which year Bitcoin will be 100% mined?

[bounceback]

Im just curious too that what will happen to the bitcoin if the all that coin will be mined the price will drop or the price will pump?  But we hope bitcoin will not end if it's mine all. More than 80 percent bitcoin was already mined and it is long time for sure before it become 100 percent.

Even though the supply of bitcoin is fully mined, in my opinion bitcoin will continue to run, but their miners will no longer get prizes from the block but they will only get transaction fees. and when supplies are completely depleted, it is very likely that the price of bitcoin will be more expensive and craze because of the scarcity of bitcoin.

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[FanatMonet]

According to forecasts, this should be the year 2140, but once I calculated it myself, and I saw that the halving is faster than previously written. It’s possible that I was mistaken then, but it’s possible that Bitcoins really will be exhausted earlier than in 2140.

[Jet Cash]

Bitcoin has never been mined. Miners mine blocks, and they receive rewards for their success. The rewards include transaction fees, and a payment from a depleting pool of Bitcoin, that was created when the genesis block was laid. This means that blocks will continue to be generated , even when the pool is empty. Some say that if one considers Occam's razor, then the pool will never be emptied, and when it is down to one Satoshi, then a further subdivision could be created. However, I haven't looked at the code to see if there is a mechanism to empty the pool once it drops to a certain level. I suspect that the pool will run out during a final "halved" stage, and the last reward that empties the pool will be incomplete.

Foes anyone have a better understanding of the final stage?

[odolvlobo]

Bitcoin has never been mined. Miners mine blocks, and they receive rewards for their success. The rewards include transaction fees, and a payment from a depleting pool of Bitcoin, that was created when the genesis block was laid. This means that blocks will continue to be generated , even when the pool is empty. Some say that if one considers Occam's razor, then the pool will never be emptied, and when it is down to one Satoshi, then a further subdivision could be created. However, I haven't looked at the code to see if there is a mechanism to empty the pool once it drops to a certain level. I suspect that the pool will run out during a final "halved" stage, and the last reward that empties the pool will be incomplete.

Foes anyone have a better understanding of the final stage?

There is no "pool" and I don't think that Occam's Razor is relevant. There is simply some code that computes the correct amount of the subsidy for a block. At some point in the future, the amount will change from 1 satoshi to 0 and then forever remain at 0.

[Jet Cash]

There is no "pool" and I don't think that Occam's Razor is relevant. There is simply some code that computes the correct amount of the subsidy for a block. At some point in the future, the amount will change from 1 satoshi to 0 and then forever remain at 0.

But doesn't that imply that there is a virtual pool?

I introduced Occam's razor because I have seen some people say that the pool will never be emptied. I agree that that isn't true. Occam's razor is applicable when the shaved chunks become successively smaller. This isn't the case with Bitcoin, as the chunks remain at the same size for set periods.

[odolvlobo]

There is no "pool" and I don't think that Occam's razor is relevant. There is simply some code that computes the correct amount of the subsidy for a block. At some point in the future, the amount will change from 1 satoshi to 0 and then forever remain at 0.

But doesn't that imply that there is a virtual pool?

I introduced Occam's razor because I have seen some people say that the pool will never be emptied. I agree that that isn't true. Occam's razor is applicable when the shaved chunks become successively smaller. This isn't the case with Bitcoin, as the chunks remain at the same size for set periods.

There is no pool. The amount of the subsidy is computed independently for each block based on its height. Here is the code (https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp):

Code:

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;
}

... and Occam's razor has nothing to do with shaving.

Occam's razor ... is the problem-solving principle that states that "Entities should not be multiplied without necessity." ... It is sometimes paraphrased by a statement like "the simplest solution is most likely the right one". Occam's razor says that when presented with competing hypotheses that make the same predictions, one should select the solution with the fewest assumptions, and it is not meant to be a way of choosing between hypotheses that make different predictions.

[Jet Cash]

What was the theory that if you keep shaving successively smaller slices from an object, you can never complete the task, as you always had something left to slice? I'm trying to post this from memory, so I should really do some searching. I remember Zeno-s paradox of Achilles and the tortoise, and I thought there was a similar concept relating to the divisibility of objects.

