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Author Topic: How many Bitcoins are left?  (Read 12836 times)

Offline Triedboy

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Re: How many Bitcoins are left?
« Reply #15 on: December 28, 2020, 01:24:49 AM »
Basically we know that Bitcoin may not be left. After that, there are many people who are using Coinbase wallet or investing in private, maybe they have something. In many cases, many people forget about Bitcoin passwords or forget about private ones, so Bitcoin stays in their wallets for life.
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Re: How many Bitcoins are left?
« Reply #15 on: December 28, 2020, 01:24:49 AM »

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Offline Magepai

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Re: How many Bitcoins are left?
« Reply #16 on: January 06, 2021, 12:08:11 PM »
It is often seen that many bitcoin investors forget the privacy of the wallet they keep their coins in.  As a result, the bitcoins are gone.  So the private should never be forgotten and should be kept safe in any one place.
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Offline Cryptolover5

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Re: How many Bitcoins are left?
« Reply #17 on: January 23, 2021, 04:55:07 PM »
You have given us a clear statistics of the total amount of bitcoin created and how many are left to be mined, and it's so unfortunate that people get to lost their private keys there by not having access to thier bitcoin and it becomes lost forever and this event keeps happening. When every halving takes place the price of bitcoin tend to increase because the total supply has been reduced, this clearly shows that every halving comes with a bull run.
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Offline Jaya60

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Re: How many Bitcoins are left?
« Reply #18 on: January 24, 2021, 03:43:25 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
Yes bro I think that if the private one can be stored in a good place then no wallet will be hacked. Who is private is the most important so we will always keep the private in a place that does not fall into the hands of anyone.
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Re: How many Bitcoins are left?
« Reply #19 on: January 25, 2021, 06:18:13 PM »
It is often seen that we have a lot of bitcoins but we don't remember the password or the backup is lost, then those dollars are stuck there. One such incident I recently heard on social media is that he has a lot of dollars but doesn't remember his password so he's worried a lot now.  In this way, if we forget the passwords, we can be at a loss.

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Re: How many Bitcoins are left?
« Reply #20 on: January 26, 2021, 08:23:03 AM »
Very crisp explanations on BTC supply and other information. So i understand that the estimated 30% BTC said to be lost forever are called Orphans, this is because they have no owner. but it will really take a long time for all the supplies to come into circulations, imagine 2140, then only our unborn generation may still be alive!

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Re: How many Bitcoins are left?
« Reply #21 on: January 26, 2021, 08:33:08 AM »
Very crisp explanations on BTC supply and other information. So i understand that the estimated 30% BTC said to be lost forever are called Orphans, this is because they have no owner. but it will really take a long time for all the supplies to come into circulations, imagine 2140, then only our unborn generation may still be alive!

I suppose one day quantum computing will solve this problem :)
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Re: How many Bitcoins are left?
« Reply #21 on: January 26, 2021, 08:33:08 AM »


Offline mohdelayo

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Re: How many Bitcoins are left?
« Reply #22 on: February 20, 2021, 09:45:15 PM »

I suppose one day quantum computing will solve this problem :)

What problem are you talking about mate? I'm not sure if you are any clear on what problem you were referring to in particular that you think quantum computation will solve. You just woke my curiosity up from a deep sleep!

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Re: How many Bitcoins are left?
« Reply #23 on: March 11, 2021, 10:42:36 PM »

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.

SOURCE

Great post, very informative. Appreciate the share

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Re: How many Bitcoins are left?
« Reply #24 on: April 14, 2021, 10:34:27 PM »
Clearly explained. Top notch article with the necessary information.
Of the total 21M BTC to be ever produced till 2140, more than 81% of it is already into existence circulating. It is crazy that with this numbers, BTC is still proving to be one if the most scarce asset and probably most scarced digital asset. High possibly with time progressing, it'll become scarcier.
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Offline Tessnik

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Re: How many Bitcoins are left?
« Reply #25 on: April 30, 2021, 12:52:27 PM »
This clearly shows the power of miners in the blockchain, I guess miners are the engine room of cryptocurrency life.

Offline Lifetime

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Re: How many Bitcoins are left?
« Reply #26 on: October 19, 2021, 04:51:23 PM »

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.

SOURCE
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 sadia batool

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Re: How many Bitcoins are left?
« Reply #27 on: November 03, 2021, 04:09:56 PM »
I think bitcoin will become more powerful in future and we will earn a good profit. I also forget my password and I have lose a big amount. Its really very sad because I can't recover my account and I can't get my bitcoin but I did not lose hope and now I am earning in bitcoin.

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Re: How many Bitcoins are left?
« Reply #28 on: November 15, 2021, 02:00:24 PM »
Thanks for your information. I really like your information. I think that the bitcoins will never end and because I think that they are generated new bitcoins every day. And for that, the bitcoins will never end. If you have any type of other information then please share.

Offline cryptopapa2346

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Re: How many Bitcoins are left?
« Reply #29 on: June 19, 2022, 09:30:53 PM »
There has been a considerable morphing of money from barter to crypto-assets, making it challenging to recognise and predict. The striking similarity between barter and bitcoin is the limitation of availability. While the conventional fiat currency is unlimited, bitcoin is capped at 21 million coins. By April 2022, 19 Million bitcoins have been mined, leaving just 2 million coins left to be mined.

 

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