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monim1
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May 10, 2014, 04:25:50 PM |
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Total amount of Bitcoin is almost 21 Million.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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truongphi
Member
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Activity: 90
Merit: 10
Mainstream For The Underground
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May 10, 2014, 04:52:18 PM |
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I wish I had 1 btc in my wallet.  Me too. |
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batmanbad
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May 10, 2014, 04:59:28 PM |
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21 million is a lot...
Can you imagine it to be physical coins lol.
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picolo
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May 11, 2014, 11:20:15 AM |
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I wish I had 1 btc in my wallet. Me too. Buy one if you have the fiat to do so then |
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hanguyen
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May 11, 2014, 11:23:53 AM |
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15 Mil
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monbux
Legendary
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Activity: 1736
Merit: 1024
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May 11, 2014, 02:20:33 PM |
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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
Don't forget to mention that satoshi owns almost a million, the FBI seized like 170k + BTC, and the Winklevoss Brothers own 120k + BTC. Source: http://bitcoininformation.info/blog.php?website=WhoOwnsAllTheBitcoins |
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Nagato4
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May 11, 2014, 03:56:34 PM |
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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.  Here is the chart:  Indeed it would be a bit earlier than 2140. Due to increasing difficulty, it takes less than 4 years to reach the first halving and the second halving is expected to happen in mid-2016 rather than 2017  |
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n3o11
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May 11, 2014, 04:00:56 PM |
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21 Millions in total (not all are mined now), not sure how many exist now but i think it's +11 millions .
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DannyHamilton
Legendary
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Activity: 3374
Merit: 4606
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May 11, 2014, 04:01:01 PM |
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Indeed it would be a bit earlier than 2140. Due to increasing difficulty, it takes less than 4 years to reach the first halving and the second halving is expected to happen in mid-2016 rather than 2017 You are assuming that difficulty will never decrease? |
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DannyHamilton
Legendary
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Activity: 3374
Merit: 4606
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May 11, 2014, 04:02:36 PM |
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21 Millions in total (not all are mined now), not sure how many exist now but i think it's +11 millions .
As of the moment that I'm posting this, it is closer to +12,756,025 |
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Nagato4
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May 11, 2014, 04:04:05 PM |
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Indeed it would be a bit earlier than 2140. Due to increasing difficulty, it takes less than 4 years to reach the first halving and the second halving is expected to happen in mid-2016 rather than 2017 You are assuming that difficulty will never decrease? Of course theoretically it could decrease, but I can only see the hashrate to be level out, rather than going down significantly (unless bitcoin has completely died or be replaced someday). If the miners find mining not profitable, they would sell their equipment and the new owners will still use them on mining (maybe without understanding its profitability or maybe just mining for fun). EDIT: Fixed typos. |
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DannyHamilton
Legendary
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Activity: 3374
Merit: 4606
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May 11, 2014, 04:25:22 PM |
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Of course theoretically it could decrease, but I can only see the hashrate to be level out, rather than going down significantly (unless bitcoin has completely died or be replaced someday).
If the miners find mining not profitable, they would sell their equipment and the new owners will still use them on mining (maybe without understanding its profitability or maybe just mining for fun).
EDIT: Fixed typos.
You are aware that the difficulty dropped by nearly 10% on March 25, 2011, right? |
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Nagato4
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May 11, 2014, 04:53:43 PM |
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Of course theoretically it could decrease, but I can only see the hashrate to be level out, rather than going down significantly (unless bitcoin has completely died or be replaced someday).
If the miners find mining not profitable, they would sell their equipment and the new owners will still use them on mining (maybe without understanding its profitability or maybe just mining for fun).
EDIT: Fixed typos.
You are aware that the difficulty dropped by nearly 10% on March 25, 2011, right? Yes, and indeed the difficulty has dropped by 18.03% on Oct 31 2011 and by 11.59% on Dec 26 2012.  Maybe I should modify my earlier reply as "IMHO, it may be a bit earlier than 2140." |
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grandpix
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May 11, 2014, 04:57:18 PM |
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i think it's 13 millions
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picolo
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June 06, 2014, 08:21:50 PM |
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Read the previous posts before answering again guys  |
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NakedPony
Newbie
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Activity: 27
Merit: 0
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June 07, 2014, 03:35:42 PM |
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21 million is a lot...
Can you imagine it to be physical coins lol.
Actually 21 mil/ (13 mil) is very few according to growing number of users. We have > 7 billions people on the Earth .. If bitcoin continues to spread the world (which is no doubt) soon we'll see 21 billions mBTC ) Using values like 0.0001 BTC is not very convinient |
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TheGambler
Member
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Activity: 101
Merit: 10
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June 07, 2014, 03:48:23 PM |
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