produced 17 million BTC, when will they get 21 million?

Sam San

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Quote from: CharlieKoala on August 05, 2018, 03:55:54 AM

I think bitcoin will 21 million bitcoin in 2025 because I hear the deep more you mining the hard you get bitcoin. with the status quo now i don't think it enough to get full of 21million when we come to the years 2024.

I certainly understand everything, it is difficult to learn something new,but here were given the table links to the description of bitcoin and how can you suddenly pick and choose 2025? read learn what bitcoin is and it will bring you profit and knowledge in the future.

bitcoin mining and value by year

CharlieKoala

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I think bitcoin will 21 million bitcoin in 2025 because I hear the deep more you mining the hard you get bitcoin. with the status quo now i don't think it enough to get full of 21million when we come to the years 2024.

SaraMartin1212

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According to many sources for information. By 2140, the number of bitcoins in the world would reach 21,000 bits. I think from now on; maybe the bitcoin will not be as popular today, there will be new coins to replace them.

joshuarose

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Quote from: DragonETH on May 03, 2018, 05:23:38 AM

produced 17 million BTC, is it really we go through this schedule to 2033 will get 21 million BTC?
https://cdn1.savepice.ru/uploads/2018/5/3/2955e673bf1b327d14c20dfce0804eb9-full.jpg

the percentage of coins produced is 81%. Issue 17 million coins occurred on unit number 519,996.
Earlier forecasts gave a production of 21 million BTC in 2140. What forecasts are real and when will we get 21 million BTC?
miners have already "snatched" from the algorithm for almost six months, and this trend can continue?

if it could reach 21 million in 2140 maybe we are dead Because human life is not possible 140 years,
but I think maybe bitcoin mining could reach 21 million in 2040/2050

Sam San

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Quote from: ZahaRip on July 20, 2018, 02:31:47 AM

Quote from: Lucius on July 18, 2018, 08:17:08 AM

I see many people are confused with the basic facts included OP, all this is pre-determined and we can not have 21 million BTC tomorrow or for ten years. Approximately around the year 2140 last block should be mined (if bitcoin survive by then ), but almost 99% of BTC will be mined around the year 2032, so it is some 14 years from now. This is something what we need to focus on, that 1% of remaining coins and 100 years future event for those of us who live today is completely insignificant.

that's it in this is the main mine laid in bitcoin or we will begin to sharply double the price by 2022 when changing the payment for the block or after 2032 the cue ball will be particularly unnecessary, because miners will not work for free...

while some people think to double or not to double the price of bitcoin, others do not wait for 2022 to double the price, if it will be doubled every year the next 100 years it will be enough for us.

ZahaRip

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Quote from: Lucius on July 18, 2018, 08:17:08 AM

I see many people are confused with the basic facts included OP, all this is pre-determined and we can not have 21 million BTC tomorrow or for ten years. Approximately around the year 2140 last block should be mined (if bitcoin survive by then ), but almost 99% of BTC will be mined around the year 2032, so it is some 14 years from now. This is something what we need to focus on, that 1% of remaining coins and 100 years future event for those of us who live today is completely insignificant.

that's it in this is the main mine laid in bitcoin or we will begin to sharply double the price by 2022 when changing the payment for the block or after 2032 the cue ball will be particularly unnecessary, because miners will not work for free...

Lucius

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I see many people are confused with the basic facts included OP, all this is pre-determined and we can not have 21 million BTC tomorrow or for ten years. Approximately around the year 2140 last block should be mined (if bitcoin survive by then ), but almost 99% of BTC will be mined around the year 2032, so it is some 14 years from now. This is something what we need to focus on, that 1% of remaining coins and 100 years future event for those of us who live today is completely insignificant.

ZahaRip

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Quote from: minime0105 on July 16, 2018, 04:58:32 AM

Quote from: DragonETH on May 15, 2018, 03:01:16 AM

Quote from: Manoj94 on May 14, 2018, 07:16:55 AM

Schedule is based on no. Of blocks. After every 4 years per block reward will be half. So mining can be continue to 2160 to generate all 21 million Bitcoin.

Yes, 21 million can be extracted in 100 years, theoretically, but the main production will occur in the coming years, everything else that will remain for 100 years will be such crumbs that perhaps (500 000 BTC), it will change the entire economy of bitcoin.

Theoretically, 21 million BTC is estimated to be mined in about 100 years, but I think there's a chance this may happen sooner if the technology will rise fast enough to hash the remaining mining blocks. There's a good chance of that.

and almost 20 million will be produced in the next 30 years, then they will produce their 1 million for another 100 years. the question will be so rested for the sake of one million these 100 years?

ethereumhunter

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Quote from: minime0105 on July 16, 2018, 04:58:32 AM

Quote from: DragonETH on May 15, 2018, 03:01:16 AM

Quote from: Manoj94 on May 14, 2018, 07:16:55 AM

Schedule is based on no. Of blocks. After every 4 years per block reward will be half. So mining can be continue to 2160 to generate all 21 million Bitcoin.

