Topic: Will mining will ever stop ? - page 29. (Read 4836 times)
I think that is a long way away from happening, most news point to very large chip manufacturers making lots of new ASICs each day more powerful and complex.
I expect most coins will be POS soon, POW is just using a ridiculous amount of electricity that won't be sustainable if they gain popularity.
Mining will not stop as the question was asking but rather some people will quit mining for not gaining enough money from it which does not necessarily means the whole mining process is stopped. Without mining, most transactions on the blockchain will be impossible it won't stop entirely but individual miners who do not gain a lot from mining will stop.
I think one day it will stop. It will be like in the ordinary world, when 80% of the wealth will be in 5%. Even now, corporations that produce video cards and PC components earn on their own more than 80% of the profits of all miners.
Mining cannot stop because that is how the blockchains that support the cryptocurrencies are run. If mining stops then the blockchains themselves will stop running which means that there will be no way for you to use your coins because you would not be able to carry out transactions with your cryptocurrencies.
I think that production does not stop when not. Yes, maybe in the future it will become harder but not to stop. You can find a good blockchain that is easier to mine.
Mining is the source of Bitcoin and Altcoins. If mining is stopped then cryptocurrency will not function and eventually fade away. How can we confirm the transaction without mining.
Already, the most ambitious projects are beginning to abandon mining and move on to other methods of maintaining their network. Still, in the future, there will likely remain small cryptocurrencies that will support mining.
Another silly question...
Do some research.
Mining won't stop as long as there are miners that does the transaction confirmation and keeps the network up and running. This will never stop for top cryptos, there are hundreds and thousands of miners out there for big cryptos.
When bitcoin's total supply is nearly reached, mining will still continue. But the reward for miners will be lesser in terms of BTC. This keeps the network alive as I said, even if the total supply is reached.
Do some research.
Mining won't stop as long as there are miners that does the transaction confirmation and keeps the network up and running. This will never stop for top cryptos, there are hundreds and thousands of miners out there for big cryptos.
When bitcoin's total supply is nearly reached, mining will still continue. But the reward for miners will be lesser in terms of BTC. This keeps the network alive as I said, even if the total supply is reached.
PoW mining is an essential part of the consensus mechanism supporting the PoW coins' transactions. Therefore, as long as there are PoW coins mining will exist.
But the tide is turning and PoS is slowly turning PoW a relic of the past.
I truly believe PoW ming will be reduced to a minimum in the next couple years.
And the decisive blow might be ETH's Casper successful implementation.
But the tide is turning and PoS is slowly turning PoW a relic of the past.
I truly believe PoW ming will be reduced to a minimum in the next couple years.
And the decisive blow might be ETH's Casper successful implementation.
Every transaction is in cryptocurrency network. If certain stocks of coins, say Bitcoin or Ethereum are all mined, then 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 because the miners get their profits only from the transaction and not the rewards they get from the mining blocks. I think there is no mining that will never stop when cryptomoney is on top. Because it is very profitable, when it will be mined all the coins still need to do mining transactions.
I guess that mining will be relevant for a long time. Another question is the profitability of mining. I advise you to turn to serious professionals who will set up the equipment and prompt on the mining of specific coins.
Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers .
1 - will mining will ever stop
?
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 - will mining will ever stop
?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 long as there are cryptocurrency users. Mining somehow provides services for all exchange platforms enabling various transactions for cryptocurrency users across the globe.
How does mining stop trading?
I think mining will not stop. And Bitcoin will be more and more expensive. Mining resources will be less and less, so Bitcoin will be more and more expensive.
I think mining will not stop. And Bitcoin will be more and more expensive. Mining resources will be less and less, so Bitcoin will be more and more expensive.
to get coins there are many ways such as mining coins and coins earned usually more and faster for that we will worry if the coins reach the limit faster but I think it will not happen because the investment is not limited and mining will continue to be done as long as it is profitable
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I think as long as there is still a cryptocurrency that can be in mining, a miner will not run out of sources of income. maybe they will move the coin in the mining if the total supply of coins in the previous mine is up. and look for other crypto that still has a lot of supply
I agree with you. besides that, I think we have many option coin for mining so it will not stop for a long time. there will be many new coins that can be mining and the cryptocurrency technology will develop more algorithm in the future and the mining hardware will grow too. I am sure that in the future, the mining technology will change too like the cryptocurrency that still grow fast and change to the better technologies.
I think as long as there is still a cryptocurrency that can be in mining, a miner will not run out of sources of income. maybe they will move the coin in the mining if the total supply of coins in the previous mine is up. and look for other crypto that still has a lot of supply
This is a humorous question. Mining will never stop. How did you stop trading? Mining belongs only to big capitalists. You can rest assured that mining will not stop. Because computers need them.
Don't think mining will stop in the next few years.
First lets see what happens when eth switches to pos. if this happens someday
At the moment POW has some advantages over POS but this could change in the future.
Regarding btc mining:
> in 2032 the reward will be less than 1 btc
> in 2140 the reward will be 0 / miners will then only receive transaction fees
So NO bitcoin mining won't stop in the near future
First lets see what happens when eth switches to pos. if this happens someday
At the moment POW has some advantages over POS but this could change in the future.
Regarding btc mining:
> in 2032 the reward will be less than 1 btc
> in 2140 the reward will be 0 / miners will then only receive transaction fees
So NO bitcoin mining won't stop in the near future
Rather than stopping from one day to the next, it is likely to be a shift from retail miners to professional miners, which is unfortunate as this will create more centralzation
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