Topic: How will Bitcoin survive after all 21M coins have been mined? - page 4. (Read 12637 times)
Of course, he will survive, by that time he will be on a par with gold and cherish due to his shortage, because he has a limited number of coins in circulation, only 21 million + the support of institutional investors will greatly raise the price
The miner will still make profit on transaction fees, or maybe the difficulty will be lower after all bitcoins are mined, but i'm not sure, until then a lot of time need to pass, with all halving rewards bitcoin over the year.
I think we don't really have to overthink it.
Basicaly the miners would still get profit from the transaction fee's so they would still earn.
And the demand would be high so the price per Bitcoin would grow since we already hit the max supply.
And I think once the price of Bitcoin rise up the transaction fee would also increase so the miners would also have a good profit.
Basicaly the miners would still get profit from the transaction fee's so they would still earn.
And the demand would be high so the price per Bitcoin would grow since we already hit the max supply.
And I think once the price of Bitcoin rise up the transaction fee would also increase so the miners would also have a good profit.
We are still some time away from all the bitcoins getting mined. Of that time comes it might result in bitcoin process going very high as once the supply would be limited demand would start increasing and when supply decreases and demand increases prices also go up
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I think that every difficulty will have an expiration time. The expiration time posits that , there are always solution. In this angle, I'm sure bitcoin will increase because there will be high interaction of demand and supply.
In effect, it will lead to increase in the usage of other established coins and that will be a growth in the system of crypto.
In effect, it will lead to increase in the usage of other established coins and that will be a growth in the system of crypto.
It depends on miners to sustain the network, and it decades to get bitcoin down to an irrelevant amount of mining rewards, who knows bitcoin could still be the king of crypto in recent years, blockchain is about everyone securing the blockchain with some form of involvement, online or offline, still bitcoin value would be still important, like how gold will stick be relevant even the earth resources depleted
Given how close we are towards reaching the limit of 21 million Bitcoin in circulation, I've been often curious to know the outcome of Bitcoin once all its supply is mined. Depending on Bitcoin's price in the future, miners could either continue to support the Blockchain or abandon it altogether. After all, there will be no more newly minted coins which means that miners will live off TX fees.
Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?
Is year 2140 close to you? All of us here today are dead by that time and why do we care if we're dead already? Let the next generations solve it. Bitcoin will survive. But I'm not sure if Bitcoin will still be in the top spot. There might be a better one on it's way. Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?
Bitcoin is a deflating currency
no it isn't
- supply inflates (miners mine)
- price inflates
ergo, Bitcoin is an inflationary currency
the whole point of this thread hinges of the fact that the supply of Bitcoin hasn't finished inflating yet. did you notice that?
I am sure there are many scenarios they took place at inventing a bitcoin. Sure some unpredictable are still in place. But nevertheless, the fork is still in place to make more coins.
But I think we are still far from this point The closer we are higher the price of BTC.
But I think we are still far from this point The closer we are higher the price of BTC.
it is true and very many people are also waiting for the end of bitcoin mining, but I strongly believe that bitcoin at that time will experience a very high price increase.
That's for sure, I'm sure after bitcoin mined bitcoin will still be able to survive because of the bitcoin has very strong fundamentals so that bitcoin is King of all the crypto.
Although many of us will not see it as the event is expected in approximately 40 years, I am sure, Bitcoin will survive. Moreover, its price will be great. If our children deal with this crypto, they can be rich.
The 21million bitcoin total in circulation will not be mind in any time soon as you have rightly said bitcoin is a deflating commodity and at that as it demands increase the price will balance the equation which will not allow bitcoin to be fully mind. And even if the miner's abandoned bitcoin that will only increase the harsh rate for the small miner's that will remain in the mining business.
The question is what grows faster: block reward or equipment prices?
Equipment price will always depend on the ROI more or less. On average, the price set by most ASIC manufacturers is equal to around 1 year of ROI (maybe a little bit more) to get your invested money back. Right now, the difference is that someones ROI is extremely depending on their electricity price. While the price per mined BTC is low and you have to pay the electricity in USD a big part of the mined BTC have to be spend to pay electricity costs. A different solution would be to produce your own (renewable) energy and use it for mining. The ROI-based ASIC-prices are also a reason why people who bought miners back in late 2017 / early 2018 have now huge problems to get their ROI by mining that they've invested in miners. They bought them when the ROI was very good but since then the price of Bitcoin went down and the difficulty went up.
