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Bitcoin => Bitcoin Discussion => Topic started by: anushkasachith888 on January 08, 2018, 11:05:50 AM



Title: Increasing Bitcoin supply
Post by: anushkasachith888 on January 08, 2018, 11:05:50 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance


Title: Re: Increasing Bitcoin supply
Post by: Almat on January 08, 2018, 11:07:46 AM
It is technically possible, but doing so would negatively impact the price. It is likely never going to happen.


Title: Re: Increasing Bitcoin supply
Post by: silverstar43 on January 08, 2018, 11:54:17 AM
bitcoin also block reward halving every 4 years.
http://www.bitcoinblockhalf.com


Title: Re: Increasing Bitcoin supply
Post by: Mandoy on January 08, 2018, 12:00:42 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.


Title: Re: Increasing Bitcoin supply
Post by: LogitechMouse on January 08, 2018, 12:15:51 PM
Based on the documentaries that I had watched in youtube, there is only 21M bitcoin only and it will not be increased anymore unless, there is a way that it can be increased. Increasing the supply of bitcoin will give a negative effect to us investors.


Title: Re: Increasing Bitcoin supply
Post by: jtipt on January 08, 2018, 12:19:52 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Block rewards gets halved every 4 years and eventually it will become ~0, AFAIK it will he around 2132 or something. But I think most of BTC will be mined a lot before that.


Title: Re: Increasing Bitcoin supply
Post by: Sundark on January 08, 2018, 12:31:49 PM
As it was said above increasing Bitcoin supply will lead to its deflation. It's logic due to economical rules. When there is a lot emission of currency it's inflation that causes drop in price. If there is no emission currency price is eventually going up.


Title: Re: Increasing Bitcoin supply
Post by: SrEasts on January 08, 2018, 12:36:14 PM
As stated before, it is possible, although VERY unlikely. It's not in the best interests of any bitcoin owner to increase the supply, due to the fact and it will only devalue their investment. That being said, most likely almost no one would accept those type of changes.


Title: Re: Increasing Bitcoin supply
Post by: btcprospecter on January 08, 2018, 12:38:49 PM
It would be a very bad idea to try and increase the supply that is one of the main reasons for the value of bitcoin it is a limited supply which is actually less than the 21 million with the amount of lost coins out there.


Title: Re: Increasing Bitcoin supply
Post by: zhekinsp on January 08, 2018, 12:39:29 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Increasing the bitcoin supply will leads to the decrease in the price because the price of bitcoin is high because the demand is high and the supply is low.If someone increased the supply it will dilute the demand and the price also will fall.
I think bitcoin limited amount can be increased by the creator if he wants but if he does then price will hardly fall so I hope bitcoin amount will be 21 million forever.


Title: Re: Increasing Bitcoin supply
Post by: nightmanisrightman on January 08, 2018, 12:42:47 PM
Not unless you change the way Bitcoin was set to be released and this is an awful idea. It isn't bad because the supply changes necessarily but it is bad because you would have a lot of confidence lost and that is literally the last thing you want in an newly emerging asset class.


Title: Re: Increasing Bitcoin supply
Post by: Kez1817 on January 08, 2018, 12:52:55 PM
      It is possible to increase the supply of bitcoin but it leads to the deflation of bitcoin and it will become worthless because when the supply increase the price decrease. If it will happen bitcoin will not be valuable and gaining profit will stop. That's why there is only a fixed amount of bitcoin to be mine.


Title: Re: Increasing Bitcoin supply
Post by: ObroQ on January 08, 2018, 02:06:59 PM
Increasing the amount of available/ minable bitcoins will have a direct impact on it's price. If the Supply is higher than the demand, the price will drop and vice-versa. The point is it's not a good idea to increase the Bitcoin cap.


Title: Re: Increasing Bitcoin supply
Post by: abduljacklu on January 08, 2018, 02:11:46 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Well there some speculation that BTC supply isnt really 21M,it maybe more but who knows? we need 150years to mine all of these coins.


Title: Re: Increasing Bitcoin supply
Post by: penig on January 08, 2018, 02:16:15 PM
Well there some speculation that BTC supply isnt really 21M,it maybe more but who knows? we need 150years to mine all of these coins.

No speculation, its in the coding.

We dont need to increase supply of bitcoin, simply accept a smaller amount of bitcoin or use an alternative.  


Title: Re: Increasing Bitcoin supply
Post by: Siopao on January 10, 2018, 10:33:18 PM
This is possible, people can mine more bitcoin to add up with the existing. However this will greatly affect the current price if bitcoin negatively. It will cause to even more decreasing value of bitcoin so better to stay at 21M


Title: Re: Increasing Bitcoin supply
Post by: BtcBling on January 10, 2018, 11:01:25 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Currently, the block rewards are 12.5 Bitcoin, after 4 years it will cut into halves 6.25 Bitcoin and after another 4 years it will cut in into halves again from 6.25 to 3.125 Bitcoin. The total number of 21 million Bitcoin is just fine because the value is higher and it will keep higher due to the scarcity of the coins which is good for us investors.


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 10, 2018, 11:06:44 PM
There seems to be a lot of confusion about this very simple topic.

Is it possible to exceede 21million bitcoin by "mining more coins"?

No, absolutely not, in any way at all. This is phisically impossible. The very protocol, the logic of Bitcoin does not allow for 21 million bitcoin to be mined. With reward halving every n block, rewards will tend to 0 relatively soon, and wll become completely irrelevant (indeed, at one point there will be no coin generation for mining reward at all). At that point, just shy of 21million coins, there will be no way to generate even 1 satoshi, no matter how many terahash you send Bitcoin's way.

Is it possible to modify the fundamental logic of Bitcoin to increase maximum supply?
Yes, but pratically no.

Bitcoin's source is available, and we have seen plenty of people take advantage of this spinning of arbitrary Forks here and there. Bitcoin Cash is a great example. shares Bitcoin's history until a certain block, then deviates. It's an altcoin, it has nothing to do with Bitcoin. The fact that is basically used a "snapshot" of BTC to kick-start everything is nothing more than a convoluted airdrop.

So, someone could easily take the source code, and choose to make the new limit of minable coins 1 trillion. BUT, this would not be bitcoin. for it to be bitcoin, the community at large would have to accept it and recognize it as bitcoin (i.e. change client in order to take part in this new fork). Considering it will most likely have a negative impact on prices, it's easy to imagine that a vast majority of us Bitcoiners will refuse to take part of such a stupid experiment.

We will end up with Bitcoin (normal), and TurkishLiraBitCoin. Nobody's going to let an increase in supply through to mainnet.


Title: Re: Increasing Bitcoin supply
Post by: HeRetiK on January 10, 2018, 11:07:33 PM
[...] Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Why would one want to increase the Bitcoin supply?


It is technically possible, but doing so would negatively impact the price. It is likely never going to happen.

It would simply lead to a hardfork that will likely find no community acceptance -- meaning the original side of the fork will stay dominant, leaving increased-supply-Bitcoin-hardfork as an alt. It follows that the price of unchanged-supply-Bitcoin might stay largely unaffected while increased-supply-Bitcoin will be left in the dust.


