Topic: Will mining will ever stop ? - page 45. (Read 4836 times)
I think mining is old and takes too much energy, just like focile fuel it will soon be thing of the past. Alot of new coins are pre-mined or simply dont need any mining.
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 !
1 - for the big fish out there, mining will never stop, they got in early and now they are making great profits.
2 - miners will be paid with the fees paid by the people that make transactions
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. People will not stop mining cryptocurrencies unless none of them are profitable to mine anymore.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 !
2. Do you mean if the last coin has been mined? if that happens for example with Bitcoin, if the last Bitcoin have been mined, mining is will still continue but miners will now need to rely on transaction fees as there are no more block rewards that will be given to them, and the big question there is, is transaction fees on that time is enough for miners to make profit from mining Bitcoin? We still don't know. If not profitable anymore then it is more likely that most of that miners will switch to mine other cryptocurrency but it is too far to happen since the last Bitcoin will be mined approximately in year of 2140.
With out miners, there will be nothing to trade. Mining and internet are the heart and brain of crypto currency, those two are the basic needs of crypto to survive. If so happens that the limit is reached, you can still continue mining on other altcoins. New coins are coming out our way and miners can still continue digging us some coins.
It wouldnt. Unless bitcoin also stop.
Mining will never stop because it is the responsible for the ledger transactions and verification. Mining is the only way Bitcoin and Altcoins will maintain their network scalability and information accuracy.
There is no way mining to be stopped because Bitcoin network will be dead without miners.
There is no way mining to be stopped because Bitcoin network will be dead without miners.
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 !
Simple answers are:
1. No, mining is constantly adjusting activity.
2. I don't think we will be alive to see it. But miners will profit from fees instead of block reward.
I think no mining will never stop while cryptomoney is on top.Because its very profitable, when will be mined all coins still need to mine transactions!
Regards
Regards
Mining wont stop!!!
But change in the mining products,... probably.
But change in the mining products,... probably.
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.
it won't stop
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.
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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 think mining will never stop as long as there are any coins that could be mining and if the supply reaches the limits, then we can move to another coin that will give us a profit. I am sure that there are many coins that we can mine and the price for each coin will increase and if we are saving a lot of coin from mining, then I think our profit will be big. they will win the money if they can save their coins and only wait until the price increases high.
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 !
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