Less than 13 years after seeing the light of day, the Bitcoin network has reached a significant milestone as 90% of all BTC ever to exist has been mined. However, the remaining 10% will take a lot more time – more than 100 years, according to some estimation.
90% in 12 Years
Bitcoin’s history began nearly 13 years ago, as its network launched on January 3, 2009. Back then, Satoshi Nakamoto – the mysterious architect(s) of the project – mined the starting block of the chain, known as the Genesis Block.
One of the critical and most valued features of Bitcoin is its digital scarcity that comes from the fact that no more than 21 million bitcoins could ever be created.
According to data from BlockchainCom, there are 18.89 million BTC already mined, representing 90% of the total supply. There are less than 2 million bitcoins left to mine after today. However, due to the regular halving events, the self-adjusting difficulty, and other pre-programmed features, it is estimated that this will take quite some time and that the 21 millionth BTC will be “created” in the distant 2140.
10% in Nearly 120 Years
According to math, the full 100% will be mined in the middle of the next century as the main reason for it is the Bitcoin halving. In short, this is a pre-programmed event occurring every 210,000 blocks (roughly four years as of yet) that slashes the block reward that miners receive in half. As of now, this reward is 6.25 BTC, while in 2024, it will be reduced to 3.125. In comparison, it started at 50 BTC per block in 2009.
Another significant feature created to assure bitcoin’s stable speed of producing new coins is the mining difficulty adjustment. Essentially, it’s a process occurring every 2,016 blocks (two weeks) that makes it either more difficult or easier for miners to do their work.
If there are too many miners currently trying to mine new bitcoins, the difficulty adjustment will make it harder for them to receive the rewards and vice-versa. This will ensure that the block creation remains stable.
A valid example of the mining difficulty merits came earlier this year. As China implemented an all-out ban on anything crypto, miners had to close shops and move away.
The hash rate, which is indicative of the robustness of the network, plummeted in the following months, and the block creation was delayed. However, the blockchain went through several consecutive negative adjustments that made it significantly easier for miners to do their job.
Lost Coins and Digital Scarcity
While the total supply of 21 million BTCs is expected to be mined next century, not all can even reach the open market because more than 3.5 million bitcoins have been “lost” due to misplacing private keys or even death events.
There’re multiple examples of investors, typically early adopters, who had mined or received substantial quantities of BTC years ago but failed to keep them safe.
One such person is the German-born programmer Stefan Thomas. In 2011, he produced an educational video called “What is Bitcoin?” for another BTC fan, who sent him 7,002 bitcoins in return.
In the beginning, Thomas didn’t pay much attention to his new holdings as they had a little-to-no value at the time, and he lost the digital keys to the wallet. However, the coins are now worth over $340 million, and the man is desperate to find out his password.
This only goes to show the importance of keeping your BTC safe, remembering (writing down) the private keys and also highlighting bitcoin’s scarcity even more. After all, nearly 17% of the asset’s total supply has presumably been lost irretrievably, making it even more scarce than it was intended to be.
F*ckin’ awesome issues here. I am very happy to peer your article. Thanks so much and i am taking a look forward to touch you. Will you please drop me a mail?
I am lucky that I observed this blog, precisely the right info that I was searching for! .
whoah this weblog is excellent i really like reading your posts. Keep up the great work! You realize, a lot of people are hunting round for this information, you could help them greatly.
I love it when people come together and share opinions, great blog, keep it up.
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it is rare to see a nice blog like this one these days..
My brother recommended I might like this web site. He was entirely right. This post actually made my day. You can not imagine simply how much time I had spent for this info! Thanks!
This design is steller! You certainly know how to keep a reader entertained.
Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic
job. I really enjoyed what you had to say, and more
than that, how you presented it. Too cool!
I loved as much as you’ll receive carried out right here.
The sketch is tasteful, your authored subject matter stylish.
nonetheless, you command get got an edginess over that you
wish be delivering the following. unwell unquestionably come further
formerly again since exactly the same nearly a lot often inside case you shield
this increase.
It’s the best time to make some plans for the future and it’s time to be happy.
I have read this post and if I could I wish to suggest you some interesting things or
suggestions. Maybe you could write next articles referring to this
article. I desire to read even more things about it!
I have read so many content regarding the blogger lovers except this article is actually a nice
post, keep it up.
Tremendous things here. I am very glad to peer
your article. Thank you so much and I am taking a look forward to contact you.
Will you please drop me a mail?
I am truly thankful to the holder of this site who has shared this wonderful piece of writing at here.
Hi there very nice web site!! Guy .. Excellent .. Amazing
.. I will bookmark your site and take the feeds also?
I am glad to seek out so many useful info right here within the put up, we want work out extra techniques on this
regard, thank you for sharing. . . . . .
