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The total Bitcoin supply, pegged at 21 million, has been continuously mined since the coin's introduction in 2009. Now, 14 years later, 93% of the total supply has been mined, leaving only 7% remaining.
Bitcoin Mining Milestones
93% of Bitcoin Supply Already Mined
As of December 2023, over 19.56 million BTC had been mined, surpassing the 93% threshold of the total supply. This milestone was highlighted by major crypto platforms, emphasizing Bitcoin’s increasing scarcity.
Key observations:
- Between April 2022 and December 2023, fewer than 600 BTC were mined, showcasing Bitcoin’s slowing issuance rate.
- For comparison, over 2 million BTC were mined in Bitcoin’s first year (2009–2010), despite lower adoption rates.
The Impact of Halvings
Bitcoin undergoes a halving event approximately every four years, reducing block rewards by 50%. The next halving in 2024 will further constrict supply, potentially increasing Bitcoin’s value due to scarcity.
👉 Why Bitcoin Halving Matters for Investors
How Much Bitcoin Remains to Be Mined?
With 93% already mined, only ~1.44 million BTC remain. However, mining the remaining 7% will take much longer—projected at 117 years, with the final Bitcoin expected to be mined in 2140.
Key Takeaways:
- Current mined supply: 19.56M BTC (93%)
- Remaining supply: 1.44M BTC (7%)
- Final block mined: ~2140
What Happens When All BTC Is Mined?
- Miners will rely solely on transaction fees (no more block rewards).
- Bitcoin’s value may rise due to fixed supply and increasing demand.
FAQs About Bitcoin Mining
1. How often does Bitcoin halving occur?
Every 210,000 blocks (~4 years), reducing block rewards by 50%.
2. When will the last Bitcoin be mined?
Around 2140, based on current projections.
3. Why does Bitcoin mining slow down?
Due to halving events and increasing computational difficulty.
4. What happens when Bitcoin supply runs out?
Miners will shift to earning transaction fees, sustaining network security.
👉 Bitcoin Scarcity & Long-Term Value
Conclusion
Bitcoin’s fixed supply and halving-driven scarcity reinforce its value proposition. With only 7% left to mine, investors and miners must adapt to a future where transaction fees replace block rewards.
As the final BTC approaches in 2140, Bitcoin’s economic model ensures continued relevance in the crypto ecosystem.
Keywords: Bitcoin mining, BTC supply, Bitcoin halving, Bitcoin scarcity, cryptocurrency, Bitcoin 2140, Bitcoin transaction fees, Binance
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