Topic: anyonw knows about when mining bitcoin will end - page 3. (Read 2930 times)
Mining should end at 2140, but If you want to setup a huge mining farm right now you will need a huge capital. A capital of several millions need to be invested in order to have a relevant pool nowadays. You will also have to keep your hardware up-to-date and try to build the most advanced miners on the market.
well i doubt 1 satoshis will hit one dollar anyday,otherwise we would become the most rich people in the world,well those eras rankings is amazing but i guess the hash from farms as solo mining are decreasing slowly.
Here is the answer for end of mining date.
https://en.bitcoin.it/wiki/Controlled_supply
I guess when one bitcoin is divided in to 9 or more decimal (currently 8 decimals), mining may extent. I strongly believe we need to divide one Satoshi into multiples some day, may be when we hit 1 satoshi is $1.
https://en.bitcoin.it/wiki/Controlled_supply
I guess when one bitcoin is divided in to 9 or more decimal (currently 8 decimals), mining may extent. I strongly believe we need to divide one Satoshi into multiples some day, may be when we hit 1 satoshi is $1.
well thanks soo 2140 the btc mining should be over and well we will be able to see what bitcoin can do to the world
Lol. We'll see it long before that, even if the (unlikely imo) answer is nothing much. It sounds pretty likely that 5 years would be plenty of time to see what we need to see.
Agreed. I think something else will take the place of Bitcoin long before 2140. I suppose the best possible outcome when that happens is the new currency would accept Bitcoin for exchange, allowing the BTC to be sent to an unspendable address to be redeemed. Worst case would be BTC becomes worthless.
well thanks soo 2140 the btc mining should be over and well we will be able to see what bitcoin can do to the world
Lol. We'll see it long before that, even if the (unlikely imo) answer is nothing much. It sounds pretty likely that 5 years would be plenty of time to see what we need to see.
well thanks soo 2140 the btc mining should be over and well we will be able to see what bitcoin can do to the world
legendary
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Semantics.
It is not semantics. You can't claim that a slowdown in the increase in supply of coins will lead to increasing prices without also adding the condition that demand continues to increase at a rate that exceeds the rate of the increasing supply. You left out the last part. Yes. It was implied and obvious to anyone with a brain cell who understands basic supply and demand. To me that is semantics.
I could pick apart this last thing you said and mention that demand doesn't need to increase, it could stay the same (or even decrease) and yet still exceed the rate the of supply, but that would be obvious too.
Semantics.
It is not semantics. You can't claim that a slowdown in the increase in supply of coins will lead to increasing prices without also adding the condition that demand continues to increase at a rate that exceeds the rate of the increasing supply. You left out the last part.If there was no new demand for coins, then any new coins would increase supply, lowering price.
Any new coins increase the supply regardless of the demand.But since there is demand for new coins, a slowing down of new supply, while still technically
inflating the total supply, may not keep up with the demand, leading to price increases.
inflating the total supply, may not keep up with the demand, leading to price increases.
Possibly true, but let's simplify it. By themselves, an increasing supply or decreasing demand each lead to lower prices, while a decreasing supply or increasing demand each lead to higher prices. If you combine increasing supply with increasing demand or decreasing supply with decreasing demand, then it is hard to predict what will happen.
Bitcoin mining will not end because if they end it means there's no one will confirm our transactions. Currently miners rewards are from your transaction fee and parts of 21 million bitcoin. But when that 21 million bitcoin have achieve ( maybe in 21xx ) their rewards are collected from your transaction fees only.
buddy mining of bitcoins will go untill bitcoin serves it needs in internet.....i dnt think it will end watching the current scenario and its popularity in degitalised cureency form.... 
i cant predict a particular time but yeah it will take much time to happen that....
i cant predict a particular time but yeah it will take much time to happen that....
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
assuming the rules dont change, mining goes on forever. The last distribution of subsidies ends in 2140. The slowdown of new supply means increasing value and price over time.
Actually, lower inflation means the value decreases less, it does not mean an increasing value.
Noone used the word 'inflation', so you better define your meaning if you want to use it here.
If the supply rate decreases and other things remain the same (including rules, and demand rate), then the price will rise.
Semantics.
If there was no new demand for coins, then any new coins would increase supply, lowering price.
But since there is demand for new coins, a slowing down of new supply, while still technically
inflating the total supply, may not keep up with the demand, leading to price increases.
assuming the rules dont change, mining goes on forever. The last distribution of subsidies ends in 2140. The slowdown of new supply means increasing value and price over time.
Actually, lower inflation means the value decreases less, it does not mean an increasing value.
Noone used the word 'inflation', so you better define your meaning if you want to use it here.
If the supply rate decreases and other things remain the same (including rules, and demand rate), then the price will rise.
assuming the rules dont change, mining goes on forever. The last distribution of subsidies ends in 2140. The slowdown of new supply means increasing value and price over time.
Actually, lower inflation means the value decreases less, it does not mean an increasing value.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
assuming the rules dont change, mining goes on forever. The last distribution of subsidies ends in 2140. The slowdown of new supply means increasing value and price over time.
Now is very hard to see any new project to make ,open a new big farm to go into bitcoin,just some that have balls will try it at the moment,but main question is where is the prediction about when the mine will end?When it ends the price of bitcoin will get the fuel that is missing ?Will workt the theory of demand and supply,or the rare coin supply? What you guys think?
I dont know even how many power is currently involveld into bitcoin,i know its a lot and huge even difficult is getting harder ,i believe when the process ends bitcoin will hit 1000 dollars and break it as we make with egss nowadays,we trade bitcoins every minute looks no one sleep,soo tax are getting out some btc daily,these should moove the price above but isnt making it because some bad news and some bad visions about our precious bitcoin.
I dont know even how many power is currently involveld into bitcoin,i know its a lot and huge even difficult is getting harder ,i believe when the process ends bitcoin will hit 1000 dollars and break it as we make with egss nowadays,we trade bitcoins every minute looks no one sleep,soo tax are getting out some btc daily,these should moove the price above but isnt making it because some bad news and some bad visions about our precious bitcoin.
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