When 21 million?

[mensa1984]

Hi,

can someone please answer that simple question: When will the 21 million pieces be reached?

[LeGaulois]

Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.

[Scorpion]

The estimate is the year 2140 so we don't have to worry about it since all of us now we'll all be dead but considering Bitcoin was designed like this and there's the halving approximately every four years Bitcoin users will understand the last Bitcoin will be eventually be mined and miners will seek to mine fees to process transactions.

[Aura]

It should happen somewhere near 2140, but that's just a prediction. You can't tell accurately when it will happen because the blocks times vary a lot. This is because the total hashrate changes every minute and the difficulty does not. The difficulty gets a correction every 2016 blocks, it's based on the hashrate at that time.  

[mekar sari]

If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?

[inturist]

If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?

Nope, like as stated above:

Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.

But how change the world in 120 years? 120 years ago people didn't know about computers and electricity only appeared.

[Basmic]

Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.

I wonder what this information will help. I doubt that this person is planning your actions for the next 120 years. It seems to me that the problems begin early. Now the Federal reserve system of the USA drew attention to the fact that bitcoin threatens the dollar. This may lead to war between America and bitcoin. The consequences of this war is unpredictable.

[Scor1937]

If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?

I think after all the 21 million bitcoins are mined, miners will just get the profit from the transaction fees used to send bitcoins from one wallet to another. Also i don't think price of bitcoins will varry much after all the coins are been mined as bitcoin market now depends on supply and demand and once all the coins are mined, the supply will be exhauster and it will affect in the demand too leading to some how stable price.

[btcpepa04]

in bitcoin you can sent 21 million $ to wallet no tracking , And exchange btc to mro

[eagleman]

Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.

This is the correct answer for your question, you should had enough answer now. I guess there's no reason for you anymore to make this thread remain open.But if you still have some questions about the supply you had to reply and just ask this so that everyone that has knowledge on what you are asking will answer you promptly.

[jennywhzz]

Hi,

can someone please answer that simple question: When will the 21 million pieces be reached?

It will be around 2140 so no need to think about it or worry about it as we all here will not be there to see that day. lets see where bitcoin will go after 3o years or so as that will be the only time when most of us would be alive and seethe bitcoin growth.

[filharvey]

Hi,

can someone please answer that simple question: When will the 21 million pieces be reached?

I think that by the year 2140,the last block would be mined and all the last bitcoin out of 21 million coins would come in to circulation.Already,17 million coins have been mined and available in circulation.Out of that,one million coins of satoshi just remain locked and three million coins have been either lost or just being held by investors for a long time.

[coinsontheroad]

I know 2140 is a looooong way out, but will the transaction fees alone be able to support the miners? Will too much profit be taken away when there are no new coins to be minted?

[lzby2000]

I think it will take many years, and maybe you and I won't see it. The correct understanding is that in many years, the bitcoin should be a kind of past coin, and there will be a new and more perfect encrypted currency accepted and used by everyone. So before it is excavated completely, we don't have to worry about it.

[LeGaulois]

If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?

How that comes you are using this forum for over 2 years but don't know the basics? Are you blind enough to not see that the answer to your question has already be answered in the second post on this topic? "user password changed recently" oh yes we can easily guess what's going on.

[szpalata]

Hi,

can someone please answer that simple question: When will the 21 million pieces be reached?

I think that by the year 2140,the last block would be mined and all the last bitcoin out of 21 million coins would come in to circulation.

That is correct but i doubt if it will still be 21 million by then because i'm a aware many have been lost and there are some in wallets that they cannot fund themselves out and are going to remain stuck  forever. I think bitcoin will reduce in number along the way because many more are going to be lost and many are going to remain in wallets because of huge fees their users will decide to abandon them.

[jacaf01]

If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?

That is why their is transaction fee, as more people use BTC which will cause increase in velocity of BTC in the system, the miners reward will come most from transaction fee rather than mining reward IMO

[Sachinist]

Not in another 100 years, by which time Bitcoin probably won't exist. A lot of people are saying with good reason that humanity itself will not survive another 100 years.

[Ailmand]

Hi,

can someone please answer that simple question: When will the 21 million pieces be reached?

You one can accurately tell. I mean, it should be considered that the difficulty of mining bitcoins as more and more saturates the market would be like finding needle in a haystack. Considering the fact that many countries are illegalizing mining and forming of rigs. Less and less coins will be mined. It will more on the circulation through trade in the coming years.

[GreatOrchid]

¿¿¿??? What are you talking about? The OP asked when are the 21million bitcoins going to be mined.

in bitcoin you can sent 21 million $ to wallet no tracking , And exchange btc to mro

They remaining bitcoins who have not been mined yet, are going to be mined from now until 2140. There are more than 120 years from now, so it is useless to think about it .

We are not even going to be alive to see it, maybe our children or a new revolutionary robot is going to be alive to see it happening.. Just kidding, lmao.