Bitcoin Forum

what happen with bitcoin after not mineable?
miner will stop his mining activity ? then how to make bitcoin network strongest ?
and how about the price of bitcoin ?

The volume of bitcoin will be a limit and I think caused by that, bitcoin is can be a rare coin, that's will make the price of bitcoin is so high.

Assuming you're referring to what happens once all the 21m Bitcoin are effectively mined, what'll happen is we're going to see fees potentially go up to replace the block rewards, and the price of Bitcoin will more than likely work its way up along with the decrease in the amount of mineable Bitcoin as time wears on.

That's something like 100 years away though, if I remember the date correctly.

the fee of bitcoin transaction is very small. im not sure it's profitable.
if miner get profitable with "fee of bitcoin transaction" the seller and buyer will get loss in "higher fee" in bitcoin transaction  ???

I think bitcoin will be mine-able till 2023. So after that the mining will be stopped and miners those who have already bought expensive rigs, will move to a different coin to make us of that rigs.

But then bitcoin will become a very rare and expensive coin. We can see a manifold jump in price after the last mined coin. I believe there are many people who are earning and storing bitcoin for that d-day only. I am one of them.

Chances are the miners will opt to survive basically on the fees from users alone, and this can take multiple forms such as higher fees for a small amount of users or lower fees for a larger amount of users. Effectively this means that with current user counts we could see $1 fees for a transaction, or with a larger amount of users we could see fees around the same as we have now. It depends.

Don't know where you have 2033 from but it's complitly wrong.
The last bitcoin will be mined in around 2140, after that miners mine for the fees.

Well, we hope that the transactions will increase enough for the miners fee to be enough to cover the loss of the miners rewards. This can only work, if adoption grows and transactions increase relative to the miners rewards. These fees must still be enough for the miners to make a profit, and based on current estimates the break even point now between making a profit or making a loss, would be about $200 per Bitcoin. < very broad estimate, not applicable to everyone >

So there is a backup plan, but it is still unclear if the adoption will grow enough to generate enough miners fees to replace the block rewards in the furture. ^hmmmm^

whenever there is a talk about mining and the future, fees, price,. ... you should also factor in things like new equipment that are running more efficiently and have a higher power and maybe even consume less power!

for example ASIC miners didn't exist the beginning, or you can even consider computer advancement like how GPUs have become so much more powerful. so obviously in a couple of years in the future we are not going to be mining with the same equipment!

The number of miners will drop to the point that the fees can be divided profitably amongst the remaining miners. This could potentially make the network insecure. However if that were to happen then I'd expect large stakeholders of BTC would start mining for a small loss in order to help protect the integrity of the network.

bitcoin will never not mineable because mining is actually solving block to get some transaction confirmed and if this activity just being stopped,bitcoin will be doomed ( correct me if i'm wrong ),and also even there's 21M bitcoin limit just reached miners will get reward from the fees and it will be like a circulation

Then the users who used to mine have to stop mining at that moment because if will not make them a profit anymore so it does not make sense for them to keep mining. They then have to find a other way to keep making Bitcoin.
They just have to invest money in to and hold trade and save.

At this point it's not really possible to predict how things will play out after all Bitcoins have been mined, 100+ years is a long time. Most of us who are here right now will probably be dead by then anyways (except for those who choose the cyborg route). 100 years from now, it is well possible that mining equipment will be dirt cheap and extremely power efficient. People won't feel compelled to buy the biggest and baddest miners because there won't be any Bitcoins to mine anyways. So anyone could run a small miner at negligible costs, collect some small transaction fees and help the network in the process.

If all miners stop mining Bitcoin, probably Bitcoin is dead, there will be no way to invest, trade or buy Bitcoin.
We can't send Bitcoin to anyone or vice versa. But that situation may happen in far future if price of Bitcoin dropped low, else miners will be profitable to just receive mining fee as block reward.
The limit of Bitcoin circulation is what made Bitcoin price so high now, but that may lead to end of Bitcoin in future

If all miners stop mining Bitcoin, then i will start. and many other who think like i do. also what will happen is that because of only a few miners it will take longer to process the transactions. we all know what that means. people who want their transaction thru fast will pay more fees. so eventually everything will balance itself out. like always.

I think transaction will stopped and we can't send or receive bitcoin, because the miner is an important role in the Bitcoin Network.

