which year Bitcoin will be 100% mined? - page 2.

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Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

As per the present estimate the year will 2140 when all Bitcoin will be mined. After the halving that is also being held this year and is estimated to happen in May, it will become more harder to mine Bitcoin. The more harder it becomes to mine the more its Fiat value will be. Therefore accumulate more.

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Quote from: jameshugo17 on January 06, 2020, 06:28:52 PM

In 2140 the last bitcoin will be issued. When will Bitcoin mining end? I think bitcoin mining continues. Because bitcoin transfers need to be approved. Maybe Ln becomes very common. Then another situation happens.

right, bitcoin transfers require mining to proceed, so this will continue as long as there are transactions. therefore from 2140 onwards mining will remain. especially with the ever increasing development, mining will also increase

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In my opinion, bitcoin can be mined earlier than the year 2140, since we do not know how quickly new technologies will develop.
Throw stones at me, but this is my personal opinion. Grin

You might want to correct your misconception. Bitcoin is designed so that a prescribed number are created every 10 minutes, regardless of advances in technology.

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in my opinion, if things still stay like this, it will take a long time, maybe around 50-90 years, but if things change for the better, then I can't answer that .. !!

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In 2140 the last bitcoin will be issued. When will Bitcoin mining end? I think bitcoin mining continues. Because bitcoin transfers need to be approved. Maybe Ln becomes very common. Then another situation happens.

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Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

Halving is the process to reduce the amount of funds in mined and at the same time market place will reduce due to demand and supply will grow more in the market.
We were looking for the bitcoin mined or profit with the bitcoins means everything will be turn towards the profit alone.

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Quote from: arimamib on January 03, 2020, 01:20:15 AM

Quote from: Divinespark on January 03, 2020, 12:57:01 AM

Quote from: thirdlight on January 02, 2020, 03:12:46 PM

Every year it becomes more and more difficult to produce Bitcoins, personally I think that even in 20 years it will not be possible to produce all Bitcoins, perhaps it will happen in 50-100 years.

Under the current conditions, the final bitcoins will be mined in 2140 at the rate of halving every 4 years. So we have 120 more years for bitcoin to finally be mined, but I don't know if this market will survive until that point or not. 120 years is really a long time and things will always change compared to the calculation

This simple calculation makes us think, whether the market will support or not. if the market continues to support then I think bitcoin can have a good price and applies to the opposite. we still have plenty of time to see bitcoin continue to be mined, and I hope that bitcoin growth can be comparable.

Not so sure my friend, there are too many variables to consider even with making a simple yet sensible assumption. But I would say more or less 2140 as most of the mathematicians in this website say, provided that the halving doesn't occur, that is. Now bitcoin being 100% mined might bring about good or bad results depending on how we will treat bitcoin in the future, if it's still considered an asset, it's price will pump, and demand for it will increase skyrocketing its price even more. If it's treated as a currency this might cause problems but at the very least this make the price stabler than what it is now if anything.

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Quote from: OrangeII on January 03, 2020, 10:11:16 PM

Quote from: Astvile on January 03, 2020, 07:01:24 AM

Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

The estimated year when all bitcoin will be mined is by the year 2140 ( https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/) link for reference. But before thinking of when will all remaining bitcoins be mined let's think first if bitcoin or even the world will survive by that year lol

it's long enough, and I don't guarantee that I'm still alive at that time. well, I think, because bitcoin is already more than 80% in the mine, so the rest will be faster, but it looks like halving will slow it down. however, I thought bitcoin would be finished in the mine in 202 *, but it seems I was wrong.

Me, I can guarantee that all of us alive today will not be alive by the time the last Bitcoin is mined. That is a 100% guarantee. That's 2140, exactly 120 years from now. If anybody here will live more than 120 years old, that would be very interesting to see how Bitcoin would operate after mining rewards is already gone and miners will only be dependent on transaction fees.

Halving is inherent in Bitcoin's design. That is why there is tentative year for the last Bitcoin to be mined because there is already a rough estimate to it.

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Quote from: Astvile on January 03, 2020, 07:01:24 AM

Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

The estimated year when all bitcoin will be mined is by the year 2140 ( https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/) link for reference. But before thinking of when will all remaining bitcoins be mined let's think first if bitcoin or even the world will survive by that year lol

it's long enough, and I don't guarantee that I'm still alive at that time. well, I think, because bitcoin is already more than 80% in the mine, so the rest will be faster, but it looks like halving will slow it down. however, I thought bitcoin would be finished in the mine in 202 *, but it seems I was wrong.

