90% of bitcoins are already mined

by in Cryptocurrency News

Mining

As of December 12, 90% of bitcoins were mined, according to data from the Blockchain.com service.

Mining pools have managed to mine 18.89 million coins from 21 million BTC so far.

Recall that Bitcoin mining will stop after the mining of 21 million coins, this is the concept formed by the creators of the new technology.

On January 9, miners mined the first coins, 12 years have passed since then, observers note. In early 2010, BTC supply had already reached 10% of the total Bitcoin supply. Half was mined by December 2021.

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The activity of mining pools has been increasing since last year against the backdrop of high demand for cryptocurrency and the strengthening of its rate. Today BTC is trading at $ 48,721, on November 10, the coin was close to $ 69,000 - this is the all-time high for bitcoin.

The computing power of the network is also increasing, now the BTC hash rate exceeds 180 EH/s, on May 14 it reached 180.66 EH/s.

According to the estimates of the analytical company Chainalysis, about 3.7 million coins were lost due to the death of wallet owners or the loss of access to these funds. It is believed that 1 million BTC is held by the legendary creator of the cryptocurrency Satoshi Nakamoto.