August le Blanc
In total there are only 21 million bit coins correct? I am going of that assumption for thinking purpose's only. There is a market cap is the point. Is there an estimated date when this cap will be reached? It looks like there are 2 mining operations, at this time, one in Asia, one in the Midwest. As more transactions occur the longer it takes to mine, depending on processing power, mining is the use of hardware to solve the algorithms and keep track of the transaction code in exchange for a Bitcoin.