How many bitcoins are there?

Bitcoin Icon

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.

For this you will be rewarded with Bitcoin blocks. You only get this if you are the first person to solve the math problem. The whole process takes about 10 minutes, then it restarts.

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, (December 2021) around 18.9 million Bitcoin have been mined, after which around 2.1 million are 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 several options:

Exchanges for cryptocurrencies

So, if you have some cash on hand that you would like to invest, you can purchase Bitcoin or other cryptocurrencies through 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 for you in detail:

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 find a person who is willing to sell you the desired number of cryptocurrencies.

While this sounds good in theory, it creates a trust issue. In an actual exchange, you must 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 offer a no deposit bonus in cryptocurrencies. All you have to do then is clear this bonus, and you 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.

Information

Important: The mentioned no deposit bonus is an exclusive offer for visitors of this site. You can only qualify for this program if you follow a link from this page.

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 ultimately be in circulation. On the contrary: Due to the private wallets and high security regulations, there are numerous documented cases in which many Bitcoin has been lost. It's almost impossible to recover.

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.


Warning Sign

Caution: Bitcoin and other cryptocurrencies have been lost several times in the past. Protect your assets 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.

Is it too late to invest in bitcoin?

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 price 2014-2021

As a portal dedicated to Bitcoin and the entire field of cryptocurrencies, we are naturally very positive about the topic. Ultimately, however, all digital currencies are risky investments, which is why you should never invest more than you are willing to lose.

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.

Es wird allerdings davon ausgegangen, dass rund 20 % aller Bitcoins bereits unwiederherstellbar verloren gegangen sind. Dies kann durch den Verlust des Private Keys oder den Tod einen Besitzer passieren.

If you then want to get into 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 benefit 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