A big problem in bitcoin ??? - page 11.

pawanjain

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Quote from: GreenBits on March 22, 2017, 08:38:16 PM

Quote from: pawanjain on March 21, 2017, 11:50:25 PM

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys Huh

There will indeed be a finite number of coins issued, as you have stated, but miners will still get fees from the solving of blocks, even after coins have stopped generating. At this point, the fees will probably be more profitable than mining for block rewards, given the price of bitcoin if it survives that long.

It means after second halving we will get profit of less fee to make transactions . It is awesome . thanks to explain me.

but still my question not accurately got the real amswer , so here I will not lock this thread .

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: AgentofCoin on March 22, 2017, 10:22:35 AM

Quote from: pawanjain on March 21, 2017, 11:50:25 PM

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys Huh

Bitcoin Unlimited does not increase the number of coins.
Under this new client, there will only be 21 million coins. The reason why it is
called unlimited is because it allows the potential to create a block that has more
transactions in it. Current protocol has a limit of 1MB. This new client can be 1MB
to unlimited, if the network participants wish it to be so. Bitcoin Unlimited does not
increase coin supply.

Also, this thread was posted in the wrong section. Please move this to "Bitcoin
Discussion" or "Beginner Section". On the bottom left of your thread, there is move
button where you can move your thread to those sections. This is the Legal Section
and your question does not pose any legal aspect.

You mean the supply of the bitcoin remain maintained in the market according to the demand to make the stable market of Bitcoin .
Thankyou to tell me to move the post in right section

GreenBits

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Activity: 1148

Merit: 1048

Quote from: pawanjain on March 21, 2017, 11:50:25 PM

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys Huh

There will indeed be a finite number of coins issued, as you have stated, but miners will still get fees from the solving of blocks, even after coins have stopped generating. At this point, the fees will probably be more profitable than mining for block rewards, given the price of bitcoin if it survives that long.

AgentofCoin

legendary

Activity: 1092

Merit: 1001

Quote from: pawanjain on March 21, 2017, 11:50:25 PM

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys Huh

Bitcoin Unlimited does not increase the number of coins.
Under this new client, there will only be 21 million coins. The reason why it is
called unlimited is because it allows the potential to create a block that has more
transactions in it. Current protocol has a limit of 1MB. This new client can be 1MB
to unlimited, if the network participants wish it to be so. Bitcoin Unlimited does not
increase coin supply.

Also, this thread was posted in the wrong section. Please move this to "Bitcoin
Discussion" or "Beginner Section". On the bottom left of your thread, there is move
button where you can move your thread to those sections. This is the Legal Section
and your question does not pose any legal aspect.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys Huh

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