How many bitcoins are there?

Bitcoin Icon

How much Bitcoins are there? This question comes up quickly when dealing with the topic of Bitcoin.

Bitcoin is a cryptocurrency first introduced by Satoshi Nakamoto in 2009. It is the very first cryptocurrency to be launched. This is a decentralized currency that helps make payments in exchange for goods and services. However, due to strong price fluctuations, Bitcoin is also often viewed as an investment object. This article is about the creation of a bitcoin, how many pieces will be available in the future and how this could affect the price.

What is Bitcoin Mining?

In the course of mining, new bitcoins are created. It uses computer hardware to solve complex mathematical problems. In this process, the first person to find the solution to the math problem is rewarded.

You will be rewarded with Bitcoin blocks. However, you will only receive them if you are the first person to solve the mathematical problem. The whole process takes about 10 minutes, then it is restarted.

These computational tasks are used to verify the transactions of the currency. Many people are now interested in mining, as Bitcoin has increased in value greatly in recent years. The mining process becomes more difficult with every Bitcoin mined. This is because there is only a certain amount of Bitcoin available for miners.

How many Bitcoins are there?

We established at the beginning that there is a limited number of bitcoins in the world. Only 21 million Bitcoin can exist in total. Currently, (November 2022) around 18.9 million bitcoin have been mined, with around 2.1 million still missing. So, the bitcoin currently in circulation has already been mined. Bitcoin mining is getting harder and harder.

On the one hand, this is because fewer and fewer bitcoins are available, and on the other hand, more and more people are certainly taking part in this process. Since it is ultimately about computing power, a correspondingly strong hardware is a basic requirement. For a private individual with effective mining hardware, it currently takes around 4 to 5 years on average to mine one bitcoin.

If you are interested in digitally mining Bitcoin yourself, you will have to expect a high investment right from the start. The necessary hardware is currently difficult to get hold of and relatively expensive at the same time. However, if the Bitcoin price continues to grow strongly, this could still be a lucrative business.

How else can I get into Bitcoin?

Bitcoin mining can be laborious, costly, and yet not very lucrative. If you are still interested in acquiring them, there are different options:

Exchanges for cryptocurrencies

So, if you have some cash on the side that you would like to invest, you can acquire Bitcoin or other cryptocurrencies via exchanges. This is already widespread and next to mining, probably the best known way to get cryptocurrencies.

The market is now full of providers that offer trading platforms for their customers. We have already taken a closer look at some major exchanges and tested them in detail for you:

Peer-to-Peer-Netzwerke

These networks are another option to get cryptocurrencies. However, a trading platform does not act as an intermediary, but you get in touch directly with other interested parties. The network helps you to find a person who wants to sell you the desired number of cryptocurrencies.

This sounds good in theory, but it leads to a trust problem. In actual exchanges, you need to be sure that you can trust the other person. This is also the main reason why most people prefer exchanges as their first choice.

No Deposit Bonus

Some of our casino providers have a no-deposit bonus in Cryptocurrencies on sale. All you have to do then is clear this bonus and can call it your property. You then have the opportunity to continue playing to increase your cryptocurrencies even further or to transfer them directly to your wallet.

TrustDice Bonus ohne Einzahlung
25$ bonus without deposit in cryptocurrencies

TrustDice bietet in dieser Hinsicht den lukrativsten Bonus an. Dort erhältst Du über fünf Tage hinweg zufällig 1–5 $ pro Tag, den Du für Casinospiele nutzen kannst.

Faucets

Faucets are free coupons that can be used to purchase cryptocurrencies. These are sometimes available without conditions, other times behind a questionnaire or similar tasks. We can also warmly recommend TrustDice in this direction.

TrustDice Faucet de
Free faucets every six hours

As can be seen in the picture, the operator offers different faucets, with the number being constantly expanded. The best part? After a simple registration, these vouchers without conditions can be requested every six hours. The respective currency will be credited to your wallet and you can use it to play or transfer it directly to your personal wallet. It really doesn't get any better than this!

How many bitcoins are in circulation?

As mentioned above, the Bitcoin number is limited to 21 million. However, this does not mean that this amount will eventually be in circulation. On the contrary, due to the private wallets and high security regulations, there are numerous documented cases where numerous Bitcoin have been lost. It is almost impossible to recover them.

The largest wallet in this direction is attributed to the founder Satoshi Nakamoto, on which a million Bitcoin should be located. But there have been no movements there since 2012. If the owner is deceased, for example, there is a high probability that the Bitcoin will be irrevocably lost.

Caution: Bitcoin and other cryptocurrencies have been lost several times in the past. Protect your values especially well and consider reasonable security systems. The loss of your key can lead to the complete loss of your cryptocurrencies.

What does this mean now? The number of Bitcoin mentioned above represents the theoretically possible sum, but in reality there will be significantly fewer coins in circulation.

FAQ: How many Bitcoin are there?

This question cannot be answered unequivocally with yes or no.

The price of Bitcoin has risen steadily over the past few years, but it has also had to put up with very sharp drops in between. However, if you look at the big picture, you can still see a very clear trend. However, this also applies to the stock market:

Future price developments cannot be inferred from past prices.

Bitcoin Kurs
Bitcoin Kurs 2014–2021

Als Portal, das sich Bitcoin sowie dem ganzen Bereich der Kryptowährungen verschrieben hat, sind wir dem Thema natürlich sehr positiv eingestellt. Schlussendlich handelt es sich aber bei allen digitalen Währungen um riskante Veranlagungen, weshalb Du niemals mehr investieren solltest, als Du bereit bist zu verlieren.

Conclusion

The maximum number of Bitcoin that can ever exist is 21 million. So far, the community has managed to mine 18.9 million of them, with miners trying day and night to mine the remaining 2.1 million.

However, it is assumed that around 20% of all Bitcoins have already been irrecoverably lost. This can happen due to the loss of the private key or the death of an owner.

If you want to enter the mining business yourself, you should inform yourself in advance and be aware of the costs and risks.

Investing is an easier way to get Bitcoin quickly and profit from possible price increases. If you do not have the financial means to do so, the aforementioned no deposit bonus and faucets are a risk-free option.

en_USEnglish
TrustDice promo no deposit