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Title: What happens when all the blocks are mined? Post by: satmas on October 29, 2016, 05:23:53 PM Leading off from here: https://bitcointalk.org/index.php?topic=1465136.msg16706358#msg16706358, what would happen if all the blocks were mined? If that happened, how would we transfer our bitcoins from one wallet to another?
Title: Re: What happens when all the blocks are mined? Post by: os2sam on October 29, 2016, 06:54:15 PM There is no such thing as all blocks being mined. When all block "rewards" are mined blocks will continue to be mined for the transaction fees alone.
Title: Re: What happens when all the blocks are mined? Post by: Bitcoingiver on October 29, 2016, 06:59:15 PM This still draws me back from Bitcoin, will all bocks be mined?
Title: Re: What happens when all the blocks are mined? Post by: os2sam on October 29, 2016, 08:12:28 PM This still draws me back from Bitcoin, will all bocks be mined? As I said above. No. Title: Re: What happens when all the blocks are mined? Post by: cpfreeplz on October 29, 2016, 08:31:20 PM What the hell? Maybe watch a YouTube video or something that can dumb it down for you. You'll be long dead before the last block reward is awarded (if bitcoin still exists / hasn't hard forked for more/ less coins to be mined). Even then the miners will just be rewarded the fees for sending transactions so bitcoin will live on.
Now on the bottom left of your screen you'll see the lock button. Go ahead and hit that. |