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

zcxvbs

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Quote from: Amph on March 29, 2015, 02:14:35 AM

less coins in circulation, the more the chance that the price will rise

let's hope that the price wil rise by 2/3(i doubt lol)

2/3 Bitcoin mined and 3/4 value lost regarding to the highest price($1000).

Lauda

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Terminated.

Quote from: --Encrypted-- on March 29, 2015, 06:07:12 AM

I'll be looking forward to see the rising of the price soon. well... maybe

Quote from: calme on March 29, 2015, 03:32:31 AM

2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.

well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something.

This does not matter. People are looking at things the wrong way. We have problems that need solving right now. Worrying about events that will occur in 100 years is illogical.

Quote from: dserrano5 on March 29, 2015, 04:54:17 AM

I've been following it too, and keeping the results

.

Code:

Mon Sep 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes)
Wed Oct 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-02 12:21:02 UTC (95 weeks, 6 days, 6 hours, 20 minutes)
Sat Nov 1 12:01:01 CET 2014 Reward-Drop ETA: 2016-08-01 03:51:02 UTC (91 weeks, 1 day, 20 hours, 50 minutes)
Mon Dec 1 12:01:01 CET 2014 Reward-Drop ETA: 2016-07-31 10:01:02 UTC (86 weeks, 6 days, 3 hours)
Thu Jan 1 12:01:01 CET 2015 Reward-Drop ETA: 2016-07-31 03:11:01 UTC (82 weeks, 2 days, 20 hours, 10 minutes)
Sat Feb 7 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-30 04:31:01 UTC (76 weeks, 6 days, 21 hours, 30 minutes)
Mon Mar 2 07:31:01 GMT 2015 Reward-Drop ETA: 2016-07-29 09:41:14 UTC (73 weeks, 4 days, 7 hours, 10 minutes)
Sat Mar 28 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-28 21:21:01 UTC (69 weeks, 5 days, 15 hours, 20 minutes)

Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results:

Code:

Mon Dec 1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200
Thu Jan 1 12:02:01 CET 2015 halving on 2016-06-11 13:25:20+0200
Sat Feb 7 11:02:01 GMT 2015 halving on 2016-06-19 03:12:22+0100
Mon Mar 2 07:32:01 GMT 2015 halving on 2016-06-24 03:28:57+0100
Sat Mar 28 11:02:01 GMT 2015 halving on 2016-07-03 23:00:04+0100

Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016.

I've wanted to do that, but was always too lazy. Looking great, keep it up!

calme

sr. member

Activity: 392

Merit: 250

Quote from: --Encrypted-- on March 29, 2015, 06:07:12 AM

unless we come up with a technology to increase our lifespan or something.

http://www.calicolabs.com
http://www.sens.org
http://2045.com
http://www.alcor.org
Cool

bg002h

donator

Activity: 1464

Merit: 1047

I outlived my lifetime membership:)

The remaining bitcoins to be released are 50% of the current supply. I like having well defined bounds on inflation.

--Encrypted--

copper member

Activity: 924

Merit: 1007

hee-ho.

I'll be looking forward to see the rising of the price soon. well... maybe

Quote from: calme on March 29, 2015, 03:32:31 AM

2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.

well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something.

Trent Russell

full member

Activity: 132

Merit: 100

willmathforcrypto.com

I got a mysterious alert with this link about Qeditas:

https://bitcointalksearch.org/topic/pre-ann-qeditas-a-formal-library-as-a-bitcoin-spin-off-998559

It looks like there will be a snapshot when the 2/3 block occurs for a Peter R style spin-off. I'm glad I don't keep coins on exchanges!

mikewirth

sr. member

Activity: 532

Merit: 250

Holy shit Batman! We are running out of Bitcoin already? I haven't even got my miner from KnC yet.

Quote from: teukon on March 29, 2015, 02:52:08 AM

By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.

Also, in nearly every type of counting system, '2' comes just before '3'.

dserrano5

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Activity: 1974

Merit: 1029

Quote from: Lauda on March 29, 2015, 03:10:34 AM

Although I do think that it will come sooner, the ETA has been decreasing. Since I've been following the website, I've seen it be mid August, early August now it's late July.

I've been following it too, and keeping the results

.

