Topic: Will mining will ever stop ? - page 6. (Read 4836 times)
Wee, I this that as long as new coins will appear and the old ones will be able to manage new user requirements, the mining will be alive. This is also one of the best ways to earn extra crypto
of course mining will stop if the coin has been mined and it is called the term halving, according to the prediction with the best mining speed currently Bitcoin will experience halving in 2024, and if there is halving then the price of Bitcoin will soar up to 100k usd, it's because of the scarcity of Bitcoin and investors who see the potential of Bitcoin. this is economic law
I think that mining will not end. I mean if a coin has run out in the mine, then there are other coins that will be mined, like that onwards. If you look at bitcoin, it still takes a long time to mine all of it. And I think in the future it's still very good. I am not an expert in mining, but that is what I think in my mind. That's just my opinion about your thread.
Mining and mining will not stop for a very long time. We live at the beginning of the historical age of digital money. Pro us will write our great-great-grandchildren composing in school. That people lived in 2018 and they mined bitcoin and participated in bounty hunting.
In fact, I do not believe that in the future mining will ever stop. Of course, it is possible in the distant future of a situation when some coins will be fully collected. But in general, mining has excellent prospects for further development. After all, with the constant improvement of blockchain technology, new coins will appear for work.
If the price grows it there will be profitable occupation. If the price falls further this business is doomed to a failure. Everything is solved by the price.
I think mining will stop one day. I believe the amount of currencies will stop rising and only the best will survive. While developing those currencies will adopt new technologies that more likely will exclude mining.
Today, the crypto market offers various ways to generate revenue for various participants. Including mining becomes an effective option. Of course, there can be some doubt about the situation when all the coins will reach their limit. But I'm sure that this situation will not happen.
I think mining will never stop. and if we are thinking about bitcoins total supply 21m. that is really hard to reach to the last bitcoin. 19.999.999. because the difficulty is increasing day by day. i saw something like 2160 or like that for the end date of btc mining. but after that mining will continue for transactions i think. and btc's value still continue to increase.
If mining would be stopped then who can process our transaction ? Crypto wont work without miners but mining should be stopped if they are doing illegal works like stealing electricity from the public because mining is known to be costy when it comes to electric consumption .
it can also cause harm to the environment if someone is running a huge mining farm because they will probably cut trees to accumulate more space . the smoke and noise that came out from the hardware miners can also causw damage to our ecosystem .
If you think I still will remain. but maybe there will be a reduction in the rewards. because it could be followers of mining is also more and more. Moreover, now joined in the forum for bounty is also increasingly difficult.
I am absolutely sure that mining in the future will never exactly cease to exist, will develop and remain stable in the future. Crypto technologies today are very useful for the society and will develop. Therefore, mining will remain in demand for work.
In my opinion, mining will definitely end one day. And we don't need to stop until all bitcoins mined to end mining. There are other methods like Proof of Stake (PoS), and they are environmental and useful. Soon all coins will be a PoS coin.
Mining can't stop because the blockchain always need miners and more processing powers for transaction which to my knowledge is done by miners computers.
Yes, mining is always been a part for a blockchain system it serves as a processor for every blockchain transaction and there are more miners that are keep on mining to earn a coin and I think the more miners on the crypto world then transaction will be fast and at ease.
Mining can't stop because the blockchain always need miners and more processing powers for transaction which to my knowledge is done by miners computers.
Yes, mining is always been a part for a blockchain system it serves as a processor for every blockchain transaction and there are more miners that are keep on mining to earn a coin and I think the more miners on the crypto world then transaction will be fast and at ease.
Crypto mining will end only when the miners cease to have an incentive to mine. This will happen as long as there are coins. When the coin reaches its limit, something new will appear.
Mining can't stop , because it is the way how crypto network works and stays secure . But there are many different consensus protocols , which are vital for any cryptocurrency , not only traditional proof-of-work , which allow people to utilize their hardware to mine some cryptocurrency . For example : proof-of-stake allows users to mine cryptocurrency too , but it do not require any special hardware to do it . Only software wallet and some amount of cryptocurrency is required to become a miner , so I think mining will never stop , it only change a form .
Mining can't stop because the blockchain always need miners and more processing powers for transaction which to my knowledge is done by miners computers.
The difficulties are always being adjusted, but projects like ours are offering alternative uses for the equipment. Infrastructure as a service is a working business model, we are here to make it better, check us out if you're interested! https://www.titanautonomous.com/
Mining will not be stopped as constantly it will be necessary to serve and transfer transactions of people. Someone these is obliged to be engaged constantly.
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