Bitcoin Forum

21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/

I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.

is it worth buying at the moment bitcoin?at the real price?

It is true that the most efficient ASIC miners were released and I heard that bitmain already released E3 which is considered to be the most fastest miner ever made by bitmain. This miner will probably overpower the GPUs  and it will make bitmain the number 1 producer of mining rig across the globe. With only 4 milion bitcoins left to mine and with the near implementation of lightning network the mining companies are on a race to mine the remaining bitcoins.

well there's nothing to worry about,because that's not gonna happen in our lifetime, Closest predictions about the end of bitcoin mining is 2136 , we have all the time in the world to make a decent profit from BTC and for out next generation too.

It's becoming more and more difficult to mine BTC through the last few years, and in the future it will be more difficult. our goal must be to make the maximum profit while we can.

It's crazy how 80% of the bitcoins were mined in such a small amount of time, and yet the remaining 20% will take around 100 years to mine. It seems that Satoshi really did have a long term vision for his project in mind when he released it to the world. Hopefully with the next couple of halvings Bitcoin starts to approach its true value closer to $100,000.

Hail Satoshi..
it is completely beyond of my mind how 9 years time to mine 17 millions bitcoin, but still needs more than 9 years to mine 4 millions remains. what kind of vision he has. even technologies can't run mathematically.

that is one of the reasons why bitcoin prices increase every 4 years, 2020 will halve bitcoin and of course mining will be more difficult because reward per block decreases to 6.25 BTC per block, I think it takes a long time to 21 million BTC

Assic really need to step up the games in other to remain relevant when it comes to the manufacturing of the best mining equipment's, and again 4 million unmined bitcoin to go will take a lot of efforts and advance technology that I believe asic will be able to cope up this.

4 million BTC is not really clear. This is just a hypothesis, but if they are in the wallet of some people and they have lost the private key then it will probably be forever lost that BTC. So how can get back the lost BTC, which is something that no one can do.

Estimations have Bitcoin mining going up until 2140. So we still have plenty of time. Granted the exponential growth of technology that we can see that timeframe close in. However the jump from gpu to ASIC only shaved off a couple of months. So we would need a significant technological jump to get the timeframe shaved off a noticeable amount.

They probably already have ASICs powerful enough to mine 0.05 BTC per day, but they just don't share it with us because it's more profitable to keep those for themselves ;)

I am glad to hear this. The less the bitcoin supply the more rare bitcoin in the market and it will also make the bitcoin price higher if demand continues to increase. The limited supply of bitcoin is actually created for the continued rise in bitcoin prices and makes bitcoin the most valuable digital asset other than to be used as another option for payment methods. People will increasingly be interested in using bitcoin if the price continues to increase because it provides its own advantages for its holders.

I think this is going to be good especially for altcoins. Since there is going to be lesser and lesser bitcoin, the demand will be higher so the prices can go higher as well. And since the altcoins are currently depending on the bitcoin's price, altcoins will go up as well. This is going to be great for investors and bounty participants as well.

Well my friend, that depends on your strategy or plan. If you are buying bitcoin just to short it then this price is not worth buying. But if you will be using btc as your future currency then buy now.

So if we only have 4 million left with bitcoin? So what does that's mean? Do we need to panic or just still hold all our bitcoin? If we just have 4 million left bitcoin that is circulating now, then that is now too far from 21 million.

news from where it all. I do not believe if I have not seen it myself.

ok last time i looked it was baout 5millioon left XD
But still enough time to mine and after all Bitcoins are mined we still need the hash power to confirm payments!



regards

Yeah, if you look at things from this side you can actually see and realized how he (or them?) was already looking into the future, this is maybe the longest long-term project ever. And we're part of it!

It will take so long time till 21 million bitcoin, that will probably not be achieved. Irrelevant of the mining and supply satoshi had long term vision, one can easily understand that by reading his posts.

Should we buy btc at this time?

yes, that's true. but every year bitcoin will be increasingly difficult to mine
that's about what I know and discussion from friends in this forum.
although it will be more and more miners but it is not easy, especially to mine bitcoin in dire need of big power and high powered computer

with what i read just yesterday the pediction was 2033.

The last bitcoin will be mined in 2140

This means that it is very difficult to mine now, and the cost is very high, and it is possible to lose money when it is completed!
The market will be aware of the scarcity of Bitcoin, and the price of Bitcoin may be even higher!

Ehis is of course sad. How do you think in which countries the mining will be popular in the future?

I really don't get it why the first 17 million was mined within 9 years and the remaining 4 million is being predicted to be mined probably more than 9 years.

And after all bitcoins are mined, miners will profit only on bitcoin fees right and there will be no more rewards. Are there any other ways a miner can profit from that event?

This will mean that bitcoin will be getting into scarcity making its price go higher. If that will be the case, those who are holding thier bitcoin are lucky enough. They can profit bigger.

But whatever the power ASIC miners may have,bitcoin mining is set to a certain limit called halvening after which bitcoin mining gets difficult.So all the other remaining four million bitcoins would not be mined within our lifetime for sure.

The price of the remaining BTC must be higher and higher, the computational power is higher and higher, but the output is lower and lower, so it is inevitable that the price will rise.

bitcoin estimates will be habisa in tambag by 2040.
but at that time the number of bitcoins will not be complete 21.000.000 BTC because many bitcoin yng lost along with the owner.

Even how fast the miner is,the important thing here is the more bitcoin mined is the slower it goes ,so meaning each bitcoin has been get is the lessen it gives tomorrow.so this mean that it till take long long time to mine all of the bitcoin in the world.so theresno issue here actually

It is foreseeable that bitcoin will become scarce in the near future. I think this scarcity and interest in bitcoin will lead to the price of bitcoin reaching 100K, which is possible.

yes, but I heard that another hundred years will definitely be getting bitcoin

This is the proof that bitcoin will not fall in price, but only go up. The number of bitcoins are constant, and those who want to buy more and more.

I agree with this! Since there are only limited supplies of Bitcoin and they cannot create more once the remaining 4 million Bitcoin is mined, expect that the price of it will surely goes up! So it is better to accumulate Bitcoin now while the price is still cheap.

Just imagine what will happen when the miners will get all the bitcoins.. if everything goes smoothly, the price can soar to the skies) and it will be cool

It still a long road for bitcoin to reach this price, were not even close to half right now after those miner mined all the 21 million max supply of bitcoin it need's more supporter, investors and more demands of the wolrd to reach that price.

first of all you just bumped a very old topic.
and secondly how is that proof of never falling?! how much bitcoin is mined so far is only shows the supply of bitcoin and the fact that bitcoin has lived strongly for about 9 years. other than that it doesn't prove anything about the price. that requires "demand" to increase which happens that it is increasing but you can't make that conclusion based on this topic!

It's just a result of our unity to make bitcoin known all around the world. With that exact thing that happened then it just means bitcoin has already gained the respect of many users. Well with that kind of amount that bitcoib has been already sold then we can conclude that bitcoin is being used worldwide. That just shows that the system is reliable and effective.

Bitcoin was developed to simulate scarcity, like for instance Gold. The difference is, we know exactly how many bitcoins there

will be and when the Block reward will stop. In Gold, new deposits are frequently found, so they are dealing with unknown

parameters to determine it's value. After the Block reward runs out, these miners will compete for the miners fees and we

hope that would be enough to sustain their profits.  ::) ???

it is still a very large amount, especially since recently began to appreciate

I think it's cool of course but when they run out what will happen next !? How transactions will be made and who will process them !

I'm more interested in the question of what price will be for bitcoin, when all that can be obtained?