let's hope you are right about that last part, but why would someone even try, so you are wrong about that.
Because they can, or they are stealing someone else's computing power or resources and doing it anyway. Zombie nets and stuff.
Topic: How many Bitcoins are left? - page 2. (Read 564 times)
Because they can, or they are stealing someone else's computing power or resources and doing it anyway. Zombie nets and stuff.
Almost is not an exact expression, at any given moment we know the exact number of mined Bitcoins, this is public data available on lots of websites, and it says that there is 18,067,062 BTC at the moment.
With the capital market been accused of false information, before I don't believe their current circulation numbers. However, I don't think to know the number of bitcoins left to be mine is something hard since we already have a site where we can find all the necessary information needed.
Had a look at that thread, and just want to repeat this one:
Yes.
The protocol allows the miner to claim any reward equal to or less than the sum of the block subsidy and all the transaction fees of all the transactions included in the block.
There's also a bunch of "no known private key" addresses ... it's not 100%, but those can't be spent either. 1CounterParty, 1xxxxxxxxxxxxxx, the "zero" address", ... (heh, yes I know you can't prove it, but pretty much someone somewhere out there is trying to, and they'll fail.)
Does a miner have choice for his reward ?
Yes.
The protocol allows the miner to claim any reward equal to or less than the sum of the block subsidy and all the transaction fees of all the transactions included in the block.
There's also a bunch of "no known private key" addresses ... it's not 100%, but those can't be spent either. 1CounterParty, 1xxxxxxxxxxxxxx, the "zero" address", ... (heh, yes I know you can't prove it, but pretty much someone somewhere out there is trying to, and they'll fail.)
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
I don't really think lost Bitcoins have some level of impact on the entire bitcoin market and the crypto market as a whole. Lost means it will never be found and will never be useful in the entire crypto space. Just like physical fiat which usually gets burnt and lost, it doesn't really matter because they are lost. Trying to know the number of Bitcoins that are lost is just a futile journey.
I think we need a different time frame to consider coins as lost, and it should be at least 5 years. Maybe even longer. 8 years maybe? Any coin that has not moved in at least 8 years, maybe could be lost.
Nope.
In just 1 more year, I'll have coins that haven't moved in 8 years. I know exactly where the private keys are and I can move them any time I want to. If that is true for me, you can be pretty confident that it is true for many other people that have coins from even longer ago than that.
Additionally, there are coins that are stashed with physical Casacius Coins which probably haven't moved (on the blockchain) for more than 9 years already today. Those coins may have physically changed hands many times and could be accessed via blockchain at any moment.
There is no way to know for sure
Correct. People really should realize this. Looking at coin movement is a horrible way to determine coin ownership.
but that's a pretty good guess.
It really isn't.
There is also that 1 satoshi that was not mined by something midnight something; essentially a block was mined and less coins were mined than the maximum allowed, so those coins never existed and are effectively lost. That's not something most miners will do of course, they'll mine what they can.
There are more than 2,000 coins that are PROVABLY lost forever (see the link in my first post in this thread)
All the analyzes that give some answers are based on someone saying that something was lost because it was not moved for x years, which is a very stupid method. Some of my coins are not moved 4 years, is that mean they are lost? 4 millions of losted coins is just an assumption based on a bad methodology, the actual figure is probably much smaller.
This! ^^^ . Exactly this! ^^^
I have coins that I have not moved since 2012. That's 7 years. I know exactly where the private keys are. I can move them any time I want to. Fortunately (unlike with a traditional bank or practically ANY other custodial service), I can store those bitcoins securely for decades and it won't cost me a single penny!
There is no exact amount to determine the number of lost bitcoin coins. what is certain is that in my opinion the missing bitcoin is only a few percent of the total bitcoin supply, so I don't think it affects the percentage of bitcoin right now.
I think we need a different time frame to consider coins as lost, and it should be at least 5 years. Maybe even longer. 8 years maybe? Any coin that has not moved in at least 8 years, maybe could be lost.
There is no way to know for sure, but that's a pretty good guess.
There is also that 1 satoshi that was not mined by something midnight something; essentially a block was mined and less coins were mined than the maximum allowed, so those coins never existed and are effectively lost. That's not something most miners will do of course, they'll mine what they can.
There is no way to know for sure, but that's a pretty good guess.
There is also that 1 satoshi that was not mined by something midnight something; essentially a block was mined and less coins were mined than the maximum allowed, so those coins never existed and are effectively lost. That's not something most miners will do of course, they'll mine what they can.
Op is talking about the lost coins, not about the total bitcoins less the mined bitcoins. So, your little task is wrong,
So, as OmegaStarScream say, around 4M bitcoins are lost, and one of those millions are satoshi coins.
So, as OmegaStarScream say, around 4M bitcoins are lost, and one of those millions are satoshi coins.
I may have misunderstood it, but that doesn't diminish the more important question, how many BTC will be available when the last coin is mined. All the analyzes that give some answers are based on someone saying that something was lost because it was not moved for x years, which is a very stupid method. Some of my coins are not moved 4 years, is that mean they are lost? 4 millions of losted coins is just an assumption based on a bad methodology, the actual figure is probably much smaller.
