BTC
$23935.77

-0.01%

BTC
URL bitcoin.org
$ 23935.77
Last Price $ 0.00 million
Change -0.01%
power 211.53 EH/s
Daily output 0.00000446 BTC / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+58.70%
ETH
$1785.48

+0.01%

ETH
URL ethereum.org
$ 1785.48
Last Price $ 0.00 million
Change +0.01%
power 881.90 TH/s
Daily output 0.00001432 ETH / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+387.02%
DCR
$37.7782

0.00%

DCR
URL decred.org
$ 37.7782
Last Price $ 0.00 million
Change 0.00%
power 46.64 PH/s
Daily output 0.00000563 DCR / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-93.21%
LTC
$63.02

+0.16%

LTC
URL litecoin.com
$ 63.02
Last Price $ 0.00 million
Change +0.16%
power 400.93 TH/s
Daily output 0.00001791 LTC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-23.46%
BCH
$144.71

+0.13%

BCH
URL bitcoincash.org
$ 144.71
Last Price $ 0.00 million
Change +0.13%
power 1.21 EH/s
Daily output 0.00073943 BCH / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-85.47%
ZEC
$76.38

+0.10%

ZEC
URL z.cash
$ 76.38
Last Price $ 0.00 million
Change +0.10%
power 8.84 GH/s
Daily output 0.00030944 ZEC / K
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+46.84%
DASH
$54.63

0.00%

DASH
URL dash.org
$ 54.63
Last Price $ 0.00 million
Change 0.00%
power 2.53 PH/s
Daily output 0.00024160 DASH / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-55.61%
FIL
$8.9147

+0.01%

FIL
URL filecoin.io
$ 8.9147
Last Price $ 0.00 million
Change +0.01%
power 18.04EiB
Daily output 0.01517969 FIL / TiB
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0.00%
XCH
$40.7801

-4.77%

XCH
URL chia.net
$ 40.7801
Last Price $ 1.63 million
Change -4.77%
power 14884.94042968 PB
Daily output 0.00032771 XCH / TB
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+134.74%

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Your Location: Home > News > Details

As 90% of the supply of 21 million bitcoins has been mined, its scarcity become increasingly obvious

2021-12-16 09:54

According to data from Blockchain.com, the current total circulating supply of bitcoin has reached 18.9 million, which is equal to 90% of the total supply of 21 million bitcoins. This means that by 2140, only 10% of the supply of bitcoin is awaiting to digg. 

Satoshi Nakamoto, inventor of Bitcoin, dug up the genesis block of Bitcoin in 2009 and generated 50 Bitcoins. According to Bitcoin’s mechanism, the next block will appear every 10 minutes and rewards will be halved after about 210,000 blocks.

According to this mechanism, in the first four years after the birth of Bitcoin, each block reward is 50 Bitcoins; in the second four years, each block reward is 25 Bitcoins, and so on; until Bitcoin is all dug up around 2140. Because of Bitcoin's special halving mechanism, it has caused Bitcoin's unique deflationary characteristics.

Bitcoin is decentralized, allowing people to freely exchange value without relying on intermediaries. As the global popularity and usage of the Bitcoin network continue to increase, many traditional companies now accept Bitcoin as a payment method.. Demand for Bitcoin continues to increase and therefore Bitcoin is becoming more and more scarce.

A thing is valued if it is rare. Many traders, institutional investors and mining companies have realized the huge potential of Bitcoin's deep value. Most of the Bitcoins that have been dug have not yet entered the market but it is HODL. On-chain data analysis company Glassnode has issued a report to analyze the liquidity of bitcoin supply. A total of 14.5 million bitcoins (accounting for 78% of bitcoin circulation) are held by illiquid entities.

For these HODL fans, a deeper value of Bitcoin is becoming a necessity. Have a similar idea? But what needs to be certain is that due to the existence of HODL fans, Bitcoin does have a lot of room for value-added, and it may be the last period in which Bitcoin can be held at a lower cost.

RHY provides a variety of packages for miners with different investment needs, feel free to  contact us for more information. 


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