I think it will never happen, but it's just that the miners did it only a small part. because of the nature of mining into the main Foundation in any transaction which is in bitcoin, so if the mining stopped then the bitcoin will not strong and finally experienced the devastation

The number of Bitcoins is limited, as far as I know, so after this number is achieved the mining will stop. But that doesn't mean that Bitcoin will be dead or that transactions will not be possible anymore like some here have said. But demand should bew very high by then so this could affect the price in great deal.

mining will continue.
the reward ends in the year ~2140,
giving over 120 years for the ratio of   reward:txfee   to flip where the txfee becomes the dominant income

its something we should not be pushing for today, as i said we have 120 years for a natural growth and slow flip of the ratio.
the fee's will eventually keep miners having a happy income

If no one cna mine bitcoin and bitcoin stop mining activity i think the price will increase because no one can earn bitcoin if that happens and it will remain on the trading sites that bitcoin will be more strongest currency ofcourse. and the price will be more expensive.

At the moment it does not make much sense anymore to be mining Bitcoin because you cannot really make a profit with them anymore.
It is better to buy them with your own money and save them for how long you want.

If miners stop mining, bitcoin system will collapse. The blockchain will be easily overridden by bad miners and can compromise the system, I think. To keep the miners, the fees will be adjusted or it will cost higher. And by that time, bitcoin will be very expensive so even a small fee will be enough to keep the miners profitable.

The people that will be affected the most are those that have mining rigs. The number of Bitcoins circulating will not increase anymore if this happens. And that means that we will be forced to use that amount of Bitcoin only. It will even decrease over time because there are Bitcoin holders that die in real life and unless their private keys or their blockchain account is passed on to another person, then that Bitcoin will be stuck in his wallet forever.

I don't know if it's a good thing that there wouldn't be an increase in the number of Bitcoin circulating but one thing is for sure, as more and more people are investing in Bitcoins, it would be more easier for the Bitcoin's price to increase. Because there are no new coins, the number of Bitcoins will only decrease and never increase again. Making it more and more scarce over time.

we can explain this matter through a example .
suppose in your country the making of new number of notes of currency is stopped to make . then what will happen !!! , the things which was of $1 then its price became less the one dollar .
so i mean the value of bitcoin will increase .

There is still a long way to go for reaching that point, so we should not think about these things now which makes us somehow worried that maybe bitcoin would become less popular then, but we should enjoy with bitcoins in present and future will show itself later.

People keep asking the same questions...

Bitcoin fees will raise, they are raising now, so after 100+ years, the fees will be bigger, so miners can earn money just with it and well, that's why I think the halvings don't will make the bitcoin price double every 4 years...

Not sure but if you are not able to mine anymore then you should just move on and find as other way to make more Bitcoin.
You can just buy them with your own money and hold on to them and wait for the Bitcoin to rise again.

Haha dude actually he says 2023 not 2033 its even more earlier. When I saw his comment it makes me laugh. Machine were extremely fast. Where did he got that 2023 that all bitcoin were mined? I dont know if he just comment it just to have a comment or he really doesnt know, or short on knowledge about bitcoin. He must be dead after the time that all btc were mined.

yeahh I think the same. If that happened, bitcoin would be so hard to get and earn and people would be crazy for bitcoin like some kinds of gold or jewellery and people who had an amount of bitcoin which is considered low now would become so rich as the price will rise dramatically.

- Bitcoin will have maximum supply and the only thing that can grow will be its marketcap
- There will be always some miners supporting bitcoin for transaction fees as price per bitcoin will be high so that fees can also pay back miner's cost
- As supply will be limited, whatever new investment come to market will directly cause price pump. So price may be 5x of the current one.

Mining will continue until Bitcoin exists. But for each halving, the transaction fee may increase so that people will deny to pay in Bitcoins which can result in death of Bitcoin. But lets hope that time is too far for now.

Many small miners may left mining and only few big giant miner remain in business as they have very low cost of operation as well as lots of resources to remain profitable even just with transaction fee associated with transactions.

i do not care that when will be the last coin be mine the question here op want to know is what will miners do after that so i think after mining all the blocks miners will switch to a memory pool where they will mine to verify the transactions and in exchange of it they will get the transaction fees and if that does not happen then also i think there is something waiting for us because satosi has definatly done something about it

If it Really Happens then the Bitcoin Supply Would be Lowered and Demand Increases then the Price of Bitcoin Increases and Also Then the Bitcoin Network Will Be Weaken And Bitcoin Transactions May Be Slower.....
But I Don't Think It will Happen in the Near Future......

