Who will mine the last Bitcoin? | Bitcointalksearch.org

picolo

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Quote from: cakir on December 25, 2014, 12:18:02 PM

I'm pretty sure that no one on this forum will see it. No one will live that long Grin

There are 125+ years till it ends...

Most bitcoins will be mined long before 2140. It will take decades just to mine the last coin.

cakir

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★ BitClave ICO: 15/09/17 ★

I'm pretty sure that no one on this forum will see it. No one will live that long Grin

There are 125+ years till it ends...

picolo

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Quote from: homo homini lupus on December 25, 2014, 01:21:46 AM

nobody will mine the last bitcoin because it will have become insignificant and close to worthless within a couple of months or years at the current rate of decay.

We'll rally the V 2.0 and people like you can then ask who's mining the last 2.0-coin and the answer will be roughly the same.

Why do you bother coming here if you think Bitcoin will fail?

Parazyd

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Space Lord

Quote from: picolo on December 24, 2014, 09:19:53 PM

Quote from: bitcon on December 24, 2014, 08:39:54 PM

when the last coin is mined in 2140, then all the miners will shut down and the network will die.

Bitcoin will still be used and will generate transactions fees. Hobby miners would still keep some equipment connected even without any reward.

Plus, the transaction fees get distributed with the mined block too. And if Bitcoin catches on, there will be MANY transactions.

homo homini lupus

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nobody will mine the last bitcoin because it will have become insignificant and close to worthless within a couple of months or years at the current rate of decay.

We'll rally the V 2.0 and people like you can then ask who's mining the last 2.0-coin and the answer will be roughly the same.

picolo

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Quote from: bitcon on December 24, 2014, 08:39:54 PM

when the last coin is mined in 2140, then all the miners will shut down and the network will die.

Bitcoin will still be used and will generate transactions fees. Hobby miners would still keep some equipment connected even without any reward.

bitcon

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when the last coin is mined in 2140, then all the miners will shut down and the network will die.

Wilhelm

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People will no longer be interested in mining.
Some grey old fart will start up his mining desktop after a century to find out the difficulty dropped to near zero.
Last coin will be mined with CPU mining Cheesy

Wandererfromthenorth

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Quote from: Tzupy on July 06, 2014, 08:35:48 AM

Quote from: JimboToronto on June 17, 2014, 11:07:44 AM

Quote from: Tzupy on June 11, 2014, 03:05:52 PM

Silly thread, but with a simple answer: nobody, it won't be worth mining.

It actually will be worth mining, but only because it will be accompanied by a nice bunch of transaction fees.

Bitcoin is the dinosaur of cryptos, and it took just a few years for alternative cryptos to develop.
These better cryptos will challenge bitcoin during the next years, bitcoin only has inertia and a cult following to delay the inevitable.
Eventually bitcoin will be replaced, and believing that bitcoin will still have a significant position in 2040, let alone in 2140, is wishful thinking.

Couldn't have said it better myself.
Amen to every single word.

Soros Shorts

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Quote from: Tzupy on July 06, 2014, 08:35:48 AM

Quote from: JimboToronto on June 17, 2014, 11:07:44 AM

Quote from: Tzupy on June 11, 2014, 03:05:52 PM

Silly thread, but with a simple answer: nobody, it won't be worth mining.

It actually will be worth mining, but only because it will be accompanied by a nice bunch of transaction fees.

Bitcoin is the dinosaur of cryptos, and it took just a few years for alternative cryptos to develop.
These better cryptos will challenge bitcoin during the next years, bitcoin only has inertia and a cult following to delay the inevitable.
Eventually bitcoin will be replaced, and believing that bitcoin will still have a significant position in 2040, let alone in 2140, is wishful thinking.

It is likely that Bitcoin will be replaced, but I don't believe it will happen in a way that current holders will be completely screwed over without having plenty of time to migrate over to the new technology.

Even if everybody abandoned Bitcoin, somebody will probably still leave a mining node running till 2140 in some crypto museum hosted on a server somewhere.

picolo

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Quote from: El Emperador on November 16, 2014, 05:12:09 PM

Quote from: bitcoinsrus on June 11, 2014, 02:23:47 PM

satoshi mined the first one, he will mine the last Grin

Mega - LOL Grin

The correct answer would be that the last Bitcoin will be mined by many different people through a pool and many blocks since the last block reward will be a satoshi

El Emperador

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Quote from: bitcoinsrus on June 11, 2014, 02:23:47 PM

satoshi mined the first one, he will mine the last Grin

Mega - LOL Grin

picolo

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The last Satoshi may be mine by a computer lab for research purposes about Bitcoin after the value in the currency was moved to an other form

okthen

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Tom Bombadil.
He's always existed, he'll always exist. He'll mine that last coin for sure.

Tzupy

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Quote from: JimboToronto on June 17, 2014, 11:07:44 AM

Quote from: Tzupy on June 11, 2014, 03:05:52 PM

Silly thread, but with a simple answer: nobody, it won't be worth mining.

It actually will be worth mining, but only because it will be accompanied by a nice bunch of transaction fees.

Bitcoin is the dinosaur of cryptos, and it took just a few years for alternative cryptos to develop.
These better cryptos will challenge bitcoin during the next years, bitcoin only has inertia and a cult following to delay the inevitable.
Eventually bitcoin will be replaced, and believing that bitcoin will still have a significant position in 2040, let alone in 2140, is wishful thinking.

picolo

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Activity: 1022

Merit: 500