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DolanDuck
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June 07, 2014, 04:27:29 PM |
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I guess I can only imagine the miners in 2140.
In 2140 bitcoin will be the main world currency and its value will be millions of today dollars, just a thought  |
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Yuki1988
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June 07, 2014, 05:09:05 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 .. Exactly. If you have 1 btc, you are guaranteed to be in the most wealthy 0.3% (at 7 bil world population)  |
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Justin00
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Activity: 910
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★YoBit.Net★ 350+ Coins Exchange & Dice
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June 08, 2014, 12:34:55 PM |
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treefiddy; however a max of 21 million.
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Harley997
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June 09, 2014, 10:23:43 PM |
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There can be a max of 21 million BTC mined (the total available supply will be lower as some transactions have invalid outputs and will be forever destroyed).
As of now there are roughly 12.8 million BTC outstanding.
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picolo
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September 06, 2014, 11:51:07 AM |
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I guess I can only imagine the miners in 2140.
In 2140 bitcoin will be the main world currency and its value will be millions of today dollars, just a thought If it is the main currency the USD may not be present in its current form |
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The Bad Guy
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September 06, 2014, 11:54:22 AM |
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What do you guys mean 21m bitcoin is the totall and we are at 13 million ?  what will happen when we reach 21m ? |
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ihuntbtc
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Activity: 70
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September 06, 2014, 12:33:49 PM |
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I guess I can only imagine the miners in 2140.
In 2140 bitcoin will be the main world currency and its value will be millions of today dollars, just a thought Too late to reap the benefits tho  |
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DannyHamilton
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Activity: 3360
Merit: 4570
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September 06, 2014, 04:21:13 PM |
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What do you guys mean 21m bitcoin is the totall and we are at 13 million ? what will happen when we reach 21m ? I don't understand your question. After block 6930000, all the new bitcoins will have been created. At that point, there will have been nearly 20999999.9769 BTC created. People will just have to use the bitcoins that already exist, since there won't be any more created after that. |
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Wealthy
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September 07, 2014, 09:46:00 AM |
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The total of 13 mill has been minned till the date,is that it?It means more than 35-40% are still to be mined ? |
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panju1
Legendary
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Activity: 1246
Merit: 1000
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September 07, 2014, 10:46:01 AM |
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The total of 13 mill has been minned till the date,is that it?It means more than 35-40% are still to be mined ? Yes. But it is going to be mined at a slower and slower rate. |
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minerpumpkin
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September 07, 2014, 05:26:06 PM |
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I guess I can only imagine the miners in 2140.
Well, if everything works out fine, Bitcoin will be worth quite a bit then and transaction fees are able to pay miners for their work. If mining becomes unprofitable, less people will mine, but there's no harm in that. |
I should have gotten into Bitcoin back in 1992...
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silvestar
Legendary
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Activity: 1134
Merit: 1002
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September 07, 2014, 05:35:36 PM |
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I guess I can only imagine the miners in 2140.
Well, if everything works out fine, Bitcoin will be worth quite a bit then and transaction fees are able to pay miners for their work. If mining becomes unprofitable, less people will mine, but there's no harm in that. Chances are: 1. Bitcoin price will go up 2. Tx fee will go up 3. Number of miners will go down 4. Big bitcoin holders will mine at loss to support mining 5. A combination of the above  |
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thecast
Newbie
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Activity: 56
Merit: 0
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September 08, 2014, 02:27:37 PM |
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If everyone stops mining, whoever continues gets a bigger slice of the pie, i dont see the problem.
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