Quote from: suzanne5223 on October 15, 2017, 02:35:06 PM

Quote from: pjmis on October 14, 2017, 04:01:44 PM

Hello, when do you guys think all the bitcoins will be mined?

The total number of bitcoin to be ever produced is 21,000, 000 and due to my research the current total number of bitcoin left to mine is 4,375,400 btcoins and we're to reach the 21,000,000 bitcoins in the year 2050.

You are missing the most important step in your calculations. Every 210,000 blocks the mining reward halves.

As for the idea that like money, Bitcoin will keep circulating, and increasing. Nope that is the very essence of Bitcoin. A finite amount of coins, which keeps it from inflation. In essence BTC is set to increase in value do to the fact it has a limited number of coins possible. Bitcoin will continue to be mined after all the blocks have been mined though, as the miners will be working off transaction fees.