Topic: What will be the condition of bitcoin in future? - page 2. (Read 1324 times)
After Bitcoin gets fully mined, the miner's main revenue would be from transaction fees. Due to the limited supply, the price may rise more and hence the earnings would be around the same. If not, the difficulty would drop and the efficient mining ASICs combined with low electrical prices may make profit possible. By that time, the block size would likely be bigger and so will the transaction fees per block. The price is likely to remain as violatile as there isn't anything to back it and lack of regulations allows people to manipulate the market.
there are only two ways, the price increase to a very good level to help miners keep securing the network, or the price will not increase high enough, therefore forcing the miners to leave the scene, and proclaming the bitcoin death as a result
not much else can happen
not much else can happen
You mean the miner fees will also rise since they will not be mining new blocks, only securing the ongoing transactions ?
if bitcoin price rise it mean that a single satoshi is worth more, so fees will be worth more
for example if bitcoin reach 1M, pure dream, but let's assume it for the sake of it, the current fee will be worth around 0.5 btc at current price
there are only two ways, the price increase to a very good level to help miners keep securing the network, or the price will not increase high enough, therefore forcing the miners to leave the scene, and proclaming the bitcoin death as a result
not much else can happen
not much else can happen
You mean the miner fees will also rise since they will not be mining new blocks, only securing the ongoing transactions ?
this is the way to go in the future. as the block reward decreases, in order to make mining profitable for miners transaction fees needs to be changes.
it is worth mentioning that fees have changes a couple of times in the past to be a reasonable price because of the price changes.
there are only two ways, the price increase to a very good level to help miners keep securing the network, or the price will not increase high enough, therefore forcing the miners to leave the scene, and proclaming the bitcoin death as a result
not much else can happen
not much else can happen
You mean the miner fees will also rise since they will not be mining new blocks, only securing the ongoing transactions ?
there are only two ways, the price increase to a very good level to help miners keep securing the network, or the price will not increase high enough, therefore forcing the miners to leave the scene, and proclaming the bitcoin death as a result
not much else can happen
not much else can happen
What will happen if the 21st million block is completely mined ?!
1. Will bitcoin status change from "beta" to "full version"?
2. Will it collapse like other fully mined altcoins?!
3. Will it become fully stable like other fiat currencies ??
Please share your views on this!
1. Will bitcoin status change from "beta" to "full version"?
2. Will it collapse like other fully mined altcoins?!
3. Will it become fully stable like other fiat currencies ??
Please share your views on this!
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