Bitcoin Forum

A report have it that out of 21million Bitcoins, 16.8 million coins have been mined (investipedia). This means 80% of the coins have been mined. That means we have fewer coins available till 2140 (when all the coins would be mined). The question is, What will be the value of bitcoin? What is the current rate of mining?  Will the price go up too high because the remaining Bitcoin is small?

It is true that there is only 20% bitcoin left to be mined until the end of 2140, and I also feel that this is a very small price and always expensive.

It is not a question of having a small amount of bitcoins but rather it is a question of the demand for bitcoin. Even if we have a small amount of bitcoin but the demand is much smaller then bitcoins value will not go up. But the community is very positive that bitcoin will really hit a huge value and will even surpass a 100k $ value in the future.

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

4.9 million bitcoins are left. The last bitcoin will be mined in the 2140.

Also, there is a hard cap of 21 million bitcoins. This cap on the amount of bitcoins is why it’s respected as a store of value, like gold.

But did you know that 4 million bitcoins ($USD 20 billion) have vanished already? 4 million bitcoins is between 17% to 23% of its total supply.

So there will be appreciably less bitcoins than 21 million in future.

Depends on the market cap but as the supply is getting lower, value of bitcoin can go higher.

Compute it.
https://www.coinwarz.com/calculators/bitcoin-mining-calculator

minus all the fees of transactions going back in the pool...

A better question for you is, how do you expect anyone to predict the price of bitcoin in over 120 years?

The concept of supply and demand charges that if demand stays constant and supply goes down (which would happen when mining ceases) the price will stay stable. If demand is increasing and supply goes down or stays the same the price will go up.

As for the mining rate, Blockchain.info/charts (https://blockchain.info/charts) has a lot of the detail you're looking for.

I really don't care what the price would be then, what I care for is the number of BTC I would have in my wallet then, at least one should strive to have 1BTC because the fundamentals are very strong, we are about reaching the time when what people would be talking about would be the Satoshi which is the unit of BTC, so holding 1BTC them would be a great thing to have.

it all depends on demand because if there is too high demand there obviously there will be an increase in price but if the people lose interest it will not effect in any way.

Since the total amount of Bitcoin is fixed, so the price will possibly keep rising. I think this is the main reason why the price of Bitcoin started to raise so high in 2017. But in this year, the price seems to stay a little lower over all compared to last year. I don't we have to wait many years to mine all the Bitcoins. When it's all mined, I think the price will become a little  steady in around $10K.

by now 17,027,825 bitcoin mined
as the hash rate of the network will be increased block rewards will be reduced
so by the time, the energy that used to mine a bitcoin will be increased and of course effects its price

Every 4 years, the amount of bitcoins given as a reward to a miner who solved a block is halved. The predicted date of no bitcoins left to mine is something about 2140 as you said. We don't know what will be the value of Bitcoin by that time and it's not possible to make a good prediction. Bitcoin might be replaced by some other cryptocurrency in the future or simply get hacked. I think that Bitcoin value might be actually high in 2140, maybe even a few millions of dollars.

out of box thinking

2010 mindset:- theres only 18million coins left, at current prices ($0.01) thats only $180,000 of value left
2018 mindset:- theres only 400 trillion satoshis left, at current prices thats only $34,000,000,000 of value left

in my opinion,We don't know what will be the value of Bitcoin by that time and it's not possible to make a good prediction.so i beleive we can  raise the value of bitcoin if we stay in bitcoin and not get out of it.

There are 17 millions mined coins, how about you do a research before posting ?


3.9 are left, same for you, stop posting stupid things.


No , this ain't a porn movie!


Oh yes we do, till 2140.


Hashrate has nothing to do with the reward halving. The reward will halve at the same block even with 100x ot 1% of the current hashrate.
The energy needed to mine a bitcoin is not affecting the price. It's the price of bitcoin that affects the hashrate and thus the numbers of miners and the kwh needed to mine a full coin.



Yeah, we can't predict the price for the next 5 days and we're going to predict the price in 2140....
But I think the better question would be..."Why the hell would somebody care what the price in 2140 is going to be?"
I for sure don't give a damn.

In the next hundred years all Bitcoins will be mined. For sure all of us here are dead on that moment. Bitcoin must be very expensive on year 2140. And miners are not mining anymore  but just confirming the transaction.

