Topic: 17,800,000 BTC already mined - page 7. (Read 5695 times)

The slowing is logarithmic (and dramatic). While most would have already been mined, the reminder is going to come slower and slower overtime until the year 2140. Just imagine how long its going to take for the reminder, every 4 years an order of magnitude slower. Probably most people would have seen 99% of all the produced bitcoins in their lifetime.

This also allows humanity to adapt to the fact that, there won't me more bitcoins. Price will also tend to stabilize, ie. fluctuate less, and gain value more slowly than it used to. It all goes together, the design is working quite brilliantly in fact.

If (large) miners (and asic manufacturers) are sleeping in their laurels and not paying attention, they should, as they won't be able to keep their business the same anymore. Mining will shrink, you cannot escape this reality. You have a chance to shrink now amicably (or diversify your business), because if you do nothing later you might end up in the red.

In the end most of the miners left will be small hobbyists, and those who invested in renewable energy. You might still not get it now but after the next couple halvings you will probably understand. Mining is going to be too expensive, and the bitcoin price will NOT keep pace with mining to keep it profitable, its going to be less and less, and you will see that 1¢ per kw/h will be too much, even with bitcoin reaching, say 100k, because asic efficiency is soaring too among hashrate and difficulty.

Incidentally this also solves the "bitcoin is environmentally bad" (non)issue, because this (brilliant) design makes it solve it by itself thanks to market forces.

Yep! I kinda see it every day because of some market cap data/metric sure to be flashing somewhere on some site.

I know it doesn't matter to most of us, but I've seen people new to Bitcoin have their eyes pop at how close it is to getting all mined. Psychologically, just owning 1 BTC out of the 21 million possible, does seem an achievement. That was my own target -- reached, but unfortunately, often scraped at haha. Gotta live!

I had created a pool, people suggested not to share any this kind of information here. Because people may attack with personal message to hack his wallet or to get access.
I have seen more than hundreds on my wallet but bad luck is I was not a believer that time.

Keeping a bitcoin, and hopefully everything goes well or just 0.5 Bitcoin, we can imagine our future life will be better. There is nothing to disappoint about Bitcoin. Look at the chart, look at the needs, look at what they are saying and that is the truth.

At the 2032 ish halving the overall supply will be 99.21% mined. That's almost all enough for me. In less than ten years it'll be 98.5%.

It's easy to let mining slip to the back of one's mind. There's been a veritable torrent of coins arriving for many years and that's going to dwindle rapidly. It'll be very interesting to observe the effects as the production levels are something we've gotten totally used to.

Let's hope that fee market is good and strong by then.

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.

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