Wow that was unusual. I just wrote an incredibly long comment but after
I clicked submit my comment didn’t show up. Grrrr…
well I’m not writing all that over again. Anyway, just wanted to say wonderful blog!
Greetings! Very helpful advice in this particular post! It is the
little changes which will make the most significant changes.
Thanks for sharing!
What’s up to every body, it’s my first go to see
of this blog; this blog contains remarkable and actually excellent data in favor of readers.
Hi! I’m at work browsing your blog from my new
apple iphone! Just wanted to say I love reading through your
blog and look forward to all your posts!
Keep up the superb work!
Attractive section of content. I just stumbled upon your website and in accession capital to assert that I get in fact enjoyed account your blog posts.
Anyway I’ll be subscribing to your augment and even I achievement you access
consistently rapidly.
Awesome! Its truly awesome post, I have got much clear idea about from this post.
I’ll immediately grab your rss feed as I can not find your e-mail subscription hyperlink
or e-newsletter service. Do you have any? Kindly allow me know in order that I may just subscribe.
Thanks.
After I originally left a comment I appear to have clicked the
-Notify me when new comments are added- checkbox and from
now on whenever a comment is added I recieve
4 emails with the exact same comment. There has to be an easy method you are able to remove me from that service?
Thanks!
I think this is among the most important information for me.
And i am glad reading your article. But should remark on few general
things, The website style is ideal, the articles is really excellent : D.
Good job, cheers
Ahaa, its pleasant dialogue on the topic of this post at this place at this blog, I have
read all that, so now me also commenting here.
wonderful points altogether, you just won a new reader.
What may you suggest about your post that you made some days ago?
Any certain?
I like the helpful info you provide in your articles. I
will bookmark your blog and check again here frequently.
I’m quite certain I’ll learn many new stuff right here!
Good luck for the next!
Spot on with this write-up, I really feel this website needs far more attention. I’ll probably be
back again to see more, thanks for the advice!
It is the best time to make some plans for the future and it’s time to be happy.
I have read this post and if I could I want to suggest
you few interesting things or tips. Perhaps you can write next articles referring
to this article. I want to read more things about it!
Nice post. I learn something new and challenging on websites I stumbleupon every day.
It will always be helpful to read content from other writers
and use a little something from their sites.
Hey there! I know this is somewhat off-topic but I needed to
ask. Does running a well-established website like
yours take a lot of work? I’m brand new to writing a blog however I
do write in my journal everyday. I’d like to start a blog so I can easily share
my experience and thoughts online. Please let me know if you have any kind of recommendations or tips for brand new aspiring blog owners.
Appreciate it!
Hi there! I just would like to offer you
a huge thumbs up for your excellent information you’ve got here on this post.
I will be coming back to your site for more soon.
Hi there, I found your website by means of Google at the
same time as searching for a related matter, your
web site came up, it appears to be like good. I’ve bookmarked it
in my google bookmarks.
Hi there, just become alert to your weblog via Google, and found that it’s truly informative.
I am gonna watch out for brussels. I will be grateful for those who
proceed this in future. A lot of people will probably be benefited from
your writing. Cheers!
When someone writes an piece of writing he/she maintains the image
of a user in his/her mind that how a user can know it.
Thus that’s why this article is great. Thanks!
Thanks for finally writing about > 90% of All Bitcoin is Now Mined: The Remaining
10% Will Take Approximately 120 Years to Mine – The Cryptonium – Cryptocurrency & Bitcoin – Rates & News < Liked it!
Link exchange is nothing else except it is just placing the other person’s website
link on your page at suitable place and other person will also do
similar in favor of you.
It’s remarkable in favor of me to have a web page, which is beneficial in favor of my experience.
thanks admin
I got this web page from my friend who informed me regarding this site
and at the moment this time I am browsing this
site and reading very informative articles or reviews at this place.
Hey! Do you know if they make any plugins to protect against hackers?
I’m kinda paranoid about losing everything I’ve worked hard on. Any
suggestions?
My brother suggested I may like this blog.
He used to be totally right. This publish actually made my day.
You can not consider simply how a lot time I had spent
for this information! Thanks!
Hey would you mind letting me know which hosting company
you’re utilizing? I’ve loaded your blog in 3 different browsers and I must say this blog
loads a lot faster then most. Can you recommend a
good hosting provider at a reasonable price? Thank you, I appreciate it!
Today, I went to the beach front with my children. I found
a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell
to her ear and screamed. There was a hermit crab inside and
it pinched her ear. She never wants to go back!
LoL I know this is totally off topic but I had to tell someone!
excellent issues altogether, you just received a logo new reader.
What would you recommend in regards to your submit that you made a few days ago?
Any positive?
I read this paragraph fully concerning the comparison of latest and previous technologies, it’s
amazing article.
This design is spectacular! You definitely know how to keep a reader amused.
