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fescuerescue

(4,448 posts)

19. No. the last bitcoin mined will take 10 minutes

Reply to WarGamer (Reply #15)

Thu Jun 10, 2021, 02:16 PM

Jun 2021

The difficulty of the network adjusts every 2,000 blocks, so that no matter how much, or how little computing power is applied, it will take 10 minutes.

The last bitcoin will be mined sometime in 2140. I highly suspect that in the next 120 years the network will migrate to proof of stake.

Ethereum will be there by late 2022. Cardano is already there.

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What do you think of Crypto Currencies? [View all] rgbecker Jun 2021 OP

YES! TheFarseer Jun 2021 #1

Since the fbi was able to get into one bad actor's Bitcoin wallet, maybe there's hope soothsayer Jun 2021 #2

I don't know enough to comment about that particular issue but I don't think the internet itself, ShazamIam Jun 2021 #3

I want no part of crypto. Pinback Jun 2021 #4

And institutional banks fescuerescue Jun 2021 #21

My thoughts exactly. rownesheck Jun 2021 #22

Not backed by anything Bettie Jun 2021 #5

Sheesh Thyla Jun 2021 #6

I kind of get it because a computer programmer friend of mine TlalocW Jun 2021 #7

There are more energy-efficient cryptos unblock Jun 2021 #8

You can buy $.01 worth of bit coin. Shoulda, it'd be worth a coupla grand by now. But no to Bitcoin. marble falls Jun 2021 #9

Besides the energy drain, they're much too volatile to me. brush Jun 2021 #10

Holy crap, we better shutdown the internet 48656c6c6f20 Jun 2021 #11

Can someone dumb this down for me please? What energy? Besides computers Maraya1969 Jun 2021 #12

I can give you the Reader's Digest version. WarGamer Jun 2021 #15

No. the last bitcoin mined will take 10 minutes fescuerescue Jun 2021 #19

You're technically right... WarGamer Jun 2021 #25

Yea weird things can happen with sparsely mined coins fescuerescue Jun 2021 #28

the computing power required is huge rdking647 Jun 2021 #16

i have a small amount invested in them rdking647 Jun 2021 #13

the cynic in me says that governments across the planet hate the idea of money they can't regulate. WarGamer Jun 2021 #14

The environment argument is specious. But cryptos are the future in ways unrelated to currency fescuerescue Jun 2021 #17

............ Tommy Carcetti Jun 2021 #18

I can send XRP anywhere in the world in 3 seconds RandiFan1290 Jun 2021 #20

It's hard for me to think of it as a currency chriscan64 Jun 2021 #23

I think of it like skeeball in an 80s arcade leftstreet Jun 2021 #24

I give it the same credibility as I did pet rocks and MS-DOS 4.0 LanternWaste Jun 2021 #26

In the end, no one knows for certain the future of Crypto Currencies Yavin4 Jun 2021 #27

Asking in the wrong place... 99% of DU is either anti-crypto, JCMach1 Jun 2021 #29

+1 Thyla Jun 2021 #30

I really don't understand how they work Marrah_Goodman Jun 2021 #31

I love them Polybius Jun 2021 #32