Topic: What Will happen if all bitcoin already mined ? - page 9. (Read 14728 times)
I think they will find an alternative way if it occurs but I am sure developers will find a perfect solution before it happens.
There are only 21 million total bitcoins that can be mined, what will happen if all bitcoin is already mined?
If all bitcoin is already mined then the limit of the total bitcoin will be reached and it wouldnt be mined anymore due to its maximum limit. So if 21m is mined so therefore there will only be 21m total in all. Only transaction will be mined..
In everyday mining limit, so far that expected bitcoins haven't mined. mining will be taking part still when segwit is been activated. Then, as you said miners will get the fees for the transaction which are all moving via network blocks.
There are only 21 million total bitcoins that can be mined, what will happen if all bitcoin is already mined?
If all bitcoin is already mined then the limit of the total bitcoin will be reached and it wouldnt be mined anymore due to its maximum limit. So if 21m is mined so therefore there will only be 21m total in all. Only transaction will be mined..
In everyday mining limit, so far that expected bitcoins haven't mined. mining will be taking part still when segwit is been activated. Then, as you said miners will get the fees for the transaction which are all moving via network blocks.
And what will happen when the sun's rays run out?
There are only 21 million total bitcoins that can be mined, what will happen if all bitcoin is already mined?
If all bitcoin is already mined then the limit of the total bitcoin will be reached and it wouldnt be mined anymore due to its maximum limit. So if 21m is mined so therefore there will only be 21m total in all. Only transaction will be mined..
This is not something we have to be worrying for now because the time-frame for that is still so far away. Now, what can happen is that miners would be making money on per transaction basis. Will it be profitable or not is something we can only speculate. There are more pressing problems for Bitcoin that must be attended as soon as possible so let's not overthink things here.
Will this lead to higher mining fee?
Offcourse, since there will be no block reward as all the coins are already mined. So, for compensating the loss, miners will charge high fees. It is quite inevitable. But I believe till that time the mining chips would be really advanced and more affordable. Thus, miner's initial investment would be less. So, this may cut down the raised fees. Moreover, with the developing technology we might see some other form of currency and Bitcoin might get lost in thin air. 2140 is really a long time. Speculating about it even when we will not be alive is indeed funny. 
Will this lead to higher mining fee?
More or less. You are right. Since the volume of transaction will be high, then the demand of mining processing will be high too that result to slow confirmation and forcing bitcoin user to input high transaction fee.
Will this lead to higher mining fee?
Its already been mentioned but to put it simply as more halvings occur transaction fees will represent a bigger and bigger proportion of the revenue generated by miners. It is already starting to be significant which is one of the reasons why miners wish to see bigger blocks rather than offchain solutions. It is literally their future potential revenue source.
Price will increase if demand increases.
Miners will mine for transaction fees to secure the network.
Miners will mine for transaction fees to secure the network.
mining all bitcoins will take too long so you don't have to worry about that issue. even so, if that happens devs will find away to fix such problem.
maybe after 100 years when all bitcoins have been mined, i think only miners will be affected but they can still make profit from verifying transactions or mining altcoins.
maybe after 100 years when all bitcoins have been mined, i think only miners will be affected but they can still make profit from verifying transactions or mining altcoins.
When all the coins are mined miners will receive money for the transaction process and in parallel can mine other crypto currency. If people will have all 21 million bitcoins, the number of transactions will be sufficient to miners made good money.
There are only 21 million total bitcoins that can be mined, what will happen if all bitcoin is already mined?
According to research if bitcoin reach its limit, it will be disappear but it doesn't happen already so don't worry. I think devs will solve the problem to extend.This is a BS, How come that bitcoin will disappear it was mined. Where do you find that information? After all BTC mined, All the miners will still have profit from processing transaction. Imagine if all bitcoin was mined, The volume of transaction per day will inflate and that means a lot of job and income opportunity for investors that time. But bitcoin scaling might resolve first before thinking this matter.
If all the bitcoins were mined then there won't be any stability to bitcoin value. The limited supply would be fully into circulation and there will be no new investment into bitcoin. No buying if it and at this point people will have altcoins as the opportunity to trade their money with all the ups and downs in it. As bitcoin would be unstable and will be going down over the time it will not receive that much peers as it is getting right now.
Considering the price stability would not be right parameter because bitcoin price is generally not stable . You can see dip of 400 - 500$ in a day as well as rise of 300$ in a day inspite of not having full supply of bitcoin currently.
Yes one of the thing is that new investment may not be much as it happens today if all btc is being circulated.
If all the bitcoins were mined then there won't be any stability to bitcoin value. The limited supply would be fully into circulation and there will be no new investment into bitcoin. No buying if it and at this point people will have altcoins as the opportunity to trade their money with all the ups and downs in it. As bitcoin would be unstable and will be going down over the time it will not receive that much peers as it is getting right now.
The flood of investment will probably stop at that time. On the tops I assume mining industry will get affected at major level. The mining will be of course limited to doing and confirming the transactions from block and there won't be any creation of new blocks or generation of coins. It may happen that founders of bitcoin will add more coins into the circulation by creating some. They might have thought of it already. Or bitcoin will get collapsed due to insufficient volume being invested into it as is the case currently.
they will mine for fee, which are around 220 btc now, against the 1800 btc from the total emission per day, 1/9
this value in fee will be lower thanks to segwit, but this also mean that the same value will be higher against fiat currency, because will force adoption and the value will increase
this value in fee will be lower thanks to segwit, but this also mean that the same value will be higher against fiat currency, because will force adoption and the value will increase
This is the most complete definitive answer.
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No. According to what research? Bitcoin will still exist when all Bitcoins are mined and the developers don't have to do anything about it.
Miners will keep mining and getting paid from the transaction fees of each block, which will be adequate due to the huge amount of transactions assuming Bitcoin also scales on-chain.
Miners will keep mining and getting paid from the transaction fees of each block, which will be adequate due to the huge amount of transactions assuming Bitcoin also scales on-chain.
Monero will replace Bitcoin 
Coming sooN 1XMR = $1000
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