Topic: General Help For Bitcoin mining Please Help ASAP (Read 477 times)
only 21 million bitcoins to be mined
only 21 million bitcoins to be mined okay ? what will happen when miner had mined 21 million bitcoins or there is nothing like my 21 million bitcoins to mined theory?
In about 100 years when all Bitcoins have been mined, the miners will mine for the Transaction fees, as I already told you.
This past week Transaction fees have approached the amount of the block reward. 100 years in the future the fees will only be a higher amount.
I have answered your question multiple time, ASAP!! So you don't need to worry about for 90 to 100 years. Study how Bitcoin works and these very basic questions get answered. This is explained in the bitcoin.pdf that I gave you a link for.
Thank u so much
if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
If the mining networks are busy you may find the delay in the transaction for sure. Most of wallet provider will give the notification before you transact the fund from one wallet to another or in the time of log in itself.
Benefit for the miner will be a fees amount you have added to transaction when the amount has been transferred.
only 21 million bitcoins to be mined okay ? what will happen when miner had mined 21 million bitcoins or there is nothing like my 21 million bitcoins to mined theory?
In about 100 years when all Bitcoins have been mined, the miners will mine for the Transaction fees, as I already told you.
This past week Transaction fees have approached the amount of the block reward. 100 years in the future the fees will only be a higher amount.
I have answered your question multiple time, ASAP!! So you don't need to worry about for 90 to 100 years. Study how Bitcoin works and these very basic questions get answered. This is explained in the bitcoin.pdf that I gave you a link for.
if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
Miners will get paid by transaction fees once all coins have been mined.
https://bitcoin.org/bitcoin.pdf
isn't there 21 millions coins only to be mined and if there are no transactions my mining rig will not work?
Why would there be no transactions? Transaction fees this past week or so have equaled the block reward.
Besides it will take something like 100 years for the block reward to halve into nothing. By then I'm sure your mining rig will be retired. Read the bitcoin.pdf.
only 21 million bitcoins to be mined okay ? what will happen when miner had mined 21 million bitcoins or there is nothing like my 21 million bitcoins to mined theory?
if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
Miners will get paid by transaction fees once all coins have been mined.
https://bitcoin.org/bitcoin.pdf
isn't there 21 millions coins only to be mined and if there are no transactions my mining rig will not work?
Why would there be no transactions? Transaction fees this past week or so have equaled the block reward.
Besides it will take something like 100 years for the block reward to halve into nothing. By then I'm sure your mining rig will be retired. Read the bitcoin.pdf.
if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
Miners will get paid by transaction fees once all coins have been mined.
https://bitcoin.org/bitcoin.pdf
isn't there 21 millions coins only to be mined and if there are no transactions my mining rig will not work?
if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
Miners will get paid by transaction fees once all coins have been mined.
https://bitcoin.org/bitcoin.pdf
if mining is responsible for every transaction; what if it reaches the maximum amount of supply, how will the miners get paid?
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