Title: Re: Increasing Bitcoin supply
Post by: reymartH on January 10, 2018, 11:09:20 PM
The reason there is a cap to the amount of Bitcoins is to create a design that should increase in value longterm as opposed to decrease forever as FIAT does. No one would want to invest in a new currency that was designed to decrease in value.


Title: Re: Increasing Bitcoin supply
Post by: zorchy on January 10, 2018, 11:11:51 PM
At bitkoyna every year produced 1 million Tokens, and while he has a ceiling .. Alts in this plan are much more significant in quantity. ;)


Title: Re: Increasing Bitcoin supply
Post by: usahaali02 on January 10, 2018, 11:21:16 PM
Whatever the money, whether it's digital money, fiat money or anything, there must be fluctuations. So if bitcoin is supplied a lot, then we should get ready to see bitcoin prices go down.


Title: Re: Increasing Bitcoin supply
Post by: batang_bitcoin on January 10, 2018, 11:24:44 PM
As the supply is not too big
21 million supply isn't a big one? How come? That's millions and if you are thinking about the number of people that has bitcoins and you are widening the users that will cover the world's population. It can be divided to fractions and bitcoin's value will increase by that time.

Is it impossible to increase the bitcoin supply mining new bitcoins further more ? 
No, it's fixed.


Title: Re: Increasing Bitcoin supply
Post by: xxx3 on January 10, 2018, 11:33:18 PM
Increased supply of bitcoin will lead to falling prices because bitcoin prices are high because demand is high and supply is low. If someone increases the supply it will dilute the demand and the price will also fall, I think the limited amount of bitcoin can be increased by the creator if he wants but if he does then the price will not fall so I hope the bitcoin amount will be 21 million


Title: Re: Increasing Bitcoin supply
Post by: shield132 on January 10, 2018, 11:54:34 PM
Not unless you change the way Bitcoin was set to be released and this is an awful idea. It isn't bad because the supply changes necessarily but it is bad because you would have a lot of confidence lost and that is literally the last thing you want in an newly emerging asset class.
If we change the number of bitcoin supply, believe me, it won't be done indeed for necessarity, some people will make big money and crash coin forever. Also don't forget that there isn't bitcoin on this type: 1, it can be 0.1, 0.00001 and finally 0.0000001. So there won't be so high price to be a need of adding additional bitcoins, never.


Title: Re: Increasing Bitcoin supply
Post by: ihaveaquestion on January 10, 2018, 11:55:49 PM
Bitcoin's supply will always be the same, i do not understand why you all are always asking the same crap because we all know that it can never be changed, doesn't matter what.
It will always be 21 millions of bitcoins on the total circulation, what is wrong with you? Everybody knows that.


Title: Re: Increasing Bitcoin supply
Post by: Suzrtt on January 10, 2018, 11:56:34 PM
As you rightly said, a fixed supply results in an increasing price as time passes. Creating new coins will drastically reduce the price of BTC so there is really no point doing that.


Title: Re: Increasing Bitcoin supply
Post by: marcuslong on January 11, 2018, 01:05:16 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 11, 2018, 01:16:23 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.

Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years. because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.


Title: Re: Increasing Bitcoin supply
Post by: Ray3z on January 11, 2018, 01:19:09 AM
It is technically possible, but doing so would negatively impact the price. It is likely never going to happen.

The developer can do such thing without information so how i can we notice that bitcoin supply will never be increasing? I have no idea about this.
However, if the supply increase, it will make the trust to bitcoin loss forever.


Title: Re: Increasing Bitcoin supply
Post by: Rate on January 11, 2018, 01:23:41 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

I thought this is possible but I expeting to bitcoin it will not increase the supply.
I am wondering what will happened to bitcoin if this is no longer to mine, who will confirm our transaction?


Title: Re: Increasing Bitcoin supply
Post by: Stigmooo on January 11, 2018, 02:04:03 AM
Many people now are investing to bitcoin..the more investments the higher the supply..


Title: Re: Increasing Bitcoin supply
Post by: AnisahSiti on January 11, 2018, 02:07:46 AM
It is technically possible, but doing so would negatively impact the price. It is likely never going to happen.

Yups... this is true. the bad impact if Bitcoin supply increases Bitcoin will dead slowly,


Title: Re: Increasing Bitcoin supply
Post by: eann014 on January 11, 2018, 02:10:35 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.
So bitcoin will disappear soon? What do you mean  of lets just accept the current bitcoin as it is? If there is only 21 million and that is really it is, is that mean bitcoin will going to be zero in the future? Maybe bitcoin supply will also increase especially if therr are also a lot of us will mine.


Title: Re: Increasing Bitcoin supply
Post by: Drunkenhorse on January 11, 2018, 02:12:18 AM
Not a good idea to change a supply, that's the whole point of Bitcoin that it is limited and similar to gold from that point of view. Changing it, would create  problems in trust.


Title: Re: Increasing Bitcoin supply
Post by: mung_nasib on January 11, 2018, 02:12:26 AM
I do not think the benchmark bitcoin added again because it has been applied since the first stock of coins should be so continuous. Therefore sometimes the selling price is very high when there are many requests simultaneously.


Title: Re: Increasing Bitcoin supply
Post by: RoccoSiffredi on January 11, 2018, 02:24:24 AM
I'm afraid you should do a bit of study so as to understand how the mechanism of Bitcoin functions, supply etc. And then, every altcoin has their own criteria.


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 11, 2018, 02:28:13 AM
So bitcoin will disappear soon? What do you mean  of lets just accept the current bitcoin as it is? If there is only 21 million and that is really it is, is that mean bitcoin will going to be zero in the future? Maybe bitcoin supply will also increase especially if therr are also a lot of us will mine.

The number of people mining is wholly irrelevant. If one billion people were mining, there would still only ever be a maximum of 21 million BTC available. that's a hard limit. Miners are irrelevant.

The developer can do such thing without information so how i can we notice that bitcoin supply will never be increasing? I have no idea about this.
However, if the supply increase, it will make the trust to bitcoin loss forever.

If a developer were to increase supply, he would break consensus and blocks generated by such a piece of software would be rejected by anybody opposed to it--which I assure you will be the majority of Bitcoin users. Developers can change the software but they can't force everybody to switch to that new version.


Title: Re: Increasing Bitcoin supply
Post by: kristensoto on January 11, 2018, 02:40:45 AM
i dont say it is possible but if bitcoin is created more than 21 million, surely inflation will occur making bitcoin value drop very quick and no one will ever want to use bitcoin anymore, so keeping the supply of bitcoin is 21 million is very important that we must do for our sakes.


Title: Re: Increasing Bitcoin supply
Post by: Al-e_x on January 11, 2018, 03:03:22 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
If I read in the article, There are only 21 million bitcoin alone, If it will increase, it will change the original design of nakamoto satoshi and it will negatively affect the price. So we better accept what it is only.


