Here is up to date information from the Bitcoin blockchain about how many bitcoins are left to be mined? (Updated Daily)
| How many bitcoins are left to be mined? | 1233229 Bitcoins are left to be mined as of October 12, 2024 |
At that time, over 19,500,000 Bitcoins had already been mined. This leaves under 1,5 million Bitcoins yet to be mined. Since the rate of new Bitcoin creation halves approximately every four years (an event known as the “halving”), the remaining Bitcoins will be mined more slowly, with the last fraction of a Bitcoin expected to be mined around the year 2140.
How to Calculate How Many Bitcoins are Left to be Mined?
To calculate the number of Bitcoins left to be mined, you can follow these calculations step by step:
- You need to know how many bitcoins will ever exist. This is easy because it is written in the Bitcoin code. The total number of Bitcoins that will ever be issued is capped at 21 million.
- Then you will need to learn how many bitcoins have already been mined. This information is available on many cryptocurrency websites and is updated in real time. On AltcoinsBox.com – How Many Bitcoins Have Been Mined?
- Then subtract the total number of Bitcoins already mined from the 21 million total cap. The formula for calculating how many bitcoins remain to be mined is as follows:
Bitcoins Left to be Mined=21,000,000 (total cap)−Bitcoins Already Mined
The relationship between the number of remaining bitcoins to mine and the halving.
Bitcoin halvings (events where the reward for mining new blocks is halved, diminishing the rate at which new Bitcoins are created) occur approximately every four years or after every 210,000 blocks are mined. This reduces the mining reward by half, effectively slowing down the rate of new Bitcoin creation. The most recent halving occurred in May 2020, and the next date of Bitcoin Halving is expected around April 2024.. Keep this in mind as it influences how quickly the remaining Bitcoins are mined. Learn more about Bitcoin Halving.
Due to these halving events and increasing difficulty in mining, the remaining Bitcoins will be mined more slowly. The very last Bitcoin (or fractions thereof) is expected to be mined around the year 2140.
The relationship between the number of remaining bitcoins to mine and the inflation.
The relationship between the decreasing number of Bitcoins remaining to be mined and the inflation rate of the network is critical. Less Bitcoin = Less Inflation. Fewer bitcoins left to mine means less inflation on the network. Learn more about Bitcoin Inflation Rate.
A note from AltcoinsBOX.com
For the most accurate and current figure, you would typically consult a real-time blockchain or cryptocurrency statistics provider. Calculating the exact number left to be mined manually might not be practical due to the dynamic nature of mining, changes in mining difficulty, and the occurrence of halving events.
I am a crypto journalist and blockchain expert. I like technology and started reading about bitcoin in 2013. Crypto is my passion and I like to write about cryptocurrencies.
P.S.
When I wrote the article “How Many Bitcoins are Left to be Mined?” I analyzed statistics from various reliable sources. Always verified information from the Genesis code.
