Topic: Will mining will ever stop ? - page 43. (Read 4836 times)
Mining has long term potential even if some of the coins stop proof of mining model you can always switch to other coins, so it will continue:
Sure, I think minning ever stop. I suggest that if any coins rising the minning always have been progress. Minning will be stop if the cryptocurrencies is dead 
In my own understanding, mining is important in crypto currency, it is basically solving mathematical problem in any transactions in crypro currency. It has always mining, because if there is a crypto currency, there is always miners.
i dont think too minning will stop. i think it is always contiune. because crypto companies earning good money beause of minning
I think mining will probably not stop because after hitting the maximum supply of a certain coin mining can divert to other coins and since a lot of new coins were introduce in the market mining will continue. The moment a coin reaches it's maximum supply the value of coin will go higher and higher as the demand continue to grow because the supply needs to be distributed equally in the market.
It will not stop but once all the bitcoins are mined, transaction fees will become the income of miners.
However, if let's say it will stop, transactions will also stop since confirmation is done by miners. That's basic.
However, if let's say it will stop, transactions will also stop since confirmation is done by miners. That's basic.
Mining can never stop being in existence. It will be here for a very long time because there are new coins coming into existence; they need to be mined and the already established coins also need to be produced more just like in the case of Gold. And moreover, no matter how high the value of Bitcoin or Ethereum can be, it will never surpass fiat money. Fiat money is accepted worldwide, bitcoin is not.
I also do not think that mining will ever end, because there are so many coins that in turn need miners in order for their transactions to move in the necessary way. Therefore, mining will not die, but shrink.
I think that this process will never stop until POW dies. After all, in order for everything to work it is necessary to make mining, and for this, of course, the miners are tedious, that's why I think that the mining will continue for a long time.
It seems to me that they can improve the blocks, make some kind of superstructure. Otherwise, the currency will only go up, it's not for nothing that bitcoin is compared to gold. Even called "digital gold". Because it has a limit. And what about eth - is it also finite? In any case, before this process is still far, the miners will have time to earn more. And if they still keep their coins, they can become even more expensive. Of course, we do not have the same conditions as the first miners. But we are still at the very beginning of the development of crypto currencies. It is necessary to use the moment!
I think the POS mechanism and the POW mechanism will eventually be unified, and the mining mechanism will be cancelled because there is no point in wasting resources.
Hello, the mining will never stop. It should not stop I guess, or all the transactions will not be confirmed. No transaction will be processed if the miners stops from mining.
As long as the power cost is less than the daily profit the miners will continue their work.
That means that when the mining difficulty increases the value of the coin should be increasing too.
The miners are also gaining money confirming the transactions. In the future, it is expected that the percentage of the fee gains will be increased. When the limit is reached the miners will continue to confirm the transactions and get money from there.
That means that when the mining difficulty increases the value of the coin should be increasing too.
The miners are also gaining money confirming the transactions. In the future, it is expected that the percentage of the fee gains will be increased. When the limit is reached the miners will continue to confirm the transactions and get money from there.
no i wont stop because there are a lot of bitcoin, ethereum or other currency that really need demand so they do mining so they can get bitcoin by mining the gpu
Well, mining won't stop for these fills the life of the Bitcoin currency. If there is no mining then there will be no bitcoins to trade. How is that? what will happen? Basically, the industry of bitcoin will soon be stopped or will fall down just for example, so let's not make mining stop, lets maintain it.
miners would not stop as long as they get profit from it. if all bitcoin are mined we would pay every transaction we do to miners and transaction fees would also be high.
But mining might be on the verge of some major change....
https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/
https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/
If a coin reaches its max supply, mining won't stop, miners will still earn from transaction fee to confirm the blocks. So don't worry
Mining will not stop even when all coins are mined without miners there is no transaction. Crypto mining may only end really when miners stop having an incentive to mine.
Miners will never stop, miners are used for transactions too you know, When bitcoin reaches it's max capacity, then miners will earn only on fees, not on mining... But when bitcoin reaches it's max capacity you will be probobly dead until 2140. The only probability is that miners will mostly be used on other currencyes, if there wouldn't be enough profit from transactions...
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