Title: Re: Increasing Bitcoin supply
Post by: zoose on January 11, 2018, 03:07:04 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

There have been many discussions about this and it can be done. But that would be one hell of a battle!


Title: Re: Increasing Bitcoin supply
Post by: indopool on January 11, 2018, 03:14:55 AM
i dont say it is possible but if bitcoin is created more than 21 million, surely inflation will occur making bitcoin value drop very quick and no one will ever want to use bitcoin anymore, so keeping the supply of bitcoin is 21 million is very important that we must do for our sakes.


Title: Re: Increasing Bitcoin supply
Post by: Bkjones on January 11, 2018, 03:19:52 AM
Hey i am bkjones :) ! As i know Bitcoin supply increases when its demand gona increases because in today condition some much peoples know about Bitcoin but everyone haven't knowledge about it


Title: Re: Increasing Bitcoin supply
Post by: louie69 on January 11, 2018, 03:22:16 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

There have been many discussions about this and it can be done. But that would be one hell of a battle!

As per article that I had read, Bitcoin cryptocurrency is limited only to 21M in circulation meaning no possibility of increasing its supply as this will impact the price of bitcoin thus altering the original plan of the originator.


Title: Re: Increasing Bitcoin supply
Post by: A.Delaney on January 11, 2018, 03:32:11 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.

Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.

How many years is a few years?


Title: Re: Increasing Bitcoin supply
Post by: akiraminai on January 11, 2018, 03:47:44 AM
I think an increase in supply won't change that much. If and only if there will also an increase in shops that accepts bitcoin as primary payment. Furthermore, the supply and demand will be in equilibrium state that the ripple won't be disrupted.


Title: Re: Increasing Bitcoin supply
Post by: dama12 on January 11, 2018, 03:57:46 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Block rewards gets halved every 4 years and eventually it will become ~0, AFAIK it will he around 2132 or something. But I think most of BTC will be mined a lot before that.
increasing the bitcoin supply will leads to the dicrease in the price. Not unlease you change the way bitcoin was set to be released and this is an awful idea.


Title: Re: Increasing Bitcoin supply
Post by: dama12 on January 11, 2018, 04:05:48 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.

Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.

How many years is a few years?
increase supply bitcoin are  needed to many people..but everyone needs to know about it


Title: Re: Increasing Bitcoin supply
Post by: KuromaYoichi on January 11, 2018, 04:09:56 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
It's impossible to increase the supply of bitcoin but the fact that bitcoin has limited supply is one of the thing that makes it expensive, if the supply is unlimited then the value of bitcoin will be way lower than now.
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.

Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.

How many years is a few years?

The last bitcoin will be mined in year 2140, so it's still a long way there and there's a lot of halving before we reach to that point that can make bitcoin value rise even more.


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 11, 2018, 04:14:55 AM
Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.

How many years is a few years?

It halfs ever 210,000 blocks, which is roughly 4 years.
This is a nice countdown ^^ http://www.bitcoinblockhalf.com/

you can easily see how even in just 40 years time you'll half 5 times. In 2058 each block will be Worth little more than a hundreth of today (about 0.2 BTC), in 2140 bitcoin reaches asymtotic stagnation.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 11, 2018, 04:26:02 AM
I have heard that China mining bitcoin, Then what they do called "mining"  if the BTC supply is constant ?


Title: Re: Increasing Bitcoin supply
Post by: ismelda_ita on January 11, 2018, 04:31:21 AM
my opinion, if bitcoin supply is Increasing then there is likely to be more recent system changes again to boost the market going forward


Title: Re: Increasing Bitcoin supply
Post by: kasansa on January 11, 2018, 04:41:56 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Doing such thing would be going directly against the decision of satoshi who programmed it to be 21 million coins.It is due to this reason, bitcoin is completely free from inflation. People keep trust in it as it's value would increase more in future.Otherwise,just like US dollar, bitcoin value also would get decreased.


Title: Re: Increasing Bitcoin supply
Post by: BILGPS on January 11, 2018, 04:58:27 AM
Yes the bitcoin supply high in the market due to the price rise people sold their coins in the last of this year so because of that the bitcoin supply high in the market which is not good but it is not the problem there are so many other uses of bitcoin have started now in the new year and those who have sold bitcoin they will ready to buy this again.


Title: Re: Increasing Bitcoin supply
Post by: pooya87 on January 11, 2018, 05:12:49 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Doing such thing would be going directly against the decision of satoshi who programmed it to be 21 million coins.It is due to this reason, bitcoin is completely free from inflation. People keep trust in it as it's value would increase more in future.Otherwise,just like US dollar, bitcoin value also would get decreased.

you are correct about the second part, the deflation and the limit. but you are wrong about first part. Satoshi's  decision doesn't matter one bit, so does any other individual's decision. we are talking about a decentralized system and such systems work based on the consensus of the whole system (all the users that are involved in it) not decision of some individual(s).


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 11, 2018, 05:45:55 AM
I have heard that China mining bitcoin, Then what they do called "mining"  if the BTC supply is constant ?

Let's try to make this even clearer.

Bitcoin has a maximum possible supply of 21 million coins. On day 0, nobody had any coins, so "circulating supply" was 0.

every block found by a miner generates a reward of 50 bitcoin. These bitcoin increase the circulating supply, but NOT the total supply (which will Always be 21 million). Today, we have mined almost 17 million coins. Ever 210,000 blocks found the reward halves. This means that about every 4 years the increase in "circulating supply" drops by half. We've had two halfings so far, next one should be around 2020.

Even if we concentrate on the current "increase in circulating supply", it's easy to see how this is effectively irrelevant as far as price goes, as the rate is far lower than the market can absorb without major problems. But do keep in mind every coin mined is still part of that 21 million allocation.

if you want, the coins arn't being created, they are being "discovered".


Title: Re: Increasing Bitcoin supply
Post by: barabut on January 11, 2018, 06:07:00 AM
While four of the five largest currencies of the cryptographic currency market, which are used via the Internet and are not affiliated with any central authority or brokerage house, but which are experiencing severe fluctuations due to "regulation" news from different countries in recent days, fall in the crypto money market volume declined by 5.5 percent to 783 billion dollars. Deciphered by the crypto money market, which was formed by 1384 crypto money, Bitcoin dropped by 5.39 percent in the last 24 hours and dropped to 16 thousand 107 dollars. While Bitcoin represents 34.5 percent of the $ 783 billion cryptographic currency market, the last 24 hours of the cryptographic currency market is estimated at $ 44 billion.

The daily changes in the crypto currencies in the market value rankings are as follows: Bitcoin 5.39 percent, Ripple 18.91 percent, Bitcoin Cash 14.81 percent and Cardano 2.88 percent, Ethereum 10.25 percent.


Title: Re: Increasing Bitcoin supply
Post by: millgates on January 11, 2018, 06:09:40 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Your question is so technical. It's impossible to increase the maximum amount of bitcoin, come on mate, bitcoin can be divided into eight decimals. It's more than enough, our problem is only term of bitcoin transactions that still high. I hope there is a solution for this.


