Will mining will ever stop ? - page 41.

Texacha

member

Activity: 480

Merit: 68

Quote from: niazzy on January 12, 2018, 07:42:53 PM

interesting thing wil happen when ETHEREUM will go PoS
many gpu`s are mining ETHEREUM, there will be too much free hashpower spreading

Yup, that day seem to be still far away 1year+ , but when it comes, it would be interesting to see. Probably in first few months most coins would be profitable to mine only for people with very low electricity cost.

xiaohang07

sr. member

Activity: 392

Merit: 253

Open and Transparent Science Powered By Blockchain

For bitcoin, it will never end. When all the bitcoin are mined, miners will solely mine transaction fees which could be huge if bitcoin can reach mainstream adoption.

Monodont

newbie

Activity: 52

Merit: 0

There will probably be new ways invented to secure transactions that don't rely on hardware or holding large quantities of the coin. Will such an alternative stop mining though? It would have to take the crypto world by storm.

shuja

newbie

Activity: 53

Merit: 0

If you have to knowledge and resources to mine any coin, one had rather choose to mine the coins than buy them. According to me, mining is a better way of making for money. So, mining won’t stop.
Reaching the coins limit is next to impossible, since people choose easier way of buying and selling coins. No one will keep hold of one coin forever.

niazzy

newbie

Activity: 172

Merit: 0

interesting thing wil happen when ETHEREUM will go PoS
many gpu`s are mining ETHEREUM, there will be too much free hashpower spreading

jhonjhon

full member

Activity: 1316

Merit: 126

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 !

If happens that they ave reaches the supply limit, of course they will go for another coins.
Actually mining still have to continue for the reason that, it only be the way to continue the life cryptocurrency. Since a lot of coins created, it is not possible to stop from their job.

13ex07

member

Activity: 322

Merit: 11

Thank you for +Merit

Quote from: FireShark89 on January 09, 2018, 06:49:23 AM

even if all Bitcoins have been mined, miners still need to keep running to confirm transactions. This time, their rewards will be entirely based on transaction fees instead of bitcoin from newly formed blocks.

I completely agree with it

Raist

full member

Activity: 490

Merit: 102

Quote from: Usui-Chan on January 12, 2018, 05:36:08 AM

Mining will not ever stop unless the use of cryptocurrencies stops, transactions in the crypto world are real because of these miners, without them, you would not have your bounty token or whatever you have that you gained from crypto. I do not claim perfect knowledge but we really need miners for our transactions, and that is why they are here.

Generally all this stuff is built on miners. Do not know how will it change during upcoming years but as everything in this world it will try to centrilize more and more. It can also happen that what was the bless for the crypto can become it's problem.

karmicpanther

newbie

Activity: 17

Merit: 1

As long as there is a profitable coin that has a proof of work, mining will never stop and it will continue for generation.

Eclipse2021

member

Activity: 209

Merit: 60

I think mining cannot stop for now or in the near future. As long as coins will exist the mining system will be here laso. And without miners , who is gonna confirm your transaction ? you see ...we need miners for crypto to work properly.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

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 !

1.Mining never stops because miners are important to confirm our transactions.If miners stopped then no transactions will occur and our transactions will be in pending forever.
2.If the coin reached maximum limit of it then miners will continue to run because we are paying the miners in the form of transacction fee.But don't worry the mining difficulty will change accodring to their blocks the last bitcoin will be mined in the year of 2140.

Trimegistus

legendary

Activity: 1564

Merit: 1027

Quote from: ngerok on January 12, 2018, 09:18:03 AM

I think if Bitcoin has reached the total supply and supply is up, then the price of Bitcoin will be destroyed and will not have value

Maybe, who knows? But we will all be dead by then... Cry

ngerok

sr. member

Activity: 602

Merit: 250

I think if Bitcoin has reached the total supply and supply is up, then the price of Bitcoin will be destroyed and will not have value

Thewel

member

Activity: 308

Merit: 10

I think the big possibility of mining will not stop, especially now that many have already turned to mining, and mining also there we can get more profit than we follow bounty.

Usui-Chan

full member

Activity: 224

Merit: 100

Mining will not ever stop unless the use of cryptocurrencies stops, transactions in the crypto world are real because of these miners, without them, you would not have your bounty token or whatever you have that you gained from crypto. I do not claim perfect knowledge but we really need miners for our transactions, and that is why they are here.

gestknpa

newbie

Activity: 56

Merit: 0

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 your second question is not necessary, because our Internet technology is also developing.

CTO@MyBitMine

sr. member

Activity: 796

Merit: 251

I think It wont stop for next two years or more. However mining probably will be less profitable then now. I believe in words of Vitalik Buterin, only two years and no more.

Julia1992

full member

Activity: 518

Merit: 102

I, too, believe that the crypto world will not collapse, it is just getting rooted, it seems to me that the future is behind the crypt...

Tuare aget

member

Activity: 210

Merit: 10

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 they will win much money because the price will increase so much when more demand coming the supply is constant.
The mining also will stop when it reach the maximum supply.

Butchick

full member

Activity: 392

Merit: 101

dApps Development Automation Platform

Anlot of people are beginning to engage in mining since they can profit more from it. As the months go by and as bitcoin and other crypto currencies become more and more popular, the number of people or groups engaging in mining increases and this activity will never stop. This activity will continue so long as there are still available bitcoins and altcoins waiting to be mined.

Topic: Will mining will ever stop ? - page 41. (Read 4836 times)