Bitcoin Forum

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

The estimated year for all bitcoin to be mined is in 2140: https://blog.liquid.com/how-many-bitcoins-are-there-and-when-will-they-all-be-mined

Also, as per blockchain.com's stats[1], the current number of mined bitcoin is 18,105,438 as we speak; which leaves us with 14.8% bitcoin left to be mined, hence 85.2% of bitcoin has already been mined.

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[1] https://www.blockchain.com/charts/total-bitcoins

The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.

This is the information you are looking for:

https://en.bitcoin.it/wiki/Controlled_supply

I already saw this information in some article. If this scenario will happen it feels sad because for sure we are already dead when that time comes that the bitcoin can  mine 100%.

A very long time, maybe there will be a successor of us as crypto lovers here. If Bitcoin is halved in the middle of this year, will the remaining mined amount be reduced or still from what remains. Since the year is predicted to be 2140, I just want to be sure.

Of course we're already dead at that time and we will never know what will happen during that year. Or even if bitcoin will get widely accepted or not. No one can predict since it's a very long time before we reached that year. But even though bitcoin is already fully mined, bitcoin could still remain circulating.

No one knows what the future hold in bitcoins,  but we can still help to improve the future of bitcoin by supporting this and teach our child so that awareness will be widely spread.  And when that times comes our grandchildren will also benefits on the sacrifices we do now.

Halving will only reduce block reward from 12.5 BTC to 6.25 BTC, but this is also a reason why mining of the last coin will be sometime around 2140. Halving is every 210 000 blocks, or approximately every 4 years, and with each halving reward is reduced by half.

What is important to emphasize is the fact that more than 85% of BTC is already mined, and 99% will be reached by the year 2032 and that 1% (210 000 BTC) will be left for next 100 years. I think it's quite realistic to say that mining will actually end much sooner, though technically that won't be the case. I'm sure that even after 99% of all mined coins people still will continue to be fascinated with 100% and year 2140, though no one of them will likely live so long to experience that moment.

I'm not even going after 2100 lmao. But it wouldn't be sad at all as I see the bitcoin market growing and growing each year, besides the mass adoption for bitcoin is spreading much faster compared to previous years. I'm just curious if we can speed up the bitcoin mining process so we won't take until 2140 to mine it all. Do you guys have any for this?

With this estimated date, I highly doubt that it is right. Considering the total number of bitcoins mined now,  the last bitcoin will not be mined in the year 2140. It might be mined earlier than that estimated date.   

No really definite time when will the Bitcoin will be mined. As of now, 85.2% is the recorded percentage but as time goes by, it becomes harder and slower because of the algorithms embedded with the Blockchain. I guess that moment will really not thos season yet and whatever it is. It will not stop the Cryptocurrency as other may know. The market will still move.

the network will continue even all the coin is mined
there will be no block reward after that but there still a fee reward
the fee of all the user who makes a transaction in the block will be the reward for the miner

Anything is possible, and thus speed up the process of mining all Bitcoins. All you need to do is to ask developers to remove halvings from the default procedure and leave 12.5 BTC per block until all coins become mined. Or you can ask them to set 50 BTC per block, and very soon miners can mine out all that is left.

Can you read? I guess not since you are asking stupid questions, why is it important to mine all coins, you think this can help in what, price will go up instantly and you will become rich by shitposting?

It would definitely help if people stopped falling for scams and "investing" in silly projects. This brings the price of bitcoin down since the money is going to scammers and not for the betterment of crypto as a whole and second I am pretty sure most of them dump what they steal. Right now I just expect every project to be dumped after distribution. My outlook is very negative I guess. I mean when 99% of projects suck it is hard to keep the faith.

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

We are actually dead on that day, but I think there are a lot of demand would be gain from that year and also the supply has a limit too. It takes too long but I think there are some coin would rather defeat bitcoin specially when the price range was getting expensive. Soon I think they would start into new beginning.

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

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

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

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

Estimate is around +/- 2140.

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

As I have said here, (https://bitcointalk.org/index.php?topic=5191418.msg52704564#msg52704564) we don't need to wait for 2140 because for sure all of us have die. The next three halving is enough for us to see that 'almost all' bitcoin has been mined in our lifetime.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Actually I did not know when all the bitcoin will mined but for the others said it 2140 and that is very is longtime and we are all die who use crypto now.  And I do not know if that is really true or not or there is no specific year the all bitcoin mine.

Im just curious too that what will happen to the bitcoin if the all that coin will be mined the price will drop or the price will pump?  But we hope bitcoin will not end if it's mine all. More than 80 percent bitcoin was already mined and it is long time for sure before it become 100 percent.

And what coin do you have in mind?
The estimated 2140 is based on the Bitcoin block halving which occurs every 4 years and making the block reward cut into half. So, there's no way Bitcoin's last piece could be mined that early. That 14% unmined Bitcoin sure is hard to acquire.
Or you mean, just because another mainstream coin will be developed in the future, Bitcoin miners will stop mining in 2050 then? Sounds ridiculous.

