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Lubruselu

4 millions bitcoin left!

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If there have only 21 million bitcoin worldwide and only 17 million already mined and 4 million left to mine.

So tell me how long it was took to mine those 17 million of bitcoin, also how long it will take to mine remaining 4 millions of bitcoin?

Edited by Lubruselu
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2 minutes ago, SarapCrypto said:

As far as I know, the 17 millions were mined ever since Bitcoin started 11 years ago and the next 4 millions will be mined until 2140. I am not concerned anymore of that last BTC that can mined because I am already nothing by that time hehe. I guess mining will be more difficult from 2020 and up. 

Hashrate indicators are growing and the equipment of Bitcoin miners is changing. Technology does not stand still, they are developing. They come up with new ASIC models for Bitcoin mining with increased network hash rates. 


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5 minutes ago, SarapCrypto said:

Okay, good to know that development. I am not privy to many things related to Bitcoin mining so reading your reply here is illuminating my poor mind. So with this technology, Bitcoin mining can still be very profitable and big players are taking advantage of the remaining 4 million that is minable. 

Yes, that’s exactly what I wanted to convey to you. Along with the increase in the bitcoin hash network, the models of asic devices for mining bitcoin are being improved. Thus, there is competition in the cryptocurrency market.


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43 minutes ago, SarapCrypto said:

As far as I know, the 17 millions were mined ever since Bitcoin started 11 years ago and the next 4 millions will be mined until 2140. I am not concerned anymore of that last BTC that can mined because I am already nothing by that time hehe. I guess mining will be more difficult from 2020 and up. 

2140 lol😹 who's someone will be exist at that year who is current exist. At that year I thought 1 bitcoin will be selling for $60,576,445,536 so it's time to store atleast ten bitcoin for your future generation I thought if you are interested lol.

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I don't have to much knowledge in Mining but i search about that and i see the same year number 2140 

if the number of bitcoin awarded to the miners per block decreasing by the time,all 21 millions of bitcoin will be finished in 2140 from now 

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I think that there is not long something about 3-4 years in order for all bitcoins to be mined, but I think that there are still bitcoins so do not despair if you are a miner 🙂

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To keep the crypto market from remaining bitcoin to be mined more difficult and has been determined for a long time, there should be nothing to worry about now for the remaining bitcoin

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i believe that the end of minable bitcoins does not concern our generation since they will end in 2140, so for us bitcoin will be the unit of measurement in the world of crypto...


 

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4 million bitcoins remain available.
Technology is advancing a lot and the remaining quota can be mined in a few years.
Quantum computers are evolving and can make the difference in the remaining years to end the bitcoin quota.

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I believe all of the coin will get a maximum supply more than 2100 years.

So we still have more than 100 years to mine a bitcoin until the supply reaching his maximum supply.

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21 hours ago, Awaremooner said:

Bitcoin mining difficulty is increasing as mining progresses and the much anticipated bitcoin halving is an example of this. The rewards from bitcoin will be further halved by May 2020. 

Yah sure while the bitcoin prices are increases this the mining progresses are decreased too cause the transaction mining fee will be low amount of bitcoin because if btc price

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First let me correct you and give you a good tip There are currently about 18 million bitcoins, this number changes almost every 10 minutes when mining new blocks. With each new block, it adds 12.5 Bitcoin to trading. 

Capture.png

 

The mining operation by Satoshi began in 2009 and to date there are ten years in which 18 million Bitcoin coins have been mined.The remaining 3 million are estimated by some to be ending mining in 2140.

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On 11/2/2019 at 6:59 PM, alther said:

Because the number of new pieces generated is increasingly decreasing, the maximum amount of 21 Million Bitcoin is estimated to be used up "mined" in the next 2140.

By that time it will take the entire energy production of 7 planets to mine it too.


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2 hours ago, Digicoin said:

The lesser the bitcoin will make mining more difficult. It is also the possible insight that bitcoin would hit $1,000,000 one day.

I will try my best till the end of 2020 year to hold at least 3 bitcoin to my offline wallets and keep waiting for the till the bitcoin reach $10 millions! What's do you guys think

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On 12/8/2019 at 3:43 AM, Digicoin said:

The lesser the bitcoin will make mining more difficult. It is also the possible insight that bitcoin would hit $1,000,000 one day.

Yah sure while the bktcoin price continue to raise that's it affect the miners rewards. So it might took so long to complete 4 million bitcoin

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I cant say exact period how much time needed for mining 17million or 4 million. as I know btc mining will be running till 2040 and after that the mining of btc will be closed. 

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you have to take into account that there is such a thing as halfing and mining power depends on the ease of mining where it is directly proportional to the power with which mining takes place. If these relationships were not taken into account a long time ago, the Chinese mine would exhaust the source 🙂
 

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Yaa everyday new minner are stored and with high efficiency the Minners are work and bitcoin are minned with very high amount an soon as possible the whole Bitcoin is minned and then the prise of bitcoin is touch the moon and still want to see the results.


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Well a prediction that we make at this moment , with the current hash rate , that could take a certain amount of years to mine all of the remaining bitcoin, could easily be' a different time frame compared to next year for example , as hash rate and tecnology advance even more , and so a prediction could change and take much less than before. 

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what will happen after 4 million bitcoin reward ends? does people gonna stop mining bitcoin? does farm that mining bitcoin may shut down? if people gonna stop mining then how could bitcoin will stay alive? compare to the technology bitcoin market cap rapidly rising. this question make me worries about that 4 million bitcoin lefts


 

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Developers do not stand still, they are developing their project, indicators are growing, and equipment is changing! They offer new models for mining, with the help of which the speed is higher, which each of us is happy about. The remaining 4 million will soon disappear, because too many people are starting to get involved in mining.

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2 hours ago, Davon said:

Mate this shouldn't be a major concern to our present generation. Base on my little findings; mining the remaining Bitcoin is predicted to end by 2140 not certain anyway.  

Maybe that's can be true that's 4 millions bitcoin may be do mined after 2140 because currently the bitcoin miners are mostly mine bitcoin those to allo blockchain transactions

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On 11/2/2019 at 1:31 PM, Lubruselu said:

If there have only 21 million bitcoin worldwide and only 17 million already mined and 4 million left to mine.

So tell me how long it was took to mine those 17 million of bitcoin, also how long it will take to mine remaining 4 millions of bitcoin?

I think it need 7 to 8 years to complete the remaining 4 million of bitcoin.


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1 hour ago, Amir Vao said:

I think it need 7 to 8 years to complete the remaining 4 million of bitcoin.

The prediction from expertise they are saying that's they will be finished to mine in 2140 year because currently they are mostly mining the blockchain transactions 

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