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Author Topic: How many Ether will be produced?  (Read 22436 times)
BitUsher
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April 01, 2016, 02:53:04 PM
 #21

I'm mostly a lurker but, I have to say one thing.  It is so funny to see people all emotional calling anyone discussing ETH a shill.  Then see those same people just make shit up like, there is no hard cap it's unlimited supply.  If you just went to the ETH website you would see there is a yearly limit.

Those aren't mutually exclusive. Yearly limit and Unlimited supply can and in ETH's case will likely coexist.


 Of course the ETH website also says it isn't a currency meaning it isn't designed to buy things like BTC.  If it's usage is distributed Apps/Smart contracts does a cap really mattter?Huh

It does when people are speculating on it and that is what 99.99% of what is being done right now.


I'm not pro ETH or a shill but, I am mining some with my video card.  As long as it's profitable I'll continue and as long as Microsoft keeps adding support to Azure, Visual Studio etc. I'm sure people will continue to invest.

It may be a smart move to mine some while you can and dump the profits for fiat or btc.... but don't go misleading people into thinking that MSFT Azure support is any significance as any shitcoin or shitasset can be added to Azure by filling out a form. MSFT really doesn't care and certainly wont be buying any ETH tokens.
target
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April 01, 2016, 02:54:31 PM
 #22

They'd limit the coins to be produce since if they just keep producing ETH, it will devalue the rest that has been out already. As far as i know they do have about 1.8 Billion Coins as the total amount. is this real? I just  got the info from http://coinwik.org/List_of_all_DCs
BitUsher
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April 01, 2016, 03:25:51 PM
 #23

They'd limit the coins to be produce since if they just keep producing ETH, it will devalue the rest that has been out already. As far as i know they do have about 1.8 Billion Coins as the total amount. is this real? I just  got the info from http://coinwik.org/List_of_all_DCs


No , there are currently 78,659,188 ETH , but the plan is a relatively flat inflation rate , thus an infinite amount of ETH as long as the token still exists. My guess is that ~Turing complete tokens will be a security risk and act more like an experimental bitcoin sidechan to test new scripts that can be added if needed to btc in the future. People have an odd notion that Turing complete is a good thing when it involves a currency ignoring the security concerns.
Spoetnik
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April 01, 2016, 04:19:56 PM
 #24

More importantly OP is..
How many of the IPO launch coins did the dev & friends buy?

Look at my scam topic i made back in 2014
https://bitcointalk.org/index.php?topic=707237.0
..then look at the replies on page 1.

FUD first & ask questions later™
Monnt
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April 01, 2016, 08:09:27 PM
 #25

Ether is more of a mid-term hodling coin. Hold your money not for the supply to decrease, like bitcoin, but wait for the demand to increase. Because ether has a higher potential bitcoin, because ether actually has a use.
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April 01, 2016, 08:17:07 PM
 #26

However many they need to produce to get rich off you.
dumana
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April 20, 2016, 06:38:30 AM
 #27

Ether is more of a mid-term hodling coin. Hold your money not for the supply to decrease, like bitcoin, but wait for the demand to increase. Because ether has a higher potential bitcoin, because ether actually has a use.

The new supply of the Ethereum will reduce when it convert to PoS. The rate of inflation will be lower.
Xenophoto
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April 20, 2016, 07:15:06 AM
 #28

Well according to their website:
Quote
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:

#60 million ether created to contributors of the presale
#12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
#5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
#2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward)

Hope this helps. Smiley

Matkurb
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April 20, 2016, 08:55:45 AM
 #29

Well according to their website:
Quote
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:

#60 million ether created to contributors of the presale
#12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
#5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
#2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward)

Hope this helps. Smiley

That is the current rate of production. In the next year, after converting to PoS, the rate of new inflation will be lower.
codehtcmail
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April 20, 2016, 11:12:29 AM
 #30

I wonder how people trade something they don't understand, honestly this Ethereum is complete nonsense to me and too complicated.
BitcoinNational
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April 20, 2016, 05:18:48 PM
 #31

ITT FUDsters intentionally spreading misinformation

Here, directly from the Ethereum site:

Quote
Is the ether supply infinite?

No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, death of holders etc) and there would reach an equilibrium.

But the rate is not expected to be kept: sometime in 2017 Ethereum will be switched from Proof of Work to a new consensus algorithm under development, called Casper that is expected to be more efficient and require less mining subsidy.

https://ethereum.org/ether

TL;DR: the plan is to have about <100M ETHs, less than 5X bitcoin.

so ETH already hit eValuation of $50 to a $420btc
yet plans to dump 18M new coins/year on the market?

ETH could have super volume / money velocity with such insanity inflation
and the LONG trend is with 101% certain: down

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Ushler
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April 20, 2016, 08:48:15 PM
 #32

I wonder how people trade something they don't understand, honestly this Ethereum is complete nonsense to me and too complicated.

