Bitcoin Forum

I've been thinking of some possible scenarios that will happen when all Bitcoin is completely mined and miners will be depending on transaction fees of Bitcoin. I think that the price of Bitcoin will start to soar at that time without any manipulations because the demand will start to get high because miners will surely not sell their mined Bitcoin's at a lower price. At that time the circulating supply and total supply of Bitcoin is completed and there will be no more Bitcoin's created or produced. In my own point of view, this is some kind of another bullish event if we reached this point of time(when all BTC are mined).

What do you think? :D

we can barely predict what is going to happen in a year or 10 years from now. you are asking us to predict what will happen after about 90 years! that is simply impossible. not to mention that this topic has been discussed before many many times. example of the most recent duplicate topic: https://bitcointalk.org/index.php?topic=5128657.0

Let's say "let's cross the bridge when we get there". Very difficult to see what will happen, maybe the price will go to $1 million or go to 0. We even have difficulty predicting what's going to happen in the next year or so, what's more 10-20 years from now?

Yes it is a long way to go, we do not even know if we can see the time when all bitcoin are mined. We also do not know whether all bitcoin can be mined or not as there might be a chance that bitcoin is not even being used anymore before all are mined. Anything may happen in technology, who knows the future? No one obviously.

I disagree with your reasoning:

1. "demand will ... get high because miners will ... not sell"

That's a common misconception. Lack of supply does not create demand.

2. "miners will surely not sell their mined Bitcoin's at a lower price."

That's wishful thinking. People sell at a loss all the time. There is no reason to believe that miners won't. Miners must sell bitcoins to pay bills. They can't simply hold if they are losing money.

OP, I believe the "drama" will start after two halvings. There will be some "influencial" people from the community who will start a "campaign" for a hard fork to change the reward schedule, but without inflating the supply.

I will say it now, "I told you so". 8)

dont mind it because when the time that all bitcoin mined we are no longer existing, but that is true if the demand raise over the years the price might go to bullish one because the supply are too small to supply the demand that is why the price will go to the moon, the sad thing with it we were no longer experience it soon.

That's just one of those things that can happen when there is no bitcoin to mine, the price will no doubt increase But we should  focus on it as well, is it possible for investors to enjoy it? I mean If the price is so High how will it be for new Investor to invest on Uncertain Investment, The Up and Down price on the market let alone the bearish market today, Hopefully, our Dream will come true and it will grow and will not fall when there is no Bitcoin to mine.

There's already support for divding 1 BTC into smaller fractions in a hard fork. That's the end of it really, instead of mining new coins ending in the year 2140 (as things are now), mining will stop in the year 2200 or something like that

Why do you want to promote drama that doesn't even exist?

Hilarious. No one can predict the values of any cryptocurrency in this extremely volatile market where the values swing upwards and downwards for some reason(No reason sometimes) which is why you asking us to predict something like this is hilarious indeed.

Lets take things one step at a time op.

That is what most people believe or expect in the next 100 years or so, but I don't think it will be as easy as that, for by then newer and more efficient cash systems would have been developed, and bitcoin could have been overtaken by such currency systems--again, we don't know. Everything even 10 years or 5 years for now is uncertain, and with a lot of tensions going on in the major fronts of this world, I don't even think humanity would last long to see the last bitcoin being mined.

As of now we cannot find the right time by which the entire sum of bitcoin gets mined. Bitcoin is all about the supply to the demand, when there is very minimal number of bitcoin to be mined there will be increased demand. This will make even a single satoshi more valuable. We're not sure about the future market, but if the need for bitcoin keeps growing same as now there'll be assured growth in value of single satoshi.

Don't worry about mining. It doesn't matter how many bitcoin will be mined. Because in every bitcoin transactions that we have and every bitcoin that we use bitcoin will always have an income so don't be afraid that bitcoin will be die because of mining. It can affect the bitcoin price but is only a normal situation.

I heard other proposals of a hard fork to take Satoshi's Bitcoins, then distributing them to the miners. ::)

Plus who's promoting? I'm ridiculing. Unless it's a bug or something that threatens impending doom for Bitcoin, a hard fork will never get consensus.

It is really hard to predict what will be the outcome when all bitcoin has been mined but rest assured that it will go by what you think OP. We can do a lot of speculation but still, we can't predict it.

There is still many years until all BTC would be mined. For example, till that time someone can invent a new super miner with a huge, for the current moment, hashrate and low electricity consumption.
Miners always work on getting a better equipment and since GPU mining hashrate is constantly growing. For now nothing tells us that this trend should stop.

Yeah bud, I don't know why people are so concerned about a thing that is going to happen in the next generation. 90 years is so long that most of us won't even be alive until that time.
Despite that, the topic has been discussed so many times that if I filter the search results, I ll find pages full of threads related to supply being ended. I must say, people don't even want to use the search function before creating a new thread.

I still think very optimistic that when bitcoin is fully exploited in 2030, then the price of bitcoin will increase rapidly. Besides bitcoin technology has improved a lot, bitcoin is accepted most of the world, becoming a legitimate payment method. but that's just my optimistic thinking, nobody knows until 2030 bitcoin will become scarce or become worthless.

Your opinion propagates heightened demand and scarcity which culminates in the price of Bitcoin soaring. This is true. And I guess it could be for this reason that those who put the expected Bitcoin ATH at over $50,000, $150,000 are doing so. However, we don't know yet what year all this will be. No man is God to know the future. We can only speculate.

because LN is a separate network. and BITCOIN was changed to meet LN needs(not the other way round) the same group that instigated hardforks using consensus bypasses in 2017 to make bitcoin LN compatible. will do the same thing again to make the bitcoin units of account more appear to be the same as LN's pegged tokens. to attempt to hide that LN is pegged tokens

learn millisats

with 8 decimals the year 2140~ is the year mining rewards cant be divided. but adding 1000 subunits means that bitcoin can have many more 'bitcoin halving' events beyond 2140
eg 1000, 500,250,125 which is 4 extra NON-Rounded halvings which is 16 years of more units of account bing added to circulation

what you also have to realise is that at code/PROTOCOL level units of account are measured in satoshi's. so messing with the units of account do actually matter. once you look beyond the propaganda hype and buzzwords of human drama and the user interface and look at the code you will realise that the units of account changing from
~2,100,000,000,000,000
~2,100,000,000,000,000,000 matters

yes some people will buzzword it that its still going to be 21m 'bitcoins' . but the reality is a 'bitcoin' is a basket term for 100,000,000 satoshis
much like saying a banana pallet is 1000 banana's. and then saying there are only ever 100 pallets in a truck. yet by adding 10 banana's per pallet and still trying to say there are only 100 pallets, does not hide the fact that there are now 1000 extra banana's that can be shared around

I do not think we are very near , we can survive till the mining rewards are greater than .5 BTC , atleast more than a decade. Bitcoin already crossed 20 years of its existence till that time. If there is no volume then we do not have to bother anything but we need to work to scale the original network so that transaction volume and fess can make it up for it. This is not a new problem and Satoshi already commented on it.

The impact you mentioned is more likely to be the price that will occur to bitcoin when it is fully mined and this kind of assumption has been said by many people in this forum because they only think of the benefits that will be obtained if the price increase occurs.

I will see from a different perspective when Bitcoin has been fully mined. The impact that I will mention may not happen because this is only a thought in the person. maybe bitcoin will experience stuck in a few moments when it happens, and the developers or users will find a solution to preserve the bitcoin ecosystem so that it doesn't experience destruction.

Adoption of technology is one solution to maintain bitcoin and technology so that it does not stop. I am also curious about the scenario of what bitcoin developers will do when that happens.

hard forking bugs out of Bitcoin (not serious bugs though) do have some consensus, but it's unlikely to happen anytime for a while because of how unimportant they are. But that means there are hard forks that could get consensus.

It is hard to predict but we are living in a world that is full of predictions and speculations(crypto world). If you look from left to right you'll see analysts, experts, crypto enthusiasts, traders, and a lot more are predicting what will happen, so it is not a bad thing to predict based on our own point of views on what is going to happen next. :D

Anyone can disagree because we all have different points of view on things. ;) And you have a big point on what you are saying.

Thanks to the frequent halvings we'll not be alive when this will gonna happen.

Nobody knows what will happen then, but we shouldn't care too much anyway:)

My view is almost the same as yours, when bitcoin is not mined and supply has run out, the demand for the market will be higher while the supply is low and this will increase the price of bitcoin significantly. So from now on, I will buy to invest before that time arrives

I think I will leave this problem to the people who will be alive when this happens. It will happen in almost a century from now, and I do not think I will be alive by then. If this will scenario will put bitcoin in bullish, or bearish or dead, I am sure bitcoiners of that time will be able to handle it.

We are currently seeing an evolution of AI. Likely bitcoin will become part of the AI substructure around the globe. Gen 4 nuclear power will be everywhere, and the power will be basicaly free.
The  current unsustainable culture of materialitic greed will also change to something more spiritual and in harmony with nature, which would also fit with the truth honest accountability and immutability of bitcoin.
Bitcoin is definately going to be part of our future planet earth.

Well said, the market is completely on the demand to the supply availability. When the mining has run out the mined coins will be there into circulation, but continued adoption will keep them prioritized in getting bitcoin. This will surely create an increase in demand for the limited number of bitcoins in the market circulation.

I never thought about if bitcoin was completely mining because that will be too long to see what will happen and I don't know if we could still see that things happen or not. There will too many predictions or speculating or opinion from people, and we don't know which one will be true. But the scenario is bitcoin price will increase higher because the supply will be less than the demand.

Mining will go on until 2140 (i.e if there are no hard forks). But I am not sure about the second part. In case Bitcoin survives for another 125 years, then the users will make sure that the mining remains profitable. It can be done through several ways. But the most likely option is to increase the total supply by a small amount through a hard fork.

no it's not, that's the least likely option

The bitcoin system is desine that it will play a very two important role that is the investment role or the  currency role because there will never a time where the total bitcoin will be minded because it an inflationary tool.

