what happen with bitcoin after not mineable? - page 6.

ronaldo40

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Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

if bitcoin depleted mined, there are two possibilities for the miner. bitcoin prices should rise so high that miners keep doing mine. because if the price is lower, they will get a small amount and I think it will be a loss.
then after no miners, bitcoin transaction will not get a confirmation that will eventually stalled.

Odien

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Don't panick, all was planned. Transaction fees will more than surely replace the block reward.

hajimasan

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Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

when mining became stop to mine then every miner will stop to mine btc and this will results into the result of lack of btc in the online market so to recover the demand of btc in online markey the price of ntc will increase .

mobnepal

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Quote from: marleybobthedog on October 21, 2016, 04:01:07 AM

When mining of bitcoin will stop then we we'll have 21 million bitcoin and that amount will keep circulating all over the world. All mining system will be shut down and some heavy system could be used for converting to web host for heavy could computing technology

If all mining system shut down than bitcoin transaction will not get confirmed so miners are important part of bitcoin ecosystem so even all bitcoin get mined they don't have to shut down as transaction fee associated with all the transactions will go towards miner so that they can still find mining profitable even without newly generated bitcoins.

marleybobthedog

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When mining of bitcoin will stop then we we'll have 21 million bitcoin and that amount will keep circulating all over the world. All mining system will be shut down and some heavy system could be used for converting to web host for heavy could computing technology

wintermeasures

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Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

If it Really Happens then the Bitcoin Supply Would be Lowered and Demand Increases then the Price of Bitcoin Increases and Also Then the Bitcoin Network Will Be Weaken And Bitcoin Transactions May Be Slower.....
But I Don't Think It will Happen in the Near Future......

jak3

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i do not care that when will be the last coin be mine the question here op want to know is what will miners do after that so i think after mining all the blocks miners will switch to a memory pool where they will mine to verify the transactions and in exchange of it they will get the transaction fees and if that does not happen then also i think there is something waiting for us because satosi has definatly done something about it

~Bitcoin~

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Many small miners may left mining and only few big giant miner remain in business as they have very low cost of operation as well as lots of resources to remain profitable even just with transaction fee associated with transactions.

pyaephyo

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Quote from: Mastsetad on October 13, 2016, 04:32:58 AM

There is still a long way to go for reaching that point, so we should not think about these things now which makes us somehow worried that maybe bitcoin would become less popular then, but we should enjoy with bitcoins in present and future will show itself later.

vino.gcs

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Mining will continue until Bitcoin exists. But for each halving, the transaction fee may increase so that people will deny to pay in Bitcoins which can result in death of Bitcoin. But lets hope that time is too far for now.

amacar2

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Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

- Bitcoin will have maximum supply and the only thing that can grow will be its marketcap
- There will be always some miners supporting bitcoin for transaction fees as price per bitcoin will be high so that fees can also pay back miner's cost
- As supply will be limited, whatever new investment come to market will directly cause price pump. So price may be 5x of the current one.

lol3c

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Quote from: shinratensei_ on October 11, 2016, 11:39:20 PM

Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

The volume of bitcoin will be a limit and I think caused by that, bitcoin is can be a rare coin, that's will make the price of bitcoin is so high.

yeahh I think the same. If that happened, bitcoin would be so hard to get and earn and people would be crazy for bitcoin like some kinds of gold or jewellery and people who had an amount of bitcoin which is considered low now would become so rich as the price will rise dramatically.

Shinpako09

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Quote from: Gimpeline on October 12, 2016, 12:43:31 AM

Quote from: avikz on October 12, 2016, 12:16:51 AM

I think bitcoin will be mine-able till 2023. So after that the mining will be stopped and miners those who have already bought expensive rigs, will move to a different coin to make us of that rigs.

But then bitcoin will become a very rare and expensive coin. We can see a manifold jump in price after the last mined coin. I believe there are many people who are earning and storing bitcoin for that d-day only. I am one of them.

Don't know where you have 2033 from but it's complitly wrong.
The last bitcoin will be mined in around 2140, after that miners mine for the fees.

Haha dude actually he says 2023 not 2033 its even more earlier. When I saw his comment it makes me laugh. Machine were extremely fast. Where did he got that 2023 that all bitcoin were mined? I dont know if he just comment it just to have a comment or he really doesnt know, or short on knowledge about bitcoin. He must be dead after the time that all btc were mined.

phreaky

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Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

Not sure but if you are not able to mine anymore then you should just move on and find as other way to make more Bitcoin.
You can just buy them with your own money and hold on to them and wait for the Bitcoin to rise again.

prabowo96

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it's showtime

People keep asking the same questions...

Bitcoin fees will raise, they are raising now, so after 100+ years, the fees will be bigger, so miners can earn money just with it and well, that's why I think the halvings don't will make the bitcoin price double every 4 years...

Mastsetad

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There is still a long way to go for reaching that point, so we should not think about these things now which makes us somehow worried that maybe bitcoin would become less popular then, but we should enjoy with bitcoins in present and future will show itself later.

coynedterm

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Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

we can explain this matter through a example .
suppose in your country the making of new number of notes of currency is stopped to make . then what will happen !!! , the things which was of $1 then its price became less the one dollar .
so i mean the value of bitcoin will increase .

Fatanut

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The people that will be affected the most are those that have mining rigs. The number of Bitcoins circulating will not increase anymore if this happens. And that means that we will be forced to use that amount of Bitcoin only. It will even decrease over time because there are Bitcoin holders that die in real life and unless their private keys or their blockchain account is passed on to another person, then that Bitcoin will be stuck in his wallet forever.

I don't know if it's a good thing that there wouldn't be an increase in the number of Bitcoin circulating but one thing is for sure, as more and more people are investing in Bitcoins, it would be more easier for the Bitcoin's price to increase. Because there are no new coins, the number of Bitcoins will only decrease and never increase again. Making it more and more scarce over time.

bamboylee

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Quote from: avikz on October 12, 2016, 12:16:51 AM

I think bitcoin will be mine-able till 2023. So after that the mining will be stopped and miners those who have already bought expensive rigs, will move to a different coin to make us of that rigs.

But then bitcoin will become a very rare and expensive coin. We can see a manifold jump in price after the last mined coin. I believe there are many people who are earning and storing bitcoin for that d-day only. I am one of them.

If miners stop mining, bitcoin system will collapse. The blockchain will be easily overridden by bad miners and can compromise the system, I think. To keep the miners, the fees will be adjusted or it will cost higher. And by that time, bitcoin will be very expensive so even a small fee will be enough to keep the miners profitable.

bitcoinhopper

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Bravity is beautiful.

Quote from: crossabdd on October 11, 2016, 11:29:50 PM

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

At the moment it does not make much sense anymore to be mining Bitcoin because you cannot really make a profit with them anymore.
It is better to buy them with your own money and save them for how long you want.

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