The amount that has been successfully mined is 19 million bitcoins as of April. I tried to browse through various media related to mining, but no new releases or issues I found in November. Many experts assume that bitcoin will run out in the mines by 2023, but the opinions of many experts I found vary.
If this assumption is correct, then it is certain that bitcoin will surpass $100k in the next five or ten years, so there is no other reason than to collect bitcoins from now on, before it is too late for us to own, because the potential for Bitcoin investment in the future will be very valuable.
Topic: Bitcoin reaches 19 million BTC mined. (Read 357 times)
Quick reminder: After every single block halving, obviously the BTC that's being decreased block decreases as well. I'd like to play devil's advocate(though it shouldn't really be controversial) and say that the next halving would have less positive market effect compared to the past halvings.
So it is! With each halving, the share of new coins in the total volume is halved. Consequently, each subsequent halving has less and less effect on the market price of Bitcoin. Therefore, mining plays an increasingly smaller role in Bitcoin pricing.
I said it for the last halving and was wrong, but I might be correct for the next one, sooner or later unless the price goes and stays high enough the lack of rewards is going to kill some big mining businesses.
POOLS don't need a lot of money, yes a fair amount, but servers and such are a fraction of what it costs to have the infrastructure to run a data center full of miners.
Seriously, I was convinced that going from 12.5 to 6.25 would take out some more places then it did. But, with covid and everything else going on at the time it may have distorted some financial things.
But for the next one, since we are seeing some big mines teetering on going out of business, loosing another $60k per bock might just push them over the edge. Which is good, it would bring mining back to the people so to speak, if enough large mines shut down then home / hobby mining even if it never becomes a real source of income, at least does not stay at a just about guaranteed loss.
-Dave
So it is! With each halving, the share of new coins in the total volume is halved. Consequently, each subsequent halving has less and less effect on the market price of Bitcoin. Therefore, mining plays an increasingly smaller role in Bitcoin pricing.
So far the halving effects have always been short term and lasted for about a month or two causing a big hype in the market and then a big drop in that time. The bigger effects and the bigger rises that we see in what commonly referred to as "bitcoin cycles" is the result of growing adoption that happens for many reasons and will continue to affect the price. 
Quick reminder: After every single block halving, obviously the BTC that's being decreased block decreases as well. I'd like to play devil's advocate(though it shouldn't really be controversial) and say that the next halving would have less positive market effect compared to the past halvings.
So it is! With each halving, the share of new coins in the total volume is halved. Consequently, each subsequent halving has less and less effect on the market price of Bitcoin. Therefore, mining plays an increasingly smaller role in Bitcoin pricing.
Well, the fact never changes that the block reward will be cut into half again and so the price could be doubled from the last ATH or even more.
Quick reminder: After every single block halving, obviously the BTC that's being decreased block decreases as well. I'd like to play devil's advocate(though it shouldn't really be controversial) and say that the next halving would have less positive market effect compared to the past halvings.
All I can advise is to simply keep stacking sats. There are over 60 million millionaires globally (various sources). As we all know, there are only 21,000,000 to ever be mined. There are not close to enough whole bitcoin’s to be owned. Become one of the few & keep buying.
<...>
This article places it on block 730.000, whilst others such as the OP’s reference article and this other one place it on block 730.002. Others go on to claiming it occurred on block 730.003.The thing is, a few blocks have has oddities that occurred with the reward. For example:
Block 124724 deliberately set the reward value to 49.99999999 (missing 1 Sat – See this post)
Block 501726 claimed a cero reward (see this post)
This thread goes into further details on other blocks that claimed less than the theoretical amount.
All in all, the depicted discrepancies between theoretical rewards and real rewards is what gives a small range of blocks as the solution, depending on what one or another person took into account when performing their calculus.
At 11:21 pm on April 1st, the 19 millionth Bitcoin was mined at block 730002, mined by the SBI crypto mining pool.
Why did this happen on block 730,002? According to calculations, it should have happened on block 730,000.
Post #2
(Posting another one since my prediction is wrong.)
Usually it would take at least 2 years to mine 1M Bitcoin. There is a twist though, Bitcoin mining reward will decrease even more which would cause Bitcoin's mining rate to slow down. So there will be another half in the future so instead of 2 years, it would double to 4 years so it would take 4 years to reach the milestone of 20 million bitcoins. Then, it the bitcoin mining reward would decrease after and the bitcoin mining rate would decrease even more and it would increase more time to mine 1 bitcoin.
Everyone makes mistakes and I only know little about the halving.
(Posting another one since my prediction is wrong.)
Usually it would take at least 2 years to mine 1M Bitcoin. There is a twist though, Bitcoin mining reward will decrease even more which would cause Bitcoin's mining rate to slow down. So there will be another half in the future so instead of 2 years, it would double to 4 years so it would take 4 years to reach the milestone of 20 million bitcoins. Then, it the bitcoin mining reward would decrease after and the bitcoin mining rate would decrease even more and it would increase more time to mine 1 bitcoin.
Everyone makes mistakes and I only know little about the halving.
Lets go for 20 million. But it would take for a long time since the internet tells us that all bitcoins would be mined by 2140. So we would reach the milestone by a few decades. But in my opinion, i think that would surpass that milestone by 2027-2030.
There will be a big impact just after the 2024 halving. We saw how it did for the last halving that it had. Trends do help with the pushing of price and I think that maybe 2024 itself or 2025 would have a certainly great price again for bitcoin. Well, the fact never changes that the block reward will be cut into half again and so the price could be doubled from the last ATH or even more. Well, at this point, I just like to congratulate everyone who have been holding ever since and gone through different seasons and even the worse of it during 2018 and the other past years.
Nice milestone.
Companies come and go over the years.
Altcoins come and go over the years.
But Bitcoin continues to work for over 13 years with a bright future ahead.
Companies come and go over the years.
Altcoins come and go over the years.
But Bitcoin continues to work for over 13 years with a bright future ahead.
At 11:21 pm on April 1st, the 19 millionth Bitcoin was mined at block 730002, mined by the SBI crypto mining pool.
This is an important milestone for the development of the crypto community as well as for BTC. The maximum total Bitcoin supply is 21 million BTC and there are only 2 million BTC left unmined in the world. With the halving mechanism every 4 years, the 21 millionth Bitcoin will be mined in 2140. The next Bitcoin halving will take place around May 2024, halving until then from current levels of 6.25 BTC/block. about 3,125 BTC/block.
The bitcoin price over the past 12 hours has at some point recovered to $47,213, after falling to $44,200 on April 1 following negative regulatory news from the EU.
source: https://cointelegraph.com/news/just-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone
This is an important milestone for the development of the crypto community as well as for BTC. The maximum total Bitcoin supply is 21 million BTC and there are only 2 million BTC left unmined in the world. With the halving mechanism every 4 years, the 21 millionth Bitcoin will be mined in 2140. The next Bitcoin halving will take place around May 2024, halving until then from current levels of 6.25 BTC/block. about 3,125 BTC/block.
The bitcoin price over the past 12 hours has at some point recovered to $47,213, after falling to $44,200 on April 1 following negative regulatory news from the EU.
source: https://cointelegraph.com/news/just-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone
Jump to: