Bitcoin Forum

Other => Beginners & Help => Topic started by: janaka29 on December 02, 2017, 06:48:06 PM



Title: What is the long haul get ready for the different crypto's records once all coin
Post by: janaka29 on December 02, 2017, 06:48:06 PM
When all Bitcoin or Ethereum are mined, what is the motivating force for anybody to keep checking records/exchanges? In the event that I comprehend the procedure accurately, mineworkers are the main thrust that influence exchanges to process and keep up the money and legitimacy of the record. They get paid in new coinage, so how does the procedure proceed long haul once the sum total of what coins have been mined?


Title: Re: What is the long haul get ready for the different crypto's records once all coin
Post by: stelee68 on December 03, 2017, 08:05:40 AM
hi,

from what I have gathered so far, after all the BTC had been mined, the miners will be hardware facilitator.

Meaning, the crypto transactions has to be process somewhere right? Thats what the miners will be.

Hope this helps.


Title: Re: What is the long haul get ready for the different crypto's records once all coin
Post by: odolvlobo on December 03, 2017, 08:56:39 AM
The block reward consists of transaction fees plus the subsidy. The subsidy halves approximately every fours and at some point in the future (maybe 10 years), the transaction fees will exceed the subsidy. Eventually the subsidy will go to 0 and miners will be paid only fees.