Will mining will ever stop ? - page 14.

Btcalimie

newbie

Activity: 209

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Quote from: audifragos on January 09, 2018, 06:36:07 AM

Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers .

1 - will mining will ever stop Huh

?

2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ?

thank you !

Mining will not stop and will run forever. Base on what we all see mining is very useful in every transactions we have made. This way we could experience faster transaction with a low cost. If cryptocurrency will rich its limit that I am sure their going to expand it.

javierromero69follaculos

newbie

Activity: 28

Merit: 0

Nope, I don’t see that coming and it is something that is clearly not possible.

Cgilonrondom

newbie

Activity: 25

Merit: 0

The cryptocurrencies will fade if the mining stops and it will change the dynamics.

MixedGalaxy214

newbie

Activity: 29

Merit: 0

I don't think mining will stopped ever as new companies will use new coins and then there will the need of new coins.

BlazeEthereal27

newbie

Activity: 29

Merit: 0

The use of crypto currencies will be bigger so in future people will need more coins. so mining is unstoppable.

WiredContent55

newbie

Activity: 30

Merit: 0

As the world is running to the massive technology, so it will be impossible to stop mining.

ExoticDynamics547

newbie

Activity: 45

Merit: 0

Mining will never stop. There will be more difficulties in mining in future that's it.

mh6e

newbie

Activity: 140

Merit: 0

Quote from: Vik_the_Carpentner on January 09, 2018, 06:45:14 AM

I don't believe we'll see the days when mining will stop. The crypto currency will fade away much earlier than this thing would happened.

If mining is stop so does crypto. Because mining is the one who will process all transaction. Maybe if it reaches to limit it stop but for that certain coin only. I think the other coin is still continue mining. That's how mining works if one area is out they transfer to another area to be mine again.

CardMate355

newbie

Activity: 31

Merit: 0

I don't think mining will stopped ever.

charlop24

copper member

Activity: 560

Merit: 2

Quote from: audifragos on January 09, 2018, 06:36:07 AM

Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers .

1 - will mining will ever stop Huh

?

2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ?

thank you !

Firstly, mining is required to support the ecosystem of a cryptocurrency, confirming transaction and ensuring that whole system runs smoothly. The fact that mining is required for the smooth running of an ecosystem makes it compulsory and as such its not going to stop, unless there's a change in the modus operandi of the ecosystem.

Secondly, when a cryptocurrency has a maximum supply limit such as Bitcoin with 21 million as its supply. It simply means that the only Bitcoin which would ever be in circulation is 21 million. This was effected to curb inflation and ensure that there's a constant increase in the value of the cryptocurrency. As learnt in basic economics, the lesser the supply of a commodity, the higher the price and vice versa.

itoybtc

member

Activity: 71

Merit: 10

Quote from: audifragos on January 09, 2018, 06:36:07 AM

Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers .

1 - will mining will ever stop Huh

?

2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ?

thank you !

Mining will never stop as we can see there's a lot of people who has their business by mining using CPU and GPU mine. For me i think mining will still there unless the price of the GPU and CPU will increase rapidly in the market because of that the miners will have difficulties in terms of purchasing the CPU and GPU because of the price hike in the market. And also new opportunities in the cryptocurrency so that the investors still have their interest in mining activities. So they will earn and earn a lot of profit in mining. And because of that not only the value of the cryptocurrency will increase but also the numbers of miners and investors in this kind of business.

odranoel

member

Activity: 602

Merit: 10

Correct me if i am wrong because i never been tried mining since i joined, but as i understand mining was never stopped but sometimes temporarily hold because if sometimes miners feel that they are losing, but if is okay in the times comes it will resume and continue mining.

Marcsymon

member

Activity: 322

Merit: 10

Quote from: panbirt on August 12, 2018, 07:15:28 AM

Mining will not stop. As long as the encryption market is always running. Mining will not stop. The employee will also work all the time. The cryptocurrency begins with mining. There will be more and more coins in the encryption market for you to dig.

Actually mining is part of cryptocurrency investment and this was already uprooted that hard to avoid. If bitcoin industry exist for many years, I think mining will also does, and this will not stop ever.

wowprolol

member

Activity: 224

Merit: 10

even if they get all the bitcoins it will change almost nothing . the price of bitcoin will decline

panbirt

newbie

Activity: 84

Merit: 0

Mining will not stop. As long as the encryption market is always running. Mining will not stop. The employee will also work all the time. The cryptocurrency begins with mining. There will be more and more coins in the encryption market for you to dig.

crimsongoth

member

Activity: 588

Merit: 18

I think stop of the mining is impossible. Even if a cryptocurrency is over for mining,ç, new options will always emerge so mining business will never end.

numbertech

full member

Activity: 427

Merit: 101

No mining will ever stop when cryptomoney is on top, because it is very profitable, when to be mined all the coins still need to do mining transactions. If certain coin inventory, say BTC or ETH all mined then the miners will benefit from the transaction costs paid by everyone. This could be a sign of an increase in the cost of certain coin transactions in the future as miners benefit from only the transactions and not the rewards they earn from the mining blocks. Cool

Pleemlio

newbie

Activity: 45

Merit: 0

Great inquiry. For me, it will never stop on the grounds that in the event that it will stop no more individuals or digger will process our exchange, there are numerous exchanges ever second. Blockhain is developing ordinary, you can't quit mining in light of the fact that on the off chance that it will happen, no more exchange will be handled.

1978lover

newbie

Activity: 42

Merit: 0

Even if all the bitcoins have been mined, the miners still have to keep running.

HansakaMadushan

full member

Activity: 378

Merit: 109

I figure mining will never stop insofar as there are any coins that could be mining and if the supply achieves the points of confinement, at that point we can move to another coin that will give us a benefit. I am certain that there are numerous coins that we can dig and the cost for each coin will increment and on the off chance that we are sparing a great deal of coin from mining, at that point I figure our benefit will be enormous. they will win the cash on the off chance that they can spare their coins and just hold up until the point that the cost builds high.

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