Topic: What will happen when we hit 21 000 000 bitcoins - page 2. (Read 2003 times)
Imagine being the person to mine the last remaining Bitcoin I would keep that Bitcoin for the rest of my life just for a collectors thing.
That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined.
Around 2140 all satoshis will be mined.
The last whole BTC will be mined by 2040.
I'm 65 years old and I might even be still alive in 2040.
It's 2140 not 2040 so a lot of us will not be alive.
I feel you didn't read the post
I have no idea, let me know when you get there 
That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined.
Around 2140 all satoshis will be mined.
The last whole BTC will be mined by 2040.
I'm 65 years old and I might even be still alive in 2040.
It's 2140 not 2040 so a lot of us will not be alive.
I feel you didn't read the post
It's a fair question, I think that some people will pay larger fees to get their transaction processed - or perhaps the value of Bitcoin will be much higher.
It's an interesting thought.
It's an interesting thought.
That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined.
Around 2140 all satoshis will be mined.
The last whole BTC will be mined by 2040.
I'm 65 years old and I might even be still alive in 2040.
It's 2140 not 2040 so a lot of us will not be alive.
You failed to read the post you've quoted, didn't you?
That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined.
Around 2140 all satoshis will be mined.
The last whole BTC will be mined by 2040.
I'm 65 years old and I might even be still alive in 2040.
It's 2140 not 2040 so a lot of us will not be alive.
By then Bitcoin will be successful or a failure. I doubt it will only be a niche thing at that point. If it's successful, there will be millions of transactions fighting to be included in a block. Miners will be fine. If it is a failure (replaced by something else), well... who cares about how Bitcoin miners get paid? 
That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined.
Around 2140 all satoshis will be mined.
The last whole BTC will be mined by 2040.
I'm 65 years old and I might even be still alive in 2040.
Some people will mine for transactions fees or there will be some people who will do just that, that is companies. Who knows, we can't know for sure that we know as well that we won't live to see it.
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined.
That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
how will miners be rewarded and will anyone keep mining only for the fee rewards, how slow will our transactions be? 
I think less people will mine indeed, allthough that reallt depends on the value of the BTC.
Miners will be rewarded by the fees paid by people who make an transaction.
Maybe more people will mine. I'm not an expert in mining, but will ridiculously fast rigs still be needed just to process transactions? Couldn't it open it up to more smaller miners just mining for transaction fees?
Nothing will happen.Because I rarely mine
When we get to 21 000 000 bitcoins, how will miners be rewarded and will anyone keep mining only for the fee rewards, how slow will our transactions be?
Difficulty for Bitcoin would drop 95%..
When we get to 21 000 000 bitcoins, how will miners be rewarded and will anyone keep mining only for the fee rewards, how slow will our transactions be?
The value of bitcoin will probably be higher and miners get the transaction fees. Once all coins are mined they can/will get lost and that raises the value of all other coins.
in the meanwhile in the hack town ...
human battery has robbery bankars ...
http://www.youtube.com/watch?v=ARYKOaBUOtU
human battery has robbery bankars ...
http://www.youtube.com/watch?v=ARYKOaBUOtU
mission accomplish
Transaction fees will increase in order to compensate them for the work.
One of the draw backs we won't be seeing 21 million Bitcoin in our live times though.
Speak for yourself
Do you plan on living 100 of more years?
I thought the estimates were 2050 to 2070? Plus I think that the world record is 116 so yeah maybe.
Transaction fees will increase in order to compensate them for the work.
One of the draw backs we won't be seeing 21 million Bitcoin in our live times though.
Speak for yourself
Do you plan on living 100 of more years?
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