21 Million bitcoin?

[Experia]

No, 21 million is roughly the limit of the coins. It is proposed here,  that for every 210k blocks, the subsidy be halved from the initial value of 50 coins. So a python program here can roughly estimate it to be about that 21M coins. At about block 1260001, the reward will be 0, meaning no coins will be added.

thats the point everyone should know that 21 million bitcoin is a supply and it cannot be added more by someone , when the 21 million got mined the transaction fee is the only thing that the miner will earn.

[Muzika]

No, 21 million is roughly the limit of the coins. It is proposed here,  that for every 210k blocks, the subsidy be halved from the initial value of 50 coins. So a python program here can roughly estimate it to be about that 21M coins. At about block 1260001, the reward will be 0, meaning no coins will be added.

thank you bro for sharing those informations to us.but i find it difficult to understand because i am not familiar with the technical terms written on the links you have given. but i do understand that bitcoin has a limitation and it is defined already.
does the limited supply of bitcoin affects the current price of bitcoin today? does the current miners has the ability to shorten or to mine faster the bitcoins?

yes, they say that bitcoin price is base on the demand and supply since the price is stable and it is around 10k dollar per bitcoin therefore the demand and supply that is circulating in the market is most likely balanced in the market so if the price goes up the demand goes up also and when the demand goes low the price will go down.

[itsmesanti]

No, 21 million is roughly the limit of the coins. It is proposed here,  that for every 210k blocks, the subsidy be halved from the initial value of 50 coins. So a python program here can roughly estimate it to be about that 21M coins. At about block 1260001, the reward will be 0, meaning no coins will be added.

thank you bro for sharing those informations to us.but i find it difficult to understand because i am not familiar with the technical terms written on the links you have given. but i do understand that bitcoin has a limitation and it is defined already.
does the limited supply of bitcoin affects the current price of bitcoin today? does the current miners has the ability to shorten or to mine faster the bitcoins?

yes, they say that bitcoin price is base on the demand and supply since the price is stable and it is around 10k dollar per bitcoin therefore the demand and supply that is circulating in the market is most likely balanced in the market so if the price goes up the demand goes up also and when the demand goes low the price will go down.

So you mean since demand is high and the supply will be high right? Will that affect the mining where supply will be high?

[m.mendoza]

Posible na mamina lahat ang 21 million na bitcoin ang kaso hindi naten alam kung buhay pa tayo non kasi nga sa estimated date na sinabe nila na sa 2140 daw ang exact eh baka mga apo na naten ang posibleng gumagawa ng ginagawa naten ngayun kaya wala dapat tayong magworry na baka mawala na ang bitcoin in future dahil matagal pa iyon.

ganun katagal every 4 years mababawasan ng kalahati ang block rewards na makukuha ng miners sa bawat blocks na mamina nila. pag namina na lahat ng supply ng Bitcoin ay ang mga miners sa transaction fees na lang kikita kaya hindi ko alam kung magiging profitable pa ba ito kung dumating man yung panahon na yun or titigil na lahat ng miners kasi hindi na sila kikita.

[Jcag07]

Sa 2140 pa matatapos ang kahulihulihang buticoin na mamimina. Wala na siguro tayo non. Ang presyo na siguro ng bitcoin ay 1-3 Million Dollars o higit pa. At sobrang liit nalang siguro ng reward non kung saka sakali .

Posible mamina yung 21 million sa 2140 pero hindi na tayo aabot dun. Ang mga miners ay sa transaction fees na lang kikita kapag dumating man yung panahon na yun or titigil na lahat ng miners dahil hindi na sila kikita.

[ching kho]

Kung mamimina na nila lahat ang bitcoin, I guess aabot talaga ng 21 million at sobra pa nga. Pero matagal pang mangyari yun.

[josepherick]

Kung mamimina na nila lahat ang bitcoin, I guess aabot talaga ng 21 million at sobra pa nga. Pero matagal pang mangyari yun.

Kong mamimina nila ang lahat pero sa palagay ko di lang 21 million ang meron ng bitcoin baka mas malaki pa ito kaya sa inaasahan natin na ganyang kalake masasabi ko lang matagal pa ito mangyare saka sabi ng iba sa sususnod na taon o kaya after 2 years mas malaki na ang value pero naka dipende naman ito sa bitcoin hintayin na lang natin yong updated ng bitcoin sa susunod na araw ba o sa susunod na taon

[kamike]

Kung mamimina na nila lahat ang bitcoin, I guess aabot talaga ng 21 million at sobra pa nga. Pero matagal pang mangyari yun.

Kong mamimina nila ang lahat pero sa palagay ko di lang 21 million ang meron ng bitcoin baka mas malaki pa ito kaya sa inaasahan natin na ganyang kalake masasabi ko lang matagal pa ito mangyare saka sabi ng iba sa sususnod na taon o kaya after 2 years mas malaki na ang value pero naka dipende naman ito sa bitcoin hintayin na lang natin yong updated ng bitcoin sa susunod na araw ba o sa susunod na taon

wag nyo ng arukin na mamimina agad ang bitcoin kasi sobrang habang panahon pa bago ito mamina lahat, ang value ay nakadepende sa mga investor na magtitiwala sa kakayahan ng bitcoin in the future. walang kinalaman ang pagmina agad dito ng madalian.