My little task can actually help OP to understand some things, there is no almost 18 million coins, there is an exact number of mined coins.
I get what you are saying. I would point out that both variables in the equation are constantly changing. The number of Bitcoins mined keeps increasing but the number of lost coins has to also be increasing.
I realize that we don’t know how many coins are lost but my point was to get people’s opinions about how many they think may have been lost so far. Obviously there is no way to know, but it’s fun to speculate.
Not sure how many are left since we can't really find out the exact amount now. I'm just a little worried about the lost Bitcoins, would it still be possible to retrieve them?
There is no way to retrieve the lost bitcoins, if someone has lost the private key then the coins stored there will be lost forever. Also if is impossible to find out if a wallet owner does not spend his coins. It can be either he has lost the key , or he is Holding the coins with no need to spend, or he is dead without given the private key to anyone. There is no way to judge this.
There is no exact amount on how much bitcoin was really lost by the users, but there are a lot of estimates saying that it is around 3-4million coins some say 5million.
If you are pertaining to the total supply of bitcoin, just get the total amount and the amount of mined bitcoin then subtract it and it will give you somewhere near this amount 2,931,687.5 bitcoins still left for mining.
If you are pertaining to the total supply of bitcoin, just get the total amount and the amount of mined bitcoin then subtract it and it will give you somewhere near this amount 2,931,687.5 bitcoins still left for mining.
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
According to coinmarketcap, the current Bitcoin supply is 18,068,150 which means there are 21,000,000 - 18,068,150 = 2,931,850 Bitcoin left for mining. But they won't be mined all soon because the difficulty is increased. 18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
No one knows how much coin has lost and left and I don't think there is someone who knows it here and will answer you right. I don't also think we need to know the exact amount have lost, what's more important to me here is to earn and to save it and wait until the right time comes to sell. 18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
Op is talking about the lost coins, not about the total bitcoins less the mined bitcoins. So, your little task is wrong,
So, as OmegaStarScream say, around 4M bitcoins are lost, and one of those millions are satoshi coins.
So, as OmegaStarScream say, around 4M bitcoins are lost, and one of those millions are satoshi coins.
I may have misunderstood it, but that doesn't diminish the more important question, how many BTC will be available when the last coin is mined. All the analyzes that give some answers are based on someone saying that something was lost because it was not moved for x years, which is a very stupid method. Some of my coins are not moved 4 years, is that mean they are lost? 4 millions of losted coins is just an assumption based on a bad methodology, the actual figure is probably much smaller.
My little task can actually help OP to understand some things, there is no almost 18 million coins, there is an exact number of mined coins.
Though this amount is not calculated but it's really an interesting issue that how could you know about the actual figure, I think no one can state the actual number of Bitcoin ever, because how many Bitcoin we have lost it's not a knowing issue for other, it's too difficult to figure out the original number of Bitcoin still exits. not only that but also in considering the mining issue it's not possible to see the actual figure, another thing is that there is no way to measure or any tool to find this number.
Less than 3 millions left and the last one will be minned around 2110 or something. Question here is what happens to miners when the last block will be done?
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
basically the total supply of bitcoin that we know is 21 million in total and circulating now only amounts to 18,054,212 BTC.
so it is very possible that the current available bitcoin inventory is only 2,945,788 BTC.
I don't think the data are one hundred percent accurate about the number of bitcoin lost. Since it is lost, we can't really tell the exact bitcoin a signlr person have lost. Me either don't know the exact amount if bitcoin lost but I know it's a lot... But even with the amount of lost bitcoin, we shouldn't think of it so much because it might bring negativity on us.
Many but not all of those Coinbase 50BTC rewards which were never moved even once are probably lost forever.
Besides Satoshi I am sure there were individuals who downloaded the Bitcoin core software and mined with it for a few hours or days, found a few blocks and basically said "What is the point of this" and deleted the software. Then the hard drive was upgraded or thrown out and those are lost forever.
Even if someone still has private keys to those early mined coins I am sure they would of moved them at least once for security reasons. From what I understand the early Bitcoin clients didn't have password options even for the private keys. So they were very insecure. Most would of definitely sent them to a cold storage address instead of risking them and keep them there.
Another reason is the sheer value of 50BTC which at $10K was half a million dollars, why wouldn't you take some profit at least. Most would of sold at $10 a coin or $100 or even $1000.
Besides Satoshi I am sure there were individuals who downloaded the Bitcoin core software and mined with it for a few hours or days, found a few blocks and basically said "What is the point of this" and deleted the software. Then the hard drive was upgraded or thrown out and those are lost forever.
Even if someone still has private keys to those early mined coins I am sure they would of moved them at least once for security reasons. From what I understand the early Bitcoin clients didn't have password options even for the private keys. So they were very insecure. Most would of definitely sent them to a cold storage address instead of risking them and keep them there.
Another reason is the sheer value of 50BTC which at $10K was half a million dollars, why wouldn't you take some profit at least. Most would of sold at $10 a coin or $100 or even $1000.
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.
18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
Until now I still do not know how much bitcoin has actually been lost because very little information can be extracted related to it. Maybe some of the missing are now in the exchange or the market. 18 million - lost coins = ?
My question is how many Bitcoins are left, which is really a question of how many have been lost?
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