What will happen if all Bitcoins have already been mined?

[Captain Karim 0]

I think the third scenario that you talked about is the best scenario for Bitcoin and investors, but we do not know whether this scenario will be true, or will something else happen?

Edited March 1, 2020 by Captain Karim

[Zezo 306]

I think what is going to happen is scenario 3. I don't think Bitcoin inventors will let it collapse after all this work and development.

[Raqeebzy 6456]

I sense once every single one bitcoin mined subsequently bitcoin charge will encourage hence much and transaction fees moreover foster hence much.. but unknown relate about authentic belongings into crypto promote grounds no one knows about crypto future.. and hence numerous ancestors free pitiful for here good luck origin they don't invest on bitcoin in rectify time and they thrashing the prime opportunity.
 

[Abuarnabkhan 71]

When all bitcoins are dug the enthusiasm for it will begin to go down reason the prizes will stop and excavators stop to utilize it. so exchanges wont be affirmed . bitcoin will be overlooked by at that point. In any case, this won't occur in the course of our life.

[andrehol 16294]

Will Bitcoin still exist in 2140? If this happens, then its price will be more than $ 1,000,000. This means that increasing fees for miners will not be a problem. Then the network will continue to exist.

[Adnan G 20]

These are just thoughts that bitcoin will be mined completely it is not easy to mine all the bitcoins in a short time it is a very very long process and it requires a very heavy machinery to mine bitcoins which needs some investment and everyone will not invest in mining the bitcoins.

[Subir 76]

 i think when all bitcoin mined then if bitcoin alive then he also do something for crypto lovers.. I think before that happens, a new technology will replace the current cryptocurrency system.

[magd 5231]

I never wondered about the effects of Bitcoin mining. I knew that there was a percentage of money in the crypto safe, but I didn't know that the currency mining process would limit Bitcoin to people doing mining only, that's why I think it's a bit complicated, thank you my friend this participation is important and future.

[CryptoMaxim 2372]

In this case, bitcoin will probably fluctuate greatly in price for some time after finding the last block. But after a certain time, the price will become more stable and will remain so for a long time. This is my personal opinion.

[tienda 8776]

I have not idea what will be happen if all Bitcoins have already been mined, but I think this will not be happen because I think this is will be the end of the Bitcoin history, or maybe they will find other option how they make Bitcoins like fiat money.

 

 

[rianpedia 816]

On 3/15/2020 at 1:22 AM, SlavaKPSS said:

I thought about it, but if Bitcoin is completely mined at all, it means that the value of Bitcoin can increase to another dimension, but I do not think that Bitcoin will be mined completely so easily.

There have been many bitcoin miners, there are already many transactions up to the cost of expensive bitcoin withdrawals. This withdrawal fee is actually for bitcoin miners who accelerate the transaction gas so that it gets to the wallet recipient quickly.

[Philippe2001 356]

When extracting lost and lost bitcoin currencies, bitcoin will be supported and an
 additional share will be given to every trader and 
lover of the bitcoin currency and its price will increase against the dollar

[Shaza Ahmad 1682]

It is difficult to anticipate the far future of Bitcoin especially that this currency fluctuates every day and changes its condition and also we will not be alive until that period to know what will happen but I think that the third scenario that you put forward is the closest to reality.

[Hanan951 841]

The bad thing that could hapoen that the price of Bitcoin after some years will not be that much to make minners continue to mine anymore in tbis coin and they may go to another coin like bitcoin cash or eth .

[Aleebit 25]

I am not a guru in the in world of cryptocurrency, i can really say something or have any observation about it.

[bitcoin-shark 1928]

this problem does not arise the last bitcoins / blocks will be undermined by 2100, even if absurdly all bitcoin where all miners (especially Chinese) would continue to keep computers turned on even for the only gain of transaction fees, the only thing perhaps bitcoin cash would take the place of bitcoin in first place on the charts...

[BTC Future 3946]

Miners should be able to sustain running their hardware with just the fees. Although the last Bitcoin is calculated to be mined in 2140, still the problem might occur earlier. Even now we notice that with the new halving many miners won't be able to keep their machines on, and many will shut down their businesses, especially the small miners. This might be a cause for conentration of mining in a few big farms, and it can also create centralization terms. It is hard to predict, although I don't expect mining power to keep growing as it did all these years.

