Topic: What will happen after the last bitcoine is mined? (Read 684 times)

If you get past the vehicle, then all will switch to the new cryptocurrency. This is exactly the same as with paper currency. So do not despair.

According to forecasts before 2140, this should not happen, you will agree - it is not soon enough. But I agree with the opinion that most likely, bitcoin continues its growth and will be used only for large payments.

There will be a huge increase in its price, after the extraction of the last BTC, it will immediately grow in demand and eventually be resold as some rare metal.

There will never be a last bitcoin, it's not gold or oil. Bitcoin and cryptocurrency will be created while hardware and software are available.

The system that creates Bitcoin, with the latest Bitcoin will not cease to exist. This is due to the fact that transactions will still be conducted. To continue mining, it is necessary to replace outdated equipment.

The thing that scares me most about the mining to end is the prices. I mean there is two options, after bitcoins are done mining (well it won't end for a long time but it will be really low amounts over time) the fee will be the only thing miners will be making money. So, the two options are, either miners will keep the fee high or keep the bitcoin prices high so it would worth their time to keep mining bitcoin or they will leave the business which would mean bad things for bitcoin. I do not know which one will happen but if the second option happens than we are not looking at a great future for us so we should find a solution to that.

You are mentioning about the third possibilities. Yes, I must agree that when the last bitcoin will be mined out, the number of transaction will be occurring on every 10 minutes will be something unimaginable hence the sum of transactions fees alone will be enough for miners.

Price will grow like he grows after every halving

check this chart here to see https://twitter.com/7bitcoins_com/status/1036952239783530497

Very interesting question, I think that after the last bitcoin is extracted, the price of bitcoin will rise rapidly, and the miners will participate in the investment market industry!

If all of the bitcoins are mined then we all have limitted resources in us. Well, we still have limitted BTC since then but some isnt mined or in hands. After that, the price will sure becomes higher if all of the BTC circulates in the market. Since a lot of miners stop mining, i dont think we can get all bitcoins out.

Doomsday. Joke. After the last Bitcoin is mined, and it will happen, according to some, in 2 years, its price will soar to the heavens...personally my opinion.

I think that the creation of a new cryptocurrency. The collapse of Bitcoin will not happen, it is a coin-start for everyone else.

hope that it really happened. I also assume that when bitcoin has reached the limit, miners may mine altcoins, and bitcoin is limited, so the price of bitcoin is higher. Hopefully the price will stabilize.

If this happens, the price for a limited product on the market should soar,provided that the relevance of the currency will not disappear.

"Bubble" #40 will begin and the value of a single bitcoin will shoot to $100K. By then people will use it to buy the latest, globally scalable cryptocurrency for micro-transactions called (name here).

The miners will no longer be generating coins. They will only get the miners fee only as the reward. Eventually many miners might leave causing slow confirmations and higher fee. But I am quite sure better solutions will come out. We will see the price of bitcoin higher than it is today. Assuming, most people already adopted bitcoin, we might see some price stability.

But maybe it will took more years before the last bitcoin mined so holding should still be base on your strategy. For me, if last bitcoin mined expect the price to be on top of all and hopefully that time, cryptocurrency is now accepted around the world which makes bitcoin more valuable.

It will rise sharply in price and everyone will start selling it. My vision of this situation is this. And the cash flow will go to the altcoins.

According to forecasts, this date is not in our foreseeable future, so it is almost impossible to predict how life will develop and what impact bitcoin will have on it. I think the cryptocurrency market will be something ordinary, and the last coin will be just some symbol of the final entry of this phenomenon into everyday life.

In my own opinion, after the last bitcoin has been mined, the price of cryptocurrencies are going to pump since the demand will increase and supply will decrease, that is the reason we should hold our coins even more today.

Experts have calculated that the last bitcoin will be mined around 2140 and,of course, we will not live up to this time, but our great-grandchildren and other relatives are likely to live in a fully digital world and most likely about some Fiat currencies, young people will not even know anything and will only be surprised at this.

I believe that the price will increase even more due to the shortage in the market and the demand will increase even more so bitcoins do really have a bright future.

Hard to predict. Either way this may take a lot longer so I don't think we have to worry about it now but it's nice thinking about it. By the time the last one is mined I believe we will have many other coins that potentially could replace bitcoin or we may not. With the last one mined I believe the prices will keep going up.

I think the conditions will not be much different from what is happening at this time, because the price of bitcoin will have provisions, namely based on the amount of supply and demand. So bitcoin supply and demand will become a separate law for the growth of its value.

This is a difficult question, but I believe that bitcoin will become a full-fledged digital gold with a more stable price, which nevertheless will continue to grow further.

There is a very real possibility that the production of the last Bitcoin will be associated with the need to use such technological capacities that it is unlikely to do so.

The price of Bitcoin will go through the roof.

