The bitcoins are probably one of the hottest and trending topic on the internet when it comes to finance. A decade ago, Bitcoins were not that popular. But the fact that they provide much more security, and almost anonymity is a thing which drove and still drives more and more people to use it.
However, the fact is that there can only be a limited number of bitcoins and one day they might just simply run out. It does not appear to be a good thing, but it is the fact. These coins can be obtained by solving difficult math problems. One (a miner) gives the computer commands to solve various problems and by doing so, the miner can obtain some coins. So, if you are a miner, or if you are planning to become one of them, you will surely be interested in figuring out how many coins are being used and how many are still left to be extracted?
Maximum number of bitcoins
The maximum number of this cryptocurrency that can come into circulation amounts to 21 million. Yes, this means that at maximum, there can only be 21 million bitcoins out there. As of current stats, the value of 1 bitcoin is equal from around 650 USD to 700 USD. If all the coins are extracted, there will be nothing left, and this may lead to an increase in the exchange rate of bitcoins. The worth of a single Bitcoin can go up to enormous sums and make many of these who weren’t and are not afraid to invest in them.
Bitcoins in use
According to the stats of February 2016, there are around 15.2 million bitcoins that are in circulation. So, among 21 million, 15.2 million are already running in the market. There is a huge competition for the remaining number of coins. The 5.8 million bitcoins that are left behind are being mined by plenty of people. According to the statistics, there are over 100,000 miners that are searching for bitcoins on regular basics. Each 10 minutes, a miner is being rewarded with 12.5 bitcoin, which seems to be a great compensation for their efforts and hours of working on math problems! So, as you can see, the number of Bitcoins is limited and might one day run out. If you’re interested in starting using Bitcoin or making it an investement, now might be your chance to finally bring some altcoins to your balances.
Wondering how you could get your hands on some bitcoins? It’s easy! You can exchange your fiat money at special agents, use bitcoins ATMs, charge in Bitcoins for your goods and services… Some people have doubts about the usage of bitcoin but actually, the currency is being accepted at more and more places and special websites that accept payments in bitcoins are opening. This digital currency got so popular, that now there are even bitcoin casinos that offer players some quality entertainment for altcoins.