Title: Re: Increasing Bitcoin supply
Post by: Kotone on January 11, 2018, 06:10:49 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

I think it can be actually however I dont think that was the original designs and purpose of its creator and author. I do however would like to explore on the options on what if we exhasusted all the bitcoin supply on whether it would still matter


Title: Re: Increasing Bitcoin supply
Post by: barabut on January 11, 2018, 06:24:36 AM
Vs. Supply on the demand side I estimate that the number of people who have been aware of Bitcoin until now is quite small compared to the number of people who are currently aware of the Bitcoin, and now the stock market has stopped buying new members intensively, Bitcoin has just begun to be recognized.


Title: Re: Increasing Bitcoin supply
Post by: Yakamoto on January 11, 2018, 06:27:46 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
You've got a thousand and one answers for this by now but I'll just let you know that there is no way that the total amount of Bitcoins that can ever be mined will ever be increased unless the community agrees on moving to a chain that has a higher amount of coins available to mine. The chances of that happening are, at best, slim to none. I would be more inclined to believe that the community would be more willing to reduce the total amount of coins before they would be ready to increase the number of coins available.


Title: Re: Increasing Bitcoin supply
Post by: sofi@ on January 11, 2018, 06:28:42 AM
No, the supply of bitcoin can't be increased the only way developers can do is to introduce other alts to divert the demand of bitcoin or increased the value of bitcoin so that it can be distributed in a wide range. This fact about bitcoin is one of the disadvantage bitcoin has that I think can never be resolve but even though people still believe that bitcoin can stand alone as a global currency.


Title: Re: Increasing Bitcoin supply
Post by: Brunus on January 11, 2018, 10:07:48 PM
It's impossible to increase bitcoin supply, and this is exactly the power of bitcoin: you can't create inflation as with usual fiat money.


Title: Re: Increasing Bitcoin supply
Post by: Cryptophorus Columbus on January 11, 2018, 11:02:47 PM
To increase artificially the bitcoin supply - if it was possible - would be against the core philosophy of bitcoin, that has its strength exactly in the impossibility to increase the supply.


Title: Re: Increasing Bitcoin supply
Post by: ajmapalo22 on January 11, 2018, 11:20:31 PM
I think it's impossible to increase bitcoin supply that is why many alts are introduce to divert the market of bitcoin demand. This is also the reason why bitcoin value continuously increasing so that bitcoin supply will become available in the circulation. But even though I am hoping that there would be a chance that developers find way to increase bitcoin supply


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 12, 2018, 04:35:12 AM
Hey I don't understand this, if the BTC supply can't be increased, what do you mean by BTC mining ?


Title: Re: Increasing Bitcoin supply
Post by: paul00 on January 12, 2018, 04:48:11 AM
Hey I don't understand this, if the BTC supply can't be increased, what do you mean by BTC mining ?
As far I knew if the Bitcoin reach the maximum capacity, then the mining fee will be removed then the bitcoin that will be mine will be too low because if we will have an unlimited supply of bitcoin the value of it will be at risk.


Title: Re: Increasing Bitcoin supply
Post by: manoj kumar k on January 12, 2018, 05:01:20 AM
yes bitcoin supply is increaseing day by day because there is a huge demand for the bitcoin now days each and every person want to hold a bitcoin in their life


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 12, 2018, 05:14:52 AM
Hey I don't understand this, if the BTC supply can't be increased, what do you mean by BTC mining ?

Do you guys even read threads AT ALL?

When speaking of Bitcoin supply, we need to distinguish between two things:

1. Circulating Supply: The number of coins that are currently in users' hands. At the moment this is around 17million.
2. Total Bitcoin Supply: The maximum number of coins that can ever be held by bitcoin users. This is about 21million. There can never be more than that many.

Mining, today, provides a reward based on transaction fees + "coin generation". These coins are added to the circulating supply, but are part of the "possible" 21 million coins. This reward halves every 4 years. today it'ìs 12.5 BTC per block.



Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 12, 2018, 08:55:49 AM
Hey I don't understand this, if the BTC supply can't be increased, what do you mean by BTC mining ?

Do you guys even read threads AT ALL?

When speaking of Bitcoin supply, we need to distinguish between two things:

1. Circulating Supply: The number of coins that are currently in users' hands. At the moment this is around 17million.
2. Total Bitcoin Supply: The maximum number of coins that can ever be held by bitcoin users. This is about 21million. There can never be more than that many.

Mining, today, provides a reward based on transaction fees + "coin generation". These coins are added to the circulating supply, but are part of the "possible" 21 million coins. This reward halves every 4 years. today it'ìs 12.5 BTC per block.



Hi emuLOAD. Now it is clear. Total Supply - Circulating Suppy = mining bitcoins at the moment.


Title: Re: Increasing Bitcoin supply
Post by: rollingstorm45 on January 12, 2018, 08:58:54 AM
if bitcoin has unlimited supply, then investor confidence will drop and cause panic sell, so bitcoin is useless. because a party could have done something stupid that harmed all the communities


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 12, 2018, 09:19:00 AM
if bitcoin has unlimited supply, then investor confidence will drop and cause panic sell, so bitcoin is useless. because a party could have done something stupid that harmed all the communities

When a resource has unlimited supply it has no price. ie. air, space.etc.. so how can a currency get a unlimited supply? a value emerges with meagerness


Title: Re: Increasing Bitcoin supply
Post by: adriaymati58 on January 12, 2018, 09:25:59 AM
I think because it is limited it's value will grow. Look at good. When it wasn't all mined, it wasn't as valuable as now, But now, because it has a limited supply became more valuable


Title: Re: Increasing Bitcoin supply
Post by: sugihe on January 12, 2018, 09:37:15 AM
As it was said above increasing Bitcoin supply will lead to its deflation. It's logic due to economical rules. When there is a lot emission of currency it's inflation that causes drop in price. If there is no emission currency price is eventually going up.

That is the first impact in price. It will go down when huge supply added to bitcoin.
The second impact is people will lost their trust to bitcoin because it is like developer want to gain much money.


Title: Re: Increasing Bitcoin supply
Post by: ezcrigbagk on January 12, 2018, 09:41:28 AM
Increasing the amount of available/ minable bitcoins will have a direct impact on it's price. If the Supply is higher than the demand, the price will drop and vice-versa. The point is it's not a good idea to increase the Bitcoin cap.
I agree with you very much, in the future the new bitcoin should be less and less.


Title: Re: Increasing Bitcoin supply
Post by: mrqzwoboi on January 12, 2018, 09:52:28 AM
Many people now are investing to bitcoin..the more investments the higher the supply..
Yes, as more and more people understand and get involved, the new bitcoin may get less and less.


Title: Re: Increasing Bitcoin supply
Post by: SHAWN-MIDWAYS on January 12, 2018, 10:02:31 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Even with the limited total supply bitcoins do technically increase as they are not all mined and if you mean having to increase the  total supply itself...its very much possible to do so but this has less benefits to value so few would support this


Title: Re: Increasing Bitcoin supply
Post by: saiha on January 12, 2018, 10:07:14 AM
Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
You're right, increasing the bitcoin supply is very impossible.

