Hashing power required to mine 1 Bitcoin doesn't grow by itself. It grows since miners (i.e. the ones who mine bitcoins) are either adding more efficient equipment (in terms of hash-power) or their sheer number increases. As you can easily see, neither of these cases provides a viable reason to claim that Bitcoin mining is dying. Hashing power (per 1 BTC of reward) is effectively doubled only at the moment of halving, but this happens just once in a four year period. And this time the reward halving was very well compensated by the growth in Bitcoin price...
As it seems, you should change your statement once again to something like "individual Bitcoin mining is slowly dying"
Deisik suppose I change my statement to "individual bitcoin mining is slowly dying" do you think It won't happen to big farms/pools. Because what I know there can only be 21,000,000 BTC in existence, And that number is a finite countable number. So I am sticking to my statement. The only thing BTC can do is to double the amount to be mined to 42M but I guessed it will create a lot of more problems than solving one.
The rewards are not the only source of revenue flow that miners receive. They also receive the fees which right now make up to a few percent of the reward. But that's not what my whole point is about. If some miners leave (wtf, even if 99% of them leave), the difficulty (i.e. hashing power required to find a block) will eventually
decrease (within a few weeks), and it will be decreasing until it is
profitable to mine again (even if there is no more reward but only fees constitute the miners total revenue). You seem to be confused about what mining actually refers to. It is not so much about injecting new coins into the system as about supporting the Bitcoin network, i.e. finding new blocks and processing transactions. So, in a sense, mining can only die together with Bitcoin, if the latter is no longer in demand (read as dead as a doornail)...
Or there are no more blocks to be found
