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location Home > News > Details

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

2021-12-25 15:08

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.

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

BTC
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Issue amount 21000000
24 hours volume 998.36K
24 hours turnover $ 25.98B
Market Direction Short
Panic Index 79 (Extremely greedy)
Swap Rate 4.88%
Market Value Proportion 47.78%
market value $ 5,976.39 x 100 million
24 hour increase 0.54%
Computing power 578.43 EH/s
daily output 0.00000154 BTC / T
Halving 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.

0%
LTC
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Issue amount 84000000
24 hours volume 9.53M
24 hours turnover $ 711.36M
Market Direction Short
Swap Rate 12.90%
Market Value Proportion 0.38%
market value $ 31.24 x 100 million
24 hour increase 0.59%
Computing power 964.42 TH/s
daily output 0.00000427 LTC / M
Halving 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%
BCH
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Issue amount 21000000
24 hours volume 2.62M
24 hours turnover $ 308.54M
Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 30.69 x 100 million
24 hour increase -2.47%
Computing power 2.72 EH/s
daily output 0.00033036 BCH / T
Halving 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.

0%
FIL
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Issue amount 2000000000
24 hours volume 95.60M
24 hours turnover $ 506.27M
Market Direction Short
Swap Rate 17.90%
Market Value Proportion 0.14%
market value $ 80.21 x 100 million
24 hour increase -3.74%
Computing power 22.63EiB
daily output 0.00503958 FIL / TiB
Halving 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%
XCH
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Issue amount 31005582
24 hours volume 480.22K
24 hours turnover $ 14.80M
Market Direction Short
Swap Rate 17.32%
Market Value Proportion 0.01%
market value $ 6.00 x 100 million
24 hour increase -1.05%
Computing power 14912.60839843 PiB
daily output 0.00022488 XCH / TiB
Halving 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%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 29.60 x 100 million
24 hour increase 7.12%
Computing power 153.62 TH/s
daily output 0.00010289 ETC / M
Halving 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%
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