When mining of bitcoin will stop then we we'll have 21 million bitcoin and that amount will keep circulating all over the world. All mining system will be shut down and some heavy system could be used for converting to web host for heavy could computing technology

If all mining system shut down than bitcoin transaction will not get confirmed so miners are important part of bitcoin ecosystem so even all bitcoin get mined they don't have to shut down as transaction fee associated with all the transactions will go towards miner so that they can still find mining profitable even without newly generated bitcoins.

when mining became stop to mine then every miner will stop to mine btc and this will results into the result of lack of btc in the online market so to recover the demand of btc in online markey the price of ntc will increase .

Don't panick, all was planned. Transaction fees will more than surely replace the block reward.

if bitcoin depleted mined, there are two possibilities for the miner. bitcoin prices should rise so high that miners keep doing mine. because if the price is lower, they will get a small amount and I think it will be a loss.
then after no miners, bitcoin transaction will not get a confirmation that will eventually stalled.

If its happens to bitcoin the price will surely increase if still more people use it surely it will happen the value and demand will increase.

If there isn't any miner mining then it means that the network will be shut down or on the idle mode, no transaction can be confirmed.

It has already been said enough times that transaction fees will replace the mining reward, so this isn't anything to worry about.
What I do worry about is hundreds of people on this forum not knowing how Bitcoin works.

 ;) Thanks for the explanation.But maybe,transaction fees will be increased during that time. The lower you pay for charges will be slower to confirmed and possibly it will take days.There will be a surge on charges as people wants to be confirmed fist.

Have you seen the block reward halving "schedule" ....??? theres a point where block rewards are much much MUCH smaller than fees are ... even now. So, eventually fees will become more of a reward then blockreward itself ... long before all the coins have been mined.

By then, if bitcoins price is anywhere near what people hope ... then fees alone will be more than profitable to mine. The opposite will be true and bitcoin will be long dead by then if price doesnt increase to meet the mining incentive at that point in time. The reason? Because if miners stop mining ... diff will go down substantially leaving much room for the network to be 51% attacked constantly, eventually leaving folks w/ lost trust in bitcoin itself.

It's like gold. When the mining becomes extremely expensive, we trade it. So, no one will get hurt, don't be apocaliptical about it. Let things flow and by trade or anything that's using the currency, things will be cool. Just let the system grow strong and natural.

I do not know for sure what happened. but what is clear is bitcoin increasingly rare because bitcoin user growth over time will increase. maybe the price can be very high and it is possible bitcoin prices fall.

If the bitcoin miners mined all the bitcoins, the price will surely go high and the fee also i think. Many miners will quit also because of the fee is low.

but dont worry its very long time to happen.

I think when that happens,the main source of revenue or good profit will be by the force of demand and supply, if demand is high than supply then the price will go very high and people who have bought and stored the bitcoin will be making very huge amount of money that can make them very big millionaires. This is the best time for any serious investor to buy and store bitcoin for future gains.

1. mining ends in 21XX but technically mining will still go on and miners will still be rewarded by their participation. How? Well, miners are the ones verifying transactions and will need to keep doing that, and as so they will keep the fees that every transaction has to pay. Miners will continue to secure and protect the network and in return, they will have the transaction fees distributed among them. I think this answers to your 2nd and 3rd question.

2. As for the price of Bitcoin... well that is another story. Nobody can say for sure what will be the price of bitcoin when mining ends in more than 100 years from now. No one even knows if bitcoin will still be here.

In fact... I seriously doubt that the human race will still roam the earth by that time...

If there is no miners then there is no bitcoin transaction confirmed, but if they will stop or not after a time this is another thing because there are other ways getting profit for them.

How can a Hero Member say that?
They will still earn money because of the fees and of course the fees will be more higher in the future, so it pays off the halving difference...

People didn't understand me, or I wasn't able to write exactly what I wanted to say, I know that they earn from the transaction fees but my concern was that if there is block mined means that the number unconfirmed transaction will become a mess.

Exactly, I got your point,dude. Because the miners are always confirming every transaction are running onto the blockchain, and a lot of the transaction of I think all of the transaction will not get a confirmatio

Why a lot of transactions will not be confirmed?
Well, nowadays if you put a very small fee, it will never be confirmed... In the future we will just need to put a higher fee, if the number of transactions increase, of course...

in fact the number of bitcoins are limited and a time will come when all the bitcoin will be mined and then the miners will stop mining, but bitcoin will still continue and survieve but the demand of bitocin will increase and this will really affect the price of bitcoin a lot.