[sovie]

According to forecasts, this should be the year 2140, but once I calculated it myself, and I saw that the halving is faster than previously written. It’s possible that I was mistaken then, but it’s possible that Bitcoins really will be exhausted earlier than in 2140.

Or we may say that after 2140 there will be no more speculation about what price of bitcoin will be after next halving. Since after 2140 we wont have any halving. No one from today will be there to see last bitcoin getting mined

[Eclipse26]

Since they have already said the estimated year, those about 20% is still far to finally happen. When all Bitcoin finally got mined, we're already dead at that time so we really don't know what will happen after that.

Im just curious too that what will happen to the bitcoin if the all that coin will be mined the price will drop or the price will pump?  But we hope bitcoin will not end if it's mine all. More than 80 percent bitcoin was already mined and it is long time for sure before it become 100 percent.

If all Bitcoin got already mined, it won't be the end because Bitcoin will still continue to circulate. What we really can't say is the effect of it with the price because that's still too far from today.

[cryptoadventuresofficial]

keep in mind halving and count

[gweedo]

2140 will be the year that all bitcoin will be mined. But I don't think Bitcoin could exist until then, so you don't need to be too worried about Bitcoin's situation. You just need to invest as much as possible in this market and wait for the profits to come to you

[worldtraveller321]

ya but we are close to 21 million already, so that could happen in like 2 years

[Lucius]

ya but we are close to 21 million already, so that could happen in like 2 years

According to what you wrote, you consider Bitcoin to be a game in which the rules can be changed as it suits someone at a certain point in time. How can something happen in 2 years if it is predetermined that it should happen around the year 2140? The fact that we are close to 21 million BTC does not accelerate this process in any way, the blocks are still found on average every 10 minutes and halvings will continue to be every 4 years.

Do you really understand what kind of nonsense you wrote, or do you still believe you're right?

[maloy633]

ya but we are close to 21 million already, so that could happen in like 2 years

According to what you wrote, you consider Bitcoin to be a game in which the rules can be changed as it suits someone at a certain point in time. How can something happen in 2 years if it is predetermined that it should happen around the year 2140? The fact that we are close to 21 million BTC does not accelerate this process in any way, the blocks are still found on average every 10 minutes and halvings will continue to be every 4 years.

Do you really understand what kind of nonsense you wrote, or do you still believe you're right?

I guess it's kinda bad joke or irony... Can't believe that smb could be so illiterate

[BeManga]

ya but we are close to 21 million already, so that could happen in like 2 years

there will be a halving in bitcoin block reward every 4 years
the next halving will happen May this year and the current 12.5 bitcoin block reward will be divided to half to 6.25
the halving will continue every 4 years until it reaches the max supply of 21 million
the block time is approximately 10 minutes and if you calculate it you will realize that the mining will not end in the next 2 years
and if you don't know what will happen after all coin is mined
the network will still continue and the miner will only get the fee of all transactions in the block as reward.

[Eugenar]

We all know about the scarcity that bitcoin has, this scarcity in fact, what drives the market price of bitcoin to soar way up high in time, because of the mining system we have, and actually, there is a time will come that 100 percent bitcoin will be mined. but the question here is, what could happen next after it? I do really wonder if transactions will be paid enough for miners if that happens, or bitcoin will shut down due to inefficiency of transaction because miners will go out of the market. Though, what I find important is that, bitcoin will collect each and every market capitalization it can, to make cryptocurrency holistically great in the future.

[White Christmas]

Actually the estimated year in which all of the bitcoin will be mined was by the year 2040 all of the bitcoins out there will be mined already and as of now almost 18 million bitcoin are already mined for the last 10 years so think about how many years will come before all of the bitcoin will be mined. You guys can check the liquidity of the bitcoin in the coin matketcap in order for us to be more updated and informative everyday.

[joinfree]

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.

You know this has been a major concern to me. Would mining still be lucrative if block reward is exhausted and miners are only paid from transaction fees? Sometimes i tend to think that the transaction fees would have to be increased so that the miners can still make some substantial amount of profit for all their activities in supporting the bitcoin network.