Between your wit and your videos, I was almost moved to start my own blog
(well, almost…HaHa!) Great job. I really loved what
you had to say, and more than that, how you presented it.
Too cool!
You need to take part in a contest for one of the greatest blogs on the internet.
I am going to recommend this website!
Everything is very open with a precise clarification of the challenges.
It was really informative. Your website is very useful.
Many thanks for sharing!
Hi to every , as I am actually eager of reading this weblog’s post
to be updated regularly. It contains pleasant
material.
Why visitors still use to read news papers when in this technological globe all is accessible on web?
This article will help the internet visitors for building up
new web site or even a weblog from start to end.
I visit every day some websites and sites to read articles, but this webpage presents quality based
posts.
Thanks for the marvelous posting! I seriously enjoyed reading it, you happen to be a great
author. I will remember to bookmark your blog
and may come back at some point. I want to encourage continue your great
writing, have a nice day!
Keep this going please, great job!
I’m not sure where you are getting your info, but good topic.
I needs to spend some time learning much more
or understanding more. Thanks for fantastic info I was looking
for this info for my mission.
I like the helpful information you provide in your articles.
I will bookmark your weblog and check again here regularly.
I’m quite certain I will learn lots of new stuff proper here!
Good luck for the next!
Excellent article. Keep posting such kind of info on your blog.
Im really impressed by your blog.
Hi there, You’ve done a great job. I’ll definitely digg
it and personally recommend to my friends. I’m sure they will be
benefited from this site.
This piece of writing is genuinely a good
one it assists new internet users, who are wishing for
blogging.
Wow, superb blog layout! How long have you been blogging for?
you make blogging look easy. The overall look of your site is magnificent,
as well as the content!
Thanks for the good writeup. It in reality was a enjoyment account it.
Glance advanced to far delivered agreeable from you! However,
how can we be in contact?
Superb blog! Do you have any tips for aspiring writers?
I’m hoping to start my own blog soon but I’m a little lost on everything.
Would you recommend starting with a free platform like WordPress or go for a paid
option? There are so many choices out there that I’m completely confused
.. Any recommendations? Bless you!
Hi! I could have sworn I’ve been to this blog before but after browsing through
some of the posts I realized it’s new to me. Nonetheless, I’m certainly delighted I came across it and I’ll
be bookmarking it and checking back often!
I’ve been surfing on-line greater than 3 hours today, yet
I never discovered any interesting article like yours.
It is lovely value enough for me. In my opinion, if all web owners and bloggers
made good content material as you probably did, the
web will probably be a lot more useful than ever before.
You’re so cool! I do not suppose I have read anything like that before.
So great to find somebody with a few original thoughts on this subject matter.
Really.. thank you for starting this up. This website is one
thing that is needed on the internet, someone with some
originality!
Magnificent beat ! I would like to apprentice while you amend your
website, how can i subscribe for a blog website? The account helped me a acceptable
deal. I had been a little bit acquainted of this
your broadcast provided bright clear idea
This info is priceless. Where can I find out more?
When some one searches for his necessary thing, therefore he/she
wishes to be available that in detail, therefore that thing is maintained over here.
I enjoy, lead to I found just what I was taking a look for.
You have ended my 4 day long hunt! God Bless you man. Have a nice day.
Bye
Hmm is anyone else encountering problems with the pictures on this blog loading?
I’m trying to find out if its a problem on my end or if it’s the blog.
Any feedback would be greatly appreciated.
Excellent article. Keep writing such kind of information on your page.
Im really impressed by your blog.
Hello there, You have performed an incredible job.
I will certainly digg it and in my opinion recommend to my friends.
I’m confident they’ll be benefited from this website.
WOW just what I was looking for. Came here by searching for website
Do you have a spam problem on this website; I also am a
blogger, and I was wondering your situation; many of
us have developed some nice methods and we are looking to trade solutions with others, why not shoot me
an e-mail if interested.
Link exchange is nothing else but it is simply placing the other person’s blog link on your page at suitable
place and other person will also do similar in favor of
you.
Every weekend i used to pay a quick visit this site, for the reason that i wish
for enjoyment, since this this web site conations genuinely
fastidious funny data too.
Thanks for your marvelous posting! I seriously enjoyed reading it, you’re a great author.I will
make sure to bookmark your blog and will come back at some point.
I want to encourage yourself to continue your great work, have a nice weekend!
Right here is the perfect blog for anyone who really wants to find out
about this topic. You know a whole lot its almost hard to argue with you (not that I actually will need
to…HaHa). You definitely put a fresh spin on a
topic that has been discussed for many years. Great stuff, just wonderful!
I’m not sure why but this blog is loading incredibly slow for
me. Is anyone else having this problem or is it a problem on my end?
I’ll check back later on and see if the problem still exists.
