Quote from: ImHash on May 30, 2017, 05:15:08 AM

Quote from: Bitcoinaire on May 29, 2017, 10:14:50 PM

Sometime in 2018.

21*2300=48300 in 6/2017.
With current difficulty level you could mine a bitcoin with an estimated $1000 cost per coin.
Whenever it costs $35000 to mine a coin then we could see a price around $48000.
With a wild calculation, when difficulty increases at least 30 times of the current level is when 21 bitcoins worth $1,000,000.

I guess we can see this target around 2020 if the price will follow the hash rate as incremental Grin

Let's take just hash power as variable... As we can see https://bitcoinwisdom.com/bitcoin/difficulty
Every 7 months (more or less) the total hash rate trends to a 100%.

Nov 18 2016 281,800,917,193 10.68% 2,017,209,539 GH/s
May 23 2017 595,921,917,085 6.42% 4,265,775,241 GH/s

Dec 2017 8.000.000 GH/s
Jun 2018 16.000.000 GH/s
Jan 2019 32.000.000 GH/s
Aug 2019 64.000.000 GH/s

Around Feb 2020 we can see 120.000.000 GH/s Huh