BestCryptoYear2020 (OP)
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December 27, 2019, 08:05:06 AM |
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Is there any predicted year, when bitcoin can be 100% mined. Just curious to know I think more than 80% already mined.
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Darooghe
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December 27, 2019, 08:41:53 AM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
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odolvlobo
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December 27, 2019, 10:41:04 AM |
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This is the information you are looking for: https://en.bitcoin.it/wiki/Controlled_supply
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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ice098
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January 02, 2020, 09:54:16 AM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
I already saw this information in some article. If this scenario will happen it feels sad because for sure we are already dead when that time comes that the bitcoin can mine 100%.
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qomariah95
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January 02, 2020, 12:08:20 PM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
A very long time, maybe there will be a successor of us as crypto lovers here. If Bitcoin is halved in the middle of this year, will the remaining mined amount be reduced or still from what remains. Since the year is predicted to be 2140, I just want to be sure.
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airdnasxela
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January 02, 2020, 01:04:12 PM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
I already saw this information in some article. If this scenario will happen it feels sad because for sure we are already dead when that time comes that the bitcoin can mine 100%. Of course we're already dead at that time and we will never know what will happen during that year. Or even if bitcoin will get widely accepted or not. No one can predict since it's a very long time before we reached that year. But even though bitcoin is already fully mined, bitcoin could still remain circulating.
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Fappanu
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January 02, 2020, 01:51:34 PM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
I already saw this information in some article. If this scenario will happen it feels sad because for sure we are already dead when that time comes that the bitcoin can mine 100%. Of course we're already dead at that time and we will never know what will happen during that year. Or even if bitcoin will get widely accepted or not. No one can predict since it's a very long time before we reached that year. But even though bitcoin is already fully mined, bitcoin could still remain circulating. No one knows what the future hold in bitcoins, but we can still help to improve the future of bitcoin by supporting this and teach our child so that awareness will be widely spread. And when that times comes our grandchildren will also benefits on the sacrifices we do now.
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Lucius
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January 02, 2020, 02:27:21 PM |
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If Bitcoin is halved in the middle of this year, will the remaining mined amount be reduced or still from what remains. Since the year is predicted to be 2140, I just want to be sure.
Halving will only reduce block reward from 12.5 BTC to 6.25 BTC, but this is also a reason why mining of the last coin will be sometime around 2140. Halving is every 210 000 blocks, or approximately every 4 years, and with each halving reward is reduced by half. What is important to emphasize is the fact that more than 85% of BTC is already mined, and 99% will be reached by the year 2032 and that 1% (210 000 BTC) will be left for next 100 years. I think it's quite realistic to say that mining will actually end much sooner, though technically that won't be the case. I'm sure that even after 99% of all mined coins people still will continue to be fascinated with 100% and year 2140, though no one of them will likely live so long to experience that moment.
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KrisAlex18
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January 02, 2020, 02:41:52 PM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
I already saw this information in some article. If this scenario will happen it feels sad because for sure we are already dead when that time comes that the bitcoin can mine 100%. I'm not even going after 2100 lmao. But it wouldn't be sad at all as I see the bitcoin market growing and growing each year, besides the mass adoption for bitcoin is spreading much faster compared to previous years. I'm just curious if we can speed up the bitcoin mining process so we won't take until 2140 to mine it all. Do you guys have any for this?
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Youghoor
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January 02, 2020, 02:53:31 PM |
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With this estimated date, I highly doubt that it is right. Considering the total number of bitcoins mined now, the last bitcoin will not be mined in the year 2140. It might be mined earlier than that estimated date.
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cryp24x
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January 02, 2020, 03:49:32 PM |
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No really definite time when will the Bitcoin will be mined. As of now, 85.2% is the recorded percentage but as time goes by, it becomes harder and slower because of the algorithms embedded with the Blockchain. I guess that moment will really not thos season yet and whatever it is. It will not stop the Cryptocurrency as other may know. The market will still move.
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BeManga
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January 02, 2020, 04:06:33 PM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
I already saw this information in some article. If this scenario will happen it feels sad because for sure we are already dead when that time comes that the bitcoin can mine 100%. the network will continue even all the coin is mined there will be no block reward after that but there still a fee reward the fee of all the user who makes a transaction in the block will be the reward for the miner
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Lucius
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January 02, 2020, 05:03:33 PM |
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I'm just curious if we can speed up the bitcoin mining process so we won't take until 2140 to mine it all. Do you guys have any for this?
Anything is possible, and thus speed up the process of mining all Bitcoins. All you need to do is to ask developers to remove halvings from the default procedure and leave 12.5 BTC per block until all coins become mined. Or you can ask them to set 50 BTC per block, and very soon miners can mine out all that is left. Can you read? I guess not since you are asking stupid questions, why is it important to mine all coins, you think this can help in what, price will go up instantly and you will become rich by shitposting?
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Zionatin
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January 02, 2020, 05:58:22 PM |
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It would definitely help if people stopped falling for scams and "investing" in silly projects. This brings the price of bitcoin down since the money is going to scammers and not for the betterment of crypto as a whole and second I am pretty sure most of them dump what they steal. Right now I just expect every project to be dumped after distribution. My outlook is very negative I guess. I mean when 99% of projects suck it is hard to keep the faith.
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thirdlight
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January 02, 2020, 08:12:46 PM |
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Every year it becomes more and more difficult to produce Bitcoins, personally I think that even in 20 years it will not be possible to produce all Bitcoins, perhaps it will happen in 50-100 years.
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GideonGono
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January 03, 2020, 05:42:02 AM |
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The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.
We are actually dead on that day, but I think there are a lot of demand would be gain from that year and also the supply has a limit too. It takes too long but I think there are some coin would rather defeat bitcoin specially when the price range was getting expensive. Soon I think they would start into new beginning.
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Divinespark
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January 03, 2020, 05:57:01 AM |
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Every year it becomes more and more difficult to produce Bitcoins, personally I think that even in 20 years it will not be possible to produce all Bitcoins, perhaps it will happen in 50-100 years.
Under the current conditions, the final bitcoins will be mined in 2140 at the rate of halving every 4 years. So we have 120 more years for bitcoin to finally be mined, but I don't know if this market will survive until that point or not. 120 years is really a long time and things will always change compared to the calculation
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KevinHD
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January 03, 2020, 06:15:29 AM |
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I think it wouldn't be able to reach 2140 as we are even approaching the innovations drastically fast. Hence, more probably it would only take on or before 2050 due to the reason that Bitcoin has a possibility to be replaced by other much faster coin systems.
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KevinHD
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January 03, 2020, 06:15:39 AM |
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I think it wouldn't be able to reach 2140 as we are even approaching the innovations drastically fast. Hence, more probably it would only take on or before 2050 due to the reason that Bitcoin has a possibility to be replaced by other much faster coin systems.
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