What will miners do when all Bitcoins gone and no reward will be given?

tothh

newbie

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Thank you sir!

altcoinhosting

hero member

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Quote from: tothh on November 07, 2016, 03:29:16 AM

I'm a bit confused about this. Will they receive transaction fees as a reward? What difficulty will be present if all BTC are already in circulation and nothing is there for mining?
On blockchain, the chart indicates 16 million (16,000,000) BTC is rewarded and are held by individuals.

Thanks!

please use the search function, it'll result in a list looking like this one:
https://cse.google.com/cse?cx=016660200577587308545%3Aesf40ml9aag&ie=UTF-8&q=what+if+all+bitcoin+is+mined&sa=Google+search#gsc.tab=0&gsc.q=what%20if%20all%20bitcoin%20is%20mined&gsc.page=1

To answer your question: yes: if the block reward goes to 0 satoshi's, the miners will keep mining for the fees. It's possible the diff will drop because miners turn off some machines, leaving more blocks and more fees for the leftover miners

tothh

newbie

Activity: 14

Merit: 0

I'm a bit confused about this. Will they receive transaction fees as a reward? What difficulty will be present if all BTC are already in circulation and nothing is there for mining?
On blockchain, the chart indicates 16 million (16,000,000) BTC is rewarded and are held by individuals.

Thanks!

Topic: What will miners do when all Bitcoins gone and no reward will be given? (Read 836 times)