Santa Claus will bring the milestone of 90% bitcoin mined!
I was reading somewhere by 2030 98% of bitcoin will have been mined.
So I wondered if 90% had already been reached: not yet, so I calculated what day the bitcoin that adds up to 90% will be mined, and it coincides with Christmas day!
For the curious, the calculations:
90% of 21M = 18,900,000 bitcoins, will be reached in block #715,715 (630,000 + 85,715): 210,000 \* (50 + 25 + 12.5) + 85,715 \* 6.125 = 18,900,004 bitcoin. Block #710,118 was mined on Nov 17 at 11:00 GMT. 5597 blocks remaining / 144 (blocks/day) = 38.8 days = 25th to 26th Dec., a few hours should be subtracted by the current upward trend of the hashrate.
**TLDR:** On block #715,715, most probably Christmas Day or eve, 90% of bitcoins will have been mined!
To the lawyers, accountants, advisors, consultants, & technologists, I ask you to think about the public interest. Innovation is more likely to thrive if it’s within our public policy frameworks. ...
Itâs December 2021, and the Turkish lira is near an all-time low against the U.S. dollar as President Recep Erdogan continues to implement what the Wall Street Journal calls âunconventional econom...