We can't supply more bitcoins by adding the 21 Million total supply limit.

But not all of it has been mined and the total number supply that's rotating is 16M so there is still 5 M to be mined.


Title: Re: Increasing Bitcoin supply
Post by: kache2018 on January 12, 2018, 10:10:28 AM
For me I think it is fair to say that Bitcoin cannot increase its supply because it is ruled under a decentralized cryptocurrency wherein it is run by many people/individuals who are known as primary investors and a maximum capital is reached depending on their respective contributions. On the other hand, centralized financial entities is controlled/maintained by the government and the supply of money is monitored depending on the demand of the market. This happens when the amount of money of an individual/business entity is less circulated with the community.


Title: Re: Increasing Bitcoin supply
Post by: zenrol28 on January 12, 2018, 10:19:16 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The question is, are we still alive even the max supply increased?  Every 4 years block rewards is being halve. It is estimated that the last bitcoin to be produce will be on 2140, so there is still a century before new bitcoin runs out. i think it is impossible to increase bitcoin's max supply because just like gold, it cannot be produced if it is mined out.


Title: Re: Increasing Bitcoin supply
Post by: Lupus Solitarius on January 12, 2018, 10:34:02 AM
There is a misunderstanding: bitcoin supply increases every day by mining.
What you can't increase is the speed of production.
So, as anyone knows, in any moment there will be a fixed amount of bitcoin in circulation


Title: Re: Increasing Bitcoin supply
Post by: ZIM17 on January 12, 2018, 10:45:13 AM
For my opinion about this I think its impossible increasing bitcoin supply because many women will creat or running for this bitcoin.But even though I'm hopping that there would be chance developer to fined way to increasing bitcoin supply. ???


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 12, 2018, 12:58:24 PM
Why would you want the supply to increase?

There is a misunderstanding: bitcoin supply increases every day by mining.
What you can't increase is the speed of production.
So, as anyone knows, in any moment there will be a fixed amount of bitcoin in circulation

circulating supply is increasing. But it won't go Beyond 21 million. even if you mine for a millenia.


Title: Re: Increasing Bitcoin supply
Post by: Aileen C. on January 12, 2018, 02:11:21 PM
The supply of bitcoin will  increase but not more than the usual. New block releases into the network. Try to familiarized into mining and you'll know new blocks released new bitcoins.   
Why would you want the supply to increase?

There is a misunderstanding: bitcoin supply increases every day by mining.
What you can't increase is the speed of production.
So, as anyone knows, in any moment there will be a fixed amount of bitcoin in circulation

circulating supply is increasing. But it won't go Beyond 21 million. even if you mine for a millenia.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 12, 2018, 02:12:21 PM
Why would you want the supply to increase?

There is a misunderstanding: bitcoin supply increases every day by mining.
What you can't increase is the speed of production.
So, as anyone knows, in any moment there will be a fixed amount of bitcoin in circulation

circulating supply is increasing. But it won't go Beyond 21 million. even if you mine for a millenia.

Yes, everything must happen within the frame of 21 million. It is clear,


Title: Re: Increasing Bitcoin supply
Post by: danielnamit on January 12, 2018, 02:25:35 PM
Increasing People who invests in bitcoin may result to increase of bitcoin supply, this means that bitcoin's price may gradually gain or if ever, may increase too much.


Title: Re: Increasing Bitcoin supply
Post by: cybersofts on January 12, 2018, 02:29:50 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
No. it is not possible to increase the number of bitcoin supply because the original bitcoin was written to mined only 21 million bitcoins. To change that, that means you have to write new source code of the bitcoin software and install it on the original bitcoin core which would make bitcoin lose it current credibility in the market.  


Title: Re: Increasing Bitcoin supply
Post by: maskedtrader53 on January 12, 2018, 02:31:51 PM
Increasing the supply would depreciate the value of bitcoin right now in the market. It would make a negative impact to its investor. It is better to stay that way.


Title: Re: Increasing Bitcoin supply
Post by: Cryptolupus on January 12, 2018, 06:41:07 PM
With altcoins things are not so clear, but with bitcoin the supply is strictly programmed.
And more you try to produce them, more difficult become the algorithm to be solved.


Title: Re: Increasing Bitcoin supply
Post by: udidrone on January 12, 2018, 06:46:27 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
no it can't, but if that happen bitcoin's value wouldn't like this anymore. people will think bitcoin can created as much as the "who controlled" want and it will not have any value anymore


Title: Re: Increasing Bitcoin supply
Post by: Marsouc on January 12, 2018, 06:50:10 PM
It is possible but I hope that this wont happen at any chance. This is like it is today with paper money when governments just print them more...and if there is more that mean it is value is lowering.


Title: Re: Increasing Bitcoin supply
Post by: 1NV3ST0NM3 on January 12, 2018, 06:51:04 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
Yes, its impossible to mine bitcoin more than that because the hash rate will not allow to mine any more bitcoins. Its impossible because its the total length of blockchain. So there is no solution to such an increasing price.


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 12, 2018, 10:29:47 PM
The supply of bitcoin will  increase but not more than the usual. New block releases into the network. Try to

Aileen, I solo mined 50BTC blocks at one point... I think I've got things figured out quite well.

Yes, its impossible to mine bitcoin more than that because the hash rate will not allow to mine any more bitcoins. Its impossible because its the total length of blockchain. So there is no solution to such an increasing price.

It's good to point out that the 21M supply limit has nothing to do with hashrate and nothing to do with blockchain length. Blockchain length increases with every block mined, it's theoretically infinite. Hashing power could also increase 100-fold over night. This would accelerate the production of blocks for a very short ammount of time, but difficulty adjustment mechanism will quickly bring the network back to equilibrium. And even if that didn't happen (which it will, it's a core component of the system), all that would happen is we'd get to 21M faster.


Title: Re: Increasing Bitcoin supply
Post by: addict4bitcoin on January 12, 2018, 11:28:42 PM
What if the late adopters become a mass majority and all want to increase the 21 million cap (which primarily hurts early adopters) and fork off? Will the early adopters (2008-2018) stick with the original bitcoin with lets say 1/10th the hash rate of the new inflation coin or will they succumb to the market and use the coin that is widely accepted and now more valuable than their non inflation coin that only early adopters care about?


Title: Re: Increasing Bitcoin supply
Post by: vicemi on January 12, 2018, 11:30:56 PM
they are mining from a fixed number of bitcoins.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 13, 2018, 06:53:37 AM
Thank you everyone who contributed for this thread. I am well aware now..


Title: Re: Increasing Bitcoin supply
Post by: emuLOAD on January 13, 2018, 06:54:56 AM
What if the late adopters become a mass majority and all want to increase the 21 million cap (which primarily hurts early adopters) and fork off? Will the early adopters (2008-2018) stick with the original bitcoin with lets say 1/10th the hash rate of the new inflation coin or will they succumb to the market and use the coin that is widely accepted and now more valuable than their non inflation coin that only early adopters care about?

