hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.
I believe i need at least 4 to 5 to exploit everything, the price will increase.
Topic: what happens when all the bitcoins have been mined? (Read 1053 times)
When all the bitcoins have been mined then it will result for more volatility because the market will be controlled by the people who have got the most supply and the miners will just earn from confirming transaction and it might be a threat for the life of bitcoin to stay longer because miners might migrate to another coin because of the issue in profitability.
Bitcoin will become more scarce and one of two things will happen:
When it will happen can't be predicted exactly. Depends on the miners and difficulty of mining.
- Bitcoin dies a slow death because nobody wants it anymore (unlikely)
- Bitcoin prices will skyrocket because it becomes scarce/limited.
When it will happen can't be predicted exactly. Depends on the miners and difficulty of mining.
How would mining all the coins will let bitcoin die if all coins are already circulating?
Once all bitcoins are mined it will be in the circulating at least or in someone else's wallet and miners will earn from the transaction fees that are charge on every transactions. And by the time all coins are mined which is approx. 2140 transactions are enormous and fees can compensate the bitcoins that you can get from mining.
That's true. That's why I added "(unlikely)", but in the crypto world, you never know. Many unprecedented and unexpected things already happened. Be prepared for everything.
As for me, I suppose that... we will be died before it happened 
Technically, nothing wrong wont happen with bitcoin cos the good that has its end costs more every single moment. Philosophically, everything has its end whatever it is.
Technically, nothing wrong wont happen with bitcoin cos the good that has its end costs more every single moment. Philosophically, everything has its end whatever it is. hopefully it will last as it would be fantastic to be able to pass on some bitcoins to my children.
When will the last bitcoin be extracted ?!
You do not need to worry about when bitcoin will be mined, but you should ask how long bitcoin will last in your life.
hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.
Bitcoin will become more appropriate and all of them will ise bitcoin soon and so fort but to be honest most of the smart people will use to create their own alt coin nor alternative coins which they will use it to pump bitcoin easily ask they which more compitition = more profit and money 
hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.
My best guess would be after a 150 years. That is when i think all Bitcoins will be mined.simply because Bitcoins can be divided into so many parts. And this will really help make the time before it all gets mined be a lot longer. Plus the amounts that can be mined everyday are decreasing. But let's say it ran out already, the price will rocket and become so so high. Amd it will lose its great volatility and become a currency that is most likely as stable as american dollars. That is what i think.
Patience. In this respect, the network is self calibrating.
If the reward for mining bitcoin decreases, then the hashing power dedicated to it will decrease, the difficulty will decrease, and the cost to mine will decrease.
All of these are the problem for 15-20 years from now.
If the reward for mining bitcoin decreases, then the hashing power dedicated to it will decrease, the difficulty will decrease, and the cost to mine will decrease.
All of these are the problem for 15-20 years from now.
The miners will have to generate the fees through transactions now. I think they will be in loss and will definitely find some ways to increase their revenue.
estimates in the year 2140 21 million Bitcoin will be mined out. We don't need attention to that issue because it's too far away. I bet no one here witnessed that time
thanks everyone for your comments, they are very helpful. Would it be fair to say that bitcoin is going to have to be tweaked a lot if it is going to be used as a successful currency in hundreds of years time?
Definitely BTC has to evolve in order to survive: either by changing the validation process so that the transactions become less costly in time and energy, or by creating a fork toward a much more efficient currency
As for me, I suppose that... we will be died before it happened Technically, nothing wrong wont happen with bitcoin cos the good that has its end costs more every single moment. Philosophically, everything has its end whatever it is.
Technically, nothing wrong wont happen with bitcoin cos the good that has its end costs more every single moment. Philosophically, everything has its end whatever it is. hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.
Total of 21 million bitcoin will be mined by 2140 so we might not be alive by that time. Bitcoin's price will be very high so that miners can be in profit even with just transaction fees and 0 block reward. Bitcoin network is designed to run forever...
This is very good to know. It's always nice to be reassured of the longevity of the bitcoin sysytem because you'll always have that reminder that it is never too late to start learning about it and actually using it. 🤗
hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.
I think price will be moon after this.Becsause no bitcoin will create after that and people want bitcoin then the price will be moon.Also another thing can happen after the price will be dropped. no one exactly what will happen. 
This is a technology, it will not die rather it will be upgraded or converted into another form. Just like crude oil exploration have existed for decays and it have not been completely drilled, so bitcoin will exist in this form as long as the coin is accepted for goods and services.
hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.
It will happen by about 2140. That's pretty far away, so we don't really have to worry, but the next generations will. There is no issue when it comes to the time every bitcoin has been mined. Actually, miners are not mining bitcoins but blocks. The bitcoins they get are just rewards for finding the block. When bitcoins reach 21 million then that would mean there won't be anymore rewards to be given to the miner that finds the block. What will happen though is that the miners will still get the miner's fees. So they will work for that.
We will either go up and see a strong rise or we will go down significantly due to not having the mining industry behind it no more.
Yes, btc scales horribly and fee's are through the roof.
thanks everyone for your comments, they are very helpful. Would it be fair to say that bitcoin is going to have to be tweaked a lot if it is going to be used as a successful currency in hundreds of years time?
Yes, btc scales horribly and fee's are through the roof.
thanks everyone for your comments, they are very helpful. Would it be fair to say that bitcoin is going to have to be tweaked a lot if it is going to be used as a successful currency in hundreds of years time?
Bitcoin mining is sheduled to end around 2140, and once last block mined well all believe fees will take place the previous block rewards, its expected bitcoin to be worthing much more then now, around 40000- 200 000 dollars, soo fees will easy replace, even considering this more a waste then a shield, wonder how much energy is being spent to keep bitcoin alive.
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