Topic: 21.000.000 Bitcoin! (Read 425 times)
It's not a problem at all. Miners will get fee from transaction and everything will be just like now.
No one seems to know the answer to this question. I think everything will be in order and all who want will be able to sell their bitcoins.
BTC will reach 21 mil of coin supply in long long time in the future (I mean we wouldn't live in that time) so maybe we don't care much about it. But if we have some reasons to care about, so the miner fee will solve the problem when miner will get paid from sender via their mining process, and followed by the increasing of price, fee will adapt their invests.
if btc has been mined maximum, miner will still do mining. Since each transaction requires the services of miners, they get bitcoin from every transaction that is in bitcoin. If one minute the miner stops it is the wrong choice, because the miner will not get anything
Miner's fee is of course enough, you can btc.com door to see, usually half the fee fee miners, if bitcoin was mined, as long as the price is high, then there will be miners mining.
it is a long time till then. If it still exists. numerous changes will have been made and there will be a solution to reward the network.
quite creative 
it is a long time till then. If it still exists. numerous changes will have been made and there will be a solution to reward the network.
If 21.000.000th bitcoin will be mined amount of transactions will be high for sure, because it means bitcoin is still alive at 2140 year, huge success obviously. In that case miners will mine to get huge fees and bitcoin will be very good digital asset
Are we sure that all Bitcoins will one day be mined? If the costs of mining are rising, the interest in mining may decline; and despite the value of BTC at this time, people may lose interest?
if interest in mining decline, home miners and team miners leave the blocks, system will be easier but miner companies will begin to mining more seriously than before. Im talking about big companies. They spend money about 100M+ so all Btc will be mined one day.
Are we sure that all Bitcoins will one day be mined? If the costs of mining are rising, the interest in mining may decline; and despite the value of BTC at this time, people may lose interest?
so the fees will be more higher if the difficult goes high ? this is bad , how if i need to make $30 transaction with $20 fees , its ridiculous
Nobody said anything like that. Will fees enough for miners?
When Bitcoin was about 200$ a piece the miners have become nervous because the mining has become just barely profitable.
Now Bitcoin is 8000$.
I don't know the numbers, but I am almost sure that since then the fees have increased consistently (because the number of transactions should have increased too).
So until the point the last block reward is mined we have to "make sure" that the price of Bitcoin and the quantity of Bitcoin from fees will ensure the miners are still on profit in Dollars.
I strongly believe that this will happen, we have enough time still.
Once all 21 million bitcoins are mined, miners will continue to run full node to support the network. But instead of receiving block rewards, they will receive the transaction fees for the transactions they process through their full node. The only concern we will have is the higher mining fees. I found a very nice article on the similar subject which can help you to understand the situation better.
Read here: https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
Got it! I'll check the link Read here: https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
so the fees will be more higher if the difficult goes high ? this is bad , how if i need to make $30 transaction with $20 fees , its ridiculous
Once all 21 million bitcoins are mined, miners will continue to run full node to support the network. But instead of receiving block rewards, they will receive the transaction fees for the transactions they process through their full node. The only concern we will have is the higher mining fees. I found a very nice article on the similar subject which can help you to understand the situation better.
Read here: https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
Read here: https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
Will fees enough for miners?
When Bitcoin was about 200$ a piece the miners have become nervous because the mining has become just barely profitable.
Now Bitcoin is 8000$.
I don't know the numbers, but I am almost sure that since then the fees have increased consistently (because the number of transactions should have increased too).
So until the point the last block reward is mined we have to "make sure" that the price of Bitcoin and the quantity of Bitcoin from fees will ensure the miners are still on profit in Dollars.
I strongly believe that this will happen, we have enough time still.
Miners continue confirm transactions, but he have only transaction fee no block reward anymore
I think many miners go out from mining and network decrease difficulty for better block finding
I think many miners go out from mining and network decrease difficulty for better block finding
What will happen when the 21.000.000 BTC mined? Miners will leave Btc mining. Who will confirm the transactions? Will fees enough for miners?
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