Question is, why would a majority of newcommers want to increase the cap? what benefit would it bring them?


Title: Re: Increasing Bitcoin supply
Post by: maskedtrader53 on January 13, 2018, 01:59:09 PM
What if the late adopters become a mass majority and all want to increase the 21 million cap (which primarily hurts early adopters) and fork off? Will the early adopters (2008-2018) stick with the original bitcoin with lets say 1/10th the hash rate of the new inflation coin or will they succumb to the market and use the coin that is widely accepted and now more valuable than their non inflation coin that only early adopters care about?

Question is, why would a majority of newcommers want to increase the cap? what benefit would it bring them?

Maybe he/she is looking to lower the price of bitcoin. Or just wanted to avoid the scalability problem right now in bitcoin. But that would'nt be happening.


Title: Re: Increasing Bitcoin supply
Post by: ihsanskanzaone on January 13, 2018, 03:25:54 PM
If the bitcoin supply is added, I do not think it will make the bitcoin price go down because we do not know how many bitcoins are lost out there. Similarly, banknotes are reprinted annually, but that does not affect the price because they are not excessively increasing the proportion they need because if excessive then, inflation will occur.


Title: Re: Increasing Bitcoin supply
Post by: Glutius on January 13, 2018, 03:28:12 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
This question has already been discussed many times. The number of bitcoins can not be increased. There are only 21 million of them. But even if this is possible, it will not bring much benefit to anyone.


Title: Re: Increasing Bitcoin supply
Post by: Sasuke102001 on January 13, 2018, 03:36:15 PM
The maximum number of Bitcoin that could be mined are 21M Bitcoins that is what I guess Satoshi Nakamoto had said. But even there is a way to increase the number of bitcoins that could be mined were to be increased in coming days wouldn't that affect bitcoin value? Because if the supply increases it affects the demand as well right?


Title: Re: Increasing Bitcoin supply
Post by: ekans45 on January 13, 2018, 03:40:59 PM
The increase or the movement in terms of Bitcoin supply or the stock is depending on the current status of miners in a particular country. We should also see  the big impact of market movement that has a credit to Tha changes and development Bitcoin could have in the future with the help of our support and daily transactions.


Title: Re: Increasing Bitcoin supply
Post by: vicemi on January 13, 2018, 03:45:36 PM
I don't think you can increase supply for more than 21million


Title: Re: Increasing Bitcoin supply
Post by: mangkiko on January 13, 2018, 03:45:58 PM
No, the supply of bitcoin can't be increased the only way developers can do is to introduce other alts to divert the demand of bitcoin or increased the value of bitcoin so that it can be distributed in a wide range. This fact about bitcoin is one of the disadvantage bitcoin has that I think can never be resolve but even though people still believe that bitcoin can stand alone as a global currency.


Title: Re: Increasing Bitcoin supply
Post by: The Crypto of the Opera on January 14, 2018, 12:55:38 AM
In Satoshi's vision, this idea is a nonsense. Btw, it's also impossible, technically speaking.


Title: Re: Increasing Bitcoin supply
Post by: kiki52 on January 14, 2018, 05:07:32 AM
i think that is possible to happen. because bitcoin always get supply for miner and user is like they created more bitcoin make bitcoin can't stop working. anytime bitcoin will increases depending on demand.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 14, 2018, 06:41:30 AM
i think that is possible to happen. because bitcoin always get supply for miner and user is like they created more bitcoin make bitcoin can't stop working. anytime bitcoin will increases depending on demand.

But total supply million. you can't exceed that amount huh?


Title: Re: Increasing Bitcoin supply
Post by: Lintel on January 14, 2018, 06:47:24 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance


We should let it this way . In my own opinion it is better to leave it as it is becauae it will affect the flow of the coins and it will cause deflation. And 21M is the maximum supply of bitcoin only.


Title: Re: Increasing Bitcoin supply
Post by: dvillier on January 14, 2018, 06:51:13 AM
Truly the bitcoin supply high in the market because of the value rise individuals sold their coins in the remainder of this current year so on account of that the bitcoin supply high in the market which isn't great however it isn't the issue there are such a significant number of different employments of bitcoin have begun now in the new year and the individuals who have sold bitcoin they will prepared to purchase this once more.


Title: Re: Increasing Bitcoin supply
Post by: drwhobox on January 14, 2018, 06:52:15 AM
It can be bad to the whole comunity for if its able to renew the current circulating supply of Bitcoin. Well, that where hard forks are to rescue and to answer your question as you know Bitcoin is still on it's experimental stage and just accept it that we only have 21 million coins that can circulate and there are a lot of lost bitcoins including satoshi's.


Title: Re: Increasing Bitcoin supply
Post by: HG_Lincs on January 14, 2018, 06:59:50 AM
There seems to be a lot of confusion about this very simple topic.

Is it possible to exceede 21million bitcoin by "mining more coins"?

No, absolutely not, in any way at all. This is phisically impossible. The very protocol, the logic of Bitcoin does not allow for 21 million bitcoin to be mined. With reward halving every n block, rewards will tend to 0 relatively soon, and wll become completely irrelevant (indeed, at one point there will be no coin generation for mining reward at all). At that point, just shy of 21million coins, there will be no way to generate even 1 satoshi, no matter how many terahash you send Bitcoin's way.

Is it possible to modify the fundamental logic of Bitcoin to increase maximum supply?
Yes, but pratically no.

Bitcoin's source is available, and we have seen plenty of people take advantage of this spinning of arbitrary Forks here and there. Bitcoin Cash is a great example. shares Bitcoin's history until a certain block, then deviates. It's an altcoin, it has nothing to do with Bitcoin. The fact that is basically used a "snapshot" of BTC to kick-start everything is nothing more than a convoluted airdrop.

So, someone could easily take the source code, and choose to make the new limit of minable coins 1 trillion. BUT, this would not be bitcoin. for it to be bitcoin, the community at large would have to accept it and recognize it as bitcoin (i.e. change client in order to take part in this new fork). Considering it will most likely have a negative impact on prices, it's easy to imagine that a vast majority of us Bitcoiners will refuse to take part of such a stupid experiment.

We will end up with Bitcoin (normal), and TurkishLiraBitCoin. Nobody's going to let an increase in supply through to mainnet.

I am SO SURPRISED at how many people responded "Yes you can increase the supply" before I found this one.
Thank you for saving my faith in Humanity...
I thought everyone went crazy for a minute lol


Title: Re: Increasing Bitcoin supply
Post by: Ararbermas on January 14, 2018, 07:10:28 AM
Absolutely cause that is the common reason why the growth rate of bitcoin is increasing because of the miners,  investor, and also holders indeed there will be a huge demand after more adaption will made.  And if the opposite happen for sure bitcoin valued will decrease and always fluctuated like what happened on this month.