Mining needs to be happen at everytime until bitcoin survives because bitcoin use to transfer via blocks. In that block every bitcoin use transfer with the help of miners. Who use hash/gpu with so much consumption of electricity.

In the future, we will need to increase the block size (Satoshi himself already proposed this) and there's no other viable option apart from increasing the transaction fees. If the block size doesn´t increase, the cost of transactions will become unbearable and then the bitcoin network will no longer be feasible

We all know that as soon as the mines ends the fees will be the way to keep the hash around bitcoin, soo its expected a lot of transactions and high value at bitcoin at those time because of that.

Yeah you are right with it and because that bitcoin is not going to be mineable it is going to make the price of bitcoin higher. Why? Because the supply is going to be limited and if it reaches 21 million for sure many people are going to crave to get a lot of bitcoins out of that demand that is going to make the price increase.

those are wild speculations and you can argue for both sides or even for more sides. the best part is, that you can do it for the next hundred years, if bitcoin is still around, and then find out who was right. and if bitcoin fails you can speculate even longer what could have been. all we can say know is, that the miners will mine not for new coins but for the mining fee.

Help me here please because somehow I do not get it:
I miner gets the fee when he is the first who confirms a transaction. Nobody else does.
A transaction is confirmed when it is written into a new block.
When all the blocks are mined, how should a new one be found? I don't see how transactions can be confirmed in that situation. And how would a miner could get any fees then?

Should we not too worried about your oppinion, before the mining bitcoin runs out, it may be the price of the bitcoin has reached 1 million dollars, and with only 5 btc already suffice our requirements to death and we can travel around the world, so let us collect as many bitcoin.

Miners can always mine blocks, even after the block reward becomes zero. The number of blocks that can be mined is not limited - what is limited is just the number of blocks with rewards.

Exactly; the protocol will be the same. A transaction is only confirmed when it is included in a block and verified by the network. Technically, mining will never end because it represents the network ability to verify and maintain the bitcoin blockchain database.

However, there is something that still puzzles me. For now, the protocol says that new coins are created, but who get's the fees? where are they going? I've always thought that the fees were gathered to represent the new coins issued? But am I right about this?

since bitcoin isnt energy efficient it wont survive. i give bitcoin another 2-5years
other coins like "burstcoin" are energy friendly so they will take the lead.

just my toughts

thanks for the clarification ,since there wont be any rewards after that will the miners keep on mining ,i really do not think they will keep on mining because of the space and electricity involved in the process,with a small group of miners by that time the transaction time increases right

Lol. Wow.... How do you actually function in the real world with that brain of yours ? So you saying abnks are mor energy efficienct ? Get an education bro.


None of is will be alive then so who cares ??
When all bitcoin are mined we will still have miners otherwise how will the transactions go through ? There will always be miners. Learn how bitcoin works before asking questions like this please.

I believe that when Bitcoin will not be mineable anymore (many years from now), the value of Bitcoin will still continue to be strong as long as the demand and interest is still there. While there will not be any new Bitcoins being put into the marketplace (the supply will be finished), the demand for people to purchase the coins will tell how long the cryptocurrency will last for. The only way that Bitcoin will fade is if people's interest in cryptocurrency fades and people move on to the next big thing.

Bitcoin will always be mineable. In case nobody keeps their interest in mining, I guess Bitcoin will come to an end. Mining is, in my opinion, the fundamental thing that keeps Bitcoin up. Mining requires buying new rigs every X months, which mean new investments. To have a constant profit, you need a higher Bitcoin price as the rigs will keep increasing in costs.

What will be interesting is how many miners keep their equipment mining BTC at this point and how many switch miners off/ to another coin,
and the effect it has on the network, confirmation times etc.
I'm not sure I've seen any information on the predicted effect this will have.

A lot of people thinks that having no miners will not put bitcoin to an end. It's actually the other way around. Bitcoin has been put to an end by 'something' that's why there's no more miners.

That's far away from today to be worried about. Just like the old saying, "We'll cross the bridge when we get there." People worry about things that will happen in the future most of the time. But to give you a heads-up, the confirmation time will be slow at that point and then go back to normal in the next difficulty adjustment period. When we're almost at that point, you'd see discussions about that topic in this place more often.

