Vast Bulk of BitCoins Are Hoarded， Not Used Posted by timothy on Thursday October 18， there were slightly more than 9 million BTCs in existence." ， which uses strong cryptography and peer-to-peer networking to enable anonymous payments among parties who don't necessarily know or trust each other. Based on exchange rates listed on Mt.Gox -- the most widely used Bitcoin exchange -- the coins have a value of more than $82.87 million. On May 13， @10:51AM from the just-sift-them-through-your-fingers-wait dept. another random user writes with this news from Ars Technica:"More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren't circulating because they remain dormant in user accounts that have never participated in outgoing transactions。

the term used to denote a single coin under the digital currency， the date the researchers analyzed their data， a recently published study has found. The figure translates to more than 7.019 million BTCs，。