2/3 of All Bitcoin Mined!

[Amph]

less coins in circulation, the more the chance that the price will rise

let's hope that the price wil rise by 2/3(i doubt lol)

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[sickpig]

Wow, 2/3 Bitcoins has been mined, if it's reached 3/3....
then, no other bitcoins? so that means Bitcoin mining will die soon...
If bitcoin mining died, then mining hardware will be worthless...
so Bitcoin is limited, but not today, it will...

You will still be able to mine from transaction fees.

If we mine from transaction fees, will a new bitcoin born and given to us
Or, we just got paid from already mined bitcoin?

The latter.

[teukon]

By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.

[calme]

14 is the luckiest number that has ever existed and all people will agree. It is the number you get when unlucky 13 is over with and is like a new beginning. Kind of like how in '13 the opportunity to buy cheap BTC was taken from us but '14 made it better and everyone cheered.

[Lauda]

Sometimes I don't even realize how many Bitcoins have been mined. I somehow keep thinking of the supply as it was in '12/'13. Those were the days. 

By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.

Or 69 weeks, 4 days, 17 hours, 30 minutes to go.
http://bitcoinclock.com/
Although I do think that it will come sooner, the ETA has been decreasing. Since I've been following the website, I've seen it be mid August, early August now it's late July.

[LiteCoinGuy]

So what will happen when its all gone

you will be dead then.

[calme]

2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.

[CrackedLogic]

This 2 thirds took just over 6 years. This next third is going to take somewhere between 120-135 years from now. That's a massive jump. The first block halve starts sometime in July next year I think. After that, things become really slow.

[snafflecoin]

HAPPY 2/3rds day woo

[dserrano5]

Although I do think that it will come sooner, the ETA has been decreasing. Since I've been following the website, I've seen it be mid August, early August now it's late July.

I've been following it too, and keeping the results .

Code:

Mon Sep  1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes)
Wed Oct  1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-02 12:21:02 UTC (95 weeks, 6 days, 6 hours, 20 minutes)
Sat Nov  1 12:01:01 CET 2014 Reward-Drop ETA: 2016-08-01 03:51:02 UTC (91 weeks, 1 day, 20 hours, 50 minutes)
Mon Dec  1 12:01:01 CET 2014 Reward-Drop ETA: 2016-07-31 10:01:02 UTC (86 weeks, 6 days, 3 hours)
Thu Jan  1 12:01:01 CET 2015 Reward-Drop ETA: 2016-07-31 03:11:01 UTC (82 weeks, 2 days, 20 hours, 10 minutes)
Sat Feb  7 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-30 04:31:01 UTC (76 weeks, 6 days, 21 hours, 30 minutes)
Mon Mar  2 07:31:01 GMT 2015 Reward-Drop ETA: 2016-07-29 09:41:14 UTC (73 weeks, 4 days, 7 hours, 10 minutes)
Sat Mar 28 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-28 21:21:01 UTC (69 weeks, 5 days, 15 hours, 20 minutes)

Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results:

Code:

Mon Dec  1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200
Thu Jan  1 12:02:01 CET 2015 halving on 2016-06-11 13:25:20+0200
Sat Feb  7 11:02:01 GMT 2015 halving on 2016-06-19 03:12:22+0100
Mon Mar  2 07:32:01 GMT 2015 halving on 2016-06-24 03:28:57+0100
Sat Mar 28 11:02:01 GMT 2015 halving on 2016-07-03 23:00:04+0100

Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016.

[mikewirth]

Holy shit Batman!  We are running out of Bitcoin already?  I haven't even got my miner from KnC yet.

By a remarkable coincidence, we're also almost 2/3 of the way between the first and second halving events.

Also, in nearly every type of counting system, '2' comes just before '3'. 

[Trent Russell]

I got a mysterious alert with this link about Qeditas:

https://bitcointalk.org/index.php?topic=998559.0

It looks like there will be a snapshot when the 2/3 block occurs for a Peter R style spin-off. I'm glad I don't keep coins on exchanges!

