How many Bitcoins have been mined?

Ninety percent of all bitcoins have been mined as of Monday morning, according to data from blockchain tracker Blockchain.com. The feat means 18.89 million bitcoins – of a maximum of 21 million – are now on the open market. Reaching the milestone took nearly 12 years since the first bitcoins were mined on Jan. 9, 2009.

How do bitcoin miners make money?

Today, more than 19 million Bitcoin have been mined to date, which only leaves under a few million remaining to be mined. Bitcoin miners earn revenue through two ways, newly minted Bitcoin from “block rewards” and from transaction fees of the users who transact on the network.

When will bitcoin be minted?

Almost 19 million or 90% of bitcoin have already been mined since the cryptocurrency was launched in 2009. Even so, the final bitcoin will likely not be minted until some time around 2140, according to current estimates. The rate at which new bitcoin are mined is geared to slow down over time.

How many Bitcoins are on the open market?

The feat means 18.89 million bitcoins – of a maximum of 21 million – are now on the open market. Reaching the milestone took nearly 12 years since the first bitcoins were mined on Jan. 9, 2009. However, the remaining supply is not expected to be mined until February 2140, based on network activity estimates and Bitcoin’s halving schedules.