There is also a huge possibility that Bitcoin is already replaced by a new technology, a technology better than blockchain. Many things could happen or will popup  140yrs from now.

this will depend on if there is a lot of demand, and from what you can see the governments are being relentless to the world of the crypto, you just see this:

S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React (https://cointelegraph.com/news/s-koreas-largest-crypto-exchange-upbit-investigated-by-police-markets-react)

probably this has affected the price, then you should imagine that if many governments are tougher against bitcoin then the price may fall and fall, we need to expect that in the next years governments have made less heavy regulations against bitcoin, which are regulations that create a lot of demand for bitcoin

based on the assumption of my own observations bitcoin prices will soar because the total of 21 million is almost 80% mined and circulated, the less total supply will make the bitvoin increasingly rare and automatically surely the price soaring

If all the remaining 20% is mined, and the demand still is high, then this is when holding even a fraction of bitcoin will make you wealthy because more people will be chasing the limited bitcoins in the market and it will result in increase price.

It's kinda true and sucks that a huge amount out bitcoins has been mined already. I remember when you could make more than 1 bitcoin easily in 2010 through mining.

Either bitcoin is really going to soar or some alt will take its place. I strongly think that we shouldn't be even having this debate now because by that time me and you will be dead probably,  by the time last bitcoin is mined. With limited supply price should be increasing only if people believe in bitcoin and only until they see it as something they can use whether it be a currency or an gold like asset that is in digital format. Thing is we can flip money and get rich, this is what matters at the ends of the day.

The possibility of higher prices is greater when the supply of bitcoin is completely mined, economic law also says so "prices will increase as demand continues to rise". Which is still in doubt is the demand for bitcoin to continue to increase if the supply is already mined? My short answer is that demand will increase if bitcoin prices do.

I don't believe this.

Dont worry,the more bitcoins had been mined,is the fewer miner can get,this means that 20% remaining bitcoins will make harder for the miner to gain all,it will take them another 20-50 years to mine all of that volume so dont bother about it..so about your question regarding price,its too soon to tackle.

First of all this 20% that are not yet mined will be more harder to mine in the future as they know mining will end soon when the last BTC is mined, but I think there will be new coin to be mine after that, price will be determined still by the market value but I believe also the price will continue to increase to auction and bidding of BTC.

I think the remaining 20% percent is to small for the whole world to be struggling for which surely will sky rocket the price. Unless before that time the developers decided to increase the total volume of bitcoin more than the present 21,000,000.00  then the price may crash or hover around a certain level.

It's true that only 20 percent of bitcoins remain to be mined.But it would take almost 120 more years to get mined.So that would not create any price rise in bitcoin.

The total number of bitcoins is an important factor leading to the rising price of bitcoin. We all know that it is the demand to determine the price, just because the demand for the community's continuous development of bitcoin is increasing, while bitcoin mining every four years to reduce the design will increase the price of bitcoin faster.

Bitcoin’s 21 million is a low number. And the remaining Bitcoins to be mined are getting more and more valuable as the number of unmined coins is going down. The more coins are mined the more scarcity is produced on the market.

I'll not give you an exact price but each satoshi by this time is going to be worth it even the single satoshi that we have to pay for the miners fee will be worth that much.

Can't do the Math for you about the rate of mining as I'm not a miner.

Lesser supply will cause high demand that will lead each bitcoin to have an expensive amount.

there will be a market price where demand is high and goods are few, then the price will be uncontrollable and can set the market price at will, meaning many holders will become new millionaires. with unexpected benefits

Limited supply will always ensure that the value remains high, this is why many coins doing an ICO will burn any unsold tokens. Bitcoin already has a fixed limit so it will always rise in value (long term). Ripple has an unlimited supply so not a good long term investment.

Yes around 80% of bitcoin has been already mined and only few amount of bitcoins are left. The price of those remaining bitcoin can be high it totally depends on the market cap. Though the market is supply is getting lower
 the value of bitcoin can go higher.

You do not really need to be a genius to know why it is going to happen, the demand for bitcoin will go up faster than the supply and when that happens the price goes up, how high it will go is something that no one knows, but I am completely convinced that it will go way higher than the previous all time high simply because it is impossible for the demand of bitcoin to go down.

Op isnt genius because he doesnt calculate anything. He only got this information from a known source online. Anyways , i dont really agree to anyone that says the value of bitcoin can become expensive whenever the supply has run out because i believe the value of it will still depend on demand and not on the supply. If there were more people who constantly buy and hodl their coins , then the value can remain stable or become verry high but if everyone is selling and stop on buying, then the value can decrease.As simple as that.

The logical answer to your question is that its price will definitely go up because of the law of supply and demand. But, I can't talk like this with any assurance at all because what you're asking is what will happen in a very distant future. Anything can happen and even if the supply in that future will be very diminished, we can't always say that its price will soar high.

What I'm trying to do right now is to live in the present day (in cryptosphere) and trade/invest based on the facts that we have right now. I know that this is speculation but I think this is a very moot point to talk over. Just saying.  ::)

20 percent of bitcoin take 20 years to get mined we need to wait until next twenty years to see all bitcoins mined and price will be around 1 million dollars

Only 20 percent of Bitcoin is left for being mned. It depends more on its demand now. Surely, it is going to be more expensive now.

This is not correct.
The last Bitcoin will never be mined completely.
Until 2036 more than 99.2% of the total supply will be mined. -> https://en.bitcoin.it/wiki/Controlled_supply (https://en.bitcoin.it/wiki/Controlled_supply)
But keep in mined that already a good portion is lost forever. Some estimate that's a number 2-4 million coins, Satoshi's stash included.
So although we are still in the accumulation phase, the race and fight for the last 20% has already begun. Furthermore keep in mind that many coins are in strong hands and held in cold storage and therefore only a tiny fraction can be traded over the exchanges.
Therefore imo it's just a question of time before we see a crazy exponential price increase, which of course will be influenced by user growth and all the different network effects of BTC feeding each other.

5 million are still have to mine so don't panic, i believe after completing 21 million Bitcoins, the price will be sky high. right now 1 token price is proximitly 8592.01 US Dollar. in 2140 price will be sky high, i can't even imagine. BTCBTC

we still need a long time to mining bitcoin until it's empty and I guess that the value of bitcoin will become expensive. I don't know about the current rate of mining because I am not mining in my home so I don't know how to calculate it. I only know that if supply is reduced, it will give impact to the increasing of the price and will make bitcoin price is too expensive to buy.

You should read some post in this thread before you write anything, there is less then 4 million BTC left to bi mined since number of mined coins has passed the number of 17 millions. Also year 2140 is for all of us completely irrelevant, we should all focus in the near future. By the year 2032 almost 99% of all BTC will bi mined, so we can say that amount of new coins which will remain to be mined will not represent an important factor. In the meantime there will be few halvings (2020, 2024, 2028, 2032 ) so after each time production of BTC will be reduced for 50%.

So 19% of what is left will be mined in next 14 years, that 1% will remain for next 100+ years.

20% of bitcoin is remaining its true but we have to see the future because nowadays bitcoin price is increasing day by day also bitcoin price may increase more than 100k $ so it’s a good news for investors who are investing money on bitcoin and because of mining the bitcoin value is certainly stopped but it will increase very soon I guess. Because of bitcoin others crypto currency systems are falling because its increasing.

0.00088% of addresses own 17.49% of Bitcoin
0.01% of addresses own 20.47% of Bitcoin
0.10 of addresses own 21.9% of Bitcoin
0.94% of addresses own 28.02% of Bitcoin
3.06& of addresses own 7.02% of Bitcoin
41.93% of addresses own 0.01% of Bitcoin
24.94% of addresses own 0.09% of Bitcoin
19.61% of addresses own 0.53% of Bitcoin
9.41% of addresses own 2.84% of Bitcoin

.00000748% of addresses own 0.73% of Bitcoin

 
Summary
4.1% of addresses own 96.53% of Bitcoin
95.89% of addresses own 3.47% of Bitcoin

Wasn't it nice of the elitists to allow you to own 3.5% of Bitcoin?

With the continous shakeouts of weak hands and institutions slowly filtering the market we'll see the rations become even worse.

1% of the addresses will own 99% of the existing Bitcoins.
99% of the addresses will own 1% of the existing Bitcoins.

Bitcoin's market as a whole is just a joke for large institutions, and while people are panicking about how the correction took us back to $6000 levels a few months ago, there has been and still is some serious accumulation going on in the background. Wall street & Co weren't the first to join the party, but they will make up for it and buy the market to record highs, that's pretty much a guarantee. Corrections are a perfect event to speed things up a notch or five.