Title: Re: Increasing Bitcoin supply
Post by: Saveplus on January 14, 2018, 07:21:12 AM
I think it will increase depending on the demand of supply in mining and the people who mined is bases on their adaption.The possible increasing price value of bitcoin is because to the miners ,users and invetors on it.The more demand on engage people in bitcoin the more it increases bitcoin supply.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 14, 2018, 07:21:46 AM
There seems to be a lot of confusion about this very simple topic.

Is it possible to exceede 21million bitcoin by "mining more coins"?

No, absolutely not, in any way at all. This is phisically impossible. The very protocol, the logic of Bitcoin does not allow for 21 million bitcoin to be mined. With reward halving every n block, rewards will tend to 0 relatively soon, and wll become completely irrelevant (indeed, at one point there will be no coin generation for mining reward at all). At that point, just shy of 21million coins, there will be no way to generate even 1 satoshi, no matter how many terahash you send Bitcoin's way.

Is it possible to modify the fundamental logic of Bitcoin to increase maximum supply?
Yes, but pratically no.

Bitcoin's source is available, and we have seen plenty of people take advantage of this spinning of arbitrary Forks here and there. Bitcoin Cash is a great example. shares Bitcoin's history until a certain block, then deviates. It's an altcoin, it has nothing to do with Bitcoin. The fact that is basically used a "snapshot" of BTC to kick-start everything is nothing more than a convoluted airdrop.

So, someone could easily take the source code, and choose to make the new limit of minable coins 1 trillion. BUT, this would not be bitcoin. for it to be bitcoin, the community at large would have to accept it and recognize it as bitcoin (i.e. change client in order to take part in this new fork). Considering it will most likely have a negative impact on prices, it's easy to imagine that a vast majority of us Bitcoiners will refuse to take part of such a stupid experiment.

We will end up with Bitcoin (normal), and TurkishLiraBitCoin. Nobody's going to let an increase in supply through to mainnet.

I am SO SURPRISED at how many people responded "Yes you can increase the supply" before I found this one.
Thank you for saving my faith in Humanity...
I thought everyone went crazy for a minute lol

Can yo please explain me the this part of the above comment -"snapshot" of BTC , what does "snapshot" mean here ? Thanks


Title: Re: Increasing Bitcoin supply
Post by: laowang666 on January 14, 2018, 07:55:18 AM
Bitcoin is unlikely to increase because the total amount of bitcoins is fixed, and in the future, bitcoin will become more and more difficult to obtain, and its price will become higher and higher.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 14, 2018, 08:10:57 AM
Bitcoin is unlikely to increase because the total amount of bitcoins is fixed, and in the future, bitcoin will become more and more difficult to obtain, and its price will become higher and higher.

When we think about BTC in that we will sad that we couldn't gain enough BTC earlier.  :'( :'( :'(


Title: Re: Increasing Bitcoin supply
Post by: annango on January 14, 2018, 08:50:37 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
In my opinion, I honestly think that it’s not possible if bitcoin increases more than 21 million, it’s definitely against Satoshi. The quantity of people who use bitcoin will reduce a lot (I guess)  and a few one invest bitcoin,then bitcoin can be in bankrupty easily. People may not trust much more on bitcoin like before if it’s over the regulation. Therefore, I think that it is better for us to keep the supply of bitcoin at 21 million as it is.


Title: Re: Increasing Bitcoin supply
Post by: Janation on January 14, 2018, 08:53:59 AM
In Satoshi's vision, this idea is a nonsense. Btw, it's also impossible, technically speaking.

I think it is possible but the thing will not be accepted by a lot of people who are currently supporting bitcoin and the people who have a huge number of investment or number of bitcoin in their bitcoin wallets. That will be also having a great effect on the bitcoin price and might take it down or maybe up in the near future if it was passed through the debate of that idea which I think will really not happen.


Title: Re: Increasing Bitcoin supply
Post by: soulripper on January 14, 2018, 08:54:44 AM
the more circulation be made the more peoples will hate it as the price will be down as not many investor will like about it. peoples want to dominance bitcoin.they dont want to be betray about circulation for sure.


Title: Re: Increasing Bitcoin supply
Post by: gilangIDR on January 14, 2018, 08:57:40 AM
Bitcoin is unlikely to increase because the total amount of bitcoins is fixed, and in the future, bitcoin will become more and more difficult to obtain, and its price will become higher and higher.

When we think about BTC in that we will sad that we couldn't gain enough BTC earlier.  :'( :'( :'(
All supply is determined and when supply has stopped then what will change is bitcoin price. The bitcoin price will always change at any time, but the supply will stay that way. I see this as an opportunity to increase the price of bitcoin because with it the bitcoin will be more difficult to obtain. It is in accordance with the law of demand, we all know that something has a demand factor and how much is available.


Title: Re: Increasing Bitcoin supply
Post by: Xenrise on January 14, 2018, 09:05:11 AM
What is your question? What do you mean by increasing the supply and what'll happen? The supply of bitcoins all over the blockchain is only 21 million. And many of those aren't mined just yet. I wonder what will happen if those unmined bitcoin will be mined. All of the supply will be mined. Probably due to demand the price of bitcoin will go up.


Title: Re: Increasing Bitcoin supply
Post by: kimochidesh on January 14, 2018, 09:49:52 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

It is not possible to Mine BTC faster as there is fixed block size and time. Usually, it takes 10 min to mine a block and time can't be acceded or decreased as Hash rate adjust itself accordingly so that time of block mining remains roughly the same. This the beauty of this technology and Where supply, as well as time of mining, is limited.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 14, 2018, 09:51:06 AM
What is your question? What do you mean by increasing the supply and what'll happen? The supply of bitcoins all over the blockchain is only 21 million. And many of those aren't mined just yet. I wonder what will happen if those unmined bitcoin will be mined. All of the supply will be mined. Probably due to demand the price of bitcoin will go up.

I think You have already understood the questions.  ;) no need to clarify. Agree with you on your speech here


Title: Re: Increasing Bitcoin supply
Post by: vhiancs on January 14, 2018, 09:52:43 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance
I can say that's right, it's possible that bitcoin prices rise due to mining, and also the reasons for the bitcoin price will go up is the growing of numbers of investors, demand of supply, and holders.


Title: Re: Increasing Bitcoin supply
Post by: Altero on January 14, 2018, 09:56:20 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.
Even though that certain amount of supply are reached, still bitcoin continuously existed in the market but it only runs by its circulating supply which is mined already. In fact, $21million is far to reached and there's still a long years to stay on mining.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 14, 2018, 10:04:06 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.
Even though that certain amount of supply are reached, still bitcoin continuously existed in the market but it only runs by its circulating supply which is mined already. In fact, $21million is far to reached and there's still a long years to stay on mining.

How long will it take to finish mining  all 21 million ?  I saw that some one has told it will end up mining in 2140. I don't know whether it is correct or not,


Title: Re: Increasing Bitcoin supply
Post by: JTEN18 on January 14, 2018, 10:11:15 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.
Even though that certain amount of supply are reached, still bitcoin continuously existed in the market but it only runs by its circulating supply which is mined already. In fact, $21million is far to reached and there's still a long years to stay on mining.