Even though the supply of bitcoin is fully mined, in my opinion bitcoin will continue to run, but their miners will no longer get prizes from the block but they will only get transaction fees. and when supplies are completely depleted, it is very likely that the price of bitcoin will be more expensive and craze because of the scarcity of bitcoin.

According to forecasts, this should be the year 2140, but once I calculated it myself, and I saw that the halving is faster than previously written. It’s possible that I was mistaken then, but it’s possible that Bitcoins really will be exhausted earlier than in 2140.

Bitcoin has never been mined. Miners mine blocks, and they receive rewards for their success. The rewards include transaction fees, and a payment from a depleting pool of Bitcoin, that was created when the genesis block was laid. This means that blocks will continue to be generated , even when the pool is empty. Some say that if one considers Occam's razor, then the pool will never be emptied, and when it is down to one Satoshi, then a further subdivision could be created. However, I haven't looked at the code to see if there is a mechanism to empty the pool once it drops to a certain level. I suspect that the pool will run out during a final "halved" stage, and the last reward that empties the pool will be incomplete.

Foes anyone have a better understanding of the final stage?

There is no "pool" and I don't think that Occam's Razor is relevant. There is simply some code that computes the correct amount of the subsidy for a block. At some point in the future, the amount will change from 1 satoshi to 0 and then forever remain at 0.

But doesn't that imply that there is a virtual pool?

I introduced Occam's razor because I have seen some people say that the pool will never be emptied. I agree that that isn't true. Occam's razor is applicable when the shaved chunks become successively smaller. This isn't the case with Bitcoin, as the chunks remain at the same size for set periods.

There is no pool. The amount of the subsidy is computed independently for each block based on its height. Here is the code (https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp):


... and Occam's razor has nothing to do with shaving.

What was the theory that if you keep shaving successively smaller slices from an object, you can never complete the task, as you always had something left to slice? I'm trying to post this from memory, so I should really do some searching. I remember Zeno-s paradox of Achilles and the tortoise, and I thought there was a similar concept relating to the divisibility of objects.

Or we may say that after 2140 there will be no more speculation about what price of bitcoin will be after next halving. Since after 2140 we wont have any halving. No one from today will be there to see last bitcoin getting mined :(

Since they have already said the estimated year, those about 20% is still far to finally happen. When all Bitcoin finally got mined, we're already dead at that time so we really don't know what will happen after that.

If all Bitcoin got already mined, it won't be the end because Bitcoin will still continue to circulate. What we really can't say is the effect of it with the price because that's still too far from today.

keep in mind halving and count :)

2140 will be the year that all bitcoin will be mined. But I don't think Bitcoin could exist until then, so you don't need to be too worried about Bitcoin's situation. You just need to invest as much as possible in this market and wait for the profits to come to you

ya but we are close to 21 million already, so that could happen in like 2 years

According to what you wrote, you consider Bitcoin to be a game in which the rules can be changed as it suits someone at a certain point in time. How can something happen in 2 years if it is predetermined that it should happen around the year 2140? The fact that we are close to 21 million BTC does not accelerate this process in any way, the blocks are still found on average every 10 minutes and halvings will continue to be every 4 years.

Do you really understand what kind of nonsense you wrote, or do you still believe you're right?

I guess it's kinda bad joke or irony... Can't believe that smb could be so illiterate

there will be a halving in bitcoin block reward every 4 years
the next halving will happen May this year and the current 12.5 bitcoin block reward will be divided to half to 6.25
the halving will continue every 4 years until it reaches the max supply of 21 million
the block time is approximately 10 minutes and if you calculate it you will realize that the mining will not end in the next 2 years
and if you don't know what will happen after all coin is mined
the network will still continue and the miner will only get the fee of all transactions in the block as reward.

We all know about the scarcity that bitcoin has, this scarcity in fact, what drives the market price of bitcoin to soar way up high in time, because of the mining system we have, and actually, there is a time will come that 100 percent bitcoin will be mined. but the question here is, what could happen next after it? I do really wonder if transactions will be paid enough for miners if that happens, or bitcoin will shut down due to inefficiency of transaction because miners will go out of the market. Though, what I find important is that, bitcoin will collect each and every market capitalization it can, to make cryptocurrency holistically great in the future.

Actually the estimated year in which all of the bitcoin will be mined was by the year 2040 all of the bitcoins out there will be mined already and as of now almost 18 million bitcoin are already mined for the last 10 years so think about how many years will come before all of the bitcoin will be mined. You guys can check the liquidity of the bitcoin in the coin matketcap in order for us to be more updated and informative everyday.

You know this has been a major concern to me. Would mining still be lucrative if block reward is exhausted and miners are only paid from transaction fees? Sometimes i tend to think that the transaction fees would have to be increased so that the miners can still make some substantial amount of profit for all their activities in supporting the bitcoin network.