Nice we have the same point of view. ;D But I don't think that we will be still alive when the time that all the Bitcoin's are completely mined because it will be around the year 2140 and I assume that everyone in this forum today will be dead at that time and our great-grandchildren will witness that day when all the Bitcoins are mined. ;D

Yeah, no one in this forum will be alive at that time to see that awesome event of Bitcoin and it will surely be a big history in the crypto world at that time.

I have thought that possibility also and think of the end result, if Bitcoin is completely mine. In my conclusion as ours, there will be a very high demand for the said Bitcoin and will not be obtainable by lower class individuals. Better still, this is the right time to secure some fraction of Bitcoin for the future.

To my opinion when all bitcoins are mined the market will change. Demand will rise and so the price. Maybe not at the very beginning but with time that is for sure.

2 things can happen if all bitcoins is completely mined,it is this two situation first is bitcoins price will began to stabalize and go higher in a slower phase since whales can hoard them and manipulate price,second is if the whales do hoard and eventually and totally manipulates the market which will more likely be a cause of death for bitcoin

For me the possible scenario would be the price would be more stable and would be really expensive.
The miners would only get profit from the transaction fee's and the cost for each transaction would surely be high .

All remaining bitcoin cannot be mined for even 100 years so what you are asking is beyond our concerns because for sure we will die first before then

And even if time comes all bitcoin will be on hands of miners there are already option for us because thats why alternative cryptocurrency was created to backed up

well, speculation can take you a long way...  ;D
It is a subject that has been debated many times and the fact is that things change so fast, especially around crypto, that when we reach next century who knows what the main cryptos will be, who knows if BTC will still be used... just look at 100 years back and look at tech evolution (and this is without crypto)...
anyway, some coins are now reaching that point... I think it is the point where one of the major differences to fiat will arise... and it will work or not... your scenarios of higher demand and less offer depend on one thing: useability... without it the coin will dissapear.
fiat system has survived only due to the possibility of endless money printing ... it will be a true test for crypto

Considering I, my children, and possibly my children's children will be dead before the last BTC is mined, I for one find it pointless to be speculating about it...  ::)

anyway we shouldn't care doesn't sound ok actually =) but that's the life

Since this will be in 2140 or so, it will be a completely different world. Perhaps bitcoin will no longer be the top crypto by then, or perhaps it will be forked with actual consensus. The world will be far more advanced than today, so I assume the civilization will make a much more informed decision than our elites make today about such matters. I assume bitcoin will be forked or will be overtaken by then, but this is just speculation.

I agree with the scenario you gave, and I believe this is the only scenario that can happen when Bitcoin reaches 21 million. When this happens, there will be investors who will start holding Bitcoin and buying, then the price of Bitcoin will increase as much as the experts had previously predicted.

According to today's computing power, it is estimated that the last BTC will be mined in 2140. which is 121 years from now.
I too thought about this question many times. Let's leave that question for generation of 2140, just enjoy the reward of BTC through mining.

The 21 million limit may not actually happen if enough people decide it isn't the right way to go.  If we get network consensus the inflation rate can be changed.  I do remain skeptical that network fees will be enough incentive for miners to continue.

Another thing is that it may be too far-fetched to think that Bitcoin may survive for that long. It has survived for 10 years.. and it may survive for another 10-15 years. But in due course of time, Bitcoin will be eventually replaced by a better technology. I don't think that Bitcoin will survive until 2140, when Bitcoin mining is supposed to stop.

It's like asking if all resources are already used. Well in that scenario we try to sustain whats left.
Same case would be done if we reach a point where its possible that all the Bitcoin would be mined.

Changes in the Bitcoin protocols could be done  to limit the mining rate or maybe the limit cap could be extended under special conditions.
Take note that if the limit cap is extended the value of bitcoin will decrease.

..I think only two things can possibly happen,it is either Bitcoin will going to have its peak and stable price or it will going to have no value at all..no value in such a way that no one will not going to patronize Bitcoin anymore for it is already mined and everyone will starting to dump and sell their Bitcoin holdings..contrary to that,when Bitcoin were already mined and it come to time that it will reach its peak and stable price,mass adoptation of Bitcoin will follow which will result to Bitcoin's first digital crypto currency that is use in many online and offline transactions like buying candies in the store,paying bills,etc..

In order for Bitcoin transaction fees to become lucrative enough to encourage mining, Bitcoin’s value is going to have to rise substantially. Luckily, certain traits are built right in to Bitcoin to ensure just that.

Every other fiat currency has an essentially unlimited supply, and governments love to increase their money supplies at will. The problem with increasing the money supply, however, is that the value of the individual currency unit, such as the dollar, decreases.

Of course that will happen, maybe the price will skyrocket very high. we know that when oil, gold, and other valuable things that have been mined will have a very high value and price, because it is increasingly scