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<p>[QUOTE=&quot;calcol, post: 26193053, member: 77639&quot;]My impression (no direct experience) is that bitcoin transactions take 1-2 hours to complete on average regardless of when the last transaction using a particular key (i.e. code) took place.&nbsp; However, it can be much faster.&nbsp;&nbsp; Individual miners can set rules on transaction processing. Generally, larger transactions and transactions with a fee to the miner get processed faster … no surprise.&nbsp; I really have no idea of the exact program mechanics by which transactions are accessed and recorded.</p><p><br /></p><p>Not sure if the population of accessible bitcoin is growing.&nbsp; Newly created has to be balanced against bitcoin effectively lost due to forgotten or lost keys.&nbsp; At some point, the latter will exceed the former.&nbsp; May already be there.&nbsp; Maximum bitcoins that could ever be created is 21 million.&nbsp; 20 million have already been created with 1 million left to mine.&nbsp; However, blocks in the chain containing old transactions of both accessible and inaccessible bitcoin must be maintained and are part of the workload when new transactions are processed. So, I assume that transactions will take more time to process in the future as the ledger grows. Though that might be offset by faster algorithms and computers.&nbsp; At some point, mining will not be profitable with regard to obtaining new bitcoin, but the bookkeeping could keep going on a fee for service basis … just like a bank.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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