2/3 of All Bitcoin Mined! | Bitcointalksearch.org

Q7

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Quote from: Hazir on March 30, 2015, 12:52:46 PM

2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower.
After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'.

Stay bullish..., the mid 2016 halving is the most bullish opportunity that trader will have, may be we will see even a small bubble...

If demand kept constant, there will be more buying pressure.
Don't get tricked by the current low price.

I always believe bitcoin price is still considered low. We should see the price slowly climbing up because the daily supply will be reduced by half. But I think the more profound effect is when the other halving occurs after the one that we expected to take place next year, which would be even more significant.

Denker

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Quote from: Hazir on April 01, 2015, 08:24:24 AM

Quote from: scarsbergholden on March 31, 2015, 12:59:39 PM

damn i would be so happy if i could own 1% of those 14m btc.

I doubt that there is single man who holds more that 1% of all bitcoins as of now. I've heard about FBI Wallet being the biggest storage of bitcoins in the world: http://www.wired.com/2013/12/fbi_wallet/
But I am not sure if that is the case now. And Winklevoss brothers hold about 1% of bitcoins and that is it. But I am still sad that price of bitcoin is so low even when 2/3 of it is already mined...

Be patient with the price. It will raise.After the last bubble a correction of 12-24 months is something we have to deal with.

Hazir

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★Nitrogensports.eu★

Quote from: scarsbergholden on March 31, 2015, 12:59:39 PM

damn i would be so happy if i could own 1% of those 14m btc.

I doubt that there is single man who holds more that 1% of all bitcoins as of now. I've heard about FBI Wallet being the biggest storage of bitcoins in the world: http://www.wired.com/2013/12/fbi_wallet/
But I am not sure if that is the case now. And Winklevoss brothers hold about 1% of bitcoins and that is it. But I am still sad that price of bitcoin is so low even when 2/3 of it is already mined...

Jeremycoin

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𝓗𝓞𝓓𝓛

So when all the BTCitcoin has mined
Is that a good thing or a bad thing???
And, can we still mine BTCitcoin?

countryfree

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Your country may be your worst enemy

I had forgotten BTC was growing fast. Nearly 4,000 BTC are mined each passing day. Ten years from now, that'll be probably down to 1,000. That's a big change.

SureLockLoans

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It's a good achievement thaat its reached this far and dont worry to new comers all Bitcoin won't be mined in our lifetime

googs84

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Yeaya

gentlemand

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Welt Am Draht

Quote from: unamis76 on March 31, 2015, 05:44:47 PM

Quote from: zeitman on March 31, 2015, 03:54:35 PM

what's the year all bitcoins are mined?

Year 2140, more or less

Code:

How long will it take to generate all the coins?
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.

https://en.bitcoin.it/wiki/FAQ

Maybe there'll be a few people here now who'll be old ghouls there to witness it having splurged their wealth on third world organs. Even if it's a total irrelevance by then I'm sure the last one will pop out of someone's computerised pants for old time's sake.

unamis76

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Quote from: zeitman on March 31, 2015, 03:54:35 PM

what's the year all bitcoins are mined?

Year 2140, more or less

Code:

How long will it take to generate all the coins?
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.

https://en.bitcoin.it/wiki/FAQ

zeitman

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what's the year all bitcoins are mined?

randy8777

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Quote from: scarsbergholden on March 31, 2015, 12:59:39 PM

damn i would be so happy if i could own 1% of those 14m btc.

you have huge ambitions haha. i would already be happy with just 1 bitcoin out of 14 million.
beside that. nothing special about it reaching the 14 million mark.

scarsbergholden

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damn i would be so happy if i could own 1% of those 14m btc.

CrackedLogic

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Quote from: teukon on March 30, 2015, 08:22:19 PM

Quote from: CrackedLogic on March 29, 2015, 03:40:34 AM

The first block halve starts sometime in July next year I think.

The second halving.

Quote from: Alley on March 30, 2015, 06:17:55 PM

... in 9 years after the third halving...

The fourth halving.

Oh yes, the genesis block. I forgot.
For those wondering: https://blockchain.info/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b

loan4

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Congratulations to miners. You have worked hard. until now, 2/3 BTC has been mined

teukon

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Quote from: CrackedLogic on March 29, 2015, 03:40:34 AM

The first block halve starts sometime in July next year I think.

The second halving.

Quote from: Alley on March 30, 2015, 06:17:55 PM

... in 9 years after the third halving...

The fourth halving.

Ron~Popeil

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Quote from: Alley on March 30, 2015, 06:22:03 PM

Home miners will have to step up or the network won't be secure.

I suspect that after the rewards fall the big miners will go the way of the dinosaurs and the small miners will be the mammals that take over. Crypto evolution so to speak.

Alley

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Home miners will have to step up or the network won't be secure.

chek2fire

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for that we are in bitcoin mining era now and i think it will end in the next years. I dont know what will happen after that era

Alley

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All these mega mines will be out of business in 9 years after the third halving unless they can profit from transaction fees which we would need millions of transactions per day which the block chain can't even handle.

chek2fire

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Quote from: nachoig on March 30, 2015, 04:56:53 PM

It just happened people!!!! Grin

https://blockchain.info/block/000000000000000002045664f89a1077d0c6c0aaa6dd89b485208cf92d6bbd30

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