For this moment the bitcoin was already mined is 18 million and we still have 3 million to be mine in the future.
In all of my wallet the total bitcoin that I have since I started I think 6-7 bitcoin and still counting.
There's anyone knownthe date when the last bitcoin will be mine or even exstimated anybody know that?
Topic: 17,800,000 BTC already mined - page 2. (Read 5695 times)
some articles estimate that bitcoin will be depleted at the mine in 2140 ( https://cryptalker.com/bitcoin-mining-end/ ), so by calculation bitcoin still has a halving 30x until the last reward at the mine. so that the 15% amount has a longer time than 85% that has been mined. but we also don't know what the future of bitcoin will be like. will either reach the last mining point. or will make a new upgrade.
There is still plenty of time and I don't think we should bother now what would happen when all coins are mined. It's so distant future that makes no sense to make any kind of predictions, if the demand will rise, if supply will be sufficient. I'm more focused on current situation.
It will still take roughly 25 more years for all bitcoins to be mined and I don't know why I'm getting excited about it im wonderint how price would move by that time.
. Have you accumulated at least 1 BTC in your wallet?
Current bitcoin mined: 17,851,062 BTC
I've accumulated well over 5 bitcoins in my wallet but not even a satoshi is left now lol due to some bills needed to pay in suprise and rush. Current bitcoin mined: 17,851,062 BTC
As soon as the last coin is mined, the price of bitcoin will grow several times.
So really, are we going to have a Bitcoin supple more and more? Is it favorable to this system for the future purpose? I have a little shock that if this mining rate is increasing day by day then the demand may face a crisis because we know that when supply is more then demand will less and when the supply is less then the demand, as well as price, is also more, In this sense, Bitcoin mining should be considered once again for the shake of this platform, I don't say that Bitcoin mining should be controlled, I know mining is good for the future but I am concern of its future prospect, nothing else.
some articles estimate that bitcoin will be depleted at the mine in 2140 ( https://cryptalker.com/bitcoin-mining-end/ ), so by calculation bitcoin still has a halving 30x until the last reward at the mine. so that the 15% amount has a longer time than 85% that has been mined. but we also don't know what the future of bitcoin will be like. will either reach the last mining point. or will make a new upgrade.
Hey guys, I want to know what would happens if all of Bitcoins are mined?
With current computational power, the last BTC will be mined in 2140. With 17 million already mined I don't think there is much benefit in mining BTC.
No, I am not that fortune to have One BTC in my wallet. Just few ethereum though
No, I am not that fortune to have One BTC in my wallet. Just few ethereum though
The hash rate is at or near all time highs which tells us there's a ton of benefit in mining BTC otherwise they wouldn't be bothering. They certainly are not doing it for fun. I'll bet most miners do not care in the slightest about what they're mining as long as the dollars keep rolling in.
Exactly, it is going to be profitable for miners even if they continue to mine even if we get past the next block halving after 2020. Because $$$ will come, bitcoin demands will definitely grow in the future so there are incentive for miners specially for those big mining company out there. Why not start to 0.01 -> 0.1-> 1 BTC goal?
Anyone noticed that we have breached 17,800,000 BTC already? Which means that 85% of all BTC have been mined. And in the next 10+ years we can all assumed that 'almost' all bitcoin is mined already. Have you accumulated at least 1 BTC in your wallet?
Current bitcoin mined: 17,851,062 BTC
Current bitcoin mined: 17,851,062 BTC
At the moment miners are rewarded with 12.5BTC per block mined. In 2020 it will reduce to 6.25BTC per block mined. There is a block reward halving every 4 years so if you do the maths the very last bitcoin will be mined in approx, the year 2140.
With current computational power, the last BTC will be mined in 2140. With 17 million already mined I don't think there is much benefit in mining BTC.
No, I am not that fortune to have One BTC in my wallet. Just few ethereum though
No, I am not that fortune to have One BTC in my wallet. Just few ethereum though
The hash rate is at or near all time highs which tells us there's a ton of benefit in mining BTC otherwise they wouldn't be bothering. They certainly are not doing it for fun. I'll bet most miners do not care in the slightest about what they're mining as long as the dollars keep rolling in.
Anyone noticed that we have breached 17,800,000 BTC already? Which means that 85% of all BTC have been mined. And in the next 10+ years we can all assumed that 'almost' all bitcoin is mined already. Have you accumulated at least 1 BTC in your wallet?
