Will mining will ever stop ? - page 20.

DRVX

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Quote from: bitcoinmee on July 14, 2018, 12:01:43 AM

i dont think mining crypto will ever stop everyday there's a new coin that is made but i think it will improve & and it will innovate for miners

Of course, nobody will stop mining. However, as I have read today miners will pay more for electricity than other citizens. For instance, in New York, this rule works already. Probably, miners will get less income, but mining will exist further.

cryptophilia002

newbie

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well i don't think so, s long as there's a POW coin to mine, miners would flock over and mine those coins. Unless all coins switch to Proof of Stake or any other algorithm though

grumpylittlepoodle

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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 is mining in a past decades mining will develope but until now there's a selected people still do the mining. In your number 2 questions your expectation in limits of coins i think can cause a long long year. 21M as a price of BTC is so hard to reach specially now.

amaterazu

jr. member

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Miners will still continue to do because the results are also very large. We know that the miners need a highly sophisticated tool and the price is also not cheap. So this mining will continue to run and last a long time while BTC is in this condition.

gempil

newbie

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We all can not know for sure what will happen tomorrow, because crypto is not a technology that is easy to predict. Mining will continue as long as the crypto can survive, as more and more industries will be interested in creating new coins. In addition also from the community will continue to experience progress in following the mining program. So mining will continue to survive and can develop its technology.

Plecet Bank

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If according to my view, someday mining will surely be over. Moreover, if the number of coins all have succeeded in mining. for example, for a very limited number of bitcoin, of course one time will be exhausted in mining. If it is up, then I'm sure the process of mining would also be completed.

bitcoinmee

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i dont think mining crypto will ever stop everyday there's a new coin that is made but i think it will improve & and it will innovate for miners

Vampirepro

newbie

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The natural stopping point would, of course, be when: electricity cost > income

However, one could rationalize continuing in spite of that if you held mined coins hoping that an eventual rise in value would push income+capital gain above current electricity cost.

vinbentrob

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Mining is at the core of functionality of most cryptocurrency. Mining is not stopping anytime soon. Without mining, transactions will stall and there will be multiple transactions failure. Except coin start running Pos, miming is the only way for coin to function properly.

bebinonaa

newbie

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regardless of whether the sum total of what Bitcoins have been mined, mineworkers still need to continue rushing to affirm exchanges. This time, their prizes will be altogether in view of exchange charges rather than bitcoin from recently shaped squares.

littleheart

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Activity: 206

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I figure mining will never stop in light of the fact that if Bitcoin mining achieves its 21 Million Bitcoin limits, you can go to other cryptographic money and begin mining again. On the second inquiry, if Bitcoin achieves its breaking point, I think Bitcoin esteem will expand significantly higher than ordinary due to shortage and cutoff points and we will acquire cash. Simply my musings in light of the fact that there is no digital money achieves its breaking points yet.

Azzhan

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When the mining reaches the limit of bitcoin, the mining does not stop.
The next thing to keep digging, however, is the fees generated by bitcoin exchanges.

Runbitup

full member

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If mining stops, there will be no crypto to dig and sell, so mining will never stop as long as there are coins that can be mined and mining will continue to work

airdrop21

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NO it will not.
Even when we reach the maximum coin supply, people will still keep trading and paying fees and so miners will get paid by those fees while running the mining.

rose9696

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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 exploit will end when it is no longer profitable. Currently there are many altcoin that can make a profit for the miners. They have many options and Bitcoin is not the only choice.
When Bitcoin reaches the limit, it means Bitcoin will remain the same. It will not make any changes because Bitcoin only moves from one person to another and it can not disappear.

thaokhuyen05

newbie

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sure. If there are no peachers, then someone will confirm the transaction. An indispensable logic. A coin must always have a place to confirm transactions as well as an internet must have a server system

a4illusionist

jr. member

Activity: 365

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Mining will never stop. That is because the coins will never stop coming. More and more projects will get inducted in the market and they will keep coming up with new projects. So once a coin will reach at its end, there will be more coins to mine of some other projects. So don't worry and don't sell your machines. Keep mining.

dylanmeter

newbie

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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 is a vital process in the existence of Cryptocurrency. without Mining Crypto won't exist. In other words, , mining validates cryptocurrency transactions and also releases new currency.

autocurently

newbie

Activity: 81

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Bitcoin mining will obviously outlive us, and will not stop soon .

vasilvas15

newbie

Activity: 294

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While there are crypto-currencies, their mining will go, it's obvious. After all, this is how the process of computing and processing transactions of these crypto-currencies occurs.

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