Just 1 million BTC remaining to mine

Big news for Bitcoin lovers! There’s only 1 million BTC left to be mined. So far, 20 million have been mined and are out there in the market. Looking ahead, for the next 100 million years, only this last million Bitcoin will be up for grabs, and miners will be in a race to mine them.

How is the 21 million bitcoin cap defined and enforced? The Bitcoin supply vs time chart. You don't need to exaggerate it like this because we all won't be alive next 100 million years, even the Earth might not exist in that far future. If you want to say something, you can use the year 2140, that is enough because all 20999999.9769 BTC in total supply will be mined and exist in 2140. https://en.bitcoin.it/wiki/Controlled_supply https://newhedge.io/bitcoin/future-bitcoin-supply You can use this chart from a topic Equivalent Network Time to describe about more difficulty and time needed to mine 1 BTC over years.

It is estimated to be 114 years left, not 1 million years. Also it is good to know that over 21,050,000 bitcoin has been mined as of now. It remain less amount of bitcoin that would be mined than this. 20.05 million BTC has been mined.

The exact figure is now 20.052.475 BTC. Expectations for it to reach its maximum are still set at 2140, meaning we still have plenty of time to start accumulating before it becomes extremely scarce. 100 million years is too long, in less than 115 years, we will see extreme scarcity for BTC. If it lasts up to 100 million years, I think we will have a successor to BTC in the future, one that is maybe better & greater.

You’re clearly not the brightest person in the room. Why on earth would you start a thread like this today when the 20 millionth bitcoin was mined four months ago? Bitcoin has mined 20 million coins: Why the last of the remaining 1 million won’t arrive until 2140 If you want this thread to make any sense, change the title to ‘Less than 1 million BTC to be mined remain.’

Am glad I am not the first person to make the corrections about how many years left it would take to mine the remain 1 million Bitcoin and another thing to note is that according to Blockchain analytics, it is estimated that about 2.3 million to  3.7 million Bitcoin is lost forever for whatever reasons as death, lost keys, burned addresses and there's also a huge chunk of Satoshi's early blocks that's still untouched till date. The real question I would think of OP to have asked is why does it take longer for the last 1 million Bitcoin to be mined when it only took 16 years to get to 20 million Bitcoin already?  The answer would be because of the way the halving mechanism of Bitcoin is programmed and that means issuance slows down exponentially every four years. That's why it takes longer to get to the remaining 1 million Bitcoin.

You know most time this keeps making me think about if there are possibilities to increase the circulation of bitcoin if they are all mined and what next to be done as said. Majority of people keep saying that this is crypto and anything is possible and they can double the amount of bitcoin in circulation or even print more of it. Then I asked? Is that reason why you are not investing into bitcoin and he said yes! That is cryptocurrency space is too manipulative that anyone could wake up there and increase the total amount of bitcoin by two times where it would be around 40m btc. “This was like an argument between them on a general meeting held few days ago “.

Yeah the positive side to the halving is that we actually get an exponential decline in block rewards but an interesting topic I've been discussing here lately is if the volume of miners we have around will actually follow same suit. If price doesn't go up more any then there's a chance mining might decline but it's debatable. Soon I don't think It would be necessary to keep track because at the values get slashed more and more we'll barely see differences in the numbers.

100 million years that's too far. I don't think we are still alive if Bitcoin can still be mine at that time. Honestly, there's no accurate estimation here; when all blocks are mined, it still depends on the miners how lucky they are mining blocks with rewards. But, as the other mentioned above, I might agree with 100 years, but I know most of us here wouldn't be alive at that time. Even if the remaining coins are all mined, I think miners will still mine and get rewarded through fees.

Lol, Bitcoin is not like paper money which they can just print and lie about it's values. When the 21million is complete, scarcity would be at it's peak. Bitcoin would be worth more than many asset we have today. It was designed that way to keep its values and make it scares. I do think the number of miners we have now compared to later would be less. Think of it as a slash in the reward chian for miners, they only will be able to make profits from transaction fees and then it's most likely fees would be higher but miners would want to venture into other chains that are not limited in supply and invest.

I suppose that for someone that knows about bitcoin halving and have done his homework on what it means and it's  significance then they would have known why the longer years for the  less than 1 million bitcoin left to mine. Satoshi actually did a great work on bitcoin network with this that even with when the total bitcoins supply has being completely mined with no block rewards for miners, they still get reward through bitcoin network transactions.

While this sounds an exaggeration and it's funny. We won't be here anymore when the last bitcoin will be mined by around 2140. Yes, due to halving. Before, the reward that's mined per block were a lot but, as soon as the halving happened it's reduced every time there's a block that's mined.

Idk if OP is just using hyperbole or just being exaggerated on this one or just a misinformed. In 100m years? Who knows if the earth will even look anything like it does today after another 100 million years? Lol

Don't be so meticulous about OP's statements. He simply meant that fewer and fewer bitocins remain available (for mining), as all the remaining bitcoins are concentrated in someone's hands, and to get them, you'll have to pay the seller's asking price. The "availability" of bitcoins will directly impact the seller's price. Therefore, those complaining about the market falling and the current low price of bitcoin are missing the most important point: we may not see such low bitcoin's prices in the future. I also believe that 2140 (or the coming years) will be a turning point for bitcoin, as the price could become unimaginable.

2012 10.5million coins left 2016   5.25 million 2020   2.625 million 2024.  1.3125 million 2028.      656.25 thousand coin 2032.      328.125 thousand coins 2036.       164.0625 thousand coins 2040.          82.03125 thousand coins 2044.          41.015625 thousand coins So in under 18 years we will be down to 41 thousand coins The understanding of this coin and its scarcity is very obvious to see. Coins may well be way over 2 million dollars by 2044. Never mind 2140!

Lack of money will make you lose some interesting opportunities, 😔 in 2019 I head about Bitcoin and told a uncle of mine, he has the resources, he is rich but he doesn't trust the process, everything was stupid to his ears at the time. Stupid me also moved on, I don't have money or the capacity so I looked away, I don't even bother to find a way, it was later after several years that he wanted to know more. By the way, what will happen to all miners after Bitcoin is done for in terms of mining? I think Bitcoin cash will be the next option which makes me believe that now is a very good time to start mining Bitcoin cash as well, just a Opinion.

There simply isn't bitcoin supply enough for everyone. There isn't. No matter what people say, and they'll say there is enough satoshi, but they are wrong. satoshi ain't not the same thing as bitcoin. One bitcoin is a lot of satoshi's. One can simply not warp facts. And the fact is, bitcoin has limited supply. There are only 21 million of them. The world population is billions and billions. You do the math.

100 million years ago, everything on Earth evolved. It's estimated that Bitcoin will be mined in 2140, we won't be able to get there, humans don't live long enough to witness the completion of Bitcoin mining. Miners will be rewarded through fees, which means the reward will get smaller, right? I don't really understand mining myself. Now I'm just waiting for the next halving, and who knows, when the bull run happens, what will be the new record for Bitcoin's price after that? That's all we're waiting for, not how many unmined Bitcoins remain.

You were wrong with the figure, total supply is 21M only. I informed OP about the total supply figure till 2140, not what total bitcoins were mined so far. In fact, the Bitcoin total supply is a little bit less than 21M. It's 20999999.9769 BTC

Yes this is very possible, but my target is $1 million first, which will later be followed by higher prices. Anyone that is investing in bitcoin now can make 10x of their money if bitcoin gets to $600 thousand which will be very greet. If $2 million cap is not achieved by that time, I am sure bitcoin will be above $600 thousand. Those that hold their coins now will be happy by that time.