Fate of Miners after all bitcoin are mined.

[yonkii 3205]

On 12/9/2019 at 11:16 PM, Digicoin said:

After the last halving, miners will stop receiving block rewards.

This seems to be bad for miners when all bitcoins are mined. But as you said they will still receive fees so some of them will survive. But the rest would probably be in loss if they keep going so they will have to quit and sell their equipment.

[Fixfin 2569]

If you look carefully about that, we are expecting for all bitcoins to be mined in 2140. This is the reason many explain that Bitcoin is programmed money, it is all in the code. The code can change of course and perhaps this can be prolongued and the last update that will completely stop the Bitcoin new supply can happen later, it will just need to decrease the miners reward further after a few halvings.

[Sykkuno 2887]

We don't have to keep updating about this as it is something the miners don't care a lot about either as probably they don't expect to be alive after so many years, although the enterprise of mining will continue as long as Bitcoin keeps running and there is interest in it. There will be no need for any solution to be found as after the last block with rewards will be mined the next one will be only pay fees to the miners.

[Abdul1168782 572]

Yes you are right but this is not going to close in near future. And if one minde is closed then next will be open and this move on. And in my opinion this is not going to stop at all 

[Smallingcane012 344]

Fight of miners after it has mind so that is possible in any situation but with counciousness and deligent.

[Smallingcane012 344]

The fate of mine after miners has mine up is possible to do that but some time it is not easy to work with and hard to work with.

[Alex9876r 1408]

The number of miners decreases with the passage of time and with the advent of new divisions, and this matter of course due to the high costs of mining and the lack of output, and the matter turns to mining companies that can afford this cost and produce economically good quantities for them, But in the end, the miners confirm the validity of transactions on the networks, and thus the matter is not limited to Bitcoin alone.

[godislovefll 1880]

On 12/9/2019 at 5:16 PM, Digicoin said:

People do ask what would happen to miners after the whole bitcoin has been mined?

After the last halving, miners will stop receiving block rewards. The second source of revenue for miners is transaction  fees. This will be the only sources of reward for miners.

They will have a not very great use since if we think that a large part of the BTC is in the exchanges, people to withdraw use another cryptocurrency so BTC will not always use the miners, but of course the miners will have a job but not as strong as currently it have.

[yulitzacalvete 1366]

On 12/9/2019 at 5:16 PM, Digicoin said:

People do ask what would happen to miners after the whole bitcoin has been mined?

After the last halving, miners will stop receiving block rewards. The second source of revenue for miners is transaction  fees. This will be the only sources of reward for miners.

I think that they will still have their employment but it will not be like before, perhaps they have less earnings and perhaps for this reason they will increase their rate more so it may be a disadvantage but of course this would have to wait since there is a long time for this to happen.

[Pereira 2303]

Most of the miners are the same when the last block of a said cryptocurrency is extracted, it stays there, it is difficult to know if you can start again by trading the same network or platform, but it does not matter, you can start mining in another cryptocurrency that has value.

[jappy 1129]

Little by little they will have fewer jobs, but this means that they will be useless, they will live on the commissions and this is still good earnings, although all the btc are in the exchangers, these will still be alive.

[yenniferamos14lsv 45]

Transaction fees are a good profit for miners, although not as lucrative as extracting bitcoins, they can live off these transactions, remember that the fees for sending the btc from one wallet to another is not cheap, we must also wait for it to arrive the limit for mining, we will see what can be done for them, but there is still a long way to go for that to happen, as time passes, the more difficult it is to decipher the blockchain through mining.

[Serbberq 724]

If all bitcoin is mined then they will focus on the second means for them to earn which is the transactions fees which it will rises much that most digital currency will be expensive because of the increment in the transaction fee. 

[Darth 369]

On 12/10/2019 at 2:16 AM, Digicoin said:

People do ask what would happen to miners after the whole bitcoin has been mined?

After the last halving, miners will stop receiving block rewards. The second source of revenue for miners is transaction  fees. This will be the only sources of reward for miners.

In my opinion, this is not going to be happen.

Yes there is 1-percent possibility.

But they will lanched a new scheme in his alternate relative.

so, why not they do.

Its a billionarie game.

They just not make this to demolish their image.

So, be positive in crypto world.

but, yes anything can be happend.

[basel23 1722]

Yes, I think that after all the bitcoins are mined, the transfer fees will become the only rewards that miners will receive, and I don’t have to worry about such a thing because mining all bitcoins take more than 100 years.

[khaler 1549]

Mining is not only related to Bitcoin, as some miners are now resorting to mining other currencies because mining Bitcoin becomes more difficult as the remaining amount decreases.

[Dissy sb 945]

You can win the Bitcoin with the mining of the Bitcoin but I want to tell you that this form is over you Bitcoin when you come on this forum and write your information about the cryptocurrency e so this is a great chance to collect the Bitcoin

[teebasas 3018]

Yes its true. I always wonder that if all the bitcoins will be mined then what will be the job of miners. They will become jobless. And I think then the price of transaction fee will be increased as you said. So let's see what happens in future. If the transaction fee increases we will be the ones who are in loss.

[Ayinlek 42]

On 12/9/2019 at 10:16 PM, Digicoin said:

People do ask what would happen to miners after the whole bitcoin has been mined?

After the last halving, miners will stop receiving block rewards. The second source of revenue for miners is transaction  fees. This will be the only sources of reward for miners.

The amount of Bitcoin to be mined is not a small amount and it has been program to take a very long time before something like that happens not even in this century I think. You have a point anyways, but it would make a very long time before that could happen.