The 18 millionth bitcoin was mined on Saturday at 4:48 am and paid as a reward to the miner who was allowed to add block 600,164 to the blockchain. This is also a great opportunity to congratulate YouTuber Cheflike. He came closest with his prediction and wins a Ledge Nano S. But that aside.
Finally 18, finally mature?
Glassnode focuses on performing analyzes on the blockchain. And now the company is posting a festive tweet in honor of the 18 millionth bitcoin.
18 million #bitcoin have been mined until today.
This took 3935 days.
Here’s the time to reach other 18 million on-chain milestones on #Bitcoin ? pic.twitter.com/B2jt4nTxps
– glass node (@glassnode) October 19, 2019
18 million milestones
We would also like to think about this. The graph above indicates that it took 3935 days to mine 18 million bitcoins. But there were also beautiful milestones for that. For example, 18 million transactions have already been carried out on the blockchain itself (not including lightning network), an 18 million dollar market cap was already reached on 30 April 2011, 18 million spent on mining fees and much more. The list states the following and how many days it took to reach the milestone:
- 654 days to reach 18 million bitcoin on-chain volume
- 828 days to reach a volume of USD 18 million
- 841 days to achieve $ 18 million in market capitalization
- 880 days to reach $ 18 million on-chain volume in one day
- 1336 days to reach 18 million on-chain volume in bitcoin in one day
- 1370 days to formulate 18 million transactions
- 1589 days to hit 18 million on-chain transactions
- 1710 days to reach 18 million network addresses
- 2880 days for the network to pay $ 18 million in mineral fee
- 3094 days to reach 18 million addresses that actually contain bitcoin.
- And then of course the latest statistic from 3935 days to mine 18 million Bitcoin.
Now that we know that 18 million bitcoin have been found, it is a simple calculation to know that only 3 million bitcoin can be mined. Many bitcoinners are curious what the course of bitcoin will do towards the halving, and afterwards. At the previous halving, the price prior to the event increased by a factor of 2.3.
Also read our bitcoin price forecast for 2020.
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