Yes, there will still be miners that works for transaction fee which would still generate some income however we don't know how much. This also begs the question that people who mine for bitcoin rewards are not going to stay (or at least not all of them will) when rewards are gone (it will never be technically "gone" but at least it will be very small reward) which means there will be less miners, which means slower confirmation times, and higher fee. Considering when the bitcoin reward is like this and we have problems of confirmation as it is, we really do need the lightning in order to not go crazy with fee prices and slow times.

In other perspective, there will be no possibility of mining out the last bitcoin or all 21 million bitcoins will be mined out in infinite time. Yes I mean, now one bitcoin is devised into 8 decimals and in future it may go 10 or 20 or even 100 decimal points also. It is possible with all electronic format thing.

When one satoshi is valuing one dollar then we will definitely need a new unit to divide 1 satoshi. This trend will continue until bitcoin finds a stable demand.

You shouldnt worry about that, first of all, that will happen in like 100 years because of the algorithm, second, miners will stay mining because they still get bitcoins for every transaction, so it probably will be the same. And that is really long term, not Sure if 100 years but it was really far away.

when bitcoin is last mine and has run out of bitcoin and can't mine bitcoin anymore maybe the price of bitcoin will be very expensive because bitcoin will be very difficult to obtain.

Nothing will change, miners right now get most of their profits because of the block reward but this will have to change way before the last bitcoin is mined, the plan of satoshi was that the miners maintained themselves with the fees paid by each transaction, so if bitcoin is able to make that transition smoothly then we have nothing to fear when the last bitcoin is mined.

You have a point that people might switch to altcoins in the future and ethereum might be pumping so hard at that time but there is also a chance that the price of bitcoins will grow even more due to shortage.

If we are talking about whether there will be enough for everyone 21 million bitcoins, then there is no problem. More than enough, as each bitcoin 100 million Satoshi. Bitcoins will be enough for all inhabitants of the Earth. If we are talking about whether transactions will be confirmed in the network, if the finding of new blocks stops, then there is no problem here. Transactions will be confirmed as now, as there is a fee for the transfer.

Hello, it's still very far from the time when the last bitcoin will be mined /in the media is that the end of mining will come in 2140/. I rather think that Bitcoin will never be mined. Every four years, the reward per block is divided by half. Total should be 21 million Bitcoins. We will never get the exact number of 21 million BTC, we can only get close to the number. Finally, the reward for the block will be negligible and the network will work almost exclusively through transaction fees. BTC will definitely be a single currency in the future, certainly on the Internet. Unless the BTC will be traded on exchanges, the value will not be stable.

There are only 21 million bitcoins that can ever be mined, regardless of the earth’s population and its corresponding demand for bitcoins. Once all 21 million have been mined, there will never be any new bitcoins (unless a change to the protocol is made to increase the supply). Roughly it has 17M bitcoins circulating. Though 21M is near still it is far enough to achieved the max supply. Lets just enjoy now since it havent reach its max supply.

which is a problem if bitcoin is used up then the miners will play their fees as they wish, and the fee may not go down
if there is no solution, maybe people will actually move to the altcoin because bitcoin makes no sense in it. bitcoin can still live, how to turn it on is by using bitcoin as a payment method in every purchase of any item. And remember, at that time the price of bitcoin will scratch the sky, this is because of the scarcity of supply.

Then the Miners will still be mining the blocks just in order to gain those transaction fees present in that block as at that point of time bitcoin will be very popular amongst people and the transaction fees will be enough to cover the electricity cost along with some profit.

Yes it was actually possible and cryptocurrency will continue to grow even more in the future so we can always say that bitcoins is really good for long term investment.

There's a lot of possible happen to bitcoin once last bitcoin mined, 21 bitcoin supply and as of know they have millions of bitcoin are not sold. If bitcoin last mined possible price are very high or going to dump fastly or satoshi nakomoto add more bitcoins.

People will start mining another cryptocurrency or developers will roll out another hard fork. to ensure that miners continue to receive awards for their computing power.

bitcoin prices will never be stable, even after the last bitcoin was successfully mined. that means there are only 21 million bitcoin in circulation and that will make bitcoin prices tend to rise.

If the last bitcoin is mined, I think they will continue to mine BTC, because BTC's network needs BTC, the transaction fee as the miner's fee.

After Bitcoin is over, they will be replaced by new crypto-currencies, allowing them to replace bitcoin with dignity. And I hope that it will all be announced in advance, so that no one went bankrupt.

There is not way for the price of cryptocurrency in the market to become stable because the price is always based on demand and supply so we should always expect drastic changes in the market value.

I cannot see any of your points being fulfilled.

There isnt going to be a mass influx of people willing to use bitcoin just because the last coin is mined.
mining will continue because transactions will still have to be calculated and confirmed and miners will be rewarded by fees alone.

