Key facts:
With this Friday's broadcast, 85% of the total available BTC has been mined.
There are still 3 million bitcoins left to be mined and to complete the total of 21 million.
More than 18 million bitcoins are already in circulation after the night of this Friday, October 18, the BTC was issued that represents this milestone for the main cryptocurrency in the market. The figure means that so far 85% of the total 21 million bitcoins available have been mined. That is, only 3 million BTC remains to be mined.
As for the block in which the event was recorded, there are those who claim that it was reached in block 600.014, while others point out that bitcoin 18 million was achieved in block 600.002. In any case, the milestone occurred seven months after the next halving on the network, scheduled for May 14, 2020, which will reduce the mining reward from 12.5 BTC to 6.25 BTC.
According to Bitcoin Block Half figures, the hash rate or processing power of the network was approximately 96.54 trillion hashes per second (Eh / s) at the time the incident occurred, with a difficulty of 13.008.091.666.972 . In the register that statoshi.info bears it is indicated that the 18 million bitcoin was issued around 11:00 at night on Friday.
Active community
The bitcoiner community remained active in social networks to announce the expected figure and exchange opinions on what bitcoin currently represents. Both on twitter and reddit the comments revolved around adoption, its price and the energy consumption of mining.
For the Reddit user OzzTechnoHead, the bitcoin market has evolved over the years, but believes that greater use of this cryptocurrency could boost its price in the future.
“Bitcoin was new before, which attracted more and more people. Now it is well established and you have to do other things to see it increase (its price). I would say that adoption will be the biggest driver, ”he said.
On twitter @GenesisRipple raised the debate about the amount of energy used to mine bitcoins and if this will continue like this in the future. “How much time and how much power does this have / will it consume? I am beginning to think that Satoshi is really just the energy companies in a crazy plot to make money, ”it was published in the aforementioned account referring to Satoshi Nakamoto the creator of Bitcoin.
It is important to comment that every day around 1,800 bitcoins are generated at a rate of 144 blocks every 24 hours. Each block occurs approximately every 10 minutes. It is estimated that the last bitcoin will be mined in the year 2140.
This fact comes days after Wang Shenlin, sales director of Innosilicon, one of the leading mining equipment manufacturing companies, said the bitcoin mining market could demand an additional 1.5 million of equipment from the four million teams. operational today.
At the time of writing this article, the price of bitcoin was US $ 8,493, according to the Crypto News market section.
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