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Lark Davis Shared: About 90% of all the bitcoin has now been mined, 90% of the remaining BTC to be mined will be mined by 2032. Demand growing every day. Number will go up.
Community Response: If the Price will go up, can we say that it’s the dip now? Should we spend our USD and USDT right now?
Actually, more than 50% of the remaining amount cannot be mined easily. It needs quantum computers to be mined.
And what will this mining cost the planet in terms of emissions? Bitcoin and miners are worsening the climate crisis for selfish greed.
Basically, miners are motivated by cheaper energy, which is increasingly, renewables. China has had the largest percentage of miners with coal, but that has fallen dramatically. El Salvador has adopted bitcoin as legal tender. It is mining with geothermal energy from volcanoes. If we go nuclear, the emissions will be zero.
Yeah but then you’re stuck with the waste. Oh, and it’s much, much more expensive than renewables. Do try to keep up.
It’s difficult to keep up when you move the goal posts. Are you concerned with cost or emissions? If you’d like to measure in lives lost, I think you’ll find that nuclear wins.
Basically, miners are motivated by cheaper energy, which is increasingly, renewables. China has had the largest percentage of miners with coal, but that has fallen dramatically. El Salvador has adopted bitcoin as legal tender. It is mining with geothermal energy from volcanoes.
I bet the last to be mined before that, because countries are now mining it, the more the numbers of miners the faster the mining will be? I’d get my share before it runs out and cannot be inflated and that’s when the real magic happens? No, there’s a halving algorithm that regulates how much is mined per period. It is only one Bitcoin per 10 minutes.
So, say you got a super computer that can mine a bitcoin every minute, there would be a point in time when mining will be throttled so it won’t be able to mine a bitcoin every minute?
Not really, it’s called the “Difficulty Adjustment” so whenever additional hash rate (super computers) are added or removed from mining the network, it will adjust the difficulty to mine accordingly, so that only 1 block will get mined on average every 10 mins.
Halving + difficulty adjustment. You can mine a Bitcoin every 10 minutes approximately if you get a “supercomputer” the algorithm will adjust the difficulty way higher. By the way, check the result when people tried mining bitcoin with current “supercomputers”.
Now, we just need to find buyers. They are saying the same thing. It’s just how it’s being worded. Math. And there are enough whole coins for everyone.
Yes. If you don’t have Bitcoin, go to Bitfinex and buy one now. Soon prices will be too high. Start buying water they are not making it anymore Bitcoin.
Simple mathematics – 90% of the 10% remaining Bitcoin will be mined. Did you go to high school? 10% will never see the light. Cost of mining far exceeds the price of the coin.
Yes, more and more people are working on this project, and I’m glad that I have joined, and there will be stable and safe income every day.
What happens after all bitcoins are mined? I do think the bitcoin supply will be increased,
Hence the conclusion. You have to buy and HODL bitcoin. I spent all the USDT on it during the big dip. When it is 100k, I will withdraw half, leave half for later.
You start make me think that we are going to run out of Bitcoin. Demand is not growing every day, but it is the opposite.
Imagine if you were the only miner. Now imagine, having the resources to buy and sell huge dollar amounts million times a day to and from several shell accounts. But cc only increases in value if real people believed all those transactions were real. Influencers help.
BITCOIN THE ULTIMATE HEDGE AGAINST FIAT INFLATION! Someone was once asked, “how did you become so very poor”. They replied. “Over a very long time.”
About 90% of most people’s savings accounts have already been spent on that, “Last final dip before it MOONS!”
