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How many bitcoins can be mined?

As in the subject. How many bitcoins can miners mine maximum? Is it a limited amount? If so, how will all bitcoins be mined? How can this affect the price?

As in the subject. How many bitcoins can miners mine maximum? Is it a limited amount? If so, how will all bitcoins be mined? How can this affect the price?

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Dawid Kędziora

In fact, there are only 21 million Bitcoins that can be mined. Once they've all been dug up, the supply will basically be depleted unless the protocol is changed to allow for more supply. Bitcoin supporters say that, like gold, the constant supply of the currency means that banks are kept in check and are not allowed to arbitrarily issue fiduciary media. What happens when the global supply of Bitcoin reaches its limit? This is a topic of much discussion among supporters and lovers of cryptocurrency.

In fact, there are only 21 million Bitcoins that can be mined. Once they've all been dug up, the supply will basically be depleted unless the protocol is changed to allow for more supply. Bitcoin supporters say that, like gold, the constant supply of the currency means that banks are kept in check and are not allowed to arbitrarily issue fiduciary media. What happens when the global supply of Bitcoin reaches its limit? This is a topic of much discussion among supporters and lovers of cryptocurrency.

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Currently, the limit on the amount of bitcoins that can be mined is 21 million. This is written in the source code of the cryptocurrency. Once this limit is reached, miners will no longer be able to mine new bitcoins. This will affect the supply, which in turn may impact the price of bitcoin. The reduced amount of available bitcoins may lead to an increase in their value, provided that demand is maintained or increases.

Currently, the limit on the amount of bitcoins that can be mined is 21 million. This is written in the source code of the cryptocurrency. Once this limit is reached, miners will no longer be able to mine new bitcoins. This will affect the supply, which in turn may impact the price of bitcoin. The reduced amount of available bitcoins may lead to an increase in their value, provided that demand is maintained or increases.

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