Topic: How many BTC is in circulation? (Read 438 times)
Just check this chart
Your question is not simple. And it may actually contain several correct answers. It is necessary to create some arbitrary parameters. For example:
- Consider as in circulation only the bitcoins that were moved after BCash's fork.
- To consider as circulation only the quantity of Bitcoins in addresses that have been opened or moved in the last 4 years.
- Consider as in circulation any address that has been used more than once, that is. It would exclude those that were used by miners in the beginning.
Theres no accurate number on how much was the total amount, there were initial calculation only but I think it wasnt as close as the real amount. Cases like loss doesnt always have reports. What is important, is we still have huge amount in the circulation today as we close to mine all Bitcoin.
From Coinmarketcap, there are 17,530,775 BTC available in circulation. But what is the actual amount excluding the lost BTC? How much BTC have been lost until now? Is there any reported/proofed list of lost BTC amount/addresses?
Correct me if i'm wrong.but think there is now way that we will know of how much Bitcoin have been loss and exactly circulated unless if there is independent group or organizations that will do this kind of monitoring activities but still it is difficult job as we are millions of users worlwide. Unlike fiat that they have a Central Banks that will audit there money but there is none for Bitcoin currency specially that it was a centralized in nature.
It is very difficult to predict because not always the losses of BTC are reported. So there is no way to fire Bitcoin if they were not counted anywhere. There are a lot of platforms, probably who lost Bitcoin because they forgot their passwords or technical motions. These Bitcoins can not be counted anywhere. However, the subject is very interesting!
AFAIK, that lost Bitcoin will be mine by those miners. So if ever there's an amount or certain loses it will recover by the mining process.Exactly, we don't know what the exact amount of lost Bitcoin. But why we would worry about that as long as we have something to hold you'll be fine.
You can't mine Bitcoins that already been mined one time before, there's no double spending in bitcoin. Lost bitcoins are truly lost.
However it would be an idea if miners in 25 or 30 years from now when the block reward starting to be very low, was allowed to be payed from dead bitcoins, a dead bitcoin tax of around 0.01 or even less a year, on bitcoin that havn't been moved since 2009, would be an idea to pay for the worlds biggest blockchain, this would keep the blockchain alive and keep the transactions fees low.
There are no exact figures. But I read somewhere that there are about 14 million bitcoins in circulation. But this is not accurate data because we do not know the exact number of bitcoins lost.
Yup. We need to find the number of INACTIVE bitcoin accounts and count the bitcoins inside.
There are no exact figures. But I read somewhere that there are about 14 million bitcoins in circulation. But this is not accurate data because we do not know the exact number of bitcoins lost.
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Neither Coinmarketcap or Satoshi himself can tell you the actual amount of Bitcoin in circulation although the only stats they know and it's universally known is Bitcoin has a total supply of 21million coins.
Along the 10 successful years of Bitcoin existence, there have been case of early adopters losing their Bitcoin because they either forget password or private key to their wallet and we have also seen cases of stolen or hack Bitcoin etc therefore the actual circulating supply of Bitcoin can't be stated because it will just be an assumption.
Along the 10 successful years of Bitcoin existence, there have been case of early adopters losing their Bitcoin because they either forget password or private key to their wallet and we have also seen cases of stolen or hack Bitcoin etc therefore the actual circulating supply of Bitcoin can't be stated because it will just be an assumption.
There is no right statistics on how much bitcoin have been lost and it only when we have that we can state how much bitcoin is in circulation's. But the initial amount of bitcoin in circulation's both the ones stolen or lost is 21 million bitcoin.
What was their criteria beyond the coins not having moved? Beyond burner addresses and publicly known events like that Polish exchange that deleted its private keys that's all they have to go own in most cases. I've got coins that haven't moved for over five years. They certainly ain't lost.
have you ever moved the bcash or other forks associated with your keys? apparently they mined a lot of data from that
That's interesting. I'm not sure why that never dawned on me. When Bitcoin Cash forked, people started sweeping keys to recover and sell the coins. Unless those sweeps were done extremely carefully, the hard forks probably handed Chainalysis an incredible amount of address clusters and transaction history on a silver platter!
On top of risking malware, people take big privacy risks to recover hard forked coins.
It is very difficult to predict because not always the losses of BTC are reported. So there is no way to fire Bitcoin if they were not counted anywhere. There are a lot of platforms, probably who lost Bitcoin because they forgot their passwords or technical motions. These Bitcoins can not be counted anywhere. However, the subject is very interesting!
AFAIK, that lost Bitcoin will be mine by those miners. So if ever there's an amount or certain loses it will recover by the mining process.Exactly, we don't know what the exact amount of lost Bitcoin. But why we would worry about that as long as we have something to hold you'll be fine.
It is very difficult to predict because not always the losses of BTC are reported. So there is no way to fire Bitcoin if they were not counted anywhere. There are a lot of platforms, probably who lost Bitcoin because they forgot their passwords or technical motions. These Bitcoins can not be counted anywhere. However, the subject is very interesting!
Don't think anyone can answer this question surely because not all losses reported but we know many wallets lost, anyway, we have only 21.000.000 max supply which is very low and if every millionaire would buy one btc then most of them cant do it because we have much more millionaires than the maximum supply of BTC.
you are right, I strongly agree. and do not know who to report to. while the research carried out is only based on inactive wallets with a large amount of balance. I have experienced a failed transaction sending bitcoin, the number of transactions is only 0.008btc, shipping from wallet exchange to the blockchain, I have tried reporting to the exchange, the problem has not been resolved, and not only I have experienced, I am sure there are a lot of users which might be much smaller. and that will not be recorded in expert research data. this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value.
interesting to see how many bitcoins are inactive for 9+ years.I found an article while I was completing my homework, author mentioned almost a total of 3380582 bitcoin was never touched since the its first transaction. He created a spreadsheet as well- https://www.reddit.com/r/Bitcoin/comments/2twrs7/all_42400_dormant_bitcoin_addresses_with_a/
Until now, the amount is approximately 4 million.
I have visited the link you shared, I have read everything, all the information that I can not conclude the wallets part of the lost bitcoin, it's true that the wallet was not touched for a long time, no suspicious activity. it may be that the owner loses access, but there is still a possibility that he indeed saves. Until now, the amount is approximately 4 million.
Don't think anyone can answer this question surely because not all losses reported but we know many wallets lost, anyway, we have only 21.000.000 max supply which is very low and if every millionaire would buy one btc then most of them cant do it because we have much more millionaires than the maximum supply of BTC.
interesting to see how many bitcoins are inactive for 9+ years.
I remembered mining some BTC on my long-sold laptop circa 2010.
Just like those in the abyss, now they're history.
Of the 21 million bitcoins, about 16.74 million (or 80%) are in circulation, and the rest are still to be excavated by miners. The miners'mined money can be traded on the Exchange of Currency Digital Money. So far, four million bitcoins have been left in one corner.
this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value.
interesting to see how many bitcoins are inactive for 9+ years.
Until now, the amount is approximately 4 million.
this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value.
interesting to see how many bitcoins are inactive for 9+ years.
this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value.
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