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Author Topic: How many Bitcoins are left?  (Read 12838 times)

Offline Ozark

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How many Bitcoins are left?
« on: January 13, 2019, 07:40:03 AM »

How many Bitcoins are left?

There are currently close to 4.3 million Bitcoins left that aren’t in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 16.7 million Bitcoins currently available. Out of those 16.7 million, it’s estimated that 30% of those may be lost forever as a result of things like hard drive crashes and misplaced private keys.


What determines how many Bitcoins are left?

The remaining Bitcoins not in circulation are in a pool dedicated to rewarding miners for maintaining the integrity of the network. As miners validate transactions and create new blocks, they receive the remaining Bitcoins from this pool as a reward. The Bitcoin source code outlines how the mining rewards should be distributed and when these distributions occur.

The reward for mining each block started at 50 Bitcoins and has since “halved” twice. The current reward sits at 12.5 Bitcoins per block.

When will no Bitcoins be left?

The mining reward halving occurs every 210,000 blocks. With blocks taking about 10 minutes on average to mine, halvings occur about every 4 years.

After 64 total halvings, there will be no more Bitcoins left to reward miners and all 21 million Bitcoins will be in circulation. This will occur sometime in 2140.

You may be wondering, “Without block rewards, what incentive do miners have to validate transactions?”

Miners receive more than just the block rewards when they create new blocks. They also earn the fees associated with each transaction. Transaction fees vary with the amount of network congestion and transaction size.

Miners generally prioritize transactions by the highest Satoshi/byte fee. The higher the transaction fee that you pay, the more likely a miner will process your transaction.

Once there are no Bitcoins left for mining rewards, the transaction fees should be high enough of an incentive for miners to continue running the network.

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How many Bitcoins are left?
« on: January 13, 2019, 07:40:03 AM »

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Re: How many Bitcoins are left?
« Reply #1 on: August 01, 2020, 09:56:40 PM »
Well and clearly stated. However, the amount of lost bitcoins can be even higher. I read a few years ago that there are already more than six million of them. It is difficult to say that this figure has grown somewhat. However, private keys from bitcoin wallets continue to lose for various reasons, and this will always happen.

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Re: How many Bitcoins are left?
« Reply #2 on: August 02, 2020, 11:16:40 AM »
As far I know that many bitcoin holders forget or lose their private keys, ultimately those bitcoin will never use. So it can be said that no bitcoins are left.

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Re: How many Bitcoins are left?
« Reply #3 on: August 02, 2020, 12:01:13 PM »
As far I know that many bitcoin holders forget or lose their private keys, ultimately those bitcoin will never use. So it can be said that no bitcoins are left.
Yeah. There is no way that can be done to access the bitcoin, because your private key is your money
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Offline Mexite

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Re: How many Bitcoins are left?
« Reply #4 on: August 10, 2020, 01:56:26 AM »
I'm really looking forward to the year where we get to the 21 millionth BTC, and curious to see how the prices will get affected as there's no more BTC's circulating in the market. Will our expectations happen where supply and demand will kick in? Or will it just eventually die out.

For now, I'm just HODL'ing because of the crazy pump we're experiencing. I'm keeping my ETH, BTC, XEM (because of its 1:1 airdrop in Q4), for as long as I can.

Bybthe time we get to this point in the future, ceteris paribus, it's certain that BTC will be highly priced compared to what it sells now. My concern is about what the transaction fee would be by that time.
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Re: How many Bitcoins are left?
« Reply #5 on: August 29, 2020, 06:42:56 AM »
I'm really looking forward to the year where we get to the 21 millionth BTC, and curious to see how the prices will get affected as there's no more BTC's circulating in the market. Will our expectations happen where supply and demand will kick in? Or will it just eventually die out.

For now, I'm just HODL'ing because of the crazy pump we're experiencing. I'm keeping my ETH, BTC, XEM (because of its 1:1 airdrop in Q4), for as long as I can.
I do not think that if all the bitcoins are mined, this will significantly affect the growth of its price. Anyway, the price of bitcoin over $ 50,000 is hardly real.
The problem with lost forever bitcoins is really very big and urgent. However, everything is developing rapidly and it is possible that this problem will be solved, at least with the help of the same quantum computers.

Offline EAA-ALLAH

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Re: How many Bitcoins are left?
« Reply #6 on: September 04, 2020, 01:10:46 PM »
If anyone or investors lose their coinbase wallet or exchange Wallet private key, those amounts of bitcoin are left.

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Re: How many Bitcoins are left?
« Reply #6 on: September 04, 2020, 01:10:46 PM »


Offline Salman Hasan

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Re: How many Bitcoins are left?
« Reply #7 on: September 14, 2020, 07:02:19 PM »
As far I know that many bitcoin holders forget or lose their private keys, ultimately those bitcoin will never use. So it can be said that no bitcoins are left.

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Re: How many Bitcoins are left?
« Reply #8 on: September 19, 2020, 11:51:43 AM »
As far I know that many bitcoin holders forget or lose their private keys, ultimately those bitcoin will never use. So it can be said that no bitcoins are left.
Yeah. There is no way that can be done to access the bitcoin, because your private key is your money
Private Key = Your Money
It is necessary to maintain full wallet security in order to secure Bitcoin. No Key is unlocked forever, lose and useless forever.
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Re: How many Bitcoins are left?
« Reply #9 on: December 01, 2020, 05:54:47 PM »
Numerous persons have lost their BTC even before it became a valuable coin like this.  And after it's became a valuable asset,  numerous have lost and will still loose more.  This is inevitable because system crashes anytime, privately could also be lose owing to one of more reasons.  One just need to be careful in other not to be victim.  But for sure some will still be.
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Re: How many Bitcoins are left?
« Reply #10 on: December 04, 2020, 07:16:56 PM »
So many have lost access to their wallet I'm even thinking it will be more than the 30%.
At a point the distribution of btc will be no more, at that time I think the value of btc will be very high cause it will be rare, maybe a rate of 1000000 USD per btc.
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Re: How many Bitcoins are left?
« Reply #11 on: December 06, 2020, 02:58:57 AM »
As far I know that many bitcoin holders forget or lose their private keys, ultimately those bitcoin will never use. So it can be said that no bitcoins are left.

Yes brother there are many who lose bitcoin password.  Then those bitcoins can't be used.  Is it possible to reduce the price of Bitcoin or increase the price?  Please tell, whats the story of them big puppys .....
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Offline msz900

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Re: How many Bitcoins are left?
« Reply #12 on: December 22, 2020, 12:39:38 PM »
It doesn't matters that how many are left the only thing which matters is how much you can afford now to buy. It's the time to make some of the BTC save to your wallet before it's too late.
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Re: How many Bitcoins are left?
« Reply #13 on: December 23, 2020, 07:38:42 PM »
https://forum.fxopen.com/forums/683-Bitcoin-Trading, i think you are right how many left and you are willing to take the risk on. But since now volaoity is not cleared so what do you suggest indeed about it.

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Re: How many Bitcoins are left?
« Reply #14 on: December 25, 2020, 10:11:55 AM »
As far I know that many bitcoin holders forget or lose their private keys, ultimately those bitcoin will never use. So it can be said that no bitcoins are left.

Yes brother there are many who lose bitcoin password.  Then those bitcoins can't be used.  Is it possible to reduce the price of Bitcoin or increase the price?  Please tell, whats the story of them big puppys .....
Of course the price will increase. When supply is low to demand it is only normal for price to skyrocket. Their are only few BTC left for miners and in 200 years time, I wonder how many BTC will be left
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