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The Block: 90% of All Bitcoin Has Now been Mined
Summary: Bitcoin block #714,032, which was mined at 23:26 UTC, rewarded its miner with 6.25 BTC as per the current issuance schedule. As a result of this latest emission, 90% of all bitcoin has now been mined, according to The Block. The block increased the circulating supply of bitcoin to 18.9 million BTC exactly. That means ...
Bitcoin block #714,032, which was mined at 23:26 UTC, rewarded its miner with 6.25 BTC as per the current issuance schedule. As a result of this latest emission, 90% of all bitcoin has now been mined, according to The Block.
The block increased the circulating supply of bitcoin to 18.9 million BTC exactly. That means there's only 10% of the anticipated total supply of 21 million coins left to be produced. Blockstream CEO Adam Back told The Block, "It highlights there is really not much bitcoin left to mine. Curiously the timing could not be better for the increasing hardening of bitcoin as an asset class."
By Amy Liu
