I have been asked by multiple people the same questions about bitcoin and wanted to provide a top 12 FAQ’s that people are asking about Bitcoin. I have also provided a live Bitcoin ticker that will show the current Bitcoin price of Bitcoin in USD, EUR, CAD.
-Live Cryptocurrency ticker below
1)Total Bitcoins to ever be produced: 21,000,000
2)Minging completion will be in the year: 2140
3)Total Bitcoins in circulation as of 5/12/20: 18,376,362.5
4)The Bitcoin block mining reward halves every: 210,000 blocks averaging about every 4 years
5)When production of bitcoins reward will decrease its called: Halving
6)Approximate block generation time: 10 minutes
7)Approximate blocks generated per day: 1440
8)Bitcoins are being mined at a rate of: 6.25 coins per 10 minutes or block until Halving then 3.125 per 10 minutes
9)As of today Bitcoins generated per day: 900 until the halving 450 a day
10) Total Bitcoins lost: 4,000,000 and never acceptable lost passwords or wallets
11)Satoshi Nakamoto owns 1,000,000 Bitcoin: Still unknown and never moved one Bitcoin until this day.
12)Next Bitcoin halving estimated will be on Feb 2nd, 2024
13) Every two weeks or more precise every 2016 blocks difficulty will be adjusted. If blocks are mined faster or slower then 10 minutes then the difficulty will be adjusted making the math problem harder or easier to solve.
|= 0.00000001 ฿|
|= 0.0000001 ฿|
|= 0.000001 ฿||= 1 Bit / μBTC (you-bit)|
|= 0.00001 ฿|
|= 0.0001 ฿|
|= 0.001 ฿||= 1 mBTC (em-bit)|
|= 0.01 ฿||= 1 cBTC (bitcent)|
|= 0.1 ฿|
|= 1 ฿||= 1 BTC (Bitcoin)|
This will also cut the supply of selling Bitcoins on the marketplace and should increase the value. If you noticed everything has 21 in it from the block size to the date and number of Bitcoins.
The Bitcoin Clock Reward Halving Countdown to the right or bottom of page
It all comes down to supply and demand for the whole world what will drive the price if your interested in understanding Metcalfe’s law I provided the link.
Gold prices below