Bitcoin Surges: 20M Mined,

Bitcoin Surpasses 20 Million Mined Coins

• Bitcoin has reached over 20 million mined coins, leaving fewer than 1 million BTC to be issued under its fixed 21 million supply cap.
• This milestone was recorded at block height 939,999, mined by the Foundry USA mining pool.
• The remaining Bitcoin will be distributed gradually over the next 114 years through programmed halving cycles.
• The most recent halving on April 20, 2024, reduced block rewards from 6.25 BTC to 3.125 BTC.
• Currently, miners produce about 450 BTC per day, down from about 900 BTC daily before the latest halving.
• An estimated three to four million BTC may be permanently lost due to misplaced keys and inaccessible wallets.

Bitcoin‘s circulation has surpassed the 20 million mark, with less than one million coins left to mine. The issuance rate is slowing due to programmed halvings that reduce block rewards over time.