{"id":95064,"date":"2026-03-09T17:06:16","date_gmt":"2026-03-09T14:06:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95064"},"modified":"2026-03-09T17:11:48","modified_gmt":"2026-03-09T14:11:48","slug":"fewer-than-1-million-bitcoins-remain-to-be-mined","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fewer-than-1-million-bitcoins-remain-to-be-mined\/","title":{"rendered":"Fewer than 1 million bitcoins remain to be mined"},"content":{"rendered":"<p>On March 9, the number of bitcoins yet to be mined reached 1 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"460\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-2cc7fa5e1d02c335-8281316212487648-1024x460.png\" alt=\"image\" class=\"wp-image-276468\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-2cc7fa5e1d02c335-8281316212487648-1024x460.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-2cc7fa5e1d02c335-8281316212487648-300x135.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-2cc7fa5e1d02c335-8281316212487648-768x345.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-2cc7fa5e1d02c335-8281316212487648-1536x689.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-2cc7fa5e1d02c335-8281316212487648.png 1738w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/bitbo.io\/how-many-bitcoin\/\">BitBo<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Today, more than 95% of the 21m BTC cap is in circulation. The blockchain continues to operate on a fixed issuance schedule:<\/p>\n<ul class=\"wp-block-list\">\n<li>on average, miners add 144 blocks per day;<\/li>\n<li>every 2,016 blocks are produced roughly every two weeks.<\/li>\n<\/ul>\n<p>The block subsidy halves every 210,000 blocks. <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-bitcoin-halving\">Halving<\/a> occurs about once every four years. After the event <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-undergoes-fourth-halving\">in 2024<\/a>, the reward stands at 3.125 BTC per block. The network has entered its fifth issuance epoch.<\/p>\n<p>The next reduction is expected in April\u2013May 2028. It will cut the reward to 1.5625 BTC.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"409\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-95f207931ab0eb1a-8281338963250954-1024x409.png\" alt=\"image\" class=\"wp-image-276469\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-95f207931ab0eb1a-8281338963250954-1024x409.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-95f207931ab0eb1a-8281338963250954-300x120.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-95f207931ab0eb1a-8281338963250954-768x307.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-95f207931ab0eb1a-8281338963250954-1536x614.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-95f207931ab0eb1a-8281338963250954.png 1846w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Schedule of upcoming halvings. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\/bitcoin-halving\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Miners are not expected to extract the final bitcoins until 2140.<\/p>\n<h2 class=\"wp-block-heading\">Lean times\u00a0<\/h2>\n<p>Each halving compresses miners\u2019 revenues and strains their economics. Over time, transaction fees are meant to become the primary source of income. For now, they make up a relatively small share of rewards.\u00a0<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/bitcoin\/bitcoin-miner-revenue-daily\/embed\" title=\"Bitcoin Miner Revenue (Daily, 7DMA)\"><\/iframe><\/p>\n<p>CryptoSlate, using bitcoin miner Riot Platforms as a case study, <a href=\"https:\/\/cryptoslate.com\/new-model-proves-miners-need-bitcoin-above-74k-to-break-even-on-power-but-other-costs-push-it-over-6-figures\/\">\u043f\u043e\u0434\u0441\u0447\u0438\u0442\u0430\u043b\u0438<\/a> that the electricity-only break-even price is about $74,000 per coin. Adding equipment, infrastructure, cooling, maintenance and financing, the true figure could exceed $100,000 per BTC.<\/p>\n<p>A significant share of miners are already \u201cunderwater\u201d\u2014operating on razor-thin margins or at a loss.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"498\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5408348fb491849f-8281364017344630-1024x498.png\" alt=\"image\" class=\"wp-image-276470\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5408348fb491849f-8281364017344630-1024x498.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-5408348fb491849f-8281364017344630-300x146.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-5408348fb491849f-8281364017344630-768x373.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-5408348fb491849f-8281364017344630-1536x746.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-5408348fb491849f-8281364017344630.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/pro.theenergymag.com\/overview\">TheMinerMag<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Infrastructure risks<\/h2>\n<p>Researchers at the University of Cambridge analysed 11 years of data and 68 failures on submarine communication cables and concluded that physical breaks have little effect on the Bitcoin network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just published: first study of Bitcoin&#8217;s resilience to submarine cable failures, using 11 years of P2P network data &#038; 68 cable fault events. Random cable failures are mostly harmless, but targeted attacks on 5 hosting providers could take out 95% of clearnet nodes. Authors\u2026<\/p>\n<p>\u2014 Jameson Lopp (@lopp) <a href=\"https:\/\/twitter.com\/lopp\/status\/2029891712621985903?ref_src=twsrc%5Etfw\">March 6, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The average drop in node count was 1.5%, with zero correlation to price. Disabling 10% of nodes would require cutting 72%\u201392% of all intercontinental lines.<\/p>\n<p>The vulnerability has shifted elsewhere. A targeted attack on the five largest hosting providers\u2014Hetzner, OVHcloud, Comcast, Amazon Web Services, Google Cloud\u2014could disable up to 95% of visible nodes by removing just 5% of capacity.\u00a0<\/p>\n<p>Even a complete shutdown of the <span data-descr=\"the open part of the internet accessible to users without special tools\" class=\"old_tooltip\">clearnet<\/span> would leave the network operational. Tor has become a structural layer of resilience. Its share grew from zero in 2024 to 63% today (14,602 nodes).\u00a0<\/p>\n<p>Experts also pointed to the paradox of repressive measures in China. <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-mining-in-2021-chinas-ban-reshaped-the-balance-of-power\">The 2021 mining ban<\/a> dispersed the <a href=\"https:\/\/forklog.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\">hashrate<\/a> across the globe, while rising censorship pushed operators to migrate to Tor. As a result, the network\u2019s critical vulnerability metric rose from 0.72 to 0.88.<\/p>\n<p>In March 2026, the startup Starcloud <a href=\"https:\/\/forklog.com\/en\/news\/starcloud-to-pioneer-bitcoin-mining-in-space\">announced<\/a> plans to mine bitcoin in space. The project will launch a satellite with ASIC miners on board into orbit by year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 9, the number of bitcoins yet to be mined reached 1 million. More than 95% of the 21m BTC cap is now in circulation.<\/p>\n","protected":false},"author":1,"featured_media":95065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin\u2019s remaining supply fell to 1 million as the network enters its fifth halving epoch.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,160],"class_list":["post-95064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-halving"],"aioseo_notices":[],"amp_enabled":true,"views":"209","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin\u2019s remaining supply fell to 1 million as the network enters its fifth halving epoch.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95064"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95064\/revisions"}],"predecessor-version":[{"id":95066,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95064\/revisions\/95066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95065"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}