Just like people were almost spinning on their heads over millennium bug but it came and the sky did not fall. With bitcoin though, at the point that all bitcoin would have been mined, that would automatically make bitcoin a scares commodity and no one needs any telling, what happens when something valuable becomes scares.

The price of bitcoin when the mine process ends should be around  1500-3000 dollars i di believe, the hash its what makes bitcoin be safe soo in those time we should keep the hash with the fees from transactions.

During 7 years of Bitcoin and Cryptocurrency development there have been many algorithms and many programming languages were used. So I think that with the advent of new cryptographic algorithm will be developed a variety of ways to solve problems for each time.

One thing im sure of when the bitcoin block reward become zero, miners still have tx fees to mine.  So their effort wont be wasted.  I bet by that time, a tx fee can secure the profit and maintenance of every bitcoin miner in the world.  This means bitcoin price is really high. Anyway that will be far in the future so lets keep focus on the current events of bitcoin.

The day when bitcoin mining will end is not very far because already more than 15 million out of 21 million bitcoin is mined and hardly arou d 5 to 6 million bitcoins are left for minin. But when mining will end then we will have more competition in bitcoin world and we will have Satoshi as a unit for transaction.

First, it will be in a very long time. Second, the transaction fees will have replaced the block reward for a long time !

the supply and demand will not be balance and this can cause the price will be high than we can imagine. but it will not happen in 50 years from now, it need too long before we can see this happen or maybe we all already died before we see this happen.

i think the fee will be act like as bitcoin that ready to mine and we still can mining bitcoin but the reward to get one block is really small and its really need super hardware to mining bitcoin. geez i don't want to imagine what will happen with this situation, i prefer to enjoy what will happen today.

After 2023, once the bitcoin will be stopped from mining, then bitcoin will become more exclusive and rare coin, increasing its price to a higher level ever seen. Even as on date, only 1-2% of total bitcoin users are miners and not more because of the mining difficulty.

So the mining stop will push the price of bitcoin to an uncharted territory never seen before. However, I came to know that the bitcoin core committee is now thinking to increase the life of bitcoin so that it can be mined even after 2023, but not sure.

more than 15 million bitcoin is already mined and only about 5 million left out to be mined so, after bitcoin is fully mined no one could mine anymore bitcoin and all 21 million bitcoin will be circulating and price will rise up continuously. because no more bitcoin will be there and people will need more bitcoin day after day.

Well, if bitcoin stop mined, meaning the number of bitcoin will never grow again. it makes bitcoin will be something very step, maybe it would be good or bad. the price can only be dropped off and could only be climbed.

Probably we will have 21 million very shortly and after then we will have to circulate bitcoin and after then supply Erik stop foreve and its price could reach million $ per bitcoin. So hold up tight and get set ready for the sky rocketing price. Till then hold your bitcoin and earn lot for free.

Well, some say this will be the end. Others say the end may come even earlier, because mining stops being profitable. However, there are people who believe Bitcoin will grow in price enormously, because of the finite amount of them. And if that happens, we all will become very rich.

when the bitcoin mining is completed. I thought the price of bitcoin will increase. because bitcoin increasingly limited availability on the world market.

It would really take long time    for the  last  bitcoin to be mine and  i assume  it would   last even  for a  lifetime this means this  situation  might  be impossible to happen  on  our current state  but back to the  topic if  its not  mineable   as  long there are transactions  bitcoin ecosystem would   be still alive and with this   value  of bitcoin  would rise  for sure.

I don't think bitcoin will be becoming un-mine-able at all, The halving does guarantee that there will be a block reward for a very long period of time, The increase in the price of bitcoin should always maintain the overall value of BTC given as a reward block + the transaction fee.

You are right. There would be some reward all the time to miners who will find the block. Only bitcoins are limited not the blocks and its reward (even with zero new bitcoins).

After 21M bitcoins mined out, miners will receive only transaction fees as block reward. It may happen only after ~140 years, at that time by considering volume of transactions fees alone may sum up more than 50 bitcoins (the highest real block reward, excluding fees).

The last time i checked the transaction fees it had something like 20 bitcoins as fees, i do believe at 2120 there will be the end of bitcoin mining process, on those period we will enter into the famous demand and supply, and the price can fail and well grow a lot.

