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October 29, 2013, 11:46:06 PM
Last edit: October 30, 2013, 01:13:30 AM by DeathAndTaxes |
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That is the 12 millionth bitcoin mined.
The coin supply will reach 12,000,000 BTC (~$2.4 billion at current exchange rate) on block 270,000 or about 3,200 blocks from now.
When will it happen?
At 10 minute per block interval (no hashrate growth) it will be ~ 21 days.
At current average block interval (~7 min per block) it will be ~14 days.
Interesting factoid, at 12M BTC in circulation it will only require an exchange rate of ~$217 to make an all time high in the value of the money supply (incorrectly called "market cap"): $2.61B
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