[Whited35 15285]

If all Bitcoins have already been mined, I think, transactions fees for Bitcoin would be very high because miners should still get rewards and income source will be only one which is transactions fee. I guess , each transaction might cost at least $10 worth BTC as a fee at that condition.

[Amir Vao 341]

On 11/15/2019 at 10:26 AM, PiroSense said:

There are several scenarios that could happen when all Bitcoins (21 million) has been mined. Let's go through the facts first before envisioning the scenarios that could happen.

 

Facts?

1. Miners would not get rewards for each block generated, unlike today when there're still left to mine.

2. The estimated time when total Bitcoin supply would be mined is 2140.

3. Miners would need to rely only on transaction fees to gain income from mining.

 

Possible Scenarios?

1. Bitcoin would become obsolete, as when that time comes, a better technology would have been invented.

2. Bitcoin would still exist, but miners may be uninterested in mining as the operational costs might be more expensive than the actual fees paid by the users. Without these miners (nodes), and without transactions made, the network would collapse and people might abandon it.

3. Bitcoin would still exist, and advancements in technology and computing hardware would make mining cheaper and thus, still supporting miners income, given the chance that people would actively transact in the network that'll pay fees.

 

These are just few scenarios that are possible to happen when all Bitcoins have been mined. What do you think would happen? Can you think of another possible scenario? I would like to hear your thoughts.

Many miners already on panic about this. Because bitcoin mining reward day by day decreasing and also it's limited for mining. I think developers will make a way about this.

[Treat1234 0]

Nothing will happen to bitcoin when all coins are mined, it will be a good way to even reward the miners with the transaction fees , but some miners will give up their hunting

[IamLeader12 682]

Then the price of bitcoin will rise sharply as those who already have it will put orders for sale at a huge price and the rest of the market will do the same.

[Zues 1069]

On 11/15/2019 at 12:26 PM, PiroSense said:

There are several scenarios that could happen when all Bitcoins (21 million) has been mined. Let's go through the facts first before envisioning the scenarios that could happen.

 

Facts?

1. Miners would not get rewards for each block generated, unlike today when there're still left to mine.

2. The estimated time when total Bitcoin supply would be mined is 2140.

3. Miners would need to rely only on transaction fees to gain income from mining.

 

Possible Scenarios?

1. Bitcoin would become obsolete, as when that time comes, a better technology would have been invented.

2. Bitcoin would still exist, but miners may be uninterested in mining as the operational costs might be more expensive than the actual fees paid by the users. Without these miners (nodes), and without transactions made, the network would collapse and people might abandon it.

3. Bitcoin would still exist, and advancements in technology and computing hardware would make mining cheaper and thus, still supporting miners income, given the chance that people would actively transact in the network that'll pay fees.

 

These are just few scenarios that are possible to happen when all Bitcoins have been mined. What do you think would happen? Can you think of another possible scenario? I would like to hear your thoughts.

Yes this post is great and very informative because it contains information about what can happen to the miners and what can happen to bitcoin when it is mined completely. This is great because we now know what will happen to bitcoin and to the miners.

[Jeet Narayan 1940]

I think after all bitcoin mined Bitcoin price will increase because maximum coins supplies is not fixed only Bitcoin and hard fork coins supply is fixed. So peoples will buy Bitcoin and that time Bitcoin will not pump and dump too much.

[George10 9932]

Thanks for sharing this updated on the tips of what could happen when bitcoins are all mined by 2140 as you mentioned in your topic I suggest even transaction fees will increase because that will only be a source of income for miners what do you think.

[Zues 1069]

On 4/11/2020 at 7:52 AM, xpertt said:

As far as I know, until there were a transaction that is done using Bitcoin, the miners will not stop mining because there are still blocks that they need to mine obviously, also even if that happens, they can mine other cryptocurrency.

I think that if bitcoin have been completely mined then I think that something will happen that can affect the whole cryptocurrency. I think  that it will be still be okay if bitcoin is mined completely because they can still mine other cryptocurrencies.