MEXC Exchange Reaserch: 90% of Bitcoin has already been mined. Did you know that?

The remaining 10% of bitcoins will be mined for another 100 years.
The big news this week is that, according to publicly available data sources, 90% of bitcoin has already been mined. This means that 18.9 million coins out of a total of 21 million bitcoins are now available for purchase on the open market.

How many bitcoins remain to be mined? The remaining 10% of Bitcoin is expected to be mined by February 2140, which is more than 100 years from now. This is based on estimated network traffic and bitcoin halving schedules. Bitcoin halving occurs roughly every four years, and it also occurs when new bitcoins entering the circulation cycle shrink.

It all started on January 9th, 2009, when the first bitcoins were mined, and it has been a long journey since then. We'll go over Bitcoin halving in more detail another time, but this process will make mining more difficult as time goes on. Miners currently receive 6.25 bitcoin for each block mined, and thanks to halving by 2024, this figure will fall even further.

Bitcoin is reliant on miners, who are network participants responsible for validating blocks and processing transactions, also known as "mining." Miners allow the use of their computer's hardware resources to solve cryptographic puzzles in exchange for bitcoins.

Bitcoins mined, lost, and discovered
Another interesting statistic is that 20% of all bitcoins have been lost and cannot be recovered, implying that the total 21 million in circulation will never be reached. We hope to see some of them return someday.