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Topic: 12,000,000 BTC (Read 4335 times)

legendary
Activity: 1050
Merit: 1004
November 17, 2013, 08:46:21 PM
#43
Quite amazing when you think about it. I dont even have 1 Q_Q

I just hit my second  Undecided
member
Activity: 112
Merit: 10
November 17, 2013, 08:38:57 PM
#42
Quite amazing when you think about it. I dont even have 1 Q_Q
full member
Activity: 154
Merit: 100
November 17, 2013, 06:25:31 PM
#41
11 500 000 are number to celebrate, It is a half way mining btc. Butnot half time
hero member
Activity: 630
Merit: 501
November 17, 2013, 06:19:35 PM
#40
At the time of posting, 11,999,925 BTC have been mined.
3 blocks to go before 12M, everyone get party crackers! Smiley

It will be nice once Bitcoin is worth $10,000! Heck if it gets to more than 100k that would be great too! Smiley

Rez
full member
Activity: 132
Merit: 100
November 17, 2013, 06:09:38 PM
#39
I'll just ... leave this right here.

http://www.youtube.com/watch?v=ej6T4VR11PM
sr. member
Activity: 406
Merit: 250
November 17, 2013, 06:03:19 PM
#38
Does this also mean a surge of new media reports are coming our way?  Wink
sr. member
Activity: 342
Merit: 250
November 17, 2013, 05:57:17 PM
#37
Woo! Grin
legendary
Activity: 1708
Merit: 1020
November 17, 2013, 05:39:20 PM
#36
Cool! Thanks for pointing it out.
newbie
Activity: 56
Merit: 0
November 17, 2013, 04:45:41 PM
#35
just want to be in this thread
historic moment

I am also toasting in this epic bread. 
legendary
Activity: 1652
Merit: 1016
November 17, 2013, 04:38:49 PM
#34
Nice , wish satoshi make it more than 21M bitcoin available

try Litecoin, there are 84 mio ;-)

These are just arbitrary numbers.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
November 17, 2013, 02:16:29 PM
#33
Nice , wish satoshi make it more than 21M bitcoin available

try Litecoin, there are 84 mio ;-)
member
Activity: 63
Merit: 10
November 17, 2013, 12:42:32 PM
#32
Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.
You do realise that miners collect transaction fees? In the far future the block reward itself isn't going to matter much anymore.
donator
Activity: 1218
Merit: 1079
Gerald Davis
November 17, 2013, 03:44:46 AM
#31
The last bitcoin is supposed to be mined in year 2141? Correct ?

Approximately.  It depends on how fast average network hashrate growth is.  If the network sustains a 10% per difficulty period average hashrate growth it would be more like 15 years earlier. 
sr. member
Activity: 560
Merit: 250
November 17, 2013, 02:33:37 AM
#30
Nice , wish satoshi make it more than 21M bitcoin available
hero member
Activity: 551
Merit: 500
November 17, 2013, 02:10:34 AM
#29
The last bitcoin is supposed to be mined in year 2141? Correct ?
member
Activity: 84
Merit: 10
November 17, 2013, 01:40:36 AM
#28
All looking pretty good for btc right now price is rising and bitcoin atm machines are out

Im going to be really happy when it hits 15 mill
hero member
Activity: 784
Merit: 500
November 17, 2013, 01:30:50 AM
#27
Amazing, to the next 9 million!
sr. member
Activity: 434
Merit: 250
November 17, 2013, 01:28:05 AM
#26
Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.
It is always best to learn how something is designed and how it works before you form opinions.

yeah, satoshi is one smart cookie.. would be crazy to believe that he did not plan in this event. but yeah, miners get subsidized for the proof of work (i think?), so it's not just mining "new coins."
member
Activity: 84
Merit: 10
November 17, 2013, 01:24:31 AM
#25
12,000,000 / 21,000,000 !

~~~~~
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
November 17, 2013, 01:22:27 AM
#24
Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.
It is always best to learn how something is designed and how it works before you form opinions.
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