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Topic: 12,000,000 BTC - page 2. (Read 4348 times)

donator
Activity: 1218
Merit: 1080
Gerald Davis
November 17, 2013, 01:18:37 AM
#23
Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.


or ... miners turn off rigs and difficulty goes down.  That combined with transaction fees should make the network viable forever.  What a great solution.   Too bad Satoshi didn't think of that.  Oh wait he did.   Difficulty goes up and down based on hashpower on the network.  The network will always reach equilibrium.  
hero member
Activity: 728
Merit: 500
Crypto-ideologist
November 17, 2013, 01:13:28 AM
#22
in the middle of path .....  Smiley

newbie
Activity: 36
Merit: 0
November 17, 2013, 12:00:52 AM
#21
legendary
Activity: 2660
Merit: 1023
November 16, 2013, 11:45:04 PM
#20
just want to be in this thread
historic moment
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
November 16, 2013, 11:10:44 PM
#19
We may be at 57% coins mined, but I wonder where we are in terms of value.  What will bitcoins be worth in 100 years?  I'm guessing they'll be history then, but at least it's great to be a part of it now. Still the beginning of cryptocurreny adoption.
Peace
It's already proven that bitcoin's M0 increasing doesn't make its value decrease.
Lemme make a graph...

I like where this is going.
hero member
Activity: 697
Merit: 501
November 16, 2013, 10:38:04 PM
#18
We may be at 57% coins mined, but I wonder where we are in terms of value.  What will bitcoins be worth in 100 years?  I'm guessing they'll be history then, but at least it's great to be a part of it now. Still the beginning of cryptocurreny adoption.
Peace
hero member
Activity: 924
Merit: 1001
November 16, 2013, 10:20:36 PM
#17

So much to go still...

Will it survive until it's last coin has been mined?

Or a certain government's will crawl out of it's skin to kill it?

Stay tuned folks.
You'll be long dead by that time anyway.  (2140)
sr. member
Activity: 434
Merit: 250
November 16, 2013, 09:59:46 PM
#16
9 million btc but decades and decades from reaching that point though. <3 currency that isn't "unlimited."
sr. member
Activity: 322
Merit: 250
November 16, 2013, 09:42:26 PM
#15
Congrat, we are only 9 million BTC away until the end...
hero member
Activity: 826
Merit: 500
Crypto Somnium
November 16, 2013, 09:25:15 PM
#14
Congrats Bitcoin and all the miners  Cheesy
newbie
Activity: 57
Merit: 0
November 16, 2013, 06:15:52 PM
#13

So much to go still...

Will it survive until it's last coin has been mined?

Or a certain government's will crawl out of it's skin to kill it?

Stay tuned folks.
Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.
member
Activity: 88
Merit: 10
November 16, 2013, 06:10:59 PM
#12
We are going forward.
staff
Activity: 3332
Merit: 4117
November 16, 2013, 05:47:07 PM
#11
Damn, I missed the 11,500,000 thread. I wonder if there was one. Is the next milestone 12,345,678 bitcoins mined? Then, 13,131,313? I love numbers!

~TMIBTCITW

No. We are now going to open a thread for every 1 bitcoin mined. 12,000,000 Bitcoin is a rather nice achievement so far. It's over half. I remember a thread discussing if Bitcoin would ever get there or would people lose interest. I guess we made it beyond the half way mark!
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
November 16, 2013, 05:45:47 PM
#10
Damn, I missed the 11,500,000 thread. I wonder if there was one. Is the next milestone 12,345,678 bitcoins mined? Then, 13,131,313? I love numbers!

~TMIBTCITW
hero member
Activity: 518
Merit: 500
November 16, 2013, 05:40:16 PM
#9
Hooray for BTC we're over halfway there

over 57% in fact
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
November 16, 2013, 05:37:01 PM
#8
Nice
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
November 16, 2013, 05:36:02 PM
#7
12m mined Cheesy
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
November 16, 2013, 05:20:27 PM
#6
Quite the feat! It shall continue to grow!!
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
November 16, 2013, 05:02:07 PM
#5
Hooray for BTC we're over halfway there
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
November 16, 2013, 04:45:11 PM
#4

So much to go still...

Will it survive until it's last coin has been mined?

Or a certain government's will crawl out of it's skin to kill it?

Stay tuned folks.
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