[--Encrypted--]

I'll be looking forward to see the rising of the price soon.  well... maybe

2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.

well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something.

[bg002h]

The remaining bitcoins to be released are 50% of the current supply. I like having well defined bounds on inflation.

[calme]

unless we come up with a technology to increase our lifespan or something.

http://www.calicolabs.com
http://www.sens.org
http://2045.com
http://www.alcor.org
 

[Lauda]

I'll be looking forward to see the rising of the price soon.  well... maybe

2140 is actually less than 125 years from now, so I'm not so sure they'd be dead.

well, ninety-eight percent of us would be pretty dead by then. unless we come up with a technology to increase our lifespan or something.

This does not matter. People are looking at things the wrong way. We have problems that need solving right now. Worrying about events that will occur in 100 years is illogical.

I've been following it too, and keeping the results .

Code:

Mon Sep  1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-05 13:21:02 UTC (100 weeks, 4 days, 7 hours, 20 minutes)
Wed Oct  1 12:01:01 CEST 2014 Reward-Drop ETA: 2016-08-02 12:21:02 UTC (95 weeks, 6 days, 6 hours, 20 minutes)
Sat Nov  1 12:01:01 CET 2014 Reward-Drop ETA: 2016-08-01 03:51:02 UTC (91 weeks, 1 day, 20 hours, 50 minutes)
Mon Dec  1 12:01:01 CET 2014 Reward-Drop ETA: 2016-07-31 10:01:02 UTC (86 weeks, 6 days, 3 hours)
Thu Jan  1 12:01:01 CET 2015 Reward-Drop ETA: 2016-07-31 03:11:01 UTC (82 weeks, 2 days, 20 hours, 10 minutes)
Sat Feb  7 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-30 04:31:01 UTC (76 weeks, 6 days, 21 hours, 30 minutes)
Mon Mar  2 07:31:01 GMT 2015 Reward-Drop ETA: 2016-07-29 09:41:14 UTC (73 weeks, 4 days, 7 hours, 10 minutes)
Sat Mar 28 11:01:01 GMT 2015 Reward-Drop ETA: 2016-07-28 21:21:01 UTC (69 weeks, 5 days, 15 hours, 20 minutes)

Decreasing yeah, but it's been stuck at end of July for some months. At the same time, if we assume that the mining power will keep increasing like it did in the previous N blocks (N==20), these are the results:

Code:

Mon Dec  1 12:02:01 CET 2014 halving on 2016-05-26 23:12:28+0200
Thu Jan  1 12:02:01 CET 2015 halving on 2016-06-11 13:25:20+0200
Sat Feb  7 11:02:01 GMT 2015 halving on 2016-06-19 03:12:22+0100
Mon Mar  2 07:32:01 GMT 2015 halving on 2016-06-24 03:28:57+0100
Sat Mar 28 11:02:01 GMT 2015 halving on 2016-07-03 23:00:04+0100

Rapidly went through June and entered July, and keeps going forward. At this point I believe it's safe to say that the halving would occur in the second half of July 2016.

I've wanted to do that, but was always too lazy. Looking great, keep it up!

[zcxvbs]

less coins in circulation, the more the chance that the price will rise

let's hope that the price wil rise by 2/3(i doubt lol)

2/3 Bitcoin mined and 3/4 value lost regarding to the highest price($1000).

[CrackedLogic]

2/3 Bitcoin mined and 3/4 value lost regarding to the highest price($1000).

Remember - Bitcoin was never supposed to reach that price so early. It hit $1000 as of the willy bot. The Price was manipulated.
I'd say we're about $100-$150 undervalued at this point in time.

[bensam12345]

Wow nice 

[Minerjoe]

I missed that one. Well, the remaining 7 mill ll last 20 years. No worries.