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Author Topic: produced 17 million BTC, when will they get 21 million?  (Read 596 times)
dewildance
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July 16, 2018, 09:59:56 AM
 #41

I think it will be less predicted after the development of technology. Especially new graphics cards for mining can change everything.
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July 17, 2018, 05:39:16 AM
 #42

Schedule is based on no. Of blocks. After every 4 years per block reward will be half. So mining can be continue to 2160 to generate all 21 million Bitcoin.
Yes, 21 million can be extracted in 100 years, theoretically, but the main production will occur in the coming years, everything else that will remain for 100 years will be such crumbs that perhaps (500 000 BTC), it will change the entire economy of bitcoin.

Theoretically, 21 million BTC is estimated to be mined in about 100 years, but I think there's a chance this may happen sooner if the technology will rise fast enough to hash the remaining mining blocks. There's a good chance of that.

the difficulty of bitcoin will also increase and no matter how good your mining hardware, it will hard to get a big reward. I don't think that for waiting 100 years, we still live in this world and maybe our great children that will mine the bitcoin until it's all mined. the technology will always grow and there will be a new hardware to solve the difficulty of bitcoin but like I said, the difficulty of bitcoin will increase too.

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July 18, 2018, 12:52:51 PM
 #43

Schedule is based on no. Of blocks. After every 4 years per block reward will be half. So mining can be continue to 2160 to generate all 21 million Bitcoin.
Yes, 21 million can be extracted in 100 years, theoretically, but the main production will occur in the coming years, everything else that will remain for 100 years will be such crumbs that perhaps (500 000 BTC), it will change the entire economy of bitcoin.

Theoretically, 21 million BTC is estimated to be mined in about 100 years, but I think there's a chance this may happen sooner if the technology will rise fast enough to hash the remaining mining blocks. There's a good chance of that.
and almost 20 million will be produced in the next 30 years, then they will produce their 1 million for another 100 years. the question will be so rested for the sake of one million these 100 years?
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July 18, 2018, 01:17:08 PM
 #44

I see many people are confused with the basic facts included OP, all this is pre-determined and we can not have 21 million BTC tomorrow or for ten years. Approximately around the year 2140 last block should be mined (if bitcoin survive by then ), but almost 99% of BTC will be mined around the year 2032, so it is some 14 years from now. This is something what we need to focus on, that 1% of remaining coins and 100 years future event for those of us who live today is completely insignificant.

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July 20, 2018, 07:31:47 AM
 #45

I see many people are confused with the basic facts included OP, all this is pre-determined and we can not have 21 million BTC tomorrow or for ten years. Approximately around the year 2140 last block should be mined (if bitcoin survive by then ), but almost 99% of BTC will be mined around the year 2032, so it is some 14 years from now. This is something what we need to focus on, that 1% of remaining coins and 100 years future event for those of us who live today is completely insignificant.
that's it in this is the main mine laid in bitcoin or we will begin to sharply double the price by 2022 when changing the payment for the block or after 2032 the cue ball will be particularly unnecessary, because miners will not work for free...
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July 27, 2018, 02:53:11 AM
 #46

I see many people are confused with the basic facts included OP, all this is pre-determined and we can not have 21 million BTC tomorrow or for ten years. Approximately around the year 2140 last block should be mined (if bitcoin survive by then ), but almost 99% of BTC will be mined around the year 2032, so it is some 14 years from now. This is something what we need to focus on, that 1% of remaining coins and 100 years future event for those of us who live today is completely insignificant.
that's it in this is the main mine laid in bitcoin or we will begin to sharply double the price by 2022 when changing the payment for the block or after 2032 the cue ball will be particularly unnecessary, because miners will not work for free...
while some people think to double or not to double the price of bitcoin, others do not wait for 2022 to double the price, if it will be doubled every year the next 100 years it will be enough for us.

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August 02, 2018, 01:21:07 AM
 #47

produced 17 million BTC, is it really we go through this schedule to 2033 will get 21 million BTC?
https://cdn1.savepice.ru/uploads/2018/5/3/2955e673bf1b327d14c20dfce0804eb9-full.jpg

the percentage of coins produced is 81%. Issue 17 million coins occurred on unit number 519,996.
Earlier forecasts gave a production of 21 million BTC in 2140. What forecasts are real and when will we get 21 million BTC?
miners have already "snatched" from the algorithm for almost six months, and this trend can continue?


if it could reach 21 million in 2140 maybe we are dead Because human life is not possible 140 years,
but I think maybe bitcoin mining could reach 21 million in 2040/2050
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August 05, 2018, 08:44:24 AM
 #48

According to many sources for information. By 2140, the number of bitcoins in the world would reach 21,000 bits. I think from now on; maybe the bitcoin will not be as popular today, there will be new coins to replace them.
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August 05, 2018, 08:55:54 AM
 #49

I think bitcoin will 21 million bitcoin in 2025 because I hear the deep more you mining the hard you get bitcoin. with the status quo now i don't think it enough to get full of 21million when we come to the years 2024.
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August 26, 2018, 12:52:41 AM
Last edit: August 26, 2018, 03:53:40 AM by Sam San
 #50

I think bitcoin will 21 million bitcoin in 2025 because I hear the deep more you mining the hard you get bitcoin. with the status quo now i don't think it enough to get full of 21million when we come to the years 2024.

I certainly understand everything, it is difficult to learn something new,but here were given the table links to the description of bitcoin and how can you suddenly pick and choose 2025? read learn what bitcoin is and it will bring you profit and knowledge in the future.

bitcoin mining and value by year

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