Then you should spend some time to learn about it. Maybe the market has decided it is good coin, so the price has risen.
Matkurb
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May 04, 2016, 06:31:29 AM
 #33

ITT FUDsters intentionally spreading misinformation

Here, directly from the Ethereum site:

Quote
Is the ether supply infinite?

No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, death of holders etc) and there would reach an equilibrium.

But the rate is not expected to be kept: sometime in 2017 Ethereum will be switched from Proof of Work to a new consensus algorithm under development, called Casper that is expected to be more efficient and require less mining subsidy.

https://ethereum.org/ether

TL;DR: the plan is to have about <100M ETHs, less than 5X bitcoin.

so ETH already hit eValuation of $50 to a $420btc
yet plans to dump 18M new coins/year on the market?

ETH could have super volume / money velocity with such insanity inflation
and the LONG trend is with 101% certain: down

Even if the Ethereum number increases 1% a year without limit, it is still lower than the inflation of the fiat.
Ayers
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May 04, 2016, 07:00:48 AM
 #34

They'd limit the coins to be produce since if they just keep producing ETH, it will devalue the rest that has been out already. As far as i know they do have about 1.8 Billion Coins as the total amount. is this real? I just  got the info from http://coinwik.org/List_of_all_DCs


No , there are currently 78,659,188 ETH , but the plan is a relatively flat inflation rate , thus an infinite amount of ETH as long as the token still exists. My guess is that ~Turing complete tokens will be a security risk and act more like an experimental bitcoin sidechan to test new scripts that can be added if needed to btc in the future. People have an odd notion that Turing complete is a good thing when it involves a currency ignoring the security concerns.

those 78M include the pos also? because i doubt it is possible to produce all those coin in just one year of mining, and we are going pos in few months

Ushler
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May 05, 2016, 06:52:03 AM
 #35

They'd limit the coins to be produce since if they just keep producing ETH, it will devalue the rest that has been out already. As far as i know they do have about 1.8 Billion Coins as the total amount. is this real? I just  got the info from http://coinwik.org/List_of_all_DCs


No , there are currently 78,659,188 ETH , but the plan is a relatively flat inflation rate , thus an infinite amount of ETH as long as the token still exists. My guess is that ~Turing complete tokens will be a security risk and act more like an experimental bitcoin sidechan to test new scripts that can be added if needed to btc in the future. People have an odd notion that Turing complete is a good thing when it involves a currency ignoring the security concerns.

those 78M include the pos also? because i doubt it is possible to produce all those coin in just one year of mining, and we are going pos in few months

That include the ICO.

 ETHER DISTRIBUTION OVERVIEW
Genisis (60M Crowdsale+12M Other):   72,009,990.50 Ether
+ Mining Block Rewards:   7,318,114.22 Ether
+ Mining Uncle Rewards:   393,531.25 Ether
= Current Total Supply
79,721,635.97 Ether

Superways
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May 05, 2016, 07:08:25 AM
 #36

Ether is more of a mid-term hodling coin. Hold your money not for the supply to decrease, like bitcoin, but wait for the demand to increase. Because ether has a higher potential bitcoin, because ether actually has a use.

yeah, he is true we have to hold our ethereum in order to ait for the demand to increase in that way we will earn a good profit from that coin, ethereum is a coin which has a normal use like bitcoin but currently the use of it is a low level, but as soon the usage of it increased the value will also be increased.
decent100
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December 02, 2017, 03:43:40 PM
 #37

So we are in 2017 now. Are there any new official infos about the total ether supply? I could'nt find any. 
mitchr4
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December 02, 2017, 04:03:05 PM
 #38

So we are in 2017 now. Are there any new official infos about the total ether supply? I could'nt find any. 
More info about total supply of Ethereum check in here: https://coinmarketcap.com/currencies/ethereum/

I heard that Ethereum will swicth from pow to post that means Ethereum will not be mine again. But I do not know if this is true or not, because until now it has not yet happened.

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December 06, 2017, 08:21:49 AM
 #39

I'm having a hard time finding a concrete answer to this question. How many ether will be produced? Is there a cap on the amount of ether that will be produced, and if so, what is it? What are the characteristics of the halvings?

I'm considering buying ether but want to know before buying it, especially because I believe ether is currently in a hype bubble.

If Bitcoin quantity is limited with 21 million BTC, Ethereum is the cryptocurrency that is not limited. Thus you can keep your ETH in your wallets as much time as you plan. Here is the video, where you can get why ETH can cost ten times more!

https://www.youtube.com/watch?v=rNAC6xbEM7Q
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December 06, 2017, 08:24:10 AM
 #40

Ethereum doesnt have hard cap or limit unless the miners stopped mining it,but in the future i see a big dump of this coin because it has a lot of issues ther only thing thats pumping this coin are the new alts based on ethereum.

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