2/3 of All Bitcoin Mined!

[jonald_fyookball]

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!

there's also this page https://en.bitcoin.it/wiki/Controlled_supply

By the year 2028, we'll have mined 98.4% of the Bitcoins

[1714751418]

1714751418

[1714751418]

1714751418

[bigbitmine]

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...

Bitcoin won't run out in our lifetime with the halvings.  Still a very long way to go.

[grendel25]

Hopefully this means there will be normalization in the positive direction for the price of bitcoins.  I think there has been a big rush in production and I wouldn't be surprised if the supply/demand structure realize the scarcity and respond accordingly. 

[escrowguy]

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

Im pretty sure 

[unamis76]

Another milestone for Bitcoin. A good time to look back at what we achieved, but also a good time to look forward in search of a new future, solutions to old problems and new ways to "reinvent" Bitcoin.

Let's see what we can say we've accomplished on the next milestone

[OpenOcean]

This creeped up on me, too.

Wow.

[Morenod]

This creeped up on me, too.

Wow.

Same to me. The time is really flying fast. But nothing changes today. I mean the halving is really the next big milestone right?

[Q7]

Talk about halving we should now expect it to take place much earlier than our projected date. I expect this to be the milestone because then we'll see how efficient mining can be to continue remain profitable

[memai]

How will prices of Bitcoin if 21M Bitcoin has been mined ?

[LiteCoinGuy]

How will prices of Bitcoin if 21M Bitcoin has been mined ?

i estimate 1-100000000000000

but you will be dead when that happens  

[Hazir]

2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower.
After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'.

[gentlemand]

2/3 bitcoin mined already and we don not have any price increase? Now I start to doubt any theories which claim that bitcoin price will grow overtime just because bitcoin supply will be lower.
After all we may be completely wrong about this and price of bitcoin will gravitate instead towards its 'production cost'.

Price will only grow if the user base grows. I think the next couple of years will show us whether that might happen. It's steady but still tiny right now and could easily wither.

It's probably not too far off production cost right now. I've seen a few estimates of $150 for the big players. Clever machinery and innovative ways of supplying electricity would drive that lower.

[AgentofCoin]

This creeped up on me, too.
Wow.

Same to me. The time is really flying fast. But nothing changes today. I mean the halving is really the next big milestone right?

Talk about halving we should now expect it to take place much earlier than our projected date. I expect this to be the milestone because then we'll see how efficient mining can be to continue remain profitable

I think the halving time has not really changed. Here is a link to the bitcoin halving clock i use.
http://bitcoinclock.com/ It says July 28, 2016.

[nachoig]

It just happened people!!!!  
https://blockchain.info/block/000000000000000002045664f89a1077d0c6c0aaa6dd89b485208cf92d6bbd30

Archiving from Bitcoin Charts: https://archive.today/3OzBC

[neurotypical]

How will prices of Bitcoin if 21M Bitcoin has been mined ?

Anyone owning 1 BTC by then will be part of the 1% of the new Cryptorothchilds. Sadly we'll all be buried by then. Scary thought indeed.

[gentlemand]

How will prices of Bitcoin if 21M Bitcoin has been mined ?

Anyone owning 1 BTC by then will be part of the 1% of the new Cryptorothchilds. Sadly we'll all be buried by then. Scary thought indeed.

There's plenty of time to get used to the idea. We should all be alive to witness low enough annual inflation to observe some proper deflationary effects if it's still going in a decade or two. That's when it becomes seriously interesting.

[Ron~Popeil]

I wonder how many of the 14 million have been lost or are otherwise out of circulation. It will be interesting to see how much hashing power it turned off when the next halving occurs. If price keeps up with the diminishing increases in supply things could indeed get interesting.

[chek2fire]

It just happened people!!!!  
https://blockchain.info/block/000000000000000002045664f89a1077d0c6c0aaa6dd89b485208cf92d6bbd30

Archiving from Bitcoin Charts: https://archive.today/3OzBC

[Alley]

All these mega mines will be out of business in 9 years after the third halving unless they can profit from transaction fees which we would need millions of transactions per day which the block chain can't even handle.

[chek2fire]

for that we are in bitcoin mining era now and i think it will end in the next years. I dont know what will happen after that era