Will mining will ever stop ? - page 21.

rainezerr401

member

Activity: 294

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 because people is continuously trading in the market and block chain is required in order for the different transactions to be send to its destinations.

qomariah95

full member

Activity: 1190

Merit: 100

If it still can be done I think the miners will continue to work in their field because they would be very comfortable with mining because they also have a tool that is very extraordinary of course they will continue if still can. And when it can no longer be sure they stop.

Edmort

newbie

Activity: 36

Merit: 0

I believe that, like all things, mining will end. But not now and not in the near future. The popularity of crypto currency is growing and growing, so you need to use it while you have the opportunity.

kenborbs

jr. member

Activity: 154

Merit: 1

The revolutionary AI gaming ecosystem

I don't think that mining will gonna stop, as long as there is a blockchain transaction there will always be a mining because it helps the entire blockchain with regards to do transaction on any cryptocurrency and it is also a platform of investment to acquire any coins from the market in exchange with workload by its hardware or GPU.

siggy

sr. member

Activity: 381

Merit: 250

I think that Proof-Of-Stake can become more popular than Proof-of-work and more and more cryptocurrencies will begin to use this protocol.

bbbbbvm

newbie

Activity: 46

Merit: 0

Mining will not stop forever, there will be different coins to be obtained through mining, as long as the cryptocurrency does not die, I think mining will never stop. There will be more altcoins appearing.

vual

hero member

Activity: 714

Merit: 500

Absolutely no it won't cease simply because it's the center of each and every dealings within the cryptocurrency system. When the way to obtain a particular gold coin, let's imagine bitcoin or even eth, had been just about all mined after those miners may enjoy the deal costs compensated through everybody. This is often an indication associated with improve within deal costs of the particular gold coin later on because of miners obtaining their own earnings just in the deal and never the actual benefits these people obtain through exploration obstructs. I really hope it does not improve much exactly where it's not the actual lucrative any longer.

tuannguyenn110

newbie

Activity: 70

Merit: 0

I think mining will never be stopped since it’s the way also crypto-companies can attract more people to gain their token popularity. But mostly, only coins and tokens with large total supply of about billion is capable of mining.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: iSparta on July 05, 2018, 06:11:24 PM

Mining will never stop because it is used to keep cryptocurrencies decentralized and to confirm transactions. The coins for mining and the way how to do it may be changed, also future global virtual machine will need computer power of miners.

People forget that bitcoin is not the only coin you can mine if you want to take some risks you can mine some altcoins with the hope the coin goes up in value in the future, if you do it your profits as a miner are going to be way better than the profits you could get as a bitcoin miner, and if you have some old mining hardware you can use it to mine new altcoins since the competition is low on those coins.

zero4five

sr. member

Activity: 518

Merit: 250

At one point, when the number of coins approaches the set maximum, the calculated hash will simply stop receiving a reward. But the hashes themselves should still be calculated, otherwise the transactions will not be confirmed and users, respectively, will not be able to use the crypto currency - transfer it and pay it off.
In other words, while there are requests for transactions, the need for mining and miners will not disappear: without them, the network is inoperable.

AlisaWhishie

member

Activity: 322

Merit: 20

Personally I hope that it will stop as soon as possible, as it is not eco-friendly, consuming so much electricity. This should be the main question, not profitability, as PoS would also give you the same profit, but it won't require you to spend so much energy. I know that PoS isn't a perfect solution, but when we talk about energy, it's way better than PoW mining.

Ayohafees

newbie

Activity: 41

Merit: 0

In crypto, supply is very important when discussing about currency distribution. The difficulty in mining blocks and reward of each block mined have a percentage and limit....mining continues until all the reward for mining has finished, this is particular to coins with there own platform.

sserge009

hero member

Activity: 770

Merit: 501

Mining can not stop because it processes transactions. In the scenario with depreciation of crypto assets I do not believe, because there is no reason for this. So mining will live forever

dgross0818

full member

Activity: 308

Merit: 146

Quote from: beautygirl816 on July 08, 2018, 05:47:50 AM

I think mining will not stop. I believe in bitcoin. The question is very good. If stop mining , blockchain technology must first be closed. But it will never happen. Every time the investor is increasing. There are a lot of transactions per second in bitcoin. It will not be traded after it is closed. So mining will never stop.

Mining will exist until it brings a profit to mining pools. Everybody knows, the prices make pools work at a loss. If the price of Bitcoin will fall below $5000, its mining will be unprofitable even for large companies, and the network may stop. Dig a bit in the news and discussions, we have a special thread devoted to mining, and you'll see that everything is not so pleasant.

jpnl0002

member

Activity: 308

Merit: 10

the mining of cryptocurrency will never stop as long as coins are still mineable and their is still some satoshi value attached or as long as the miners get to receive their own fair share, i don't see the mining business going down any day

Tanzion27

jr. member

Activity: 252

Merit: 2

I think that it would happen, but there's always a limit, But that's the thing no one knows when it would happen, but as long as there's someone who's using Bitcoin or any other crypto, mining would still exist.

isen

sr. member

Activity: 854

Merit: 250

Quote from: Muzychuk on January 09, 2018, 07:54:38 AM

Mining of bitcoin will stop in about 120 years...)

I think that after 10 years, bitcoin will not be in the first place, it's impossible to say what will happen in 120 years, maybe there will not be any crypto currency.

Dima95

member

Activity: 392

Merit: 27

I will stop, when coins will reach their limit of emission. When 21kk btc will appear, the net will switch to pos

ganesh10

newbie

Activity: 112

Merit: 0

I think mining is becoming into something obselete, the projects that will come in the future probably would use some other method to promote and distribute their currencies.

Ostonian

full member

Activity: 912

Merit: 100

Until a fixed amount of token production is established, the mining will never cease. Unless it can prevent mining from increasing electricity prices, farms for mining, and so on.

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