20% of Bitcoin Remaining? - page 3. | Bitcointalksearch.org

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: irenegaming on May 11, 2018, 12:52:52 PM

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

There are 17 millions mined coins, how about you do a research before posting ?

Quote from: aces777 on May 11, 2018, 12:54:25 PM

4.9 million bitcoins are left. The last bitcoin will be mined in the 2140.

3.9 are left, same for you, stop posting stupid things.

Quote from: FarSeeR_H on May 11, 2018, 01:41:07 PM

And the value of the coin will be increased because it gets rear and rearer

No , this ain't a porn movie!

Quote from: jmiro1 on May 11, 2018, 01:49:23 PM

I don't we have to wait many years to mine all the Bitcoins.

Oh yes we do, till 2140.

Quote from: peymanrmi on May 11, 2018, 01:58:39 PM

as the hash rate of the network will be increased block rewards will be reduced
so by the time, the energy that used to mine a bitcoin will be increased and of course effects its price

Hashrate has nothing to do with the reward halving. The reward will halve at the same block even with 100x ot 1% of the current hashrate.
The energy needed to mine a bitcoin is not affecting the price. It's the price of bitcoin that affects the hashrate and thus the numbers of miners and the kwh needed to mine a full coin.

Quote from: HabBear on May 11, 2018, 01:28:06 PM

Quote from: evichi on May 11, 2018, 10:32:06 AM

The question is, What will be the value of bitcoin? What is the current rate of mining? Will the price go up too high because the remaining Bitcoin is small?

A better question for you is, how do you expect anyone to predict the price of bitcoin in over 120 years?

Yeah, we can't predict the price for the next 5 days and we're going to predict the price in 2140....
But I think the better question would be..."Why the hell would somebody care what the price in 2140 is going to be?"
I for sure don't give a damn.

ericmalik

newbie

Activity: 92

Merit: 0

in my opinion,We don't know what will be the value of Bitcoin by that time and it's not possible to make a good prediction.so i beleive we can raise the value of bitcoin if we stay in bitcoin and not get out of it.

franky1

legendary

Activity: 4410

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out of box thinking

2010 mindset:- theres only 18million coins left, at current prices ($0.01) thats only $180,000 of value left
2018 mindset:- theres only 400 trillion satoshis left, at current prices thats only $34,000,000,000 of value left

brickafterbrickwalldpt

full member

Activity: 294

Merit: 107

Every 4 years, the amount of bitcoins given as a reward to a miner who solved a block is halved. The predicted date of no bitcoins left to mine is something about 2140 as you said. We don't know what will be the value of Bitcoin by that time and it's not possible to make a good prediction. Bitcoin might be replaced by some other cryptocurrency in the future or simply get hacked. I think that Bitcoin value might be actually high in 2140, maybe even a few millions of dollars.

peymanrmi

newbie

Activity: 336

Merit: 0

by now 17,027,825 bitcoin mined
as the hash rate of the network will be increased block rewards will be reduced
so by the time, the energy that used to mine a bitcoin will be increased and of course effects its price

jmiro1

member

Activity: 235

Merit: 11

Since the total amount of Bitcoin is fixed, so the price will possibly keep rising. I think this is the main reason why the price of Bitcoin started to raise so high in 2017. But in this year, the price seems to stay a little lower over all compared to last year. I don't we have to wait many years to mine all the Bitcoins. When it's all mined, I think the price will become a little steady in around $10K.

onemoretime8520

member

Activity: 265

Merit: 10

The World’s First Blockchain Core

it all depends on demand because if there is too high demand there obviously there will be an increase in price but if the people lose interest it will not effect in any way.

mummybtc

hero member

Activity: 868

Merit: 500

I really don't care what the price would be then, what I care for is the number of BTC I would have in my wallet then, at least one should strive to have 1BTC because the fundamentals are very strong, we are about reaching the time when what people would be talking about would be the Satoshi which is the unit of BTC, so holding 1BTC them would be a great thing to have.

FarSeeR_H

newbie

Activity: 8

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And the value of the coin will be increased because it gets rear and rearer

HabBear

hero member

Activity: 1106

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Quote from: evichi on May 11, 2018, 10:32:06 AM

The question is, What will be the value of bitcoin? What is the current rate of mining? Will the price go up too high because the remaining Bitcoin is small?

A better question for you is, how do you expect anyone to predict the price of bitcoin in over 120 years?

The concept of supply and demand charges that if demand stays constant and supply goes down (which would happen when mining ceases) the price will stay stable. If demand is increasing and supply goes down or stays the same the price will go up.

As for the mining rate, Blockchain.info/charts has a lot of the detail you're looking for.

Mr.Dick

member

Activity: 207

Merit: 20

Quote from: irenegaming on May 11, 2018, 12:52:52 PM

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

minus all the fees of transactions going back in the pool...

terrific

hero member

Activity: 2324

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Catalog Websites

Quote from: evichi on May 11, 2018, 10:32:06 AM

The question is, What will be the value of bitcoin?

Depends on the market cap but as the supply is getting lower, value of bitcoin can go higher.

Quote from: evichi on May 11, 2018, 10:32:06 AM

What is the current rate of mining?

Compute it.
https://www.coinwarz.com/calculators/bitcoin-mining-calculator

aces777

sr. member

Activity: 686

Merit: 250

4.9 million bitcoins are left. The last bitcoin will be mined in the 2140.

Also, there is a hard cap of 21 million bitcoins. This cap on the amount of bitcoins is why it’s respected as a store of value, like gold.

But did you know that 4 million bitcoins ($USD 20 billion) have vanished already? 4 million bitcoins is between 17% to 23% of its total supply.

So there will be appreciably less bitcoins than 21 million in future.

irenegaming

full member

Activity: 476

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Kuvacash.com

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

Xester

hero member

Activity: 994

Merit: 544

Quote from: evichi on May 11, 2018, 10:32:06 AM

A report have it that out of 21million Bitcoins, 16.8 million coins have been mined (investipedia). This means 80% of the coins have been mined. That means we have fewer coins available till 2140 (when all the coins would be mined). The question is, What will be the value of bitcoin? What is the current rate of mining? Will the price go up too high because the remaining Bitcoin is small?

It is not a question of having a small amount of bitcoins but rather it is a question of the demand for bitcoin. Even if we have a small amount of bitcoin but the demand is much smaller then bitcoins value will not go up. But the community is very positive that bitcoin will really hit a huge value and will even surpass a 100k $ value in the future.

SUDARMONO

full member

Activity: 504

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It is true that there is only 20% bitcoin left to be mined until the end of 2140, and I also feel that this is a very small price and always expensive.

evichi

jr. member

Activity: 1330

Merit: 7

A report have it that out of 21million Bitcoins, 16.8 million coins have been mined (investipedia). This means 80% of the coins have been mined. That means we have fewer coins available till 2140 (when all the coins would be mined). The question is, What will be the value of bitcoin? What is the current rate of mining? Will the price go up too high because the remaining Bitcoin is small?

Topic: 20% of Bitcoin Remaining? - page 3. (Read 569 times)