After all the 21 million bitcoins are mined miners will still continue to secure the network and get paid with transaction fees. I think bitcoin prices will moon then.
Topic: After all bitcoins mined - page 2. (Read 2153 times)
even bitcoin can survival after 2050 is too good for everyone invest it. so dont need to worry what will happen after I die
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
The transactions should be carried in the same way as now.
The difference is that now the miners get the block reward + tx fees and then they'll get only the tx fees.
It's one of the reasons the Bitcoin price (or the fees) will have to rise enough to keep the mining profitable even in those years to come.
In other words, there will be no bloack reward hence the profit in mining would solely dependant with transaction fees.
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?
21 Million Bitcoin Cap is expected to be reached in 2140 and so far about 16 million has been distributed so it is impossible of our lifetime that we could witness these total Bitcoins to reach the maximum cap. But in the meantime, no one can ever predict the future of any digital currencies that is already existing.
I dont know what happened next if all bitcoins are mined, and lets accept by that time comes, we are no longer living here in this planet. Let's enjoy things's first, its too far to reach 2040, Enjoy the moment we are in here because there a lot more surprises waiting in the future. Alt coins will eventually rise up and this will dominate in the future if all bitcoins are mined.
so later there is a possibility that altcoin will be more glowing than bitcoin.but is it possible that it will happen, because now altcoin is still less competitive with bitcoin.
In my opinion, Bitcoin will remain as it is, being traded in the market. The difference is that people now know that the supply of.Bitcoin will no longer increase. And there are 2 things that can happen.
1) Bitcoin holders and investors might start selling Bitcoins until the price drops to zero which we dont want to happen.
2) Or since the Bitcoin supply will no longer move, the demand might continue to increase because the thinking of others might be aggresive and they dont want to miss out on having Bitcoins.
1) Bitcoin holders and investors might start selling Bitcoins until the price drops to zero which we dont want to happen.
2) Or since the Bitcoin supply will no longer move, the demand might continue to increase because the thinking of others might be aggresive and they dont want to miss out on having Bitcoins.
I dont know what happened next if all bitcoins are mined, and lets accept by that time comes, we are no longer living here in this planet. Let's enjoy things's first, its too far to reach 2040, Enjoy the moment we are in here because there a lot more surprises waiting in the future. Alt coins will eventually rise up and this will dominate in the future if all bitcoins are mined.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
The transactions should be carried in the same way as now.
The difference is that now the miners get the block reward + tx fees and then they'll get only the tx fees.
It's one of the reasons the Bitcoin price (or the fees) will have to rise enough to keep the mining profitable even in those years to come.
If the fees increase less people will use bitcoin, which means that the bitcoin price will decrease.
When the block reward dissapears after all btc mined,the fees will have to increase in order to keep the mining profitable.
If the mining isn`t profitable,who will handle all the transactions?
This means that the bitcoin price will have to reach the sky,or bitcoin will die.
No need to wait until all of 21 Million bitcoins mined to see bitcoin skyrocket or die I guess, current fees is higher than transaction through visa or PayPal for certain transaction (based on byte size). Double edge sword, if fees doesn't increase than miners won't process it, on the other hand bitcoin will not interesting for new users anymore as it has higher price and higher fees, they prefer to use fiat money and banks services obviously.
all will be well if it is 21 million bitcoin has been found and allow miners to get the cost of each transaction is certainly not the least bit cost is not too expensive
1 thing that will be beneficial to all parties as well if every big miners made a contract for each user using the tool Accelerator at their quarries and let penggguna they fill tx transaction id bitcoin they were at least 100 transactions per month in order to immediately confirm quickly and of course, customers can pay monthly subscription fee on their mining sites
1 thing that will be beneficial to all parties as well if every big miners made a contract for each user using the tool Accelerator at their quarries and let penggguna they fill tx transaction id bitcoin they were at least 100 transactions per month in order to immediately confirm quickly and of course, customers can pay monthly subscription fee on their mining sites
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
The end game presumes once block rewards become that small, transaction fees kick in and the value of a single Bitcoin compensates the miners and the sheer volume of transactions keeps them mining the chain.
In reality it does work that way and assuming the price of a single Bitcoin keeps rising then even small satoshis could be worth a lot of money once all the coins are mined.
In the short run it doesn't work that way as miners are more concerned with the profits today than far in the future hence the blocksize limit debate and what should be prioritized.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
The end game presumes once block rewards become that small, transaction fees kick in and the value of a single Bitcoin compensates the miners and the sheer volume of transactions keeps them mining the chain.
In reality it does work that way and assuming the price of a single Bitcoin keeps rising then even small satoshis could be worth a lot of money once all the coins are mined.
In the short run it doesn't work that way as miners are more concerned with the profits today than far in the future hence the blocksize limit debate and what should be prioritized.
After mining I think there will be more demand for Bitcoin in order to compensate for the ceasing of mining.
There won't be a ceasing of money. People will keep mining but will only earn from fees. The fees don't really need to increase... By the time all the Bitcoins will be mined there will be many, MANY more people using it which means there will be a lot of fees paid. So we won't need higher fees as soon as there will be probably over twenty times more transactions than there are at the moment.
After mining I think there will be more demand for Bitcoin in order to compensate for the ceasing of mining.
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 lost 
If we actually make if that far, if indeed bitcoin still persists after all those years; we would have gone through a great many halvings, and developed extreme confidence in the protocol. The price should be through the moon at that point, and although it sounds crazy to me now, fees would be a sufficient incentive to keep the network going.
When every bitcoin is mined miners gets benefited through transaction fee that needs to be paid on every transaction. At that point I believe bitcoin will function similar to the present time banking system.
Umm… people throw a party? No, seriously, if Bitcoin is still being used in 2140 when all the bitcoin are mined, nothing will happen. Miners will still continue to secure the network and get paid with transaction fees. Nodes will still continue to record all the transactions on the blockchain. Users will still use. Hodlers will still hold. Haters still gonna hate. And the Honey Badger of money will still continue to not care.
Everything depends what the demand for Bitcoins will be then but I'm sure mining all Bitcoins would affect price a lot and it could go very high. But if the greatest amount of Bitcoins would be in hands of just few people, whales, that could be bad for everyone else. But this is still distant future so we can only speculate.
What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
The transactions have nothing to do with mining the unmined bitcoins they will continue and as others have mention that miners will get only the transaction fees but still they will not lose benefit because at that time more coins will not be produced to the market so supply will be reduced and the price of it will increase higher so miners will get a good fees. Jump to: