Topic: Bitcoin is going to hit the big 12 pretty soon. (Read 1311 times)
Its not like the payout would halve at that time......
ooo ever so slightly bullish news
That is the 12 millionth bitcoin mined.
The coin supply will reach 12,000,000 BTC (~$2.4 billion at current exchange rate) on block 270,000 or about 3,200 blocks from now.
When will it happen?
At 10 minute per block interval (no hashrate growth) it will be ~ 21 days.
At current average block interval (~7 min per block) it will be ~14 days.
Interesting factoid, at 12M BTC in circulation it will only require an exchange rate of ~$217 to make an all time high in the value of the money supply (incorrectly called "market cap"): $2.61B
The coin supply will reach 12,000,000 BTC (~$2.4 billion at current exchange rate) on block 270,000 or about 3,200 blocks from now.
When will it happen?
At 10 minute per block interval (no hashrate growth) it will be ~ 21 days.
At current average block interval (~7 min per block) it will be ~14 days.
Interesting factoid, at 12M BTC in circulation it will only require an exchange rate of ~$217 to make an all time high in the value of the money supply (incorrectly called "market cap"): $2.61B
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