If people thought the wealth distribution in the fiat world was bad and Bitcoin would be the exception, then prepare yourself for a big disappointment.

now it's about 17 million bitcoins that have been successfully mined, that means there are only 4 million bitcoin left. You are right 80% bitcoin is already in circulation and only 20% will be mined.

Governments can only slow down the price growth, but overall the uptrend is intact, as the fundamentals never change no matter how many fiat exchanges they ban, or howm any outlandish bans on Bitcoin possession they could pass.

What makes Bitcoin desirable remains, and that is, the fact that governments can't destroy it. These news only kick out these that do not deserve holding Bitcoin to begin with, since if you are here to panic sell every time government X says Y, you aren't going to make it anyway. Just give your bitcoins to someone that actually has a clue on what Bitcoin is.

We canno tell the exact amount of how much remaining bitcoin are there to mine. All are just allegations and presumptions. Well, naturally the price of bitcoin will rice because of limited bitcoins the lesser it get the higher the price will get but we can never tell how much percentage of bitcoin is left actually.

That is way cool if we still have such an enormous amount of bitcoin to be mined out because still there are masses who are unaware of crypto currencies on the whole. I am sure we are going to get all mined by 2020 because by then, majority of the world population would be aware of bitcoin the way social media is promoting it. We would need more bitcoin when everybody is going to use it frequently.

If you mean we are going to see all coins mined by 2020 then you are wrong, very much so. Currently, if everything remains unchanged, the last few satoshis will be mined somewhere in 2140, which is something we all won't ever get to experience. On top of that, we don't need more Bitcoins. The main point of importance is that as the price keeps going up, people will only be able to afford smaller chunks of a whole coin, where eventually people will be dealing with Satoshis -- as you may or may not know, 1 BTC can be split into 100,000,000 Satoshis. In easy terms, there will be enough Satoshis for everyone to use, so there is no need to worry about shortages of available coin supply.

Just plain ignorance from yvesp110. He doesn't even know the mechanics of Bitcoins and cryptocurrencies and how it is mined. richardsNY explained it quite well. Bitcoins can be subdivided in to satoshis which would possibly be enough for the whole population to get hold of. And anyway, bitcoins will likely not really be the go to form of payment anyway, bitcoins are like gold. It's inconvenient to pay in gold which is similar to bitcoins in this case.

You do understand that that's not how mining works right? And experts even say that the last bitcoin won't be mined until well beyond 2100 at this rate. 2020 is the year john mcafee either eats his dick or we become millionnaires, not the last btc mined

The bitcoin price isn't solely dependent on the amount of coins that are left to mine. The stage of the bull/bear market cycle that bitcoin is currently in, as well as recent news which all influence the current supply and demand of coins will still matter and influence pricing the most.

Bitcoin's value comes with its enforced scarcity, much like gold and silver. I personally believe BTC and gold have a lot in common, in terms of their economic characteristics.

In the long run, as long as adoption and usage rate of BTC as a currency outpaces the inflation at which bitcoin's monetary supply grows (which should happen almost every year from now on, for a long time), then prices will naturally rise. So you're right, to some degree.

I do not know from where is come this data, but I think this should not be taken literally. Bitcoin is on the open market and almost everyone who wants to buy it will find a way to do it. Since BTC is live from 2009 and it was very cheap in first years of its existence who is guilty that someone did not recognize the opportunity and invest 50$ or 100$ and keep that coins until today? Or to not use faucets that give 5 BTC just for solving one captcha, or to use PC to mine BTC?

Distribution was fair and open from the start, everyone had a chance - and even some 3-4 years ago price of BTC was only 200$. Blaming institutions, states, big players, Wall Street for unfair distribution is completely wrong. There is almost 4 million BTC to be mined, and lot of coins on exchanges, crypto ATMs waiting for new owners.

Addresses !!!! Not wallets. Not individuals.
There are ~ 60 addresses with ~ 2000 coins and they all belong to the same wallet. And seeing how things are going right now, most of them will end up in the pockets of one fat frappucino lower.
Same stands for the Winklevoss coins.

But on the bright side, the top 5 addresses that hold around 600k BTC or 3% of the coins are actually all cold storage so they don't belong to 5 individuals but to god knows how many users.