Quote from: pogitayo on January 15, 2018, 12:16:55 PM

Quote from: Heisenberg_Hunter on January 15, 2018, 11:41:09 AM

When Satoshi Nakamoto created the first bitcoin in January 2009, there were nearly 21 million coins left to be mined. As 80% of the total number of bitcoins have already been mined by January 13, there are only one-fifth of the capped supply that will be mined in the coming years.

Over 16.8 million bitcoins have now been mined by the miners worldwide and there will be another 4.2 million digital coins that is still left.

Number of Bitcoins Mined

January 15,2016 : 15,089,500 (71.8%)

January 15,2017 : 16,104,750 (77%)

How can this be true sir? I thought these are digital currencies that can be generated by a digital blueprint. Does it mean that 20 percent of the total bitcoins are still left to be mined? Just believe that bitcoin will increase again.

When Bitcoin was initially made, there was 21,000,000 bitcoins available to mine so the figure is gradually going down as more and more miners join the fray and the difficulty rises as a result. According to calculations, the last bitcoin will be mined around 2100's.