Bitcoin Surpasses Major Milestone Of 18.5 Mln Mined Coins - EtherDesk Exclusive.

Bitcoin Surpasses Major Milestone Of 18.5 Mln Mined Coins - EtherDesk Exclusive.

2020-09-27 | Eddy Morgan

Bitcoin Surpasses Major Milestone Of 18.5 Mln Mined Coins - EtherDesk Exclusive.

The total circulating supply of the leading cryptocurrency Bitcoin [BTC] surpasses a major milestone of 18.5 Mln coins, consistent with CoinMarketCap data.

Around 88% of all coins which will ever exist in circulation have already been mined.

18.5 Mln Coins In Circulation

The primary Bitcoin block - that is referred as the “genesis block” - was mined by Satoshi Nakamoto, the pseudonymous creator of the world’s leading cryptocurrency, on 3rd Jan., 2009.

Its coinbase parameter contains the now-famous The Times headline about ex-British chancellor Alistair Darling considering the 2nd bailout for banks. Another peculiar thing about block 0 is that the 50 BTC reward subsidy it received is unspendable.

Bitcoin’s present circulating supply crossed the 1 Mln coins mark on 24th Jun. 2009. At that point, BTC was still worth basically nothing since it wasn’t trading on one exchange.

It took over 2-years for it to cross the 10 Mln milestone on 27th Sept. 2012 prior to the very primary quadrennial reward cut that happened on 28th Nov. 2012, reducing the block subsidy from 50 BTC to 25 BTC.

Bitcoin Surpasses Major Milestone Of 18.5 Mln Mined Coins - EtherDesk Exclusive.

As reported earlier, the flagship cryptocurrency began its 4th era on 11th May after its 630,000th block got mined. Miners now receive 6.25 BTC for every block they mine.

The final Bitcoin block is predicted to be mined no before than 2140, meaning that none of today’s BTC holders are going to be alive when that happens unless Peter Thiel comes via together with his anti-aging technology.

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