Topic: Will mining will ever stop ? - page 37. (Read 4836 times)
The process is built so that mining never stops and the last coin is never earned; but the question itself is very interesting. When hundreds of years pass - what will really happen? Will be there any forks, 2.0 coins or just another coins? That's an open question in my opinion. But discussing it is interesting.
in the near future the production will not end, the miners will earn on transactions, but in itself the essence of the crypto currency must always be modernized and we do not know what will happen in a year
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 !
I highly doubt anyone can stop mining. There are industries built around the concept of mining. But, to answer your questions
1. Never!
2. Miners will be paid directly with the fees.
Apparently, mining will stop for bitcoin once 21,000,000 are mined. Then, only existing BTC will trade? Plenty of other cryptos.
yeah! and the price will so high! by the way when it happens? anybody Knows? 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 !
I highly doubt anyone can stop mining. There are industries built around the concept of mining. But, to answer your questions
1. Never!
2. Miners will be paid directly with the fees.
According to some scientists, in 125 years the last bitcoin will be produced. Therefore I'm not worried about the fact that mining may stop. I certainly will not live so long to see this. Up to that time everything can change.
Relatively speaking, the mining will end when the last 21 000 000th coin is issued. This is the limit set by the program code, which is embedded in the crypto currency. Approximately this will happen in 2140.
For 8 years of the existence of the coin, the number of people involved in mining is growing. And the trend does not reduce its turnover. Accordingly, it is impossible to speak objectively about when the bitcoins will be mined. According to current data, this day will not come soon, but the crypto-currency environment is changeable - maybe in a month there will be some incredible event that will simply kill prey.
For 8 years of the existence of the coin, the number of people involved in mining is growing. And the trend does not reduce its turnover. Accordingly, it is impossible to speak objectively about when the bitcoins will be mined. According to current data, this day will not come soon, but the crypto-currency environment is changeable - maybe in a month there will be some incredible event that will simply kill prey.
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 cryptocurrency is circulating the market. There are different coins out there which we can be mined through transferring transaction and because of that mining will never stop because it was very profitable since the value of bitcoins is very high.
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.
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 !
To Answer:
1. I don't think mining will stop. Why? I believe that this process will continue to evolve over the years.
2. I think in this phase, they may still gain value. If say, like gold, we've maxed out the BTC limit, it will show limited supply which will cause in increase in its value.
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 !
The 21 million bitcoin token was already mined. though there will still miners and try to mine bitcoin.
what are they mining if 21 million supplies was mined? miners are getting those transfer fee of bitcoin from wallet to wallet.
yes, only that! that's why mining bitcoin is getting lower and lower. though we cant take out those miners, once they are gone the transaction of bitcoin will be a big drama problem for everyone as miner keeps us alive and better transaction is their service.
Mining is used to verify transactions. If mining stops verifying stops and coin system won't work.
That is how it's work. ...
That is how it's work. ...
It's just mining become more difficult and less efficient so it's impossible to happen if mining activity will stop in the future.
If we see current market, mining activity become more fierce that means cryptocurrency still on high demand for all people around the world
It won't! Some alts do not have limit, so you can mine them forever. Others having limited amount will end, but not very soon. Additionally, new alts get produced regularly, so mining has come to stay "for a while"! 
I don’t think so since the concept of mining in cryptocurrency is very vital. Many investor get touch with it so it’s hard to tell when it will stop.
Coin mining becomes the choice of people who have a lot of money to earn a lot of coins in quick time and I do not think it will end up as profitable
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 !
There are 21 Million coins and Bitcoin Miners can mine up to the year 2140 for the last coin. Unless there is no adjustment will be made to Bitcoin it will mark the end of Bitcoin mining. The miners are part of our block-chain technology and once the miners stop using their mining grid and their computers it will also stop sending nodes to the decentralized system. Now, miners will ask for a transaction fee for each transaction that uses Bitcoin for them to have a living.
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 !
I dont believe that mining will stop because new coins are coming. And I believe that they will create super computers for mining. We will see many big companies will do that. But if new coins change the algorithms (they change even right now such as DPOS algorithm) we can see different forms.
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 !
Try to study how the block chain algorithm works and you will know how bitcoins is being produced. Mining will never stop as long as there is market and the production will never stop as long as there is transactions going on in the cryptocurrency world, its just a chain reaction and it will absolutely never stop.
Apparently, mining will stop for bitcoin once 21,000,000 are mined. Then, only existing BTC will trade? Plenty of other cryptos.
We have plenty and tons of altcoins to mine and trade besides bitcoin. If in case something happens to bitcoin, ETH, Zcash and etc can be mined. I do see my friend trading 5 crypto currencies in Nicehash including bitcoin and ETH. He is getting a good turn over in everymonth besides teh elctricity bill. Few more surcharges occre now and then. So we have very many good coins to mine even if something happens to bitcoin.
Will mining stop? I think it will be less popular then now because of creating and prosperity of Proof-of-Stake technology. But at the same time it threatens the fact that cryptocurrency will be less centralised this way. So I think that the most productive will be technology that includes both of ways.
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