Here's a question I have had for a while, it might be a noob question but always wondered, tried using the search function but it would time out each time.
Currently, there are 16.5~ million BTC in circulation, with a max supply of 21 Million.
What is going to happen when all coins are mined? Not solely meaning on how the price is going to be affected.
They never really get fully mined, the reward keeps halving and there is a smaller supply per block constantly, until it gets to something like the last satoshi/block and then all will be mined. But that's probably >120 years from now. Hypothetically the price should keep going up with the production cost, otherwise miners will have to leave as it becomes too expensive compared to the reward, the difficulty goes down and more people mine for cheap.Currently, there are 16.5~ million BTC in circulation, with a max supply of 21 Million.
What is going to happen when all coins are mined? Not solely meaning on how the price is going to be affected.
Blocks will just reward fees. There will be no other reward at that point iirc.
indeed the subsidies will end up.
https://en.bitcoin.it/wiki/Controlled_supply
I just wonder what will happens when we reach block 682500 or something ...
I was thinking about an analogy with Interrupt coalescing ( https://en.wikipedia.org/wiki/Interrupt_coalescing ) ...Operating system schedulers typically define a “period” in which every program is guaranteed to run at least a little bit, with the system giving a “slice” of that period to each program.
The more programs are running, the smaller those slices become, and the more context switches are happening every period, maintaining responsiveness at the cost of throughput. (In Linux, for instance, this minimum useful slice turns out to be about three-quarters of a millisecond, but in humans it might realistically be at least several minutes.)