If no ones mines bitcoin after all of them mined, transactions won't be made. There will always people who mine bitcoin for transaction fees. If less people mine bitcoins after that phase, it is good for the remaining miners since they will get more fees. Sooner or later there will be an order again between the miners.

The only thing i am concerned with is that the fees will rise so much by that time and bitcoin won't have the appeal like it has now.

it will take some time until all bitcoins are mined, so if at that time bitcoin has not lost its appeal because of the fees or some other reason i do not see why it should happen then.

Its expected that this will really happens, i mean the end of mine, and then we will be paying the miners hash, that keep bitcoin security, with the fees, nowadays we spend 10-50k as fee at regular transactions, in the future we may have to spend atleast 200-400k satoshis and this will be with bitcoin worthing above 2000 dollars unit, otherwise some solution must come to keep bitcoin atractive.

we have a long time to figure this out and a lot will happen in this time. bitcoin might even not life that long, so there is no need to worry know. also there is no need to take a bigger fee if the price of bitcoin is rising.

but i think then people will not ready to sell bitcoin and the circulation will stop any more, and i think it is not in the favour of bitcoin therefore to me there must be so alternative solution for that, so that bitcoin can circulate in the market and must be available in the market any time.

Bitcoin can be mined up to 2140, which is some 124 years away. We don't need to bother about the scenario in 2140, as I don't think that Bitcoin will survive until then. I am not even sure that the human race will survive until 2140. For sure, none of us (the current users) are going to live up to 2140 (unless a miracle occurs in the medical field).  ;D

If bitcoins are not mineable, i think the supplies will become more limited, and if the 5 million bitcoins already mined, the price will definitely increase and bitcoins will become more indemand.

Why such thought about bitcoin mining? Because difficulty is higher and you aren't able to mine it at home? Bitcoin mining isn't for home miners from previous halving, it's for mining companies. As time goes, hardwares and softwares are improved, at first there was antminer s1, s2, s3, s5, s7 and now is better s9. If we would have s9 when we had s1, it would be greatest. And in future, there will be more improved mining hardwares which will be still profitable.

I don't think people will stop mining Bitcoin. There are companies that are willing to invest millions to keep a good hashrate on the network, by the fact that these companies have a lot to gain if Bitcoin remains stable and useful for many people.

Investments in mining operations will likely increase, especially when increases the number of companies accepting Bitcoin as a form of payment.

the end of the mining rewards is so so so so far away. maybe there are now companies that are willing to invest millions into bitcoin, but they are interested in a return of that money in a short period. with the growing hash rate you can only make short term plans. they want to profit as long as they can, but if bitcoin dies they will go somewhere else.

Bitcoin is just an experiment. Im quite sure there will be some other cryptos by that distant future. I would give bitcoins max 20 years.

Bitcoin price will rise becouse the supply is decrease or stop. Bitcoin can divided in 8 decimals so I think it will be fine. Miner still work for our bitcoin transactions. The developers can make bitcoin network strongest, I don't know much about this thing.

this was answered many times, it will just make bitcoin more valuable and miners will mine for fee only, thus fee will be more expensive at least the same value as the total daily supply of today, so miner can continue make their current profit

Whether that will be an advantage or not its going to happen when everything is fully mined then the forces of demand and supply will fall in obviously the price will go up but we should also consider the reaction of the users to it. If its now more expensive to get, then I see other alts coming up to fill space that Bitcoin will be creating due to its scarcity.

After all of the 21m coins are mined, the mining scene would still be ongoing to process all of the transactions going on in the network. Still, miners would take a cut, because theoretically by then the amount or price per bitcoin is high, and the transaction fees generated by the said transactions would still be high as well to cover for the costs of mining.

It will never happen. If bitcoin was mineable, people would not use Bitcoin anymore because what makes bitcoin different from other currencies is that Bitcoin can be created by computers and hardware. Nobody is willing to use a currency which is same as the Government FIAT which can be easily printed and controlled

Since more than 1 century is there to get mined all the bitcoin according to current rate and may be after 20 years there will be less as compared to current number of miners because profit is becoming very less.

Indeed and you get the exact point even bitcoin cant be already mined then for sure price of bitcoin will arise and miners will be still there always because they are the only ones could able to process transaction between bitcoin users and as you mentioned also when bitcoin price is high  then expected transaction fees would be high too. Its still on balance.

there will be just a small price change if the last bitcoin is mined. the halving before that event will be, other then the halvings now, so small that it will not make a difference. also i hope the fees will not go up, but as bitcoins will be more worth the fees will be more worth, so there is no need for an increase in fees.

