Topic: 17th Million bitcoin has been mined. 4 million left to go. (Read 461 times)
I'm more interested in the question of what price will be for bitcoin, when all that can be obtained?
I think it's cool of course but when they run out what will happen next !? How transactions will be made and who will process them !
it is still a very large amount, especially since recently began to appreciate
I really don't get it why the first 17 million was mined within 9 years and the remaining 4 million is being predicted to be mined probably more than 9 years.
Bitcoin was developed to simulate scarcity, like for instance Gold. The difference is, we know exactly how many bitcoins there
will be and when the Block reward will stop. In Gold, new deposits are frequently found, so they are dealing with unknown
parameters to determine it's value. After the Block reward runs out, these miners will compete for the miners fees and we
hope that would be enough to sustain their profits.
21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
yes, that's true. but every year bitcoin will be increasingly difficult to mine
that's about what I know and discussion from friends in this forum.
although it will be more and more miners but it is not easy, especially to mine bitcoin in dire need of big power and high powered computer
This is the proof that bitcoin will not fall in price, but only go up. The number of bitcoins are constant, and those who want to buy more and more.
first of all you just bumped a very old topic.
and secondly how is that proof of never falling?! how much bitcoin is mined so far is only shows the supply of bitcoin and the fact that bitcoin has lived strongly for about 9 years. other than that it doesn't prove anything about the price. that requires "demand" to increase which happens that it is increasing but you can't make that conclusion based on this topic!
Hopefully with the next couple of halvings Bitcoin starts to approach its true value closer to $100,000.
It still a long road for bitcoin to reach this price, were not even close to half right now after those miner mined all the 21 million max supply of bitcoin it need's more supporter, investors and more demands of the wolrd to reach that price.
Just imagine what will happen when the miners will get all the bitcoins.. if everything goes smoothly, the price can soar to the skies) and it will be cool
This is the proof that bitcoin will not fall in price, but only go up. The number of bitcoins are constant, and those who want to buy more and more.
I agree with this! Since there are only limited supplies of Bitcoin and they cannot create more once the remaining 4 million Bitcoin is mined, expect that the price of it will surely goes up! So it is better to accumulate Bitcoin now while the price is still cheap.
This is the proof that bitcoin will not fall in price, but only go up. The number of bitcoins are constant, and those who want to buy more and more.
yes, but I heard that another hundred years will definitely be getting bitcoin
It is foreseeable that bitcoin will become scarce in the near future. I think this scarcity and interest in bitcoin will lead to the price of bitcoin reaching 100K, which is possible.
21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
It is true that the most efficient ASIC miners were released and I heard that bitmain already released E3 which is considered to be the most fastest miner ever made by bitmain. This miner will probably overpower the GPUs and it will make bitmain the number 1 producer of mining rig across the globe. With only 4 milion bitcoins left to mine and with the near implementation of lightning network the mining companies are on a race to mine the remaining bitcoins.
Even how fast the miner is,the important thing here is the more bitcoin mined is the slower it goes ,so meaning each bitcoin has been get is the lessen it gives tomorrow.so this mean that it till take long long time to mine all of the bitcoin in the world.so theresno issue here actually
bitcoin estimates will be habisa in tambag by 2040.
but at that time the number of bitcoins will not be complete 21.000.000 BTC because many bitcoin yng lost along with the owner.
but at that time the number of bitcoins will not be complete 21.000.000 BTC because many bitcoin yng lost along with the owner.
The price of the remaining BTC must be higher and higher, the computational power is higher and higher, but the output is lower and lower, so it is inevitable that the price will rise.
But whatever the power ASIC miners may have,bitcoin mining is set to a certain limit called halvening after which bitcoin mining gets difficult.So all the other remaining four million bitcoins would not be mined within our lifetime for sure.
21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
This will mean that bitcoin will be getting into scarcity making its price go higher. If that will be the case, those who are holding thier bitcoin are lucky enough. They can profit bigger. https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/
I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
And after all bitcoins are mined, miners will profit only on bitcoin fees right and there will be no more rewards. Are there any other ways a miner can profit from that event?
I really don't get it why the first 17 million was mined within 9 years and the remaining 4 million is being predicted to be mined probably more than 9 years.
that is one of the reasons why bitcoin prices increase every 4 years, 2020 will halve bitcoin and of course mining will be more difficult because reward per block decreases to 6.25 BTC per block, I think it takes a long time to 21 million BTC
Ehis is of course sad. How do you think in which countries the mining will be popular in the future?
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