How will transactions be processed once all Bitcoins have been mined?

dlorah111

full member

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I don 't think miners fee will be that high. But there will be a lot more transactions filling up those blocks, where the miners get paid of.

tobi4255

full member

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Tontogether | Save Smart & Win Big

Eventually, Mining fees will be very high.
Since miners will mine transaction fees.

Wich isnt bad.
It means that Bitcoin miner will not lose their mining jobs.

CarlOrff

sr. member

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Merit: 440

Quote from: slysilverfox on September 21, 2017, 04:28:30 PM

Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined. Will nodes do this and we trust that people will do this without an incentive, or will there be one?

Thanks!

All Bitcoins will be mined in more 100 years : we will all die...
But no problem : fees will grow a lot since this date and mining Bitcoin will be allway very attractive :-).

monkeydominicorobin

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Quote from: cr1776 on September 21, 2017, 04:53:26 PM

Quote from: slysilverfox on September 21, 2017, 04:28:30 PM

Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined. Will nodes do this and we trust that people will do this without an incentive, or will there be one?

Thanks!

Miners will mine and get paid by transaction fees. See some other questions that are similar or identical:

https://bitcointalksearch.org/topic/what-happens-when-all-bitcoins-are-mined-71176
https://bitcointalksearch.org/topic/what-will-happen-once-all-21-million-bitcoins-were-mined-602252
https://bitcointalksearch.org/topic/what-will-happen-in-the-mining-world-with-bitcoin-once-all-coins-are-mined-2074040

The miner's fee will push it into perpetuity. It will not stop just because the last Bitcoin was mined. Even without referencing sources it has been answered a couple of times before in other fora. But there is currently the DOGECOIN model wherein we can add more to the current supply if the community wishes it.

slysilverfox

newbie

Activity: 8

Merit: 0

Quote from: cr1776 on September 21, 2017, 04:53:26 PM

Quote from: slysilverfox on September 21, 2017, 04:28:30 PM

Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined. Will nodes do this and we trust that people will do this without an incentive, or will there be one?

Thanks!

Miners will mine and get paid by transaction fees. See some other questions that are similar or identical:

https://bitcointalksearch.org/topic/what-happens-when-all-bitcoins-are-mined-71176
https://bitcointalksearch.org/topic/what-will-happen-once-all-21-million-bitcoins-were-mined-602252
https://bitcointalksearch.org/topic/what-will-happen-in-the-mining-world-with-bitcoin-once-all-coins-are-mined-2074040

Thanks!

cr1776

legendary

Activity: 4130

Merit: 1307

Quote from: slysilverfox on September 21, 2017, 04:28:30 PM

Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined. Will nodes do this and we trust that people will do this without an incentive, or will there be one?

Thanks!

Miners will mine and get paid by transaction fees. See some other questions that are similar or identical:

https://bitcointalksearch.org/topic/what-happens-when-all-bitcoins-are-mined-71176
https://bitcointalksearch.org/topic/what-will-happen-once-all-21-million-bitcoins-were-mined-602252
https://bitcointalksearch.org/topic/what-will-happen-in-the-mining-world-with-bitcoin-once-all-coins-are-mined-2074040

slysilverfox

newbie

Activity: 8

Merit: 0

Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined. Will nodes do this and we trust that people will do this without an incentive, or will there be one?

Thanks!

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