How many Bitcoins are mined daily?

5 min read

144 blocks per day are mined on average, and there are 6.25 bitcoins per block. 144 x 6.25 is 900

How Many Bitcoins Are There Now in Circulation?

The maximum number of bitcoins that can be mined is limited to 21 million units. The exact number that is in circulation can be an imaginary number since the bitcoins that are lost are out of circulation, this is coerced because the user loses the private key of his virtual wallet, the user who owns the wallet dies and is never He told no one his password, hacked wallets that are lost among other cases in which users without the problem and cannot access their virtual wallet and therefore lose their bitcoins.

An interesting case that happened recently was what happened in a game where some users of that game sent a capsule containing the information to access a virtual wallet that contained bitcoins in its content, those bitcoins were out of circulation until other users of this game Juice found this buried treasure and claimed this virtual wallet with these bitcoins.

The amount of 21 million bitcoins is a maximum number of those that may exist, but not a number of how many will be in circulation, this number could be 200 million or any random number and it would continue regardless of the question how many bitcoins are in circulation now.

Unlike the fiat money, this cannot be created more and it will reach a point that there may be 21 million, but in circulation only 50% or even less comes out, the thing is that nobody knows why this maximum number of bitcoins, but thanks to this there will be no inflation since there can only be a maximum amount, very similar to gold that gold only exists an exact amount and cannot be created more out of nothing.

This is the key difference with fiat money. Banks can print more of their currency when they want, which causes inflation to be created by seeing more money in circulation.

You can ‘burn’ bitcoins

It is possible to withdraw coins from the circulation permanently. This can be done with a code in the bitcoin software called OP_RETURN. With this code you remove access to the coins attached to the private key by marking an output transaction as invalid. Several bitcoin addresses have already been burned that way, the motivation behind such an act is unbeknownst to us.

You can lose bitcoins

In addition, there is always the possibility that you lose your bitcoins. Your bitcoin wallet stores your private key so if you lose your wallet and have not made a backup, for example by writing it down on paper, then it is almost impossible to gain access to your lost bitcoins.

The amount of bitcoin that has been lost in this manner is not possible to determine. It is not cynical to think that many people have lost bitcoin through this process. Bitcoin that has not been moved from an address and considered inactive could simply be someone holding and not wishing to spend their bitcoin.

There are currently 18.5 million bitcoins in existence. This number changes about every 10 minutes when new blocks are mined. Right now, each new block adds 6.25 bitcoins into circulation.

Then you can calculate an imaginary number about how many bitcoins can be in circulation at the moment, but this does not mean that this is the exact number for any of the reasons discussed above and therefore giving an exact number will be impossible.

Always remember that later you can add more bitcoins in circulation by buying more in the bitnovo market, it is quite fast easy and any problem you have will be solved quickly thanks to our customer service team.

How Many Bitcoins Will Ever be Created?

The maximum and total amount of bitcoins that can ever exist is 21 million.

How Many Bitcoins Are Left to Be Mined?

There are 2.4 million bitcoins left to be mined.

How Many Bitcoins Are Mined Every day?

144 blocks per day are mined on average, and there are 6.25 bitcoins per block. 144 x 6.25 is 900, so that’s the average amount of new bitcoins mined per day.

Because many miners are adding new hashpower, over the last few years blocks have often been found at 9.5-minute intervals rather than 10. This creates new bitcoins faster, so on most days there are actually more than 900 new bitcoins created.

How Many Bitcoins Have Been Mined Already?

Since bitcoins can only be created by being mined, all the bitcoins in existence are all bitcoins that have been mined. The total is 18.5 million BTC.

How Many Bitcoin Blocks Are There Today?

There have been 651,270 blocks mined.