Topic: when the total supply of btc mine able then what happen (Read 179 times)
you have give your private key address to your childhood because they will be rise on 2140
Current supply 17,332,225 BTC but total supply 21 million what happens when rest of all % amount mining done then how to transaction btc . becuase we all know miner play big role for each and every transcation .how to process it becuase that time all the minner stop. i am looking for a this answer deeply .
This scenario is going to take place a hundred years plus from now that getting agonized now is very much senseless.
According to critics, as soon as the last Bitcoin been mined, miners might have to depend on the transaction fees for maintaining their operations. Though nobody can be sure of exactly how the crypto coin will continue spreading across a bigger financial market, it appears as if currency’s limited supply will cause its prices to keep on rising.
It's estimated that bitcoins total supply would be mined by 2140, that's a hundred and twenty two years from now.
At that point BTC would have grown in adoption and value and would be used more regularly by people as a means of payment and this would make transaction fees which would be then be the only reward for completed blocks sufficient for miners.
And there would be more options by that time as the currency evolves
At that point BTC would have grown in adoption and value and would be used more regularly by people as a means of payment and this would make transaction fees which would be then be the only reward for completed blocks sufficient for miners.
And there would be more options by that time as the currency evolves
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Expect more Bitcoin price increase when the total supply has been produced. Bitcoin is better than gold after that situation and the inflation rate of this cryptocurrency will be higher than any other commodities. Bitcoin is a goldmine and the value would be higher over time.
I don't see why would anyone be worried about this since It's not going to happen in our lifetime but to answer your question, the miners will be getting transactions fees instead of block rewards. It's going to worth much more logically because there will be no more bitcoins to create.
Current supply 17,332,225 BTC but total supply 21 million what happens when rest of all % amount mining done then how to transaction btc . becuase we all know miner play big role for each and every transcation .how to process it becuase that time all the minner stop. i am looking for a this answer deeply .
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