BTC
$64056.48

+0.03%

BTC
URL bitcoin.org
$ 64056.48
Market Value $ 13,451.86 million
Change +0.03%
power 707.62 EH/s
Daily output 0.00000063 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.

+430.89%
DCR
$12.6995

0.00%

DCR
URL decred.org
$ 12.6995
Market Value $ 2.67 million
Change 0.00%
power 2.52 KH/s
Daily output 0.21580310 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.

-99.63%
LTC
$71.12

+0.08%

LTC
URL litecoin.com
$ 71.12
Market Value $ 59.74 million
Change +0.08%
power 996.89 TH/s
Daily output 0.00000299 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.

+90.32%
BCH
$416.62

-0.00%

BCH
URL bitcoincash.org
$ 416.62
Market Value $ 87.49 million
Change -0.00%
power 3.68 EH/s
Daily output 0.00013035 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.

-55.82%
ZEC
$33.18

+0.06%

ZEC
URL z.cash
$ 33.18
Market Value $ 6.97 million
Change +0.06%
power 9.55 GH/s
Daily output 0.00030855 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.

+58.64%
DASH
$26.48

0.00%

DASH
URL dash.org
$ 26.48
Market Value $ 5.00 million
Change 0.00%
power 2.68 PH/s
Daily output 0.00016841 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.

-52.98%
ETC
$21.9616

0.00%

ETC
$ 21.9616
Market Value $ 46.27 million
Change 0.00%
power 177.94 TH/s
Daily output 0.00007157 ETC / 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.

-1.73%

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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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