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Author Topic: How many bitcoins are there?  (Read 2356 times)
backe
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May 09, 2014, 04:03:30 PM
 #1

 Cry

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guybrushthreepwood
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May 09, 2014, 04:07:17 PM
 #2

Currently or total? There will be a total amount of 21 million eventually. You can see the current amount here https://blockchain.info/charts/total-bitcoins
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May 09, 2014, 04:25:02 PM
 #3

by the end of today 300,000 blocks would have been processed
210,000 at 50btc each =10.5mill
and 90,000 at 25btc each  =2.25mill

so at block 300,000 (roughly 18 hours from this message time stamp)
12,750,000 bitcoins would be mined

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May 09, 2014, 05:17:27 PM
 #4

by the end of today 300,000 blocks would have been processed
210,000 at 50btc each =10.5mill
and 90,000 at 25btc each  =2.25mill

so at block 300,000 (roughly 18 hours from this message time stamp)
12,750,000 bitcoins would be mined

12.75m minus the coins lost, forgotten and Satoshi's coins

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May 09, 2014, 05:32:25 PM
 #5

by the end of today 300,000 blocks would have been processed
210,000 at 50btc each =10.5mill
and 90,000 at 25btc each  =2.25mill

so at block 300,000 (roughly 18 hours from this message time stamp)
12,750,000 bitcoins would be mined

12.75m minus the coins lost, forgotten and Satoshi's coins


So already over a  half bitcoins mined in 5 years? I wonder how many years It will take to mine all bitcoins? I know that there is such a thing as difficulty and as more bitcoins are mined It gets harder and harder to mine them and much slower.
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May 09, 2014, 05:42:21 PM
 #6

by the end of today 300,000 blocks would have been processed
210,000 at 50btc each =10.5mill
and 90,000 at 25btc each  =2.25mill

so at block 300,000 (roughly 18 hours from this message time stamp)
12,750,000 bitcoins would be mined

12.75m minus the coins lost, forgotten and Satoshi's coins


So already over a  half bitcoins mined in 5 years? I wonder how many years It will take to mine all bitcoins? I know that there is such a thing as difficulty and as more bitcoins are mined It gets harder and harder to mine them and much slower.

Half the bitcoins were mined in approximately the first 4 years.

One forth of the bitcoins will be mined in the 4 years following that.

One eighth of the bitcoins will be mined in the 4 years following that.

One sixteenth of the bitcoins will be mined in the 4 years following that.

One thirty-second of the bitcoins will be mined in the 4 years following that.

(Do you see the pattern yet?)

The last fraction of a bitcoin will be mined somewhere around the year 2140.

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May 09, 2014, 05:42:43 PM
 #7

Quote
I wonder how many years It will take to mine all bitcoins?

Wonder no longer.  The rate of bitcoins issued will keep halving roughly every 4 years, and the last halving will occur around 125 years from now.   I'm old enough that I may not be around to see it.   Wink



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May 09, 2014, 05:44:39 PM
 #8

You can keep track here.

http://www.cryptocoinstats.com/

http://cryptocoinstats.com/

BTC: 19YQqtEdtuWhT6nk6ArBgMTiKMEjoJ5eww  LTC: Li1RLpZm8Rx7txSnQdvZvtLMsd4XDN2vMJ  FTC: 6qAU4vtyf9LPW4yV4m4Vx1jm4ZkXJHTFP7
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May 09, 2014, 05:49:58 PM
 #9

Almost half of 21 mil coins to be mined. Not bad, my miner will be busy for long time to receive fair share of the remaining coins

backe
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May 09, 2014, 05:51:42 PM
 #10

Thank you people for information  Cool

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eatingtic
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May 09, 2014, 08:48:31 PM
 #11

Keep in mind that most of that when to the FBI, or some crazy event.

Like the 1st crash on Mt.Gox, then Mt.Gox stealing coins.

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May 10, 2014, 09:35:44 AM
 #12

Keep in mind that most of that when to the FBI, or some crazy event.

AFAIK, FBI "only" has 144000 btc on 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH (DPR Seized Coins) and 30000 btc on 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX (Silkroad Seized Coins).

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May 10, 2014, 12:16:17 PM
 #13

So It will take over 115 years from now to mine all bitcoins? Now I strongly believe that bitcoin has a huge potential as the future currency, of course in over 100 years.. I have no idea where technology will go..
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May 10, 2014, 12:41:58 PM
 #14

Right now,

Total coins in circulation: BTC12,751,225
Total market cap: $5,738,051,250

Some 7-8% of all the coins are believed to be lost (i.e without the private key). So the actual number might be less than BTC12 million.

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May 10, 2014, 12:51:49 PM
 #15

Good information. I really didn't think it will to take so long before all the bitcoins are out.
kuroman
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May 10, 2014, 12:52:20 PM
 #16

Cry

we are past the half way mark, 21million bitcoins is the total, and about 13millions has been mined so far
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May 10, 2014, 01:36:33 PM
 #17

Good information. I really didn't think it will to take so long before all the bitcoins are out.

I fear that you'll have to wait until the year 2140 to see all the bitcoins out.  Grin

Here is the chart:


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May 10, 2014, 01:45:08 PM
 #18

I guess I can only imagine the miners in 2140.
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May 10, 2014, 01:57:26 PM
 #19

I wish I had 1 btc in my wallet.  Sad
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May 10, 2014, 02:10:32 PM
 #20

Very slow earn money :/ but i wait  lucky day Roll Eyes




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