Will mining will ever stop ? - page 16.

BitcoinTurk

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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 !

The mining process is set to never end. For example, miners always have difficulty adjusting their profits, making digging difficulties easier when the number of miners goes below a certain level. This cycle is constantly progressing in this way and the miners are always encouraging them to excavate. The other problem is that there are no stopping points because various crypto options are produced by mining method. For example, when Bitcoin is produced at 21 million units, Bitcoin mining will end, but the mining of other crypto options will continue. We can say that this is an infinite loop if we need to add that there are options with unlimited supply like Ethereum and that the digging difficulty is constantly increasing.

Kemileye

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My own view is that crypto mining won't stop until cryptocurrencies leave the earth surface. If cryptocurrencies doesn't stop then mining won't stop.

Ryanpaul80

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new crypto continues to come up with new innovations. It has certainly created a crypto will continue to be mined but with different types available.

Bexomol

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It won't stop on the off chance that despite everything it gives a benefit for it in reality and How our destiny when mining ceased then we will be quiet defenseless reason who will process our exchange. Mineworkers should even now mine motivation crypto is served altcoin prepared for mine and altcoin presumably won't live without bitcoin and diggers must continue mining bitcoins.

bitcoinzen

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mining will be there until the all coins are mined which is mostly happen for next 50 years from now

genset88

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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 !

1/ It will never stop. Although mining coins has been harder than before because bitcoins are increasingly rare, but the miner still benefits from this.
2/ As I know, there is currently no limit to the supply of Ethereum. I think the coins value will increase if they reach limits.

leslie4u

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I do not think mining would ever stop until we have BTC mining in action. Miners always are in search of new coins to mine and they keep switching gears. Many are fond of mining for whatever reason and have been doing that for years now.

I understand this poses threat to our environment in terms of heat and electricity that's consumed. POS can be an alternative I suppose.

Just read news that a TV got launched that is capable of mining.

KingOfWinterfell01

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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 !

I don't think mining will ever stop since a lot of people depend on mining. Probably developers will find a way to make mining as profitable as bitcoin mining.

I don't think people will win money once all the bitcoins or orther cryptocurrency has been mined. Think about it, who will be giving the price? And how much of the price these people who mined everything will receive?

jmix2018

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Yes mining will never stop until there a crypto currency!! Because mining is always using bitcoin to get some investor to buy there mining tools!!

ptraf

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Mining. Hosting. Cloud Mining.

Mining cant stop untill cryptocurrency exists.

I guess it may costs more cheaper in future - miners will not get such rewards as now, but mining always needed to support network.

lorapalmer

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https://bvo.trybravo.com/

Looks like mining will never stop. Most probably coins, that are mined will change within time. The process of mining might technologically develop and mutate in the future.

dlhezter

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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 !

As long as they have supply in their coin you can still mine on it but if the supply was already reach the limit then you cannot mine it choose another coin to mine like now many people are using mining rig to mine different coins and in reality the supply of the bitcoin was few left. If does happen i think the value of it will continue to have a good price.

nambunamba

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

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 !

Well right now mining face many problem in particular country, there is regulations that people who mining are charge with extra fee for electricity, and also mining become more complex and become less profitable and also market price make it more worse. But i do think there will be always someone who do the mining things so i do think mining would never stop.

blackandred

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mining will not stop. even Bitcoin is all mined. bitcoin transfers still require miners to confirm. but now is the trend, many altcoins have given up the POS mechanism. they started using the POW mechanism. in the future, the mining industry will gradually decrease.

Dheo

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Quote from: voltesbazooka on August 03, 2018, 10:46:43 AM

Quote from: pazzanegro on August 02, 2018, 05:37:54 AM

No, I don't think it will ever stop. Its profitable enough, of course If you have latest miners or GPUs and your electricity bills are not covering your cryptomining income

At the very least, according to CCN latest reports, the number of miners are increasing despite the recent down in the cryptocurrency market. This means that mining is far from being gone.

But what if they already reached the total supply? We all know that all coin has it's limit. Well if mining will continue getting coin then it's good because you can earn always.

voltesbazooka

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Quote from: pazzanegro on August 02, 2018, 05:37:54 AM

No, I don't think it will ever stop. Its profitable enough, of course If you have latest miners or GPUs and your electricity bills are not covering your cryptomining income

At the very least, according to CCN latest reports, the number of miners are increasing despite the recent down in the cryptocurrency market. This means that mining is far from being gone.

jeffbitcoin2018

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I think they will never stop!! Because of the coin are going up and down !! And mining its easy to but its hard to wait until they rich here maximum withdrawal right??

Akselrod

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I think that in such a form as we are now observing it - yes. Too much electricity is spent on this and it is unacceptable for modern times. In the future, new miners or chips will appear, which will be energy-efficient. Therefore, I believe that the mining will remain, only it will be transformed into another form.

Komaci

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No, I think mining won't ever stop cause it will stop no more people or miner will process our transaction, there are many transactions every second.

3x1t

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This doing is close to be finished I consider. There are too many other way to earn money with less amount of money, for example, investing or trading.

Topic: Will mining will ever stop ? - page 16. (Read 4836 times)