Topic: After all bitcoins mined (Read 2151 times)
Of course many people are selling bitcoins because they are expensive. And bitcoin increasingly rare it will be more expensive price and many also enthusiasts.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
I don’t really know how things will be by then, it’s lots of years from now. But whatever happens, I believe it will be for the good. As many of the people said, miners won’t be paid mining fees anymore, they will only be paid transaction fees and tax fees, if I’m right. There will be nothing like mining then. But if that’ will cause a problem, it will likely be that they can create a new cryptocurrency and move everyone who has Bitcoin over to it.
After all reached 21 million bitcoins, the mined blocks will continue to grow. Miners will accept the fee only ... *
After all bitcoins mined still miners will work and will get rewards which are paid by us in the form of transaction fee.At that time the price of bitcoin may too high but it still have long journey ahead.As per the calculation the last block of bitcoin will be mined at the year 2140.I am not sure bitcoin can live upto that much longer if it does then price will be too expensive maybe $100M per bitcoin. 
As you can see, bitcoin's mining reward halves (divides by 2) every 4 years, and as satoshi predicted, "bitcoin will either be worth a lot or nothing at all", and we are headed for an "a lot" outcome, innertia is too big now, it cannot fail.
So every 4 years the price should be much higher than before. This will eventually make miners be able to make a living off transaction fees only, without no halving. Of course, unfortunately nobody reading this right now will live to see the day that all bitcoins are mined.
I think miners will get commissions, but they will be not new bitcoins, but will be all those received by someone earlier. To understand what will happen is necessary to look at the economy. In fact, something will come that looks like a gold standard.
The miners that want to get paid with Bitcoin can still get paid by mining Bitcoin after all the coins been mined. People should read the Whitepaper. 
The fees will most likely go way up and Bitcoin will be more of a store of value coin instead of a transaction coin. It will probably still be used to make large transactions....houses, cars, ect. Will be interesting how many miners stick around for that when the times comes.
It may not take as long as these other posts are predicting. Technology is moving quickly so when more powerful processors are released so will the speed of mining. After the last one is mined, I would say price will rise even quicker!
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
Probably when all of the bitcoin is mined, it will become more of a rare thing, it will have a high price and it will pretty much be like gold right now, transactions will stay the same because miners need to check and confirm that a transaction that is sent, and they will still take fees for it, overall i think that satoshi has thought of everything and had a gerneral idea on how the bitcoin will work with its limited supply.
It is unequivocal that when bitcoin is over then the price will skyrocket. But it will not happen soon. I also think that capitalization will increase. Then the price will in general become very large at the limit of 50-100 thousand
For Bitcoin, there is no parallel devaluation. If anything, Bitcoins should become more valuable over time as the number of Bitcoins entering the system decreases. Not only is the total supply of Bitcoins capped at 21 million, but the flow of new Bitcoins into the market has also been tapering off. Roughly every four years, the number of Bitcoins awarded for mining a block is cut in half.
When Bitcoin miners “mine” a new block of transactions they are rewarded freshly minted Bitcoins. Originally, 50 Bitcoins were earned for mining a block. Then it dropped 25 Bitcoins, and then to 12.5 Bitcoins. In 2020, it’ll drop to 6.25 Bitcoins.
Thus, while a government may constantly increase its money supply, Bitcoin has built-in features that encourage the exact opposite. The decreasing flow of new Bitcoins and the 21 million cap will help ward off inflationary pressures.
When Bitcoin miners “mine” a new block of transactions they are rewarded freshly minted Bitcoins. Originally, 50 Bitcoins were earned for mining a block. Then it dropped 25 Bitcoins, and then to 12.5 Bitcoins. In 2020, it’ll drop to 6.25 Bitcoins.
Thus, while a government may constantly increase its money supply, Bitcoin has built-in features that encourage the exact opposite. The decreasing flow of new Bitcoins and the 21 million cap will help ward off inflationary pressures.
Many think about the fate of bitcoin after all the bitcoin is mined, I think the transaction will run as usual now, but in terms of bitcoin prices will rise extraordinary due to a special item.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
they can still mine bitcoin but the only thing they will receive is fee from all the transaction in the current blockthe bitcoin mining will end in the 2140 its 122 year from now
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
Bitcoin transactions will be processed, still, with mining. Miners will take profit from transaction fees alone since there won't be any bonus Bitcoin anymore for every successful block mined. I find this question odd since you're a Hero Member. I'll let other judge, for now.
I wonder how a new block (without block reward) can still be added into the chain if all 21 million blocks are already mined. This new block can still meet the Proof of Work?
Someone can explain it please thanks.
Someone can explain it please thanks.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
One thing may happen is bitcoins price will stable at a low to medium amount but will not rise up until demand comes up and supply got lostAfter all the 21 million bitcoins are mined blocks continue to build up. Miners will receive fees only.
yes i think u are right
I think miners will get commissions, but they will be not new bitcoins, but will be all those received by someone earlier. To understand what will happen is necessary to look at the economy. In fact, something will come that looks like a gold standard.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
According to my calculations, I am sure I wouldn't be around for that to happen as the difficulty ratekeeps going higher and higher the more new miners enter the fray, I am wondering if the value will still continue to rise when there have been all mined or what.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
I was thinking that after all 21 million bitcoins are mined there are still bitcoins that all the miners can mine from the transaction fee that all the people around the wolrd evryday using but the amount of bitcoins become small and hard to mine
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