And yet there are hundreds of thousand if not million is holding BTC and many of them are using it to buy stuff online and other encash them for local currency or vice versa.




Does this mean bitcoin transaction fee will be way higher than the processing fee of fiat currency? Then the belief of using it because of cheaper fee is just an illusion in the future.

It's a long long long time to the end of mining, our generation will be vanish in this world at that time.
When the time finally come, hopefully bitcoin still exist in circulation. I think bitcoin price should be... ??? ahh I don't know for sure, let's say $1 million per BTC1, even 0.0002 is big enough for miners due to high exchange rate of bitcoin.

if bitcoin is still alive in 20 years then it's staying alive permanently. it's not just software, it's money. people don't walk away from that. they work to improve it. all alts along with bitcoin are nothing but software. bitcoin is the one people have chosen to award value to.

Atleast this is what is being expected to happen when the process does ends, the fees replaces the blocks rewards, that will be reduced to 12,5 bitcoins at 2020, one question will be any other halving after 2020? And if there will be wich will be the reward for the new blocks, its something im curious to know, even being just speculation the time of the halvings.

https://en.bitcoin.it/wiki/Controlled_supply

it's all here. there'll still be block rewards halving every four years for over 120 years, but it falls away very rapidly relatively soon. we'll know whether mining's sustainable without a significant block reward long before 2140 or so.

At 2140, this is the year the last coin will be mined, I expect that there will be a mass adoption of bitcoin usage around the world. Bitcoin users will have growing demands for fast and reliable transactions in everyday life payments. So, miners will have profit from transaction fees.

I do not think this can happen. Bitcoin had been well thought and I think we will just wait for the nect hving and every time it'll only become harder and harder to mine, and we'll reach like under 1BTC per block and it will become likely impossible. Therefore, the price has to increase for miners to have profit.

This won't happen in our lifetime but we may see a point where the rewards will not be enough to cover increasin difficulty costs and miners will therefore already pre-empt what is likely to be fee hikes.

Hoarders will also slowly finally cave in to demand, assuming more is demanded and adoption continues to rise.

All this hinges on adoption. If there is no demand, then the coin will be abandoned slowly.

well I guess the price will rise as it will not be mineble any more.

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20 years? The estimated time for all bitcoins to be mined is around a century and you are saying that bitcoin might just stay for 20 years, i really don't agree with that, bitcoin is for sure an experiment but it is not an experiment to be vanished so soon, it will be with us for a really long time.

The same question i have in mind, but after learning people reviews i came to know that the value of bitcoin price is really high, after not mine able there will be a huge demand for bitcoin because of very low transaction fee. But now who are talking here may not live that many years how it is going to be in near future.

This is bound to happen because of limited stock, if there is no mining price will certainly keeps increasing even I predicted that within 1 year, can rise 300%.

More probably, when bitcoin is not mineable and bitcoin price is very high, the transaction fee will be  high, higher than any processing fee fiat money had.  Just imagine high high will the transaction fee be if  miner are  contented to mine transaction fee.  We may not see it today but just looking forward will make you think about it.  Unless there is really some tweak or adjustment in bitcoin transaction fee.

Its the simplest thing. It means that the price of Bitcoin will increase because the popularity would have increased more than what we have now, which means a lot of people will be involved which means it will not be enough and the forces of demand and supply will push the price up which might not be attainable. Also there will be the risk of losing the popularity as a result of the increase and other currency might fill the space.

Its the other way around.  When we say mining it is not creating more bitcoins but instead it is solving hash algorithms and placing it on a ledger on a blockchain so a transaction can occur. Without mining or staking, we are referring to bitcoin,  then the transactions on bitcoin activities will be very slow or possibly no more occurring transactions to take place since there will be no confirmations on the blockchain. This will mean without miners there will be no blockchain and transactions on bitcoin could not be safe anymore which may lead to investors leaving out bitcoin due to its poor security features.

if not mineable so price of bitcoin go down because users bitcoin affect for bitcoin price too
but i feel users bitcoin will not leave bitcoin , because bitcoin is their income

I think the price of bitcoin will be stable since bitcoin blocks is not mineable because of many people are mining bitcoin and the circulation of bitcoin was stop because there is no bitcoin can be mine maybe the price of bitcoin can be stable because we are still using bitcoin.. the value of bitcoin will be decrease if many investors are convert to fiat because they are just waiting for price increase of bitcoin we are relaying in demand and supply but we have no supply and our supply only is from exchange site..

Also the mineable thing goes until 2100+ , which means that we have about 80+ years to that , if everything goes right miners will get a higher fee of bitcoin which means they will keep mining not to mine bitcoin out but to get miners fee which will compansate the difference.

Once bitcoin becomes not mine able its price will rise very significantly and it will become a rare thing for someone to use bitcoin on the internet and than it will disappear 

The price may increase, in fact. When that time comes, Bitcoin will probably have a greater acceptance in the market, and a much larger number of users. But this depends on the stability of the network, that is, if developers manage to keep the network functional and able to scale without major problems, this will certainly make Bitcoin gain the confidence of users.

Interesting that people are worried about what happens to Bitcoin 100 years from now. Before we worry about that, let's see the next two block reward drops happen. If Bitcoin survives the next 8 years when the block reward is 3btc.

The end of 2013 beginning of 2014 Bitcoin was valued over $1,000 and the block reward was 25btc. That's over $25,000 to share between the miners per block. Most of the large farms started to form at this point. The per coin price has never returned to that value but let's assume it will return to $1,000 before the block reward hits 3btc. That means all the miners together will share $3,000. In order for Bitcoin to be as profitable to mine in seven years as it was in 2014 the per coin price plus transaction fees need to be more than $8,300 and that's with no inflation and no costs for replacing equipment.

If we make it past the next seven to eight years then 100 years will be easy.

Until this happen, there is a long time yet, a lot of years and decades, more than one century! All we can say about it is speculation, it's too much time to predict something about, it's like when movies try to portray the future. I believe the BTC price (if consolided as main currency) will go up, and a lot. We could negociate few satoshis worthing the equivalent to $1 dollar or a bit more.

If the BTC will be successful, that is what will happen. But maybe, another crypto-currency can take the place of BTC and become more important. Only time will tell.

If bitcoin is not mineable, I think Bitcoin will be worthless and people will not use Bitcoin anymore. This the main different between Bitcoin and FIAT. And, people definitely choose FIAT instead of Bitcoin if they can not mine Bitcoin anymore. Bitcoin price will drop to less than $1

That's not really true. It just means transaction fees need to be a lot higher or there needs to be a hell of a lot more people using Bitcoin daily.

Well when the reward achieve the 3 btc for each block btc should be worthing something like 1600- 22000 dollars, and just to note that at 2013 the price were something like 300-500 dollars being traded i do believe, someone had pumped bitcoin above the 1000 dollars, those period its a lesson to never forget at crypto world. But to take those into consideration to the miners makes no sense. Last year bitcoin were worthing 250-300 dollars, soo he block reward were 7000-9000 dollars, nowadays its worthing something like 9000 dollars.

That shouldn't happen if the block size will increase in the future because more transactions can be included in one block, and the fees may go down a bit. Anyways, if the fees will be very high, no one will be interested in transacting with Bitcoin any more, and its price will go down, together with the fees.

price of bitcoin ? price bitcoin be affected from bitcoin users .
i think if there is not use bitcoin so price bitcoin will down!

really smells like speculation everywhere.
just take a look to stellar or ripple , both is not mineable since first time invented.
but until now a lot of people still interested and using it , so don't worry about bitcoin too , noone know what will happens actually.

That will happen in a longer period from now but I believe whatever that price that time will not be affected negatively, bitcoin is slowly making a progress and that is because we trusted and patronize it, I believe when the supply is already intact we it will increase the price as the demand increases.

Correct,it will not affect bitcoins price negatively even though all coins are already mined or not mineable. As you mentioned progress will still continue and also its adoption which means if theres already a fixed amount of bitcoins then the demand arises then for sure the price will rise up eventually.

I believe that miners after some years will have only two options if they want their mining rigs are profitable. First option is mining alt coins because after some halves bitcoin will not give profit any more. If they mine other coins they can sell it in exchange markets. Second one is transaction fees and maybe will be raised to cover their functional costs.  

I don`t know who is going to confirm all the transactions after miners stop mining?

I`m not tech savvy and i don`t understand the blockchain completely. ;D

The bitcoin price can only increase after the  mining stops.