The prices will not remain stable either, it will still be a decentralised and unregulated technology so
Trading, buying, selling and speculation will continue.

In fact, nothing significant will happen. Bitcoin will continue to live, but its value can grow over time, provided that will remain popular.

As far as I know, this is a forecast for about "in 20 years". It is good that the resource is exhausted, because unlike oil, it involves competition. First, for a short while the exchange rate will be stable, then fall, then they will sell Bitcoin as coins of Nicholas II)

I think that nothing will happen after the last bitcoin is mined. Although this is not for us to see, but nothing unusual will happen. The volatility of bitcoin will not decrease from this. If by that time it reaches large values in the price, then, most likely, volatility will even increase, as the amplitude of price fluctuations will allow it. However, by 2140 bitcoin, if it survives to this time, will be completely different, with completely different possibilities.

then of course bitcoin will become very rare, from where you can draw conclusions.
just imagine the item or something that is difficult to find it would be very valuable, just like a bitcoin.
I am very confident in the future bitcoin will be the most investment in the search among investors.

it is still very long, bitcoin in estimate habisa in mine in 2040 later.
on that, I'm sure if bitcoin has run out in the mine and become so scarce then bitcoin prices will rise high and of course it will be an asset most in search.

Just because all the bitcoin is mined in the future that does not mean that the price is going to become magically stable all of a sudden, in fact the limit of coins is one of the factors that causes the volatility of the market, fiat can be more or less stable because governments can print as much fiat as they want, in the case of gold while there is a limit in the amount of gold around the world we do not know exactly how big that limit really is since there is a lot of gold at the bottom of the sea which is impossible to access right now due to our limited technology, but we know the maximum number of bitcoins from the very beginning and when you add the number of coins lost and kept in cold storage then it is impossible for the price to be stable.

With bitcoin hitting mainstream and a lot of transactions going on daily, I am sure miners will still be making so much from the transaction fees as far as I am concerned.
By the time the last bitcoin is mined anyway, we would have seen the market hit a huge one, and who knows, mining as we are already seeing it now will only be done by very few, scaling would have been solved and transactions would be faster to allow so many to go on in a day, and that in itself is a long term money making machines for the miners.

Most probably you have forgot about the TX fees.
In some assumptions, after ~100 years (or before the last bitcoin will be mined out), the total TX fees will be included into one block may sum-up into more than 50 BTC also (which is the original block reward). Then, why miners will go away and how bitcoin network will be unsecured ?

Bitcoin will have problems with securing network way before all Bitcoins get mined. Most likely before mid of this century. How that will get tackle no one knows. Monero have great solution for it with tail emission that will kick in in 2023. So plenty of time for Bitcoin to see if Monero tail emission is bringing results and is also suitable for Bitcoin.

I think if all bitcoins is mined and nothing is left to mined, then more people will be demanding bitcoin than the supply and it will trigger the price to be at a higher price.

I support your point of view and believe that you are right. When in 122 years the last miner will get, the system will work differently. Perhaps somehow, the lost bitcoins will go to the miners. I do not know exactly, but I think that by that time the blockchain will be improved.

Transaction fee is there and by then, there is a possibility that the miners will be earning just that, which is why I believe there would be few miners by then, and those who have been around for a while would be making something tangible from it.
Also, the protocol could end up being changed and who knows, there could be a way in which miners will not be needed any more and only the coins in circulation will be used but in that case transaction confirmation will have to be taking another turn.

As the number of new pieces generated decreases further, the maximum number of 21 Million Bitcoin is expected to be depleted in the next few decades, and during the process bitcoin will become harder to obtain so I do not think bitcoin will run out but it is very difficult to be mined can not even so many new coins as an alternative and ETH price will be higher.

I don't think it will be until the last BTC is mined. At that time, the value of BTC may be gone. BTC only exists as a speculative product.

Currently, the miners get payed by block rewards + transaction fees. Block rewards are halved every 210,000 blocks, so this part of the miner's profit is diminishing as time goes by.

The reason transaction fees have been introduced in the first place is to prepare for the future when transaction fees would be the main source of income for the miners. If you take a look at the current situation, it is not so hard to find examples where the total sum of transaction fees approaches and even surpasses the block reward.

Bitcoin is designed from the start to be non-inflationary. Today, there is still a sizable inflation (a couple of percent yearly inflation rate), but, year after year, the inflation rate of bitcoin steadily goes down. A non-inflationary currency is "doomed" to appreciate in value, and so are the transaction fees.

So we are actively preparing for this future situation when all bitcoins are mined. Not that it will matter for you and me personally, as we will not be around to witness it.

What do we need to focus more is of course what is near to happen rather than what will happen 122 years from now. We don't even know if Bitcoin will be in the top 10 by that time. You are right looking at Bitcoin from 5 to 10 years from now as we really don't know what it still holds to in the future but we should watch out closely and monitor it. But I doubt BTC will not dominate in the market in the next 5 years or so, it is way too early for a new king to be crowned in the market.

