Bitcoin Forum

Hello everyone, i'm new here please give me some guidance... :)

Some question :-

1. Do bitcoin will be exhausted?

2. Who's really satoshi nakomoto?

3. Mining will be profitable for future?

Welcome
ad 1. you mean how much coins there will be? 21 000 000 in circulation, no more, ever
ad 2. noone knows
ad 3. after all coins will be mined and no more blocks reward coins for miners, they will stilll mine for fees, that is concept, if it will be enough compensation for their efforst? we will see

1 yes 21000000
2 Nakamoto* nobody probably knows (or will tell to us)
3 Maybe yes but probably will be profitable for industrial miners and not for small users

no bitcoin will never exhausted, situshi is the founder of bitcoin, yes mining is profitable thing, you can get a lot of bitocin from mining.

bitcoin continue with fee as earning endless, satoshi is unknown, mining is always profitable otherwise network will be not secure

1. Bitcoins are not consumed. They will not be exhausted.
2. Nobody knows who Satoshi Nakamoto is (except Satoshi Nakamoto).
3. Mining will always be profitable for some and unprofitable for others.

1. Do bitcoin will be exhausted? I think bitcoin will not run it actually will increase over time
2. Who's really satoshi nakomoto? no one knows to this day. but I think satoshi is not an individual but a group
3. Mining will be profitable for future? I do not know about mining because I am not a miner. Maybe you can check here https://bitcointalk.org/index.php?board=14.0 (https://bitcointalk.org/index.php?board=14.0)

1. No
2. No one will ever know
3. Yes

1)  No never. It will not until this planet exist also will keep on growing.
2)  He is the creator of bitcoin. No one knows him yet !
3)  In my view, mining will be profitable with future prices always. Mine and hold. It means you need to pay from your pocket for mining. But your mined coins will compensate your expenses after some time.

1. If you talk about the supply, bitcoin supplies 21.000.000 coins, but it will not exhausted or gone from universe.

2. The creator of bitcoin is satoshi nakamoto, but it's unknown, as person or group. (My assume is group).

3. Depends on your equipment. Need a lot hash power, free electric bills and cool room. The difficult increased.

1. Yes

2.No one knows.

3.Yes it will be.

Don't you have to exclude the missing/destroyed bitCoin? I heard that's about 2.5 million gone.

I will only answer the number 3 because i don't what to say to your 1 and 2 question. I think mining will not be profitable in the future because this coming halving the mining difficulty will increase again and after 4 years from now the 3rd halving will happen again and also increase the mining difficulty so it will be hard to stay in positive profit on mining bitcoins.

1. Definitely. Bitcoin has a limited supply of itself which is one of the reasons why it is more desirable to use than conventional fiat.
2. Nobody knows, there are a lot of hoaxes around about who's the founder.
3. Not really, especially with the upcoming halving.

First of all, bitcoin has a limited supply so if you're talking about whether bitcoin will ever run out, then no, but there will be no block reward after a few hundred years. Instead all the revenues will be from tx fees.

Satoshi is unknown for now, and I don't think mining is going to be profitable.

Yes I think bitcoin will be exhausted

No one knows who he is

I think yes it will always be  profitable.

I think bitcoin has a limit so I think yes,

No one knows  him or her

You can use btc as a medium of payment

Yes btc has a limit

No one knows satoshi as of now

I dont think mining will be more profitable on the future

I think bitcoin will be exhausted

Satoshi is  the biggest unknown person in btc

Mining site will not profitable  on future for sure.

First of all there are total 21000000 bitcoins in circulation and for satoshi nakamato no one knows him till now and at last mining Is not profitable in future because when all the coins are mined there would be no mining reward for the miners....

it is not clear what OP means by exhausted so no you shouldn't exclude any of those coins because nobody knows how much is lost and 2.5 million is another speculation like many other numbers that they say for lost coins and none of them are 100% true.

You should not make the common mistake made by newbies and just ask question without doing some research first. Your questions have been asked and answered many times on this forum and on

other platforms too. You should start by watching this guys videos and work from there --> https://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw ... I watched them all and many...many

more.. Do not be lazy, do some more research.  ;)

I only can answer your question number 3, yes mining bitcoin from now will give you a profit in the future as like other one say and this what i do too. mine bitcoin from now and hope will get rich soon.

1. Supply?210000000

2. They he's the creator of bitcoin. But no one knows who's really is.

3. If your electricity is free then YES.

Another newbie question that might fit in here:
When will all bitcoins be mined?

at the time of bitcoin have been exhausted mined, the bitcoin market will be more crowded because there will be rotation of bitcoin prices.

is there a time frame for that? 20 years? 200 years?

1. Do bitcoin will be exhausted?

No Bitcoin is peer to peer currency and already defined in smallest unit as Satoshi on the honor of Satoshi Nakamoto. Its already defined that only 21 billion bitcoins will be generated and used for circulation.

2. Who's really satoshi nakomoto?

Its not just a person it was group who invented Bitcoins by programming and embedding blockchain with cryptography.

3. Mining will be profitable for future?

Off course. As time will go price of Bitcoins will rise exponentially which will be good for miner who verify transaction.

After consideration of halving it took year 2145 to go to 0 reward for mining. And its a very big time spend lot more thing will happen till 2145.
Already blockchain is becoming more and more popular and have been implemented for social network. As well as banks also in mood of testing blockchain features and future for better banking experience.

Blockchain can also be implemented in administration by government.

This is either a very unfunny trolling attempt, or a sad testament to this forum membership levels system's absurdity.

situshi, mining is very profitable... omg!

#1 is not entirely true. When people lose their private keys, which happens from time to time, Bitcoins are consumed.

Answer1:- Bitcoin Will never be exhausted because there are total 21000000 Coins in the Bitcoin network...
Answer2:- No one Knows the Satoshi Nakamato....
Answer3:- No bro Mining is Not profitable Now because if the halving....

It highly depends on your system and your energy prices. If you have access to cheap energy and suitable PCs for mining it might still be profitable. However if you have to buy all the equipment first it might take months for you to reach break even. And due to the halving this months you earn less and less bitcoins.

If mining is not profitable now, then why are so many people mining?

As of now never know who is satoshi nakamoto.. because many people are saying that they are satoshi nakamoto but the truth is not.. also for mining it will profitable if the price of bitcoin is high.. and i think in the future we will see more price increase for bitcoin that will fit in bitcoin mining profit..

Answer1:- Bitcoin never be exhausted for next time, because the stock is unlimited in the network
Answer2:- The created of Bitcoin
Answer3:- Mining still profitable because the price Bitcoin always increase

can i just if anyone can give red trust or it depends on your rank? Because I am seeing some of the high ranks are giving red trust to the people who are bad here in the forum. I hope I am going to learn a lot of things here in forum thanks for your help to us, newbies as we are asking you and you are answering respectively.

It Needs to be justified as it takes a while to actually Show up in your Profile. Otherwise you could just give everybody you don't like a negative trust without any real reason.

Answers respectively to numbers

1) No. Bitcoin has limited supply so there are no chance for exhaust.
2) Till date no one know Who is Satoshi Nakamoto. Is person or Community.
3) Yes But mining will be difficult day by day but when price will rise mining will be profitable.

You can give everybody you don't like a negative trust without any real reason.

If you give some positive or negative trust, then only you and people that see you with a positive trust rating will see a change in that person's trust rating. Nobody else will see a change.