It's estimated about half of the 21 million will be crunched out by 2013 and about 3/4th of the total by 2017.
It'll take about ten years to create all 21 million and we're only a quarter of the way so far.
Unless the currency is devalued to nothinginess or banned, there's a good chance all 21 million will be made.
Topic: Re: Where does the money come from when mining? (Read 647 times)
The difficulty (and therefore cost) of solving the problem is automatically reduced by the system if people stop mining.
I don't feel too bad asking such a newbie question, this being the newbie forum, so: what happens then? Is there an "Official Plan"?
I might add that directions to where these questions might be answered are also gratefully accepted.
What is the actual likelihood that all of these 21 million BTC will be found? It seems to me, and I am not a mathematician, that at some point the time and cost of mining will be greater than the value of the bitcoins left to be found. I don't feel too bad asking such a newbie question, this being the newbie forum, so: what happens then? Is there an "Official Plan"?
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