How long will it take to finish mining  all 21 million ?  I saw that some one has told it will end up mining in 2140. I don't know whether it is correct or not,
That is right, it will take a decade after all bitcoins will be fully mined, so we have so much time to have a bitcoin in our life, so we don't have to missed this opportunity or we will regret all those things that we just missed when we saw the price of bitcoin in the future.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 14, 2018, 11:14:19 AM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.
Even though that certain amount of supply are reached, still bitcoin continuously existed in the market but it only runs by its circulating supply which is mined already. In fact, $21million is far to reached and there's still a long years to stay on mining.

How long will it take to finish mining  all 21 million ?  I saw that some one has told it will end up mining in 2140. I don't know whether it is correct or not,


That is right, it will take a decade after all bitcoins will be fully mined, so we have so much time to have a bitcoin in our life, so we don't have to missed this opportunity or we will regret all those things that we just missed when we saw the price of bitcoin in the future.

Hmm, but we will not have much money to buy BTC When Its price increase at this rate even though we have enough time .  ;D


Title: Re: Increasing Bitcoin supply
Post by: Umar001 on January 14, 2018, 12:24:18 PM
Increase bitcoin supply, is not advisable, if you increase supply of bitcoin without adequate measure, it will bitcoin to loss it value, and unecessary inflation set inn.
  In order to maintain the  core purpose of bitcoin, increase of supply is not the way to go for now.  


Title: Re: Increasing Bitcoin supply
Post by: zolfa on January 14, 2018, 12:45:25 PM
I do not know why bitcoin has a limited supply, and is predicted to run out in 2024.
and I do not know if bitcoin can be added or not, but I know that other altcoins when on the wall run out, then it can be added.
maybe bitcoin can also do the same thing.


Title: Re: Increasing Bitcoin supply
Post by: Semosuchi Tesongrato on January 14, 2018, 08:37:07 PM
The bitcoin supply increases day to day, this is exact the aim of mining.
What you can increase - luckily - is the speed with this supply can increase.
This is exactly what gives value to bitcoin.


Title: Re: Increasing Bitcoin supply
Post by: yoseph on January 14, 2018, 08:41:17 PM
It would be a very bad idea to try and increase the supply that is one of the main reasons for the value of bitcoin it is a limited supply which is actually less than the 21 million with the amount of lost coins out there.
Increasing the number of bitcoins will severly devalue the currency but again comparing it to Gold, there isn't a fixed amount of Gold in the system like Bitcoin. So maybe if the value is unlimited it is not going to cost any problem at all.


Title: Re: Increasing Bitcoin supply
Post by: junetuesdays on January 14, 2018, 09:17:04 PM
It would be a very bad idea to try and increase the supply that is one of the main reasons for the value of bitcoin it is a limited supply which is actually less than the 21 million with the amount of lost coins out there.
Increasing the number of bitcoins will severly devalue the currency but again comparing it to Gold, there isn't a fixed amount of Gold in the system like Bitcoin. So maybe if the value is unlimited it is not going to cost any problem at all.

Agree I will only invest in coins with a limited volume, due to the basic supply and demand argument coins with a limited availability will always experience growth.

Those with an unlimited supply will level out eventually


Title: Re: Increasing Bitcoin supply
Post by: oviudiu on January 14, 2018, 09:33:54 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

If you increase the Bitcoin supply it will lose the point and a LOT of value. Because what is done once, it will become habit. Increasing the number of coins will ruin the coin. Period!


Title: Re: Increasing Bitcoin supply
Post by: tricker01 on January 14, 2018, 09:45:06 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

If you increase the Bitcoin supply it will lose the point and a LOT of value. Because what is done once, it will become habit. Increasing the number of coins will ruin the coin. Period!
If you increase the bitcoins supply, materiality of this coin was getting lowered. Because when numbers of bitcoin increase many people can afford this coin and possible they can hold it. Also I was not believe that when bitcoin number increase the price increase too.


Title: Re: Increasing Bitcoin supply
Post by: maarx on January 14, 2018, 09:56:40 PM
Bitcoin is unlikely to increase because the total amount of bitcoins is fixed, and in the future, bitcoin will become more and more difficult to obtain, and its price will become higher and higher.

When we think about BTC in that we will sad that we couldn't gain enough BTC earlier.  :'( :'( :'(
All supply is determined and when supply has stopped then what will change is bitcoin price. The bitcoin price will always change at any time, but the supply will stay that way. I see this as an opportunity to increase the price of bitcoin because with it the bitcoin will be more difficult to obtain. It is in accordance with the law of demand, we all know that something has a demand factor and how much is available.

Yah. The supply limitaion incrases the value more. If the supply is increased, then there wont be a demand for it, and when there is no demand on it, the price do not get increased. The main reason for bitcoin value to keep increasing further would be the demand on it. Though everything is possible with techs, it is said and finalized with the current limitation of supply. The new born of BCH, Bitconnect and other altcoins created by BTC team would be another main reason.


Title: Re: Increasing Bitcoin supply
Post by: Kelvinid on January 14, 2018, 10:36:18 PM
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ?  Thanks in advance

If you increase the Bitcoin supply it will lose the point and a LOT of value. Because what is done once, it will become habit. Increasing the number of coins will ruin the coin. Period!
Yes.If you try to make increase in the number of supply of bitcoin,i think there would be consequences for that.Aside from deflation of value,you will be against the nature of bitcoin too.The amount of bitcoin is already given and fixed already so we have no chance increasing it.What we should aim to do is to make the demands higher so that the price will no longer decrease,it will just continue to soar high.


Title: Re: Increasing Bitcoin supply
Post by: Cryptophorus Columbus on January 18, 2018, 06:46:51 AM
Bitcoin increase daily by mining; but you can't increase the rate of supply.
Please note that this is the biggest advantage of bitcoin on fiat money, that protect us from inflation.


Title: Re: Increasing Bitcoin supply
Post by: Xxmodded on January 18, 2018, 07:00:47 AM
It is technically possible, but doing so would negatively impact the price. It is likely never going to happen.


agree with you, because the supply has been determined at the beginning of the created bitcoin. will be many possibilities, even a lot of different thinking. but I don't think bitcoin will ever increase in number.


Title: Re: Increasing Bitcoin supply
Post by: anushkasachith888 on January 18, 2018, 07:17:10 AM
It is technically possible, but doing so would negatively impact the price. It is likely never going to happen.


agree with you, because the supply has been determined at the beginning of the created bitcoin. will be many possibilities, even a lot of different thinking. but I don't think bitcoin will ever increase in number.

If it is possible, if it is required to increase BTC suppy. Who will determine to increase BTC supply?


Title: Re: Increasing Bitcoin supply
Post by: Cryptolupus on January 18, 2018, 02:43:03 PM
It seems that lot of people here haven't clear idea how bitcoin works, what mining is, what blockchain is.
I'd advice who has this kind of problem to read at least the basic, because it's easy to make big mistakes if there is confusion about basic concepts.