by Alexander Romero 
There are 3 million Bitcoin still to be mined, see you in 2140!
The number of Bitcoins mined just reached 18 million of the 21 million as indicated in the white paper written by the creator of Bitcoin BTC, Satoshi Nakamoto.
That is 85% of the total number of Bitcoin tokens announced in the white paper.
That leaves 3 million Bitcoin to be mined to reach the total figure of 21 million Bitcoins available worldwide.
At the rate of Bitcoin mining, it seems that these 3 million Bitcoins will be finished to be mined in 2140!
Yes, in over 100 years because the Bitcoin mining process is slowing down over time due to Satoshi Nakamoto’s halving process.
In order to guarantee the rarity of Bitcoin BTC, Bitcoin Minors reward is halved every 4 years approximately.
You can check our crypto dictionary for a definition of Bitcoin Halving.
See our article about the Bitcoin Halving or Bitcoin Halvening as some people also call it.
Every time 210,000 blocks are added to the Bitcoin blockchain, the mining reward is halved to ensure a constant supply of Bitcoin.
As a rule, this happens every four years so the next halving will take place around May 2020, very soon.
This happened for the first time in 2012 and again in 2016.
Likewise, this will happen again in 2020 and 2024.
One of the consequences of the halving is that the price of Bitcoin goes up in the long term after the halving has taken place.
Currently, newly manufactured BTCs are mainly produced by Chinese miners.
The global Bitcoin BTC trade is around 2 million tokens a day.
The Bitcoin network performs more than 300,000 unique transactions per day.
With a Bitcoin price which is today about $8,000 on October 18, 2019.
Bitcoin still has a widely used payment solution, its reputation is not recognized yet as many still accuse it of being used to finance illegal activities.
The next Bitcoin halving in May 2020 is therefore the event that everyone expects with the uncertainty hanging over the price of Bitcoin next year after this event.
