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Title: How many BTCs have been generated so far? Post by: skyscraper on June 13, 2011, 08:14:46 PM Does anyone know how many BTCs have been generated so far? Is there any web ressource giving answer about this?
Title: Re: How many BTCs have been generated so far? Post by: dinker on June 13, 2011, 09:25:20 PM If you go solo mining, you could get 50 coins on your first day, or it could take 3 months.
Title: Re: How many BTCs have been generated so far? Post by: Ricochet on June 13, 2011, 09:44:30 PM Take the number in the corner of your client (the block count) and multiply by 50. Currently at this moment that's 130599 blocks, so 6,529,950 BTC have been generated.
EDIT: http://bitcoincharts.com/markets/ also tells you up top, though right now it's a bit out of date. I suspect it might rely on BlockExplorer for the block count. Title: Re: How many BTCs have been generated so far? Post by: sciter on June 13, 2011, 09:48:29 PM If you go solo mining, you could get 50 coins on your first day, or it could take 3 months. Doesnt it depend on your rig?Title: Re: How many BTCs have been generated so far? Post by: tokn on June 13, 2011, 10:11:33 PM If you go solo mining, you could get 50 coins on your first day, or it could take 3 months. Doesnt it depend on your rig?This was also my impression, although not 50/day but rather the higher your mhash/sec the higher your chances of landing those blocks. Title: Re: How many BTCs have been generated so far? Post by: sciter on June 14, 2011, 12:15:50 AM Yes, as you have chance with every block you encrypt it would be obvious if you have more chance if you encrypt more blocks.
Title: Re: How many BTCs have been generated so far? Post by: SomeoneWeird on June 14, 2011, 12:26:27 AM Does anyone know how many BTCs have been generated so far? Is there any web ressource giving answer about this? http://blockexplorer.com/q/getblockcount*50 Title: Re: How many BTCs have been generated so far? Post by: kwhcoin on June 14, 2011, 03:38:04 AM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made.
Title: Re: How many BTCs have been generated so far? Post by: JusticeForYou on June 14, 2011, 04:11:44 AM If you goto BitcoinCharts.com , and look at the top, you will find lots of curious information, along with current exchange rates and charts, of course.
Best Regards, The Bear Title: Re: How many BTCs have been generated so far? Post by: sciter on June 14, 2011, 06:49:23 AM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?Title: Re: How many BTCs have been generated so far? Post by: dazoe on June 14, 2011, 06:56:11 AM I know for a fact that about 200 BTC has been lost... A few friends of mine started mining back when mining was REALLY good. And well one, lets call him JOE, reformatted and reinstalled his computer, forgetting to backup his wallet. Then the other friend, lets call him BOB, had to leave for military training. Well BOB asked JOE to house-sit for him. BOB told JOE that he had backed up everything and that JOE was free to reformat/reinstall his computer. Well BOB didn't backup either. JOE had something like 70 BTC and BOB had around 140 BTC. So I wonder how much of that 6.534 mil. has been lost?!?
Title: Re: How many BTCs have been generated so far? Post by: sciter on June 14, 2011, 07:28:19 AM I know for a fact that about 200 BTC has been lost... A few friends of mine started mining back when mining was REALLY good. And well one, lets call him JOE, reformatted and reinstalled his computer, forgetting to backup his wallet. Then the other friend, lets call him BOB, had to leave for military training. Well BOB asked JOE to house-sit for him. BOB told JOE that he had backed up everything and that JOE was free to reformat/reinstall his computer. Well BOB didn't backup either. JOE had something like 70 BTC and BOB had around 140 BTC. So I wonder how much of that 6.534 mil. has been lost?!? Like, maybe, 10k btc is my guess.Title: Re: How many BTCs have been generated so far? Post by: CoolHand144 on June 14, 2011, 07:36:41 AM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. Title: Re: How many BTCs have been generated so far? Post by: JusticeForYou on June 14, 2011, 07:48:34 AM I know for a fact that about 200 BTC has been lost... A few friends of mine started mining back when mining was REALLY good. And well one, lets call him JOE, reformatted and reinstalled his computer, forgetting to backup his wallet. Then the other friend, lets call him BOB, had to leave for military training. Well BOB asked JOE to house-sit for him. BOB told JOE that he had backed up everything and that JOE was free to reformat/reinstall his computer. Well BOB didn't backup either. JOE had something like 70 BTC and BOB had around 140 BTC. So I wonder how much of that 6.534 mil. has been lost?!? IMO: Attrition is a problem, but it is a problem that the community has plenty of time to overcome. Unlike fiat currencies, as money is lost, it is lost forever (probability wise). You won't find it; you can't print more; consider it the 'angles share'. However as soon as a certain percentage has been removed from use through, crashed hard-drives (with no backups), fire, flood, or any number of possibilities, there will be plenty of time to migrate to (lets say) version 2 over a period of years to give everyone the chance to change over. Don't consider this 'printing more', but maintaining the 21 Million BTC, which in reality is 21 Quadrillion units of 0.00000001 btc by replenishing what has been lost through attrition... Best Regards, The Bear Title: Re: How many BTCs have been generated so far? Post by: sciter on June 14, 2011, 11:24:25 AM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. Title: Re: How many BTCs have been generated so far? Post by: Husband on June 14, 2011, 11:59:20 AM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. Yes, but each block becomes exponentially more difficult to resolve. The rate at which BTC are being distributed is dropping with every difficulty step increase. Title: Re: How many BTCs have been generated so far? Post by: SomeoneWeird on June 14, 2011, 11:59:35 AM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. Title: Re: How many BTCs have been generated so far? Post by: musicsmooch on June 14, 2011, 12:12:25 PM Generated bc for 18 hours and nothing. Added Bitcoinplus to my music part of my new website: http://musicsmooch.co/index.php?dll=music&sub=search Then I found out this morning it was because of MSE trying to kill bitcoin.exe. Added Bitcoin.exe to excl;uded. I want to use bitcoin for memeber sign ups or to becme premium members on my dating / music / social website eventually or have the option now. Anyone have some input on how I can do that? http://bc.x14.eu/sigs/4921ebe8.png (http://bc.x14.eu/s/1054) Title: Re: How many BTCs have been generated so far? Post by: kwhcoin on June 14, 2011, 01:20:43 PM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. Title: Re: How many BTCs have been generated so far? Post by: sciter on June 14, 2011, 05:26:05 PM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. Title: Re: How many BTCs have been generated so far? Post by: clever_trevor on June 14, 2011, 05:30:11 PM If bitcoin lasts, then there will be inflation. I currently have ~1.5 after 3ish days.
Title: Re: How many BTCs have been generated so far? Post by: Anonymous on June 14, 2011, 05:31:10 PM Just as hyperinflationary as paying people in pennies.
Title: Re: How many BTCs have been generated so far? Post by: sciter on June 14, 2011, 06:34:11 PM Just as hyperinflationary as paying people in pennies. Yes, I meaned that indeed.Title: Re: How many BTCs have been generated so far? Post by: JusticeForYou on June 14, 2011, 09:13:10 PM At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made. How do you mean ''that ever will be made''?This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness. No, because miners will want to collect 'fees' for the blocks. They just won't get a reward of 50btc, 25btc, etc... They will get the fees people are charged for transactions. Even if miners find that it is not worth it, then difficulty will decrease to a point to where, almost anyone could find a block and collect fees. This type of system tries to find a happy medium according to the number of transactions and fees. Best Regards, The Bear |
