Data: The 20 millionth Bitcoin has been mined

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ChainCatcher reports that, according to CloverPool Bitcoin explorer data, 17 years and just over two months after the Bitcoin genesis block was created in January 2009, the network has reached one of its most significant milestones: the total supply has now surpassed 20 million coins.

This milestone was reached at block height 939,999, with the current block reward at 3.125 BTC.

In November, the network had already surpassed 95% of the total supply. As the network has undergone multiple halvings, the rate of new issuance has gradually slowed. Currently, the remaining block reward is less than 1 million BTC until miners rely entirely on transaction fees.

The next halving is expected around April 11, 2028. Since each halving further reduces issuance, the remaining supply will be released at an increasingly slow pace. Analysts estimate that it will take over a century to mine the final 1 million coins, with the smallest unit, satoshi, expected to be issued around 2140.

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