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Topic: Will mining will ever stop ? - page 39. (Read 4836 times)

member
Activity: 210
Merit: 12
January 22, 2018, 10:18:32 AM
I don't think so, there will always be another coin for people to mine.
member
Activity: 266
Merit: 12
January 22, 2018, 09:58:41 AM
I do not think that mining will ever stop. This is a difficult circuit of cryptocurrency
member
Activity: 127
Merit: 10
January 22, 2018, 09:55:15 AM
On my opinion, i think mining will not ever stop. Bitcoin is really hot now, unless if the bitcoin stop then the mining will stop too.
full member
Activity: 243
Merit: 100
January 22, 2018, 09:33:32 AM
In my opinion, in theory, mining must be over someday.
But anyway, it becomes an increasingly difficult and increasingly expensive business.
So I prefer to trade.
newbie
Activity: 31
Merit: 0
January 22, 2018, 09:28:44 AM
Mining will never stop it's a complex  thing that the number of sequence is beyond imaginable. Also the the cryptocurrencies happens to reach the limit the cycle of demand and supply will. The prices of crypt will going to cycle of up and down.
member
Activity: 126
Merit: 21
January 22, 2018, 09:21:39 AM
Mining will never stop. It is the proof of work the coin has, that is the reason also why coins are expensive because of the difficult algorithms that a computer / GPU processes. If ever all coins are mined computers are still used to complete a transaction in the blockchain, that is the reason if there is no coins to mine you are still paid through the transaction fees in the block chain.
member
Activity: 336
Merit: 10
January 22, 2018, 09:18:09 AM
No, mining is not stop able, it will be continue till the last coin produced, reason a miner gets transaction fee for every transaction and this is his profit without any new investment so why he stops mining, not only this, even mining can be increased in future also.
jr. member
Activity: 294
Merit: 3
January 22, 2018, 04:47:06 AM
I dont think mining will ever stop because there always be new coins dumping and pumping plus if it supposed to stop BTC would have vanished long ago
full member
Activity: 560
Merit: 100
January 22, 2018, 04:43:40 AM
I do not think that mining will ever stop, even when the last bitcoins are produced, POW will have to have miners in order to move transactions, so we need the miners, but of course it is not so great to exaggerate them. because they fulfill the role of transferring funds and that's all.
newbie
Activity: 140
Merit: 0
January 21, 2018, 06:44:53 AM
miners still will mine because transaction fees are going to miners and they process transactions , so dont worry , because now miners receive around 50 millions only from 1 coin and can earn much more in future.
member
Activity: 196
Merit: 12
January 21, 2018, 06:40:50 AM
I do not think you should worry about this. Maybe your grandchildren, but definitely not you. Wink Wink Wink
member
Activity: 462
Merit: 11
January 21, 2018, 06:28:00 AM
It will not because mining is the one that is responsible for the algorithms that is done during transactions of crypto. it is also responsible of making sure of the security of the transactions so as long as people are trading any kind of crypto currency then mining will not stop and it will just grow as demands in the crypto world grows.
sr. member
Activity: 308
Merit: 250
January 21, 2018, 06:21:35 AM
No it will never stop because there will be a incentive to it. And when all are mined the mining will be used to process transactions but by that time who knows what will happen to crypto.
jr. member
Activity: 252
Merit: 1
January 21, 2018, 06:12:33 AM
It will take 100+ years to mine all BTC and ETH and there will be another coins that will show and they will start to mine again and again. As long as their coin has a very good potential in the future or which will be useful in our daily lives it will repeat always.
hero member
Activity: 966
Merit: 500
January 17, 2018, 03:39:11 PM
I've seen similar questions, the possibility to stop mining is very small, there are some people who predict that it will end in the next few decades, but if that happens, maybe the miners will make some new breakthroughs, so the minng will keep going
member
Activity: 596
Merit: 10
January 17, 2018, 03:19:46 PM
The production of bitcoin should cease, because its limited number. But what about the remaining cryptocurrency, it is unlikely that production will stop, the extraction of one will end - the extraction of another will begin, and so on until it is actual.
NLO
member
Activity: 448
Merit: 10
MenaPay - Crypto made easier than cash
January 17, 2018, 02:43:38 PM
if bitcoin is all extracted, it does not mean that it will disappear from the crypto currency market, but only that it will become less valuable
full member
Activity: 319
Merit: 100
January 17, 2018, 02:19:14 PM
I think mining will never stopped ever if the crypto coin still around and if some coin at it's limit investor will invest in other crypto coin and may if some leading crypto coin going down investment will back to inves to the firs crypto coin
full member
Activity: 798
Merit: 103
January 17, 2018, 02:04:38 PM
It won't stop. Look at IXCoin, the first fork of Bitcoin. The mining is completed. I don't know if there is miners of this coin, but i suppose yes as the coin is still alive.
member
Activity: 322
Merit: 10
January 17, 2018, 02:01:50 PM
Mining will never stop and still ever remain as far as Internet remain. New coins are coming out every days and I think outside bitcoin and ethereum there are other coin that is doing very well. I have no interest in mining because I have little knowledge on how mining work.
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