How much bitcoin has already been mined?

Over 90% of the total amount of bitcoin that will ever exist has already been mined, according to data from the Clark Moody Bitcoin Dashboard. As the monetary network advances in awareness and usage worldwide, fueling an increased demand for BTC, a sudden and robust supply shock might become inevitable.

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 scarce is bitcoin?

Once people, institutions, and governments start realizing how scarce Bitcoin is, a whole new level of FOMO will ensue. Over 90% of the total amount of bitcoin that will ever exist has already been mined, according to data from the Clark Moody Bitcoin Dashboard.

What is bitcoin mining?

Bitcoin mining is the process by which new bitcoins are entered into circulation. It is also the way the network confirms new transactions and is a critical component of the blockchain ledger's maintenance and development. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem.