|
Title: How many BTC is in circulation? Post by: RapTarX on February 10, 2019, 04:47:25 PM From Coinmarketcap, there are 17,530,775 BTC available in circulation. But what is the actual amount excluding the lost BTC? How much BTC have been lost until now? Is there any reported/proofed list of lost BTC amount/addresses?
Title: Re: How many BTC is in circulation? Post by: OmegaStarScream on February 10, 2019, 04:52:42 PM I managed to find this (https://fortunedotcom.files.wordpress.com/2017/11/lost_bitcoins.png) but I would say It's probably far from being accurate because losses are not always reported, and you can't really make the difference between a wallet not being touched in purpose (hodling) or a wallet that has funds that can be accessed anymore.
Title: Re: How many BTC is in circulation? Post by: boyptc on February 10, 2019, 05:05:20 PM I've searched for the same articles and most of them says that it was around 4 million bitcoins.
This latest article said around 20% of bitcoin's supply --> https://www.newsbtc.com/2019/01/10/bitcoin-supply-lost-forever/ Title: Re: How many BTC is in circulation? Post by: karman383 on February 10, 2019, 07:35:44 PM We cannot know the exact number of bitcoins that have been lost or not in circulation, but we can estimate from the total supply and circulating in the coinmarketcap. Thank you.
Title: Re: How many BTC is in circulation? Post by: gentlemand on February 10, 2019, 07:46:39 PM The only ones we can be 100% certain of are those sent to burn addresses which is a few thousand. Beyond that we have to take everyone's word for the others.
I don't buy these figures of 20-25% of the supply being lost. I'm sure it's plenty. I'm also sure there are many coins that haven't moved for several years that are fully accessible. For some reason not moving for a while is enough for others to declare them lost. Title: Re: How many BTC is in circulation? Post by: Kopyleft on February 10, 2019, 07:48:15 PM It is impossible to know the exact figures of lost bitcoins, you would get estimates if you search it up, but they would be off and likely inaccurate.
Not all losses are reported. Some lost coins could be recovered in the future. You can only go with the reported cases of lost bitcoins Title: Re: How many BTC is in circulation? Post by: figmentofmyass on February 10, 2019, 08:07:23 PM I don't buy these figures of 20-25% of the supply being lost. I'm sure it's plenty. I'm also sure there are many coins that haven't moved for several years that are fully accessible. For some reason not moving for a while is enough for others to declare them lost. i guess there's only so much analysis you can do on a public ledger. at some point, it becomes a guessing game. 20-25% definitely sound like an overstatement, but honestly it sounds possible a couple decades from now. we're still at a stage when users are largely not securing coins properly. after every bear cycle ends and a new bull cycle begins, i feel like lots of old investors come back to find their coins are lost. that's easy to do after a multi-year bear when you thought bitcoin was dead---forget a password, reformat a computer, chuck out that old hard drive that's on the fritz anyway. like this guy: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-value-james-howells-newport-landfill-hard-drive-campbell Title: Re: How many BTC is in circulation? Post by: btyco on February 10, 2019, 08:23:49 PM Even if there wasn't any lost 21 million is a small amount considering the demand that is going to follow as it goes mainstream. 1 million is locked by satoshi, and a few million lost when it was worthless. 4 million sounds about right for number of unclaimable bitcoins
Title: Re: How many BTC is in circulation? Post by: VitKoyn on February 10, 2019, 08:31:03 PM From Coinmarketcap, there are 17,530,775 BTC available in circulation. But what is the actual amount excluding the lost BTC? How much BTC have been lost until now? Is there any reported/proofed list of lost BTC amount/addresses? There's no way to figure out how many Bitcoins are still in circulation and how many are lost or stuck on an address that are non accessible anymore. In this article https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher it says that there are 4 million lost and 2 million stolen Bitcoins but I doubt that this is accurate because there's no possible way to to accurately know the amount of Bitcoins that are stuck forever, and not all lost and stolen Bitcoin are being reported on news or being featured on articles. Also we cannot conclude that Bitcoins are lost if it hasn't been moved from an address to another for a very long time. Title: Re: How many BTC is in circulation? Post by: Halmater on February 10, 2019, 09:11:52 PM A wallet that is rarely processed and a lost wallet cannot be fully distinguished, so they may be hesitant to say something about it. I don't think anyone has a clue about the number of lost wallets.
Title: Re: How many BTC is in circulation? Post by: miropp on February 10, 2019, 09:21:19 PM If we consider lost wallets for which there was no transaction since the first serious growth of the exchange rate (01.03.2013), then in total these wallets contain about 3 million bitcoins. This is important to consider when assessing the situation in the market: actually in circulation at the moment is about 14 million bitcoins to 7 milliard people population, not 17 million, as they say on the crypto-exchanges. But this cant be considered reliable data. The exact number of lost bitcoins no one knows.
Title: Re: How many BTC is in circulation? Post by: boled on February 10, 2019, 09:31:14 PM Total Bitcoins in circulation: 17,531,188 source: Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/#) numbers keep changing every second, to see the latest status please visit the source website (https://www.bitcoinblockhalf.com/#). Title: Re: How many BTC is in circulation? Post by: OuterHeaven_ on February 10, 2019, 10:10:11 PM Wow, there's alot of good information in this thread. Gonna keep a close eye on this further.
Title: Re: How many BTC is in circulation? Post by: kxz1498 on February 10, 2019, 10:11:29 PM Total Bitcoins in circulation: 17,531,188 source: Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/#) This doesn't count coins lost/missing/stolen/etc. Title: Re: How many BTC is in circulation? Post by: squatter on February 10, 2019, 10:50:36 PM I remember Jameson Lopp (of statoshi.info) said he did a study on this and came to similar numbers as Chainalysis.
I don't buy these figures of 20-25% of the supply being lost. It's worth noting that Chainalysis put the estimate at 2.78 million - 3.79 million. "Nearly 4 million" is what made the headlines. They also included the early "Satoshi" coins in those numbers, which they estimate = about 1 million bitcoins. If we take the low end and table the Satoshi discussion, that's around 10%. Title: Re: How many BTC is in circulation? Post by: gentlemand on February 10, 2019, 10:55:01 PM It's worth noting that Chainalysis put the estimate at 2.78 million - 3.79 million. "Nearly 4 million" is what made the headlines. They also included the early "Satoshi" coins in those numbers, which they estimate = about 1 million bitcoins. If we take the low end and table the Satoshi discussion, that's around 10%. What was their criteria beyond the coins not having moved? Beyond burner addresses and publicly known events like that Polish exchange that deleted its private keys that's all they have to go own in most cases. I've got coins that haven't moved for over five years. They certainly ain't lost. Title: Re: How many BTC is in circulation? Post by: jerrison on February 10, 2019, 10:58:26 PM apart from the young man who said his girlfriend threw away his hard drive containing about seven thousand five hundred encrypted bitcoin there has not been anyone i know of in the world or the media space i know that has complained of missing bitcoin in any part of the world. so i will say the total bitcoin in circulation is actually the current total minus the missing 7500 that is missing.
Title: Re: How many BTC is in circulation? Post by: denzkilim on February 10, 2019, 11:05:58 PM I managed to find this (https://fortunedotcom.files.wordpress.com/2017/11/lost_bitcoins.png) but I would say It's probably far from being accurate because losses are not always reported, and you can't really make the difference between a wallet not being touched in purpose (hodling) or a wallet that has funds that can be accessed anymore. You're correct, there is no actual proof or evidence about those lost Bitcoins that are stagnant in an untouched wallet and no one knows the actual number of lost Bitcoins in wallets, people just calculate it with any data that they gather and it is not accurate. Even if we get the information about the exact amount of those lost Bitcoins in wallets there is no way to recover it and it will still be lost forever. Title: Re: How many BTC is in circulation? Post by: figmentofmyass on February 10, 2019, 11:39:18 PM What was their criteria beyond the coins not having moved? Beyond burner addresses and publicly known events like that Polish exchange that deleted its private keys that's all they have to go own in most cases. I've got coins that haven't moved for over five years. They certainly ain't lost. have you ever moved the bcash or other forks associated with your keys? apparently they mined a lot of data from that: (http://fortune.com/2017/11/25/lost-bitcoins/) Quote Chainalysis’s overall methodology is confidential, but a spokesperson shared certain details about how the company assesses which bitcoins are lost. An important clue comes when there is a “fork” in the blockchain, such as the one this summer which led to the creation of a bitcoin clone known as Bitcoin Cash. Such events can lead to the owners of wallets that have been inactive for years to conduct a transaction, providing an opportunity for statistical analysis. These sort of clues help inform the Chainalysis figure for the “hodler” category—wallets belonging to people who got into bitcoin before it hit the big time, and which represent the biggest source of uncertainty as to whether bitcoins are lost or just being hoarded. they also mention "scraping the Internet for reports of lost coins" and things like that. logically, there should be some model to account for death and things like that too, but i don't know how they'd begin building it. Title: Re: How many BTC is in circulation? Post by: boled on February 10, 2019, 11:41:27 PM Total Bitcoins in circulation: 17,531,188 source: Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/#) numbers keep changing every second, to see the latest status please visit the source website (https://www.bitcoinblockhalf.com/#). This doesn't count coins lost/missing/stolen/etc. of course not, we never know the exact number is missing, the blockchain only records everything in the chain, but it seems that it doesn't record when someone loses bitcoin because of forgetting passwords, private keys, system market errors or stolen balances, then the bitcoin remains in the blockchain, just move wallet or even just stay in the same wallet. If at this time many do research, they only have approximate numbers, not the right number. Title: Re: How many BTC is in circulation? Post by: REYVAN on February 10, 2019, 11:58:12 PM this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value.
Title: Re: How many BTC is in circulation? Post by: kxz1498 on February 11, 2019, 03:02:25 AM this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value. interesting to see how many bitcoins are inactive for 9+ years. Title: Re: How many BTC is in circulation? Post by: RapTarX on February 11, 2019, 03:23:15 AM this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value. interesting to see how many bitcoins are inactive for 9+ years. Until now, the amount is approximately 4 million. Title: Re: How many BTC is in circulation? Post by: Blockchainer06 on February 11, 2019, 06:35:28 AM Of the 21 million bitcoins, about 16.74 million (or 80%) are in circulation, and the rest are still to be excavated by miners. The miners'mined money can be traded on the Exchange of Currency Digital Money. So far, four million bitcoins have been left in one corner.
Title: Re: How many BTC is in circulation? Post by: UserU on February 11, 2019, 06:54:29 AM interesting to see how many bitcoins are inactive for 9+ years. I remembered mining some BTC on my long-sold laptop circa 2010. Just like those in the abyss, now they're history. Title: Re: How many BTC is in circulation? Post by: Gabteb on February 11, 2019, 07:16:20 AM Don't think anyone can answer this question surely because not all losses reported but we know many wallets lost, anyway, we have only 21.000.000 max supply which is very low and if every millionaire would buy one btc then most of them cant do it because we have much more millionaires than the maximum supply of BTC.
Title: Re: How many BTC is in circulation? Post by: REYVAN on February 11, 2019, 03:56:49 PM this is very interesting, it never occurred to me. I became curious, how many bitcoins are inactive because they cannot be accessed. Too bad the lost bitcoin cannot be owned or traded, even though it still has high value. interesting to see how many bitcoins are inactive for 9+ years.I found an article while I was completing my homework, author mentioned almost a total of 3380582 bitcoin was never touched since the its first transaction. He created a spreadsheet as well- https://www.reddit.com/r/Bitcoin/comments/2twrs7/all_42400_dormant_bitcoin_addresses_with_a/ I have visited the link you shared, I have read everything, all the information that I can not conclude the wallets part of the lost bitcoin, it's true that the wallet was not touched for a long time, no suspicious activity. it may be that the owner loses access, but there is still a possibility that he indeed saves.Until now, the amount is approximately 4 million. Title: Re: How many BTC is in circulation? Post by: boled on February 11, 2019, 04:18:11 PM Don't think anyone can answer this question surely because not all losses reported but we know many wallets lost, anyway, we have only 21.000.000 max supply which is very low and if every millionaire would buy one btc then most of them cant do it because we have much more millionaires than the maximum supply of BTC. you are right, I strongly agree. and do not know who to report to. while the research carried out is only based on inactive wallets with a large amount of balance. I have experienced a failed transaction sending bitcoin, the number of transactions is only 0.008btc, shipping from wallet exchange to the blockchain, I have tried reporting to the exchange, the problem has not been resolved, and not only I have experienced, I am sure there are a lot of users which might be much smaller. and that will not be recorded in expert research data.Title: Re: How many BTC is in circulation? Post by: baghdatis1990 on February 11, 2019, 06:16:00 PM It is very difficult to predict because not always the losses of BTC are reported. So there is no way to fire Bitcoin if they were not counted anywhere. There are a lot of platforms, probably who lost Bitcoin because they forgot their passwords or technical motions. These Bitcoins can not be counted anywhere. However, the subject is very interesting!
