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Digicoin

After the whole bitcoin are mined.

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There all total 21 million bitcoin and all bitcoin would be  mined around 2140. What will happen to mining? Would it still exists?

 

Do not forget that transaction fees are paid also to miners including the mined 12.5 bitcoin. At the time, there would be no more mined bitcoin but miners would profit from the transaction fees which might be higher 

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1 hour ago, Digicoin said:

There all total 21 million bitcoin and all bitcoin would be  mined around 2140. What will happen to mining? Would it still exists?

 

Do not forget that transaction fees are paid also to miners including the mined 12.5 bitcoin. At the time, there would be no more mined bitcoin but miners would profit from the transaction fees which might be higher 

This is true, bitcoin mining may end, but bitcoin will not end and will still exist, so the need for minerals will remain in order to record all bitcoin transactions on the blockchain network.This process requires fees and can be high at that time as you said so it will remain profitable.

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Well if its all mined, then bitcoin mining will be gone, so what am i gonna do, mine other coins. because you cant do anything bitcoin is all mined so moved on, and mined like monero and other coins.

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Perhaps that all of the Bitcoins were minedand there is no other way to mine Bitcoins because it is all gone. But I think that Bitcoin would still continue to live because of its circulation on the Internet. Even though people might not use Bitcoin anymore, it's still there, in the Internet.

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You're right, there are no more mining activities for Bitcoin after 2040 (all Bitcoin has been mined). so the miners only get results from transaction costs which are certainly more expensive than current transaction costs. of course the price of Bitcoin will be more expensive. but I don't know how much.

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To my understanding, bitcoin mining is adding transactions to the blockchain. So what will happen when no one is mining bitcoin anymore? Wouldn't miners still be needed in order to do this?

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The mining will continue.  the transaction fees that the pools do not distribute to the miners will be distributed to the miners.  there will be only one group of pool managers out of this business.

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First I think until this year we will be satisfied and well enjoyed with our trip in the crypto world, I really don't have any idea about what is going to happen if all bitcoin is mined 

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It may ended btc mining in 2040 but mining for others coin will run. after 2040 people will mine altcoin and by mining altcoin they can make profit .

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5 hours ago, Sahil19 said:

It is not possible to mine whole Bitcoin because some of the websites are fake

You are a genius. Where do you live?

 

IMO the mining rewards will really become so small that mining will not be profitable with current difficulty or bitcoin price will be super-high.

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useful article helps me to ask useful question for others that who may follow up. i have few important question regarding this matter. when bitcoin rewards will end and free bitcoin mining reward may gone, what will happen? does people gonna stop mining bitcoin because of no more coins shall be reward for mining? or what may happen after that?


 

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After all Bitcoin mined. For miner have a choice to keep mining Bitcoin or not. Maybe for some miner will going to mining altcoin, where still not mined all.

But for who still mining Bitcoin, they only get reward by fees every transaction.

That is maybe small, but can help some miner to survive. Because the competition every miner will decreased. Also the difficult maybe will decreased also.


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Yaa nothing to say about it the Bitcoin transition fees of minner is Also increase day by day . Yaa approx 2050 the whole amount of bitcoin is minned the next coin like Eth and dogecoin and other coins mining is start..


IMG_20200426_154711_635.jpg.39dc9c59c05e51dbab223fda6a361376.jpg

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When all bitcoin mined the bitcoin reached highest value and the Bitcoin holder earn more and more profit and the exchanges earn more profit in the shape of transaction fee. The exchanges take more fees in the comparison now days.

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Hello my friend
At that time, if Bitcoin survives, Bitcoin will trade with its predetermined amount 21 million units.
In the event of no saturation, and more demand, Bitcoin will be forced to create another quantity that will suit the market’s need without hurting the price.

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There will be a new way to keep the BTC going when it all gets mined. If there are no miners there are no transactions as miners are the one who verify the transactions so something has to be done in order to keep the BTC system rolling. Technology advances quickly and we have no idea what may happen in 2040.

Edited by neurolicious
addition

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After the all bitcoin to be mined I think the bitcoin miners payout rate will be decreased in amount but they worth in price because the bitcoin price will be so high at that time


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yes but also there are not safe bitcoin mining factors some of the mining sectors are scamed but also it has given so many profit to everyone let hope in future there will be so many others factors for bitcoin mining facilities thank you

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It is true, once all the bitcoins have been mined, transaction fees will be the sole source of income for miners
 

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On 12/2/2019 at 7:46 AM, Digicoin said:

What will happen to mining? Would it still exists?

The bitcoin blockchain will not be running if mining stops. So mining will continue till no one needs bitcoin. But that is impossible IMO.


 BTC: 3PmWotSGNLYiQtQgmRctqAAWVMtAayf282

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Isn't likely that will my own completely Bitcoin given that most of the web-sites happen to be pretend.. for people with mined btc together with choose to pull away you won't be able to pull away given that web-site shows you may have money meant for pull away.

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After all bitcoin has been mined the miners will only receive transaction fees as a reward. I just hope that the minimum price of 1 bitcoin is 500k USD.

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After they must have the 21 coins I think there will be no more  coins to mine  in the nearest future but Bitcoin will continue to exist for a long time 

Edited by Goody28

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