Will mining will ever stop ? - page 34.

abel1337

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Quote from: rhyoanime on May 09, 2018, 12:22:04 PM

maybe it will not happen, because the more into the future of cryptocurrency technology will be growing rapidly.

Bitcoin has a supply around 21 million and the remaining supply to be mined is 20% of it. It means 80% of bitcoin is mined by the miners and if the total supply is mined I dont think there's no way we cant generate a transaction with out finishing having a block.

PoS can be an option to survive bitcoin.

hualangktsld841

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Miners can maintain the network. Miners are a very important part of the encrypted community. As long as bitcoin still exists, mining will not stop. With the greater value of the larger bit currency developed in the community, the output of bitcoin will require greater power mining.

dvlgwarv

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As long as the encrypted world is still there, mining will never stop, because the excavation of every project is more difficult.

ngantongan8

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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.

p i e c e

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Quote from: ajiejot on January 30, 2018, 05:22:15 AM

Good question. For me, it will never stop because if it will stop no more people or miner will process our transaction, there are many transactions ever second. Blockhain is evolving everyday, you cannot stop mining because if it will happen, no more transaction will be processed.

Here I will agree with you. If the mining is stopped it means that the cryptocurrency will be stopped as well. Yes, Ripple will survive, centralized currency. I think mining will last for a LONG time.

Trimegistus

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Quote from: Jay Jay crypto on May 09, 2018, 12:17:22 PM

I don't think mining will never stop as long as there are any coins that could be mining and if the supply reaches the limits, then we can move to another coin that will give us a profit.

Mining has nothing to do with profit!

In a PoW network, mining is mandatory for block generation and transaction verification.

But things are changing and PoS is gaining momentum.

Therefore, PoW might be doomed.

rhyoanime

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maybe it will not happen, because the more into the future of cryptocurrency technology will be growing rapidly.

Jay Jay crypto

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I don't think mining will never stop as long as there are any coins that could be mining and if the supply reaches the limits, then we can move to another coin that will give us a profit.

JeromeL

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CurioInvest [IEO Live]

Never minig does not stop, otherwise all the crypto industry will become. Even if all coins are mined, the minigan will continue to be paid to the commission holders.

JeromeL

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With the termination of production, circulation of coins will cease. Who will count the blocks for conducting transactions? Nobody will take it for free.

olsyd

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Quote

1 - will mining will ever stop Huh?

For each cryptocurrency concretely - yes, because each cryptocurrency or almost each has the limit. In common as the field of activity - no, because miners process transactions and makes cryptocurrency decentralized.

Quote

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 ?

I think the price on these cryptocurrencies will soar to space.

DevilDevil

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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 think mining is old and takes too much energy, just like focile fuel it will soon be thing of the past. Alot of new coins are pre-mined or simply dont need any mining.

npolie

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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.

Raven91

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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 think mining will not stop. Maybe it will slow down a little bit but it will never stop. Until there is investment and it is in demand it will continue and as long as government wont lay there hands in mining, it wont stop. Its very reliable in terms of transactions and others.

tricky boy

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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 believe that mining will never stop...Because it's not a technology to go down...Mining should be private and will not be replaced by government...Mining will not be stopped because the Bitcoin network will die without miners.If the technology is to be shut down then all mining will be closed...Transaction must be stopped before mining is to be stopped...Everyone knows that do not stop the transaction now....

Acguy

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Mining will keep going as long as there's interest even if it's not profitable to mine.
Maybe something better comes along to replace crypto in the future.

wolf one

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Mining will never stop and mining will continue as long as there is demand unless Bitcoin and other cryptocurrencies die.

ajiejot

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Good question. For me, it will never stop because if it will stop no more people or miner will process our transaction, there are many transactions ever second. Blockhain is evolving everyday, you cannot stop mining because if it will happen, no more transaction will be processed.

buhna

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It seems to me that mining may end for political reasons. If the state starts to regulate this sphere of activity, this will complicate the situation.

Trimegistus

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Quote from: lautantepi on January 30, 2018, 04:35:47 AM

Mining will never stop because it is responsible for transactions and verification. Mining is the only way Bitcoin and Altcoin will maintain their network scalability and information accuracy. Mining will not be stopped because the Bitcoin network will die without miners.

You are putting together BTC and altcoins but that is extremely inaccurate because BTC is PoW mining and many altcoins are PoS minting.

You are right in the sense that there must always be a consensus mechanism to validate transactions and create blocks, but it doesn't have to be via PoW mining.

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