Given how close we are towards reaching the limit of 21 million Bitcoin in circulation, I've been often curious to know the outcome of Bitcoin once all its supply is mined. Depending on Bitcoin's price in the future, miners could either continue to support the Blockchain or abandon it altogether. After all, there will be no more newly minted coins which means that miners will live off TX fees.
Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?
Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?
The model of economics for Bitcoin has been very well thought out. And it's already survived for 10 years and the model looks extremely well defined taking into account scarcity, price, mining efficiency. We don't know how things will work out but miners yes will only use tx fees, which means price will have to be really high for miners to continue securing. But I believe we'll see many new things work out we can't foresee now.
Depending on Bitcoin's price in the future, miners could either continue to support the Blockchain or abandon it altogether. After all, there will be no more newly minted coins which means that miners will live off TX fees.
The primary factor that determines the price of bitcoin is the law of demand and supply. Assuming that by the year 2140 all the bitcoins are already mined, supply will decrease while demand will increase resulting to a significant increase on its price. Now that there are no bitcoins no mine, miners would simply maximize their profits from transaction fees.
Currently, the price of each transaction depends upon the current price of bitcoin in the market. I doubt that miners would abandon their work but expect a fewer people engaging into this kind of business.
My thinking is transaction fees will incentivize miners to secure the network once all 21 million have been mined, which to me implies a very high value to justify the energy expenditures.
That is actually true. No more coins to mine but the compensation would shift to the transaction fees paid. Assuming that the price of bitcoins increase in the future (which would inevitably happen), transaction fees would be their saving glory in order to compensate high energy fees.
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contact number
apple customer service phone number
apple mac support
apple iphonehelp
dell contact number
epson customer service
hp support number
microsoft customer service phone number
norton phone number
quickbooks phone number
mcafee phone number
quicken support phone number
toshiba phone number
asus support number
windows support number
outlook technical support phone number
netgear customer service
linksys support
hotmail support
avast phone number
avg customer service
microsoft office support
trend micro phone number
adobe contact
nuance support
bitdefender phone number
hewlett packard customer service
lenovo support
google chrome help
charter phone number
dropbox support
dlink customer service,
verizon phone number
cisco support number
pogo support
yahoo 1800 number
webroot support
lexmark customer support
kaspersky support
contact gmail
canon customer service
canon tech support
brother customer service
belkin router setup
acer support
aol customer service
garmin customer service,
tomtom support
amazon com kindle support
roku phone number
call netflix
road runner customer service
sbcglobal email setup,
at & t customer service
bellsouth customer service
when bitcoin block reward was 50 bitcoins the miners were earning about $5 per block they found. then time passed by and it halved to 25 bitcoins and miners by that time were making about $20000 per block! then it halved again to 12.5 bitcoins and by this time they were earning 60000 on average which also went as high as $300,000 per block (12.5 + ~3BTC fees * ~20000=310k).
now you are asking what will happen after about 100 years when the block reward is so small that the total circulating supply is close to 21?
the answer is you can extrapolate the price and see how that small reward is going to be worth a TON.
The problem is that back in the early days I could easily mine a block with a help of my laptop. Now I would have to buy some more serious mining equipment and probably join a pool to do that.now you are asking what will happen after about 100 years when the block reward is so small that the total circulating supply is close to 21?
the answer is you can extrapolate the price and see how that small reward is going to be worth a TON.
The amount of required investments is also growing. The question is what grows faster: block reward or equipment prices?
Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?
This question has been ask many time before but here's my opinion about it 
, I only think of one possible thing for it to survive — It's demand will rise even more which means greater price due to the limited supply. However, I am doubting that we will choose to hold an obsolete coin in the long run, I do believe that time will come will people lose interest into this thus price will fall down very hard and we tend to find another coin we can rely on which is either the second placer (eth or xrp) or another fork of btc. Nonetheless, don't worry guys. We're still far from reaching that point, just continue enjoying the benefits we could get from btc and make the most of it while it lasts
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My thinking is transaction fees will incentivize miners to secure the network once all 21 million have been mined, which to me implies a very high value to justify the energy expenditures.
Technically, the Bitcoin core devs *could* change the 21M constant into 210M or more. It would be a fork, but who knows. I think Bitcoin will continue to exist in many types of forks.
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