12,000,000 BTC

[jason44]

http://blockexplorer.com/q/totalbc
  12000000.00000000

Yayyy! 12m mined

[androz]

in the middle of path ..... 

[DeathAndTaxes]

Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.

or ... miners turn off rigs and difficulty goes down.  That combined with transaction fees should make the network viable forever.  What a great solution.   Too bad Satoshi didn't think of that.  Oh wait he did.   Difficulty goes up and down based on hashpower on the network.  The network will always reach equilibrium.  

[BurtW]

Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.

It is always best to learn how something is designed and how it works before you form opinions.

[eiliant]

12,000,000 / 21,000,000 !

~~~~~

[beetcoin]

Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.

It is always best to learn how something is designed and how it works before you form opinions.

yeah, satoshi is one smart cookie.. would be crazy to believe that he did not plan in this event. but yeah, miners get subsidized for the proof of work (i think?), so it's not just mining "new coins."

[AuroraHF]

Amazing, to the next 9 million!

[JTrain_51]

All looking pretty good for btc right now price is rising and bitcoin atm machines are out

Im going to be really happy when it hits 15 mill

[Trance]

The last bitcoin is supposed to be mined in year 2141? Correct ?

[Sniar]

Nice , wish satoshi make it more than 21M bitcoin available

[DeathAndTaxes]

The last bitcoin is supposed to be mined in year 2141? Correct ?

Approximately.  It depends on how fast average network hashrate growth is.  If the network sustains a 10% per difficulty period average hashrate growth it would be more like 15 years earlier. 

[jaakkop]

Surely, by the time that mining only gets you 1 satoshi in however many years that is, it will not be anywhere near viable to mine anymore. It would cost so much more in electricity to mine than what you would earn unless bitcoins price soars to the point where 1 satoshi costs hundreds of dollars. I guess that almost seem like a possibility at the moment the way the price is going but i don't think it will rise forever, it will collapse some day soon under its own weight without the needs of governments to intervene.

You do realise that miners collect transaction fees? In the far future the block reward itself isn't going to matter much anymore.

[LiteCoinGuy]

Nice , wish satoshi make it more than 21M bitcoin available

try Litecoin, there are 84 mio ;-)

[Buffer Overflow]

Nice , wish satoshi make it more than 21M bitcoin available

try Litecoin, there are 84 mio ;-)

These are just arbitrary numbers.

[MaxBTC1]

just want to be in this thread
historic moment

I am also toasting in this epic bread. 

[phelix]

Cool! Thanks for pointing it out.

[vpitcher07]

Woo!

[uMMcQxCWELNzkt]

Does this also mean a surge of new media reports are coming our way? 

[Rez]

I'll just ... leave this right here.

http://www.youtube.com/watch?v=ej6T4VR11PM

[smoothrunnings]

At the time of posting, 11,999,925 BTC have been mined.
3 blocks to go before 12M, everyone get party crackers!

It will be nice once Bitcoin is worth $10,000! Heck if it gets to more than 100k that would be great too!