How many Bitcoins are left to mine?

There are currently 12.5 million Bitcoins left to mine. This means that about 4 million Bitcoins will be mined each year until the end of 2019. Bitcoin is a cryptocurrency and public ledger technology, so as more Bitcoins are mined, the transaction speed increases and fees decrease. If you have Bitcoin or know someone who would like to start mining, there is still time! Interest in Bitcoin still continues to grow on a daily basis and there have been many new developments such as Ethereum and Litecoin development. Most important is the rise in the number of Bitcoin companies that are accepting Bitcoin for payment.

In terms of time remaining to mine:

- Since the beginning of 2014, there will be about 8 million Bitcoins mined each year.

- Since the beginning of 2011, there will be less than 3 million Bitcoins mined every year. The recent drop in price to below $500 (from over $1000) has become a catalyst for mining to increase again, catching many off guard including mining pools and exchanges.

- As of October 2015, there are about 4 million Bitcoins still in the mining block chain.

The Bitcoin network keeps a running tally of the number of transactions. When this tally reaches 12.5 million, the transaction rate will increase to make sure the next four years' worth of transactions can be verified.

When the block chain's transaction tally reaches 12.5 million, the Bitcoin network will automatically adjust to include twice as many transactions. This means that for four years, miners must mine twice as many Bitcoins before they are awarded the same number of Bitcoins.

An interesting side effect is that this will increase the mining difficulty in order to keep mining profitable at twice the current rate. This will result in an average transaction speed increasing by a factor of two so it will take about 2.5 times as long to process each block on average.

The year 2022 is approaching fast, so make sure to get your Bitcoin before the difficulty increases.

Bitcoin has become a virtual phenomenon, and it's not just the digital geeks that are interested in this new currency and payment system. In the recent past, I had witnessed a growing interest in Bitcoin from a wide range of people. They all had one thing in common: they wanted to know how to get their hands on one.

Just within the past few weeks, I have been approached by taxi drivers, takeout delivery boys, and even family members wanting to know how they could buy or sell some of this currency.

I'm not sure if this is due to the recent price rise or even the typhoon that's coming soon this weekend.

One thing is for sure; Bitcoin has become a hot topic and the interest in this online currency continues to grow.

I'm now also hearing from friends and friends of friends about how they've lost money because they were scammed, or worse, their computer was hacked.

I've tried to warn people that it's risky to invest in Bitcoin but they all say the same thing..."I can't lose because the price will keep going up.