply of 21 million coins is now in circulation, with the remaining 1 million coins to be gradually mined over the next century.
Bitcoin’s creator, Satoshi Nakamoto, embedded the total cap of 21 million coins into the protocol. With the halving mechanism occurring every four years, Bitcoin’s inflation rate has dropped below 1%, currently producing about 450 coins per day. At this rate, 99% of the supply will be mined before January 2035, with the last Bitcoin expected to be mined around 2105. The final mining is projected to continue until approximately 2140.
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The circulating supply of Bitcoin is about to surpass 20 million coins, with the final 1 million coins expected to be mined over the next 114 years.
Deep Tide TechFlow News, March 3rd, according to Coindesk, Bitcoin has mined 19,997,001.16 coins, only about 3,000 coins away from the 20 million milestone. At the current rate of production, this will be reached within 7 days. This means that 95% of Bitcoin’s fixed total supply of 21 million coins is now in circulation, with the remaining 1 million coins to be gradually mined over the next century.
Bitcoin’s creator, Satoshi Nakamoto, embedded the total cap of 21 million coins into the protocol. With the halving mechanism occurring every four years, Bitcoin’s inflation rate has dropped below 1%, currently producing about 450 coins per day. At this rate, 99% of the supply will be mined before January 2035, with the last Bitcoin expected to be mined around 2105. The final mining is projected to continue until approximately 2140.