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Topic: Who will mine the last Bitcoin? - page 3. (Read 4003 times)

hero member
Activity: 715
Merit: 500
June 11, 2014, 03:01:31 PM
#23
Guys i guess by last coin he means last block worth 1 coin?

As stated in the above postings, the last block will have a reward of much less than 1 coin.

If you care for a word problem:
The block reward is planned to halve every 4 years for 132 years with an original block reward of 50. How many coins will be issued in the last block?

There are 33 halvings.  The last reward would be 50 / 2^33.


Ah, close and the error is probably one of semantics. But there will only be 32 halving events. The last block will generate right before a 33rd halving.
legendary
Activity: 1722
Merit: 1000
June 11, 2014, 02:51:37 PM
#22
Any wild speculation out there?

My grandson with my relic  S1 miner he restored for shits and giggles.
sr. member
Activity: 364
Merit: 250
June 11, 2014, 02:40:58 PM
#21
Guys i guess by last coin he means last block worth 1 coin?

As stated in the above postings, the last block will have a reward of much less than 1 coin.

If you care for a word problem:
The block reward is planned to halve every 4 years for 132 years with an original block reward of 50. How many coins will be issued in the last block?

There are 33 halvings.  The last reward would be 50 / 2^33.
hero member
Activity: 840
Merit: 1000
June 11, 2014, 02:35:04 PM
#20
Silly thread, but with a simple answer: nobody, it won't be worth mining.

If the miners switch off their mining rigs, who or what then powers the Bitcoin p2p network?

The Blockchain will be phucking humongous by then.
hero member
Activity: 715
Merit: 500
June 11, 2014, 02:34:19 PM
#19
Guys i guess by last coin he means last block worth 1 coin?

As stated in the above postings, the last block will have a reward of much less than 1 coin.

If you care for a word problem:
The block reward is planned to halve every 4 years for 132 years with an original block reward of 50. How many coins will be issued in the last block?
sr. member
Activity: 434
Merit: 250
June 11, 2014, 02:20:52 PM
#18
Guys i guess by last coin he means last block worth 1 coin?
hero member
Activity: 658
Merit: 500
Respect All Fear None
June 11, 2014, 02:19:51 PM
#17
My son will, He is still yet to be born but it is a very good chance it will be him

or her  Grin

Correct  Grin
hero member
Activity: 518
Merit: 500
June 11, 2014, 02:12:14 PM
#16
My son will, He is still yet to be born but it is a very good chance it will be him

or her  Grin
legendary
Activity: 2576
Merit: 1087
June 11, 2014, 02:08:08 PM
#15
Silly thread, but with a simple answer: nobody, it won't be worth mining.

Someone without a clue posting utter crap as if it was fact?

On the spec sub forum?

NEVER
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
June 11, 2014, 02:07:45 PM
#14
Silly thread, but with a simple answer: nobody, it won't be worth mining.

As you're so confident of it failing, I think someone, somewhere will mine the last fraction using the processors in their futuristic silvery cape and then sink into their hot tub on Titan whilst having a nostalgic chuckle.
hero member
Activity: 658
Merit: 500
Respect All Fear None
June 11, 2014, 02:07:33 PM
#13
My son will, He is still yet to be born but it is a very good chance it will be him
legendary
Activity: 2170
Merit: 1094
June 11, 2014, 02:05:52 PM
#12
Silly thread, but with a simple answer: nobody, it won't be worth mining.
legendary
Activity: 2576
Merit: 1087
June 11, 2014, 02:03:56 PM
#11
The difficulty will be so high that a pool will mine it, not one individual.

And what is the final reward for a block? 4 coins? 1 coin?

Think smaller. much smaller Smiley
hero member
Activity: 672
Merit: 500
June 11, 2014, 02:02:34 PM
#10
I often wonder whether bitcoin will still be around in year 2140?

I believe in cryptos. They will be around in 2140, but bitcoin as we know today might not be alive. Technologies will be much more advanced and bitcoin may have been phased out by newer generations of cryptos. Bitcoin would be so "old tech", they dropped backward compatibility to it. The last block reward could not be mined because there the new internet could not accommodate the bitcoin protocol...

Not an improbable scenario. 100 years is an extremely long time for techoolgies.
hero member
Activity: 784
Merit: 1000
June 11, 2014, 02:02:27 PM
#9
The difficulty will be so high that a pool will mine it, not one individual.

And what is the final reward for a block? 4 coins? 1 coin?

EDIT: read in the other thread the reward will be near zero, so… yeah.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
June 11, 2014, 02:02:08 PM
#8
By that point there'll be a Satoshi religion. The final coin will be hand calculated by a congregation of billions all gathered in the grand canyon.
legendary
Activity: 2576
Merit: 1087
June 11, 2014, 01:59:02 PM
#7
Hari Seldon
hero member
Activity: 644
Merit: 500
June 11, 2014, 01:30:08 PM
#6
satoshi mined the first one, he will mine the last  Grin
how come satoshi alive for more than 150 years?
maybe satoshi's grandchildren mine it with solo mining Tongue
Eligius Cheesy

Wait a second, I'm confused now is it 2140 or 2040? Many people say either one or the other year. Who's right?
check my link above Grin
hero member
Activity: 812
Merit: 587
Space Lord
June 11, 2014, 01:27:47 PM
#5
Eligius Cheesy

Wait a second, I'm confused now is it 2140 or 2040? Many people say either one or the other year. Who's right?
hero member
Activity: 644
Merit: 500
June 11, 2014, 01:25:35 PM
#4
Miners from year 2140 Tongue
but who? that is very wild speculation if we guess it from now
another similiar thread
https://bitcointalksearch.org/topic/what-will-be-the-date-of-last-bitcoin-mined-173145
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