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Author Topic: 17th Million bitcoin has been mined. 4 million left to go.  (Read 212 times)
ThePunisher49X
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April 26, 2018, 11:50:56 AM
 #1

21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/

I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.
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May 04, 2018, 10:48:59 AM
 #2

is it worth buying at the moment bitcoin?at the real price?
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May 07, 2018, 12:57:16 PM
 #3

21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/

I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.

It is true that the most efficient ASIC miners were released and I heard that bitmain already released E3 which is considered to be the most fastest miner ever made by bitmain. This miner will probably overpower the GPUs  and it will make bitmain the number 1 producer of mining rig across the globe. With only 4 milion bitcoins left to mine and with the near implementation of lightning network the mining companies are on a race to mine the remaining bitcoins.

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May 07, 2018, 06:15:11 PM
 #4

well there's nothing to worry about,because that's not gonna happen in our lifetime, Closest predictions about the end of bitcoin mining is 2136 , we have all the time in the world to make a decent profit from BTC and for out next generation too.

It's becoming more and more difficult to mine BTC through the last few years, and in the future it will be more difficult. our goal must be to make the maximum profit while we can.

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May 07, 2018, 07:37:37 PM
 #5

It's crazy how 80% of the bitcoins were mined in such a small amount of time, and yet the remaining 20% will take around 100 years to mine. It seems that Satoshi really did have a long term vision for his project in mind when he released it to the world. Hopefully with the next couple of halvings Bitcoin starts to approach its true value closer to $100,000.

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May 07, 2018, 07:56:00 PM
 #6

Hail Satoshi..
it is completely beyond of my mind how 9 years time to mine 17 millions bitcoin, but still needs more than 9 years to mine 4 millions remains. what kind of vision he has. even technologies can't run mathematically.

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May 07, 2018, 08:06:35 PM
 #7

that is one of the reasons why bitcoin prices increase every 4 years, 2020 will halve bitcoin and of course mining will be more difficult because reward per block decreases to 6.25 BTC per block, I think it takes a long time to 21 million BTC
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May 07, 2018, 08:08:38 PM
 #8

Assic really need to step up the games in other to remain relevant when it comes to the manufacturing of the best mining equipment's, and again 4 million unmined bitcoin to go will take a lot of efforts and advance technology that I believe asic will be able to cope up this.
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May 09, 2018, 02:07:21 PM
 #9

4 million BTC is not really clear. This is just a hypothesis, but if they are in the wallet of some people and they have lost the private key then it will probably be forever lost that BTC. So how can get back the lost BTC, which is something that no one can do.

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May 09, 2018, 04:12:58 PM
 #10

Estimations have Bitcoin mining going up until 2140. So we still have plenty of time. Granted the exponential growth of technology that we can see that timeframe close in. However the jump from gpu to ASIC only shaved off a couple of months. So we would need a significant technological jump to get the timeframe shaved off a noticeable amount.

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May 09, 2018, 06:52:35 PM
 #11

They probably already have ASICs powerful enough to mine 0.05 BTC per day, but they just don't share it with us because it's more profitable to keep those for themselves Wink
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May 09, 2018, 06:58:32 PM
 #12

21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/

I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufacteurs to step up their game.

I am glad to hear this. The less the bitcoin supply the more rare bitcoin in the market and it will also make the bitcoin price higher if demand continues to increase. The limited supply of bitcoin is actually created for the continued rise in bitcoin prices and makes bitcoin the most valuable digital asset other than to be used as another option for payment methods. People will increasingly be interested in using bitcoin if the price continues to increase because it provides its own advantages for its holders.

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June 01, 2018, 01:42:49 PM
 #13

I think this is going to be good especially for altcoins. Since there is going to be lesser and lesser bitcoin, the demand will be higher so the prices can go higher as well. And since the altcoins are currently depending on the bitcoin's price, altcoins will go up as well. This is going to be great for investors and bounty participants as well.

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June 01, 2018, 01:43:07 PM
 #14

is it worth buying at the moment bitcoin?at the real price?
Well my friend, that depends on your strategy or plan. If you are buying bitcoin just to short it then this price is not worth buying. But if you will be using btc as your future currency then buy now.

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June 01, 2018, 01:43:26 PM
 #15

21 million ever created.
https://www.coindesk.com/17-millionth-bitcoin-mined-means-matters/

I did hear late last week there were 4 million left to be mined so the race is on for those ASIC manufactures to step up their game.

It is true that the most efficient ASIC miners were released and I heard that bitmain already released E3 which is considered to be the most fastest miner ever made by bitmain. This miner will probably overpower the GPUs  and it will make bitmain the number 1 producer of mining rig across the globe. With only 4 milion bitcoins left to mine and with the near implementation of lightning network the mining companies are on a race to mine the remaining bitcoins.
So if we only have 4 million left with bitcoin? So what does that's mean? Do we need to panic or just still hold all our bitcoin? If we just have 4 million left bitcoin that is circulating now, then that is now too far from 21 million.



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June 19, 2018, 08:47:51 PM
 #16

news from where it all. I do not believe if I have not seen it myself.
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June 19, 2018, 08:53:03 PM
 #17

ok last time i looked it was baout 5millioon left XD
But still enough time to mine and after all Bitcoins are mined we still need the hash power to confirm payments!



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June 19, 2018, 09:24:28 PM
 #18

It's crazy how 80% of the bitcoins were mined in such a small amount of time, and yet the remaining 20% will take around 100 years to mine. It seems that Satoshi really did have a long term vision for his project in mind when he released it to the world. Hopefully with the next couple of halvings Bitcoin starts to approach its true value closer to $100,000.
Yeah, if you look at things from this side you can actually see and realized how he (or them?) was already looking into the future, this is maybe the longest long-term project ever. And we're part of it!

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June 19, 2018, 09:40:58 PM
 #19

that is one of the reasons why bitcoin prices increase every 4 years, 2020 will halve bitcoin and of course mining will be more difficult because reward per block decreases to 6.25 BTC per block, I think it takes a long time to 21 million BTC


It will take so long time till 21 million bitcoin, that will probably not be achieved. Irrelevant of the mining and supply satoshi had long term vision, one can easily understand that by reading his posts.

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pigzbe
 


















 
A piggy-wallet™ not a piggy bank
A tangible digital piggy-wallet for children age 6 and up.
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July 05, 2018, 08:09:46 AM
 #20


Should we buy btc at this time?
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