Will mining will ever stop ? - page 36.

MGmahesh

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 !

yes, mining will stop in time, that is, if there is nothing else to be mined. and that I do not think the time can be determined because this mining treasure is so mysterious, people can freely take it. so I am convinced that this mine will not be completed in the near future, maybe before the coin runs out, the miners are dead first.
regarding the achievement of the deadline for crypto money I think it can not be determined specifically.

max6575

full member

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Vave.com

as developer of token gives with different switches on hash generation for the manage of new blockchain, the use of helps from the miner gives of reference on how to follows as the spares on excess as might to split to gives as exchange on substitute for works on appropriation.

LeroyBro

jr. member

Activity: 168

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I think most people will stop mining and be replaced by government/company sectors, for example, with much better tech and budget to mine more consistently. I think Russia wanted to get into mining, which is actually a really horrible idea for everyone else I think and hope it doesn't happen.

OCDawgsExB

newbie

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Quote from: FrueGreads on January 09, 2018, 08:13:19 AM

I think most people think that miners do just that: "mining coins". But the thing is that their role in the network of a coin is much bigger than that. Their role is to keep the network secure, and by keeping the network secure I mean, processing the transactions and making sure they are all valid. They get the coins and the fees as a reward for doing just that. So "mining" will never stop, because if it stopped then tx were not processed and verified. They will eventually stop receiving the reward when the coin limit is reached, but they will still receive the fees for making the transactions, and that should still be a good incentive. Don't know how things will be when the lightning network gets deployed, since fees would be minimal. But I guess that we would get huge adoption when the LN arrives, so even minimal fees would be very profitable for miners.

Thank you so much for sharing your knowledge to us. Another topic on crypto world that is new to me and I can also share to my friends. Just keep it up it really help us newbie here in forums and crypto world. Godspeed.

seaqrioy

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Quote from: MoneyCrafter on January 25, 2018, 01:33:03 PM

Mining will continue till the time Bitcoin exist and BTC has an excellent future. Mining will not stop and it will just grow as demands in the crypto world grows.

That future will become an industry? With more demand for the birth and development of the miner industry?

sourish

full member

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Once all the bitcoins have been mined, transaction fees will be the sole source of income for miners. Whether they will be enough to keep miners financially afloat is a moot point. One way to keep it from stopping is by evolving mining technology.

narukami

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Adoption Blockchain e-Commerce to World

It can stop if thier are no demand on the mining on the specific mining because if their are no demand there are no buyer will buy your mines but same as the bitcoin as long as they are demand the mining will still be continue

jamiebear

newbie

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I don't think mining will ever stop, thus if that happens the entire bitcoin system might actually collapse. In the case where it reaches its limit, in order to maintain operation, these miners will rely on transaction fees.

OCDawgsExB

newbie

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Merit: 0

In my own opinion mining will never stop because there are always new coins are coming. BTC have 4 million coins that are remaing and I think all of that remaining BTC will be mined after 100 years. From time to time the difficulty to mine the BTC are increasing.

Viecoin

hero member

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Never. Equipment and electricity cost I believe are a big part of what sets the price for non-pos coins. I imagine that there may be some revisions, but with things like how coincidentally the hashpower of a gpu is reflective of its RETAIL price while utilizing an algo like Equihash, the essence of POW is here to stay.

dsaijz03

full member

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I think no, since mining serves as the balance of the altcoins and bitcoins network because mining can help the network and information accuracy.

Davinus

full member

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Quote from: Vik_the_Carpentner on January 09, 2018, 06:45:14 AM

I don't believe we'll see the days when mining will stop. The crypto currency will fade away much earlier than this thing would happened.

Yes piece of shit stop spamming this thread, bitcoin mining will end after 2100, and ETHEREUM mining will end once that the system goes from PoW to PoS, stop spamming this thread piece of dumbass, you do not even look at the title before posting

xiaohang07

sr. member

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Open and Transparent Science Powered By Blockchain

The traditional proof of work mining will probably stop in future due to efficiency issues. However, the proof of stake "mining" will take over to secure the blockchains without generating waste heat by burning valuable electricity. In this sense, the traditional BTC will probably be dethroned by either a BTC fork or other advanced altcoins. Paradigm is shifting and mining will stop in future.

Suskunadam

hero member

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Mining must go on to make sure transactions can still be carried out, but the rewards for the miners might become very low as it will only come from the transaction fees.

Ging

sr. member

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as far as my knowledge can provide the end of mining of bitcoin is stil far may be ten or twent years from now but when that will happen my friend think btc will be even a lot more expensive i think it will reach one million dolllars because it will be a rare thing.

jekzy

newbie

Activity: 84

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What do you mean mining will ever stop? Your bitcoin mining will stop only if you invested in site that can stand only in 20-30 days.there's a legit mining site like hashflare,minergate.

rejosh

sr. member

Activity: 322

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Mining will be stops soon once the bitcoins are fully mined. The future is for the pow or pos projects.

MrSpasybo

member

Activity: 378

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Mining can be stopped if all countries around the world forbids crypto / ICO / blockchain. But the government & banking system will use Blockchain technology and operate it with a server system to replace the VISA system. If that happens, spontaneous mining will be destroyed.

balrog

member

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Bitcoin mining will continue , even when the last btc will be mined . In this case miners will support a functioning of blockchain and will be rewarded for this with a higher % from transaction fees.

kevinfox18

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 can never stop because its responsible for ledger transactions and verifications. Mining is the only way BTC and Altcoins can all maintain their network scalability, and also maintain information accuracy. So there is no way at all for mining to stop because Bitcoin network will certainly be dead without miners.

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