This has been asked many times and there are materials on the web that you can search.

1. We are not alive by that anymore. (assumed date 2140)
2. We don't know if bitcoin still has that demand on that date.
3. If ever it has, the price would be amazing and will make every holder rich.
4. Miners will mine to confirm transactions.

Nothing will change.

1 - mining will continue - miners will be payed throught transaction fees
2 - There is nothing like "last bitcoin" its just slogan for not educated people - each 4 years mining reward from distribution pool is decrised by half. That means that in next 100+ years reward will be decrised to less than 1 sat - what means that it wont be payed. Total amount of bitcoins will be 21 mil than. But bitcoin is open sours code with proof of work (miners decides about code improvement). I'm sure that when peyment will be lesser than 1 sat easiest way to still get peyment will be changing the definition of satoshi. From 1/100 mln btc to 1/1bil btc - current 1 sat wil be 10 sat 1 btc will remain 1 btc so it wont change price. That will give another 4 years of mining with payment from distribution pool - which miner wont agree?   (i think they wont even bother about it - less than 1 sat per block...).
3- it wont affect price. Few years before that mining reward from distribution pool will be unnoticable for price (close to 1 sat per block is 52 000 sat per year which is 0.0005 btc per year for all miners - in last year of payment form distribution pool). Amount of lost bitcoins (wrong transfers, lost keys) each year will soon overlap distribution so situation with decrising amount of bitcoin each year will soon appear or even it is now.
4- if reward from transaction wont pay miners than some miners will quit what will decrise dificulty for others - nothing will change, we will just waste less energy
5 - imagince antminers in next 100 years - i bet that 1 device will handle to compute all transactions - others will just work as dificulty increase - network wont suffer
6- i dont think that it is a topic to talk about at all- in next 100+ years technology will change that much, and code will be change that much that even if you will educte yoursef and prepear for it future will be totally different.
7- i dont think that in next 100 yers bitcoin will remain proof of work - it may become proof of something what is not invented yet - if it wont evolve, it will be doomed to extinction - like everything in nature/economy/etc.
8- price wont become stable - at liest becaouse of that- distribution is stable x/block which mean x bitcoin each 10 min. It is not a thing that is a reason for bitcoin to pump 10000% than dump 80% in one year.
9- bitcoin will be more stable when it will hit 1 000 bil or 10 000 bil marketcap - it will need much more money to move price. We need big players with huge capital for that.  Imagine if bitcoin has marketcap of 100$ - even I would be able to pump it 10000% - even if there is a new supply 10 btc each block (all 16 mln bitcoins are worth 100$ so those 10 each block won't stop me). Things are changing with bigger marketcap.

I dont think bitcoin mining will end just because last bitcoin is mined. Most altcoins like Dash and the rest have been mined since it inception and no sign it is going to mined it last coins, so why bitcoins.

Bitcoin will be recognized as a worldwide means of payment much earlier than its last token will be produced. As soon as the last bitcoin is produced, nothing significant will happen. The price will probably increase even faster, since the number of bitcoins will be strictly limited.

When the BTC was fully mined, it was certainly at that time that the transaction fee value was high, but at that time, the price of BTC was high.

It is true that once all Bitcoin is depleted, transaction costs will be the sole source of income for miners. The main concern is whether the transaction costs will be enough to keep the finance of the miners afloat.

As of now, nobody knows for sure. One thing I'm certain of is that the miners' incentive would solely rely on the tx fees on the block, and if there aren't enough fees to make money, plus the fact that bitcoin didn't boom too much, it will slowly die and everyone would just transfer their funds into newer assets. It is entirely debatable what will happen 122 years from now, but in the short-medium term, it is more likely that people will get the hang of bitcoin and the cryptocurrencies given that it is starting to ring some bells in their local governments. The next 5-10 years would be the most crucial stage in which bitcoin would face. It's either people would like it or people wouldn't, and would just move into another cryptocurrency of their choosing.

The last bitcoin is mined means there are 21 million  bitcoins are there in the market at different hands.Through the block chain technology it will be crystal clear that who are all possessing each bitcoins in the market..In such a situation the simple market theory is applicable, the supply and demand. Whenever the supply of bitcoin is stopped or stand still naturally its demand will increase in the market so its price can increase considerably

There would be many possibilities when the last Bitcoin is mined. Many are hoping for Bitcoin to go mainstream and it is possible. Bitcoin has the most trust with respect to all cryptocurrency that exist so it may be. The price, on the other hand will not be stable. Based from the law of supply and demand, the higher the demand and the lower the supply, the higher the price. Since the supply is constant and the demand is varying, the price should be varying as well.

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.