If you're seeing this message, it means we're having trouble loading external resources on our website. The length of time it takes to mine one Bitcoin depends on the amount of the block travala crypto reward, or how many new Bitcoins are paid to crypto miners for generating a new Bitcoin block. The current block reward is 6.25 Bitcoins, and a new block is produced approximately every 10 minutes. A new bitcoin is mined on average every 1.6 minutes. He definitely could, but it probably is wise not to do so. And this is not due to the thought of “more Bitcoins harm the deflationary status of Bitcoin.” It rather has to do with regulatory reasons concerning issuing something of value, and the contractual nature of Bitcoin. To log in and use all the features of Khan Academy, please enable JavaScript in your browser.