Current bitcoin mined: 17,851,062 BTC
With current computational power, the last BTC will be mined in 2140. With 17 million already mined I don't think there is much benefit in mining BTC.Current bitcoin mined: 17,851,062 BTC
No, I am not that fortune to have One BTC in my wallet. Just few ethereum though
The last Bitcoin is predicted to be mined in 2140. It sounds crazy but it seems to be real. I wonder what will happen after the last Bitcoin is mined. For example, what will Bitcoin miners do then ?
When all the bitcoin are mined then the miners will survive with the transaction fees alone, consider the price during that period and transaction fees will be more than enough for the miners to continue their activity and hopefully we will see much improved solution to include more transactions in a block, we will see changes in the future to make this function even after all the coins are mined and how this will be done is the headache of the developers as i am just an end user. 
Anyone noticed that we have breached 17,800,000 BTC already? Which means that 85% of all BTC have been mined. And in the next 10+ years we can all assumed that 'almost' all bitcoin is mined already. Have you accumulated at least 1 BTC in your wallet?
Current bitcoin mined: 17,851,062 BTC
Current bitcoin mined: 17,851,062 BTC
The last Bitcoin is predicted to be mined in 2140. It sounds crazy but it seems to be real. I wonder what will happen after the last Bitcoin is mined. For example, what will Bitcoin miners do then ?
Thinking about 2140 is like people in 1900 thinking about today, imagining all the inventions that are really just improvements on what they know instead of what they can't even comprehend like GPS and gene therapy. Think of all the unexpected inventions and change over the last 120 years and project that into the next 120. The world will be a very different place. I expect even the term 'bitcoin miner' will seem antiquated.
Anyone noticed that we have breached 17,800,000 BTC already? Which means that 85% of all BTC have been mined. And in the next 10+ years we can all assumed that 'almost' all bitcoin is mined already. Have you accumulated at least 1 BTC in your wallet?
Current bitcoin mined: 17,851,062 BTC
Current bitcoin mined: 17,851,062 BTC
The last Bitcoin is predicted to be mined in 2140. It sounds crazy but it seems to be real. I wonder what will happen after the last Bitcoin is mined. For example, what will Bitcoin miners do then ?
17.8M? and i don't have even .5 btc on my wallet poor me. I invested it on real estate for a greater purpose when all is settle i would love to invest on BTC again when it will hit 5k-8k again 
Wait for the winter period of the bear market. I am sure that Bitcoin will drop to such an indicator and you can profitably buy Bitcoin. Perhaps this will be the last chance to buy such cheap Bitcoin, because it becomes more and more popular every day
I think when all the bitcoin mined, the price getting higher and higher because if the supply was dump then the demand was still high, then the price would be unstoppable from running but it is good for the investor but dangerous from the person who buy at late.
We have now mined over 18 million bitcoins. Only about 3 million more bitcoin will be mined until 2140. The scarcity will be huge in the future when the next having will take place in about 7 months. I have not imagined that Bitcoin's block reward reduced by 50% to only 12.5 Bitcoin for 1 mined block will make miners continue to mine them.
I think that we have at least another 1 year to buy Bitcoin at the lowest possible market price. I am sure that a bear market will help us buy Bitcoins for $3-4k. But 2021 can be very successful for Bitcoin, and then it will be extremely difficult to accumulate at least 1 Bitcoin.
What do you mean by bear market? We are already in a bull run and there's no way that the price will go on $3000-$4000 range, but we can still accumulate Bitcoin at this current price range though, not that cheap but if you look to HODL on it till 2021 because it is expected that a massive bull run similar to 2017 will happen, then by all means try to accumulate and purchase at every opportunity you can get.
I think that we have at least another 1 year to buy Bitcoin at the lowest possible market price. I am sure that a bear market will help us buy Bitcoins for $3-4k. But 2021 can be very successful for Bitcoin, and then it will be extremely difficult to accumulate at least 1 Bitcoin.
I honestly do not understand his breakdown because I see no reason why it would take 121 years for the last bitcoin to be mined, it makes absolute no sense to me, if within the space of 10 years as op presumed, 17.8 million bitcoin has been mined, and the more people demand for bitcoin, the more bitcoin reduces, does he know how many bitcoin is being mined and owned in a day, so I don’t think it will take us more than another 5 to 10 years for bitcoin to be fully mined
I suggest you actually read up on what you've bought into because the lack of understanding demonstrated is unimpressive.
The production rate is baked into the protocol. It cannot be changed unless there's overwhelming consensus. Unless everyone agrees otherwise the block reward will end in 2140. That's how it's been since it was launched in 2009 and that's how it's very likely to stay.
https://en.bitcoin.it/wiki/Controlled_supply
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