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Quote from: longyenthanh on January 03, 2020, 12:46:18 PM

2140 is that year. Am I the only one who is sad because none of us will be there to see that last mined bitcoin? Many of us were still alive when first bitcoin was mined. We will not be there in 2140 but bitcointalk.org and our posts will live till that date.

This is only an estimated year. Many things can happen until then - bitcoin protocol can change. Anyway, 2,860,412.5 bitcoins are left to be mined and even after the last one is shared as a block reward, this will not be the end of bitcoin because miners will keep receiving transaction fees.

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2140 is that year. Am I the only one who is sad because none of us will be there to see that last mined bitcoin? Many of us were still alive when first bitcoin was mined. We will not be there in 2140 but bitcointalk.org and our posts will live till that date.

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Quote from: kro55 on January 03, 2020, 12:31:27 PM

Since I joined this community I am hearing that by 2140 all bitcoins will be mined and there will be 21 million bitcoins in circulation by that year. The way we are destroying this planet earth I don’t think this world will be here by 2140.

with a long period of time until 2140, I think the development of bitcoin will be good too but it depends on the use of people in the future. so when bitcoin is depleted at the mine then I think prices can be higher when bitcoin becomes a necessity for financial transactions.

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Since I joined this community I am hearing that by 2140 all bitcoins will be mined and there will be 21 million bitcoins in circulation by that year. The way we are destroying this planet earth I don’t think this world will be here by 2140.

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Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

Last time I check it was only around 3million bitcoin-only that is needed to be mined, in the 18 million bitcoin so surely it was only a small percentage that is needed to be mined in the coming years,
Surely it will be more than 100 years that is needed to be mined since there are so many bitcoin miners in the world. No one really knows what is going to happened if all of this bitcoin is already mined.

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Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

The estimated year when all bitcoin will be mined is by the year 2140 ( https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/) link for reference. But before thinking of when will all remaining bitcoins be mined let's think first if bitcoin or even the world will survive by that year lol

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Quote from: BeManga on January 02, 2020, 11:06:33 AM

the fee of all the user who makes a transaction in the block will be the reward for the miner

The fact that this isn't lucrative for miners considering the expenses and maintenance so basically the transaction fee could go more higher.

Quote from: TravelMug on January 03, 2020, 01:29:51 AM

The next three halving is enough for us to see that 'almost all' bitcoin has been mined in our lifetime.

Not just for us to see but for us to see how much value it could go higher.

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Quote from: BestCryptoYear2020 on December 27, 2019, 03:05:06 AM

Is there any predicted year,
when bitcoin can be 100% mined.
Just curious to know
I think more than 80% already mined.

Estimate is around +/- 2140.

@odolvlobo has posted a good link, I suggest everyone to read it, for the record though, it will be 20999999.97690000 BTC.

As I have said here, we don't need to wait for 2140 because for sure all of us have die. The next three halving is enough for us to see that 'almost all' bitcoin has been mined in our lifetime.

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Quote from: Divinespark on January 03, 2020, 12:57:01 AM

Quote from: thirdlight on January 02, 2020, 03:12:46 PM

Every year it becomes more and more difficult to produce Bitcoins, personally I think that even in 20 years it will not be possible to produce all Bitcoins, perhaps it will happen in 50-100 years.

Under the current conditions, the final bitcoins will be mined in 2140 at the rate of halving every 4 years. So we have 120 more years for bitcoin to finally be mined, but I don't know if this market will survive until that point or not. 120 years is really a long time and things will always change compared to the calculation

This simple calculation makes us think, whether the market will support or not. if the market continues to support then I think bitcoin can have a good price and applies to the opposite. we still have plenty of time to see bitcoin continue to be mined, and I hope that bitcoin growth can be comparable.

KevinHD

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I think it wouldn't be able to reach 2140 as we are even approaching the innovations drastically fast. Hence, more probably it would only take on or before 2050 due to the reason that Bitcoin has a possibility to be replaced by other much faster coin systems.

KevinHD

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I think it wouldn't be able to reach 2140 as we are even approaching the innovations drastically fast. Hence, more probably it would only take on or before 2050 due to the reason that Bitcoin has a possibility to be replaced by other much faster coin systems.

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