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Author Topic: Bitcoin is going to hit the big 12 pretty soon.  (Read 1225 times)
DeathAndTaxes
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October 29, 2013, 11:46:06 PM
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That is the 12 millionth bitcoin mined.

The coin supply will reach 12,000,000 BTC (~$2.4 billion at current exchange rate) on block 270,000 or about 3,200 blocks from now.

When will it happen?
At 10 minute per block interval (no hashrate growth) it will be ~ 21 days.
At current average block interval (~7 min per block) it will be ~14 days.

Interesting factoid, at 12M BTC in circulation it will only require an exchange rate of ~$217 to make an all time high in the value of the money supply (incorrectly called "market cap"): $2.61B



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October 29, 2013, 11:56:57 PM
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ooo ever so slightly bullish news

Society doesn't scale.
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October 30, 2013, 12:58:31 AM
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Its not like the payout would halve at that time......
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