Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.
I wonder what this information will help. I doubt that this person is planning your actions for the next 120 years. It seems to me that the problems begin early. Now the Federal reserve system of the USA drew attention to the fact that bitcoin threatens the dollar. This may lead to war between America and bitcoin. The consequences of this war is unpredictable. 
Topic: When 21 million? - page 2. (Read 526 times)
If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?
Nope, like as stated above:Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.
But how change the world in 120 years? 120 years ago people didn't know about computers and electricity only appeared. 
If bitcoin supply reaches 21 million, what about bitcoin miner? will they stop to mine bitcoin? or will they still do so?
It should happen somewhere near 2140, but that's just a prediction. You can't tell accurately when it will happen because the blocks times vary a lot. This is because the total hashrate changes every minute and the difficulty does not. The difficulty gets a correction every 2016 blocks, it's based on the hashrate at that time.
The estimate is the year 2140 so we don't have to worry about it since all of us now we'll all be dead but considering Bitcoin was designed like this and there's the halving approximately every four years Bitcoin users will understand the last Bitcoin will be eventually be mined and miners will seek to mine fees to process transactions.
Theoretically by 2140, the 21 million bitcoins will be mined. And if you wonder about miners and mining, we will still need them. They will be paid with the transaction fees but not for the newly created bitcoins (as all of them are mined). Hope that help.
Hi,
can someone please answer that simple question: When will the 21 million pieces be reached?
can someone please answer that simple question: When will the 21 million pieces be reached?
Jump to: