19 Million Bitcoin Have Been Mined, 2 Million Left to Be Found
As only 2 million Bitcoins remain to be mined, mining difficulty rose to a new all-time high.
On April 1, 2022, Bitcoin (BTC) network reached a milestone after records show that 19 million bitcoin have been mined into circulation. Now there’s only two million Bitcoins left to be found (out of the total supply of 21 million) by mining participants.
Whenever a block is found by a miner, the coin issuance increases by 6.25 bitcoins ($289,656) per block found. A block is discovered roughly every ten minutes and the next block reward halving is expected to occur on or around May 3rd, 2024. The bitcoin dashboard at clarkmoody.com shows there’s only 1,999,781.23 BTC left to find, while no one truly knows how many there really are in circulation.
Soon after miners released the 19th millionth BTC in circulation on Friday, the mining difficulty of the Bitcoin network climbed to a new all-time high of 28.587 trillion. According to data from Blockchain.com, the computational power required to mine BTC blocks now requires an estimated hash rate of 201.84 exahash per second (EH/s).
As Cointelegraph reported, with just 2 million BTC left to mine as rewards and an influx of Bitcoin miners from across the world, the BTC network is expected to increasingly grow stronger as it supports the thriving community. It is estimated that the remaining 2 million BTC will be eventually mined roughly by the year 2140 owing to factors including halving.