what happened to bitcoin after mining of 21 million

Vaskiy

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Quote from: Ambucrypto369 on July 01, 2019, 02:28:29 PM

1.what happened to bitcoin after mining of 21 million
2. how miners get profit

After the entire sum of bitcoin gets mined, there will a hard demand for bitcoin as anymore can't be produced. Miners are always the key person for the bitcoin network, the transaction fee of every transaction goes to them.

Quote from: Ambucrypto369 on July 01, 2019, 02:28:29 PM

3. what will be the price of bitcoin at that time

It'll be purely based on the demand, if there is high demand we can see the price to be in the peak. However the market will be volatile forever.

olamidey

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Man, I've seen many threads on this bitcoin 21million supply. Presently, we should be around 19million and it will increase slowly. Miners are still getting their fees. All good. On reaching total supply, that's when the price of bitcoin will now skyrocket and get higher than ever imagined. Of course, forks will come out here and there but bitcoins will still.be at the top.

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Quote from: CounterEntropy on July 01, 2019, 02:47:14 PM

New bitcoin mining subsidy was supposed to be in supply after 21m bitcoin were mined. But, a soft fork has been scheduled to add no more extra bitcoin.

There is no need to think about a soft fork now, as it will happen only in 2140...

And Satoshi itself proposed that the incentive (miners coinbase reward) would be over one day. If bitcoin survive until 2140, there will be a lot of transactions in a block, and fees will be enough for the miners.

LeGaulois

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Oh snap! It has been asked so many times already. Another topic that will be filled with parrots. If everyone could use the Search feature...

What happens after 21 Million mined BTC? https://bitcointalksearch.org/topic/what-happens-after-21-million-mined-btc-2065266
What Happens to Bitcoin After All 21 Million are Mined? https://bitcointalksearch.org/topic/2017-06-08-what-happens-to-bitcoin-after-all-21-million-are-mined-1957719
What happend 2140 all BTC are mined https://bitcointalksearch.org/topic/what-happend-2140-all-btc-are-mined-3482911
What Happens to Bitcoin After All 21 Million are Mined? https://bitcointalksearch.org/topic/what-happens-to-bitcoin-after-all-21-million-are-mined-2449387
What will happen if all 21 Million BTC are mined? https://bitcointalksearch.org/topic/m.23788872
What is going to happen when we reach the 21 Million BTC supply limit? https://bitcointalksearch.org/topic/m.24089406
What will happen after the last bitcoine is mined? https://bitcointalksearch.org/topic/m.41956987:
Anybody know what happens when Bitcoin hits 21M circulating supply? https://bitcointalk.org/index.php?topic=3197625.40

Quote

No one knows. We are taking about year 2140 here. None of us will most likely be around.

Considering the old current machine, but in 5-10-15 years machines will be more powerful so 2140 could come sooner as you think
Personally, I won't be alive anymore, so no big deal for me.

CounterEntropy

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Quote from: Ambucrypto369 on July 01, 2019, 02:28:29 PM

1.what happened to bitcoin after mining of 21 million

New bitcoin mining subsidy was supposed to be in supply after 21m bitcoin were mined. But, a soft fork has been scheduled to add no more extra bitcoin. Details - https://github.com/bitcoin/bips/blob/master/bip-0042.mediawiki.

Quote from: Ambucrypto369 on July 01, 2019, 02:28:29 PM

2. how miners get profit

Transaction fees, as already mentioned by OgNasty.

Quote from: Ambucrypto369 on July 01, 2019, 02:28:29 PM

3. what will be the price of bitcoin at that time

No one knows. We are taking about year 2140 here. None of us will most likely be around.

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