Yes, 21 million can be extracted in 100 years, theoretically, but the main production will occur in the coming years, everything else that will remain for 100 years will be such crumbs that perhaps (500 000 BTC), it will change the entire economy of bitcoin.

Theoretically, 21 million BTC is estimated to be mined in about 100 years, but I think there's a chance this may happen sooner if the technology will rise fast enough to hash the remaining mining blocks. There's a good chance of that.

the difficulty of bitcoin will also increase and no matter how good your mining hardware, it will hard to get a big reward. I don't think that for waiting 100 years, we still live in this world and maybe our great children that will mine the bitcoin until it's all mined. the technology will always grow and there will be a new hardware to solve the difficulty of bitcoin but like I said, the difficulty of bitcoin will increase too.

dewildance

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I think it will be less predicted after the development of technology. Especially new graphics cards for mining can change everything.

minime0105

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Quote from: DragonETH on May 15, 2018, 03:01:16 AM

Quote from: Manoj94 on May 14, 2018, 07:16:55 AM

Schedule is based on no. Of blocks. After every 4 years per block reward will be half. So mining can be continue to 2160 to generate all 21 million Bitcoin.

Yes, 21 million can be extracted in 100 years, theoretically, but the main production will occur in the coming years, everything else that will remain for 100 years will be such crumbs that perhaps (500 000 BTC), it will change the entire economy of bitcoin.

Theoretically, 21 million BTC is estimated to be mined in about 100 years, but I think there's a chance this may happen sooner if the technology will rise fast enough to hash the remaining mining blocks. There's a good chance of that.

Philomena86

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And the blocks are quite similar, I think. The Hashrate network grows day and night and uses a two-week adaptation period, whether it can accelerate production by the two-week period or increase power.

Harribel03

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Some said, the last bitcoin will be mined in 2140. Time by time, mining of bitcoins become more complicated due to the difficulties in mining. I think there are always a division in bitcoin in a couple of years. 17 million bitcoins was already and I think it does not mean that mining of bitcoins will become easy every year. Therefore, 2033 may not be the last day for the reserved bitcoin to mine.

ZahaRip

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Quote from: DragonETH on July 05, 2018, 03:22:49 AM

Quote from: RudeeTam on July 04, 2018, 07:35:57 AM

It's quite possible to reach it by 2033, given if the number of miners increases or difficulty goes down. But anything goes in the world of crypto so we can't really tell. WHat we should be focusing on right now is the development of bitcoin and not when we will reach cap.

so the development of bitcoin depends on the miners who mine their millions of coins. 2033 is not the year when the whole bitcoin will be mined, it is the year when the mined part will be so small that it may become not interesting for miners.

if the price for the extracted bitcoin block exceeds one million dollars, then there will be those who want to extract it after 2022.

DragonETH

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Quote from: RudeeTam on July 04, 2018, 07:35:57 AM

It's quite possible to reach it by 2033, given if the number of miners increases or difficulty goes down. But anything goes in the world of crypto so we can't really tell. WHat we should be focusing on right now is the development of bitcoin and not when we will reach cap.

so the development of bitcoin depends on the miners who mine their millions of coins. 2033 is not the year when the whole bitcoin will be mined, it is the year when the mined part will be so small that it may become not interesting for miners.

Dexion

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if bitcoin is scarce, then the difficulty level of mining also becomes more difficult, and it will take a long time to reach 21 million BTC, but bitcoin value becomes more expensive.

you may take some opinions about the end of the bitcoin stocks, but I think that no one knows when bitcoin reaches 21 million.

predicting the end of the bitcoin inventory is the same with predicting bitcoin fluctuation. and that's hard.

Makka

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Quote from: Indamuck on July 04, 2018, 07:19:33 AM

Right now we are at about a 3 percent inflation rate, which is still pretty low for a new type of currency. Most fiat currency is usually around 2 percent. The reward gets halved in a couple of years so our inflation rate will be much lower and a large price rise will soon follow. It's going to take about 100 years for all the bitcoin's to be mined and by that point the price will be very high so miners will still have a big incentive to support the network.

It will be scary if bitcoin drops hard like $1,000. Some traders and investors was thinking bitcoin starts to fade slowly but I don't think it happens. I believe bitcoin will be past $7,000 before next week.

RudeeTam

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It's quite possible to reach it by 2033, given if the number of miners increases or difficulty goes down. But anything goes in the world of crypto so we can't really tell. WHat we should be focusing on right now is the development of bitcoin and not when we will reach cap.

Herbys

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Quote from: DragonETH on May 03, 2018, 05:23:38 AM

produced 17 million BTC, is it really we go through this schedule to 2033 will get 21 million BTC?

I think that this issue Bitcoin is very stretched in time, so it will not affect the cost.
Therefore, do not worry, by this time our children will grow up and these Bitcoins will be bought by them.

Indamuck

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Right now we are at about a 3 percent inflation rate, which is still pretty low for a new type of currency. Most fiat currency is usually around 2 percent. The reward gets halved in a couple of years so our inflation rate will be much lower and a large price rise will soon follow. It's going to take about 100 years for all the bitcoin's to be mined and by that point the price will be very high so miners will still have a big incentive to support the network.

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