Hi there! Someone in my Myspace group shared this website with us so I came to take a look.
I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my
followers! Superb blog and fantastic design and style.
Pretty! This was a really wonderful post. Thank you for providing this info.
Thanks for your personal marvelous posting! I actually enjoyed reading it, you happen to
be a great author.I will ensure that I bookmark your blog and definitely will come back sometime soon. I want
to encourage one to continue your great work, have a
nice afternoon!
Have you ever considered creating an ebook or guest authoring on other blogs?
I have a blog based on the same information you discuss and would really like
to have you share some stories/information. I know my subscribers would enjoy your work.
If you are even remotely interested, feel free to shoot me an e-mail.
If you are going for finest contents like me, only pay a quick visit this site everyday
because it gives feature contents, thanks
Hi everyone, it’s my first pay a visit at this web site, and piece of writing is truly
fruitful designed for me, keep up posting these articles.
At this moment I am ready to do my breakfast, later than having my
breakfast coming yet again to read further news.
Do you mind if I quote a few of your posts as long as I provide credit and sources back
to your site? My blog is in the very same niche as yours and my visitors
would certainly benefit from some of the information you provide here.
Please let me know if this ok with you. Thanks a lot!
Aw, this was an incredibly good post. Taking the time and actual effort to produce a
superb article… but what can I say… I procrastinate a lot and don’t
seem to get nearly anything done.
Hmm is anyone else experiencing problems with the pictures on this blog loading?
I’m trying to find out if its a problem on my end or if it’s the blog.
Any feedback would be greatly appreciated.
Great post. I will be experiencing a few of these issues as
well..
I was curious if you ever considered changing the page layout of
your site? Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so
people could connect with it better. Youve got an awful
lot of text for only having one or 2 images. Maybe you could space
it out better?
Wow, awesome blog format! How long have you ever been blogging for?
you made blogging glance easy. The total look of your website is great,
let alone the content material!
Greetings! Very helpful advice within this article!
It’s the little changes that make the greatest changes.
Many thanks for sharing!
Hey There. I discovered your blog the use
of msn. This is a really neatly written article. I will be sure to bookmark
it and come back to read more of your helpful
info. Thank you for the post. I will definitely return.
Hello there, I discovered your website by way
of Google whilst looking for a comparable subject, your web site came up, it appears to be like good.
I have bookmarked it in my google bookmarks.
Hi there, just turned into alert to your weblog through Google, and found that it is really informative.
I’m going to watch out for brussels. I’ll be grateful when you continue this in future.
Many folks shall be benefited from your writing. Cheers!
167370 996773wonderful post. Neer knew this, thanks for letting me know. 839874
Its like you read my mind! You seem to know a lot about this,
like you wrote the book in it or something. I think that you can do with a few pics to drive the
message home a bit, but other than that, this is great blog.
A fantastic read. I’ll certainly be back.
Pretty nice post. I simply stumbled upon your blog
and wished to mention that I have truly enjoyed surfing around your weblog posts.
In any case I’ll be subscribing in your rss feed and I am hoping you write once more very soon!
I like the valuable info you provide in your articles.
I’ll bookmark your weblog and check again here regularly.
I’m quite certain I’ll learn plenty of new stuff right here!
Best of luck for the next!
Hello my loved one! I wish to say that this post is awesome, nice written and include almost all significant infos. I’d like to peer extra posts like this.
What’s up everybody, here every person is sharing these knowledge, so it’s pleasant
to read this website, and I used to visit this weblog
all the time.
Thank you for the auspicious writeup. It in fact was once a amusement account
it. Look complicated to more added agreeable from
you! By the way, how can we be in contact?
You can certainly see your enthusiasm within the work you write.
The arena hopes for more passionate writers such as you who aren’t afraid to say how they believe.
All the time follow your heart.
Right now it looks like WordPress is the best blogging platform available right now.
(from what I’ve read) Is that what you are using on your blog?
Hmm it appears like your site ate my first comment (it was super
long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying
your blog. I as well am an aspiring blog writer but I’m still new to the whole thing.
Do you have any points for beginner blog writers?
I’d definitely appreciate it.
I have been browsing on-line greater than three hours nowadays, yet I by
no means found any interesting article like yours.
It’s lovely worth sufficient for me. In my view, if all website owners and bloggers made good content material as you probably did, the net might be much more useful than ever before.
When someone writes an article he/she keeps the idea of a user in his/her brain that how a user can understand it.
So that’s why this paragraph is great. Thanks!
Hey there! Do you know if they make any plugins to help with SEO?
I’m trying to get my blog to rank for some targeted keywords but I’m not seeing
very good success. If you know of any please share. Thank you!
Magnificent beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog web site?
The account aided me a acceptable deal. I had been a little bit acquainted of
this your broadcast offered bright clear concept