Title: Re: How many BTC is in circulation? Post by: jhongzjhong on February 11, 2019, 06:26:19 PM It is very difficult to predict because not always the losses of BTC are reported. So there is no way to fire Bitcoin if they were not counted anywhere. There are a lot of platforms, probably who lost Bitcoin because they forgot their passwords or technical motions. These Bitcoins can not be counted anywhere. However, the subject is very interesting! AFAIK, that lost Bitcoin will be mine by those miners. So if ever there's an amount or certain loses it will recover by the mining process.Exactly, we don't know what the exact amount of lost Bitcoin. But why we would worry about that as long as we have something to hold you'll be fine. Title: Re: How many BTC is in circulation? Post by: squatter on February 11, 2019, 06:58:15 PM What was their criteria beyond the coins not having moved? Beyond burner addresses and publicly known events like that Polish exchange that deleted its private keys that's all they have to go own in most cases. I've got coins that haven't moved for over five years. They certainly ain't lost. have you ever moved the bcash or other forks associated with your keys? apparently they mined a lot of data from that (http://fortune.com/2017/11/25/lost-bitcoins/) That's interesting. I'm not sure why that never dawned on me. When Bitcoin Cash forked, people started sweeping keys to recover and sell the coins. Unless those sweeps were done extremely carefully, the hard forks probably handed Chainalysis an incredible amount of address clusters and transaction history on a silver platter! On top of risking malware, people take big privacy risks to recover hard forked coins. Title: Re: How many BTC is in circulation? Post by: awawo on February 11, 2019, 07:45:21 PM There is no right statistics on how much bitcoin have been lost and it only when we have that we can state how much bitcoin is in circulation's. But the initial amount of bitcoin in circulation's both the ones stolen or lost is 21 million bitcoin.
Title: Re: How many BTC is in circulation? Post by: CryptopreneurBrainboss on February 11, 2019, 09:41:16 PM Neither Coinmarketcap or Satoshi himself can tell you the actual amount of Bitcoin in circulation although the only stats they know and it's universally known is Bitcoin has a total supply of 21million coins.
Along the 10 successful years of Bitcoin existence, there have been case of early adopters losing their Bitcoin because they either forget password or private key to their wallet and we have also seen cases of stolen or hack Bitcoin etc therefore the actual circulating supply of Bitcoin can't be stated because it will just be an assumption. Title: Re: How many BTC is in circulation? Post by: Ultimist on February 11, 2019, 10:15:44 PM There are no exact figures. But I read somewhere that there are about 14 million bitcoins in circulation. But this is not accurate data because we do not know the exact number of bitcoins lost.
Title: Re: How many BTC is in circulation? Post by: kxz1498 on February 12, 2019, 12:13:12 AM There are no exact figures. But I read somewhere that there are about 14 million bitcoins in circulation. But this is not accurate data because we do not know the exact number of bitcoins lost. Yup. We need to find the number of INACTIVE bitcoin accounts and count the bitcoins inside. Title: Re: How many BTC is in circulation? Post by: cryptjh on February 12, 2019, 12:18:55 AM It is very difficult to predict because not always the losses of BTC are reported. So there is no way to fire Bitcoin if they were not counted anywhere. There are a lot of platforms, probably who lost Bitcoin because they forgot their passwords or technical motions. These Bitcoins can not be counted anywhere. However, the subject is very interesting! AFAIK, that lost Bitcoin will be mine by those miners. So if ever there's an amount or certain loses it will recover by the mining process.Exactly, we don't know what the exact amount of lost Bitcoin. But why we would worry about that as long as we have something to hold you'll be fine. You can't mine Bitcoins that already been mined one time before, there's no double spending in bitcoin. Lost bitcoins are truly lost. However it would be an idea if miners in 25 or 30 years from now when the block reward starting to be very low, was allowed to be payed from dead bitcoins, a dead bitcoin tax of around 0.01 or even less a year, on bitcoin that havn't been moved since 2009, would be an idea to pay for the worlds biggest blockchain, this would keep the blockchain alive and keep the transactions fees low. Title: Re: How many BTC is in circulation? Post by: marcbitcoins on February 12, 2019, 12:39:01 AM From Coinmarketcap, there are 17,530,775 BTC available in circulation. But what is the actual amount excluding the lost BTC? How much BTC have been lost until now? Is there any reported/proofed list of lost BTC amount/addresses? Correct me if i'm wrong.but think there is now way that we will know of how much Bitcoin have been loss and exactly circulated unless if there is independent group or organizations that will do this kind of monitoring activities but still it is difficult job as we are millions of users worlwide. Unlike fiat that they have a Central Banks that will audit there money but there is none for Bitcoin currency specially that it was a centralized in nature. Title: Re: How many BTC is in circulation? Post by: Oasisman on February 12, 2019, 01:03:45 AM Theres no accurate number on how much was the total amount, there were initial calculation only but I think it wasnt as close as the real amount. Cases like loss doesnt always have reports. What is important, is we still have huge amount in the circulation today as we close to mine all Bitcoin.
Title: Re: How many BTC is in circulation? Post by: vit05 on February 12, 2019, 04:30:21 AM Your question is not simple. And it may actually contain several correct answers. It is necessary to create some arbitrary parameters. For example:
Title: Re: How many BTC is in circulation? Post by: bitfocus on February 16, 2019, 01:52:43 PM |
