1 Million BTC left . Mine baby Mine

Miners have just reached 20 million BTC mined today, March 9, 2026.

Only the last 1 million remains to be mined!

Bitcoin was created in 2008 and from the launch of its network by the mysterious creator Satoshi Nakamoto to the point where 95% of all coins have already been mined, 17 years have passed.

Currently, the rate of “mining” new coins is about 450 BTC per day. It’s important to remember, however, that Bitcoin’s protocol includes a halving mechanism, which reduces miners’ rewards by half every four years.

What does this mean in practice?

First and foremost, there is a decreasing supply of new coins.

Additionally, some Bitcoins have already been permanently lost. Lost or damaged storage devices containing private keys, discarded drives, forgotten passwords, or even typos when entering addresses during transactions between wallets mean that some funds have disappeared from circulation forever. It is estimated that roughly 10–20% of all existing Bitcoins may have been lost in this way.

The effect? An increasingly noticeable supply squeeze — a situation where fewer and fewer coins are available on the market while demand may continue to grow.

Where do Bitcoins come from?

For the Bitcoin blockchain network to function properly, miners are needed — people with powerful computers that process millions of cryptocurrency transactions per second on the blockchain. By lending the computing power of their machines equipped with advanced graphics cards, miners receive programmed rewards in the form of new Bitcoins. The number of Bitcoins miners receive decreases cyclically every four years, so for the network to operate, the price of 1 BTC must stay above a profitability threshold, just like in any business.

According to the latest data from early March 2026, we can estimate this profitability threshold depending on the type of miner and electricity costs.

The average all-in cost of mining 1BTC can vary significantly depending on electricity prices and the type of equipment used but ranges between $80,000–$100,000 (energy + operations + equipment depreciation).

The average cost of electricity alone to mine 1 BTC is $38,000–$64,000.

This means that if Bitcoin’s market price falls below approximately $70,000–$75,000, most miners operate at the edge of profitability, at a loss, or exit the business entirely.

Modern equipment and optimization

Modern mining rigs (e.g., Bitmain S23) combined with cheap electricity (<$0.03/kWh) can remain profitable even at BTC prices of $25,000–$50,000.

Older or less efficient machines, or higher energy costs, become unprofitable when the price drops below $70,000.

Mining difficulty adjustment mechanism

When the price falls below the profitability threshold:

Less efficient miners turn off their rigs.

Mining difficulty decreases after a few weeks.

The network regains balance, maintaining reward stability and network security.

As a result, every subsequent reduction in supply and increasing mining costs make Bitcoin rarer and more valuable — and its history continues to unfold before our eyes.