How many Bitcoins have been mined?

When the Bitcoin cryptocurrency software launched in 2009, it was preprogrammed to only ever mint 21 million coins. The 19th millionth coin was mined last week. Bitcoin miners have crossed the 19 million threshold of minted Bitcoin, and only 2 million remain unminted, according to cryptocurrency publication Cointelegraph.

When was the first block of bitcoin mined?

The milestone comes almost 12 years after the first block, which consisted of 50 Bitcoins, was mined on January 9, 2009. It should be noted the left Bitcoins are yet to be mined until the year 2140. The 19th million block ‘730002’, was mined by SBI Crypto.

How many Bitcoins are in circulation?

The 19 millionth bitcoin has just been mined, data from Bitbo shows, leaving less than two million BTC remaining for miners to put in circulation as the Bitcoin network tick-tocks its way through a fixed issuance schedule until it reaches the 21 million supply limit and doesn’t create any new bitcoin ever again.

What will happen to miners when the bitcoin supplyreaches 21 million?

Some detractors of the protocol claim that miners will be forced away from the block rewards they receive for their work once the bitcoin supply has reached 21 million in circulation. But even when the last bitcoin has been produced, miners will likely continue to actively and competitively participate and validate new transactions.