Code:

Mon Sep 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes)
Wed Oct 1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-02 12:21:02 UTC (95 weeks, 6 days, 6 hours, 20 minutes)
Sat Nov 1 12:01:01 CET 2014 Reward-Drop ETA: 2016-08-01 03:51:02 UTC (91 weeks, 1 day, 20 hours, 50 minutes)
Mon Dec 1 12:01:01 CET 2014 Reward-Drop ETA: 2016-07-31 10:01:02 UTC (86 weeks, 6 days, 3 hours)
Thu Jan 1 12:01:01 CET 2015 Reward-Drop ETA: 2016-07-31 03:11:01 UTC (82 weeks, 2 days, 20 hours, 10 minutes)
Sat Feb 7 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-30 04:31:01 UTC (76 weeks, 6 days, 21 hours, 30 minutes)
Mon Mar 2 07:31:01 GMT 2015 Reward-Drop ETA: 2016-07-29 09:41:14 UTC (73 weeks, 4 days, 7 hours, 10 minutes)
Sat Mar 28 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-28 21:21:01 UTC (69 weeks, 5 days, 15 hours, 20 minutes)

Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results:

Code:

Mon Dec 1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200
Thu Jan 1 12:02:01 CET 2015 halving on 2016-06-11 13:25:20+0200
Sat Feb 7 11:02:01 GMT 2015 halving on 2016-06-19 03:12:22+0100
Mon Mar 2 07:32:01 GMT 2015 halving on 2016-06-24 03:28:57+0100
Sat Mar 28 11:02:01 GMT 2015 halving on 2016-07-03 23:00:04+0100

Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016.

snafflecoin

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Merit: 100

HAPPY 2/3rds day woo

CrackedLogic

legendary

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Merit: 1000

This 2 thirds took just over 6 years. This next third is going to take somewhere between 120-135 years from now. That's a massive jump. The first block halve starts sometime in July next year I think. After that, things become really slow.

calme

sr. member

Activity: 392

Merit: 250

2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.

LiteCoinGuy

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Merit: 1014

In Satoshi I Trust

Quote from: 50ouncebrew on March 28, 2015, 10:33:35 PM

So what will happen when its all gone Shocked

you will be dead then.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Sometimes I don't even realize how many Bitcoins have been mined. I somehow keep thinking of the supply as it was in '12/'13. Those were the days.

Quote from: teukon on March 29, 2015, 02:52:08 AM

By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.

Or 69 weeks, 4 days, 17 hours, 30 minutes to go.
http://bitcoinclock.com/
Although I do think that it will come sooner, the ETA has been decreasing. Since I've been following the website, I've seen it be mid August, early August now it's late July.

calme

sr. member

Activity: 392

Merit: 250

14 is the luckiest number that has ever existed and all people will agree. It is the number you get when unlucky 13 is over with and is like a new beginning. Kind of like how in '13 the opportunity to buy cheap BTC was taken from us but '14 made it better and everyone cheered.

teukon

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By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.

sickpig

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Merit: 1008

Quote from: Vhawk23 on March 29, 2015, 02:11:39 AM

Quote from: marcotheminer on March 29, 2015, 02:07:41 AM

Quote from: Vhawk23 on March 29, 2015, 02:03:18 AM

Wow, 2/3 Bitcoins has been mined, if it's reached 3/3....
then, no other bitcoins? so that means Bitcoin mining will die soon...
If bitcoin mining died, then mining hardware will be worthless...
so Bitcoin is limited, but not today, it will...

You will still be able to mine from transaction fees.

If we mine from transaction fees, will a new bitcoin born and given to us
Or, we just got paid from already mined bitcoin?

The latter.

Amph

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less coins in circulation, the more the chance that the price will rise

let's hope that the price wil rise by 2/3(i doubt lol)

Vhawk23

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Merit: 101

Quote from: marcotheminer on March 29, 2015, 02:07:41 AM

Quote from: Vhawk23 on March 29, 2015, 02:03:18 AM

Wow, 2/3 Bitcoins has been mined, if it's reached 3/3....
then, no other bitcoins? so that means Bitcoin mining will die soon...
If bitcoin mining died, then mining hardware will be worthless...
so Bitcoin is limited, but not today, it will...

You will still be able to mine from transaction fees.

If we mine from transaction fees, will a new bitcoin born and given to us
Or, we just got paid from already mined bitcoin?

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Quote from: Vhawk23 on March 29, 2015, 02:03:18 AM

Wow, 2/3 Bitcoins has been mined, if it's reached 3/3....
then, no other bitcoins? so that means Bitcoin mining will die soon...
If bitcoin mining died, then mining hardware will be worthless...
so Bitcoin is limited, but not today, it will...

You will still be able to mine from transaction fees.

Vhawk23

full member

Activity: 153

Merit: 101

Wow, 2/3 Bitcoins has been mined, if it's reached 3/3....
then, no other bitcoins? so that means Bitcoin mining will die soon...
If bitcoin mining died, then mining hardware will be worthless...
so Bitcoin is limited, but not today, it will...

Topic: 2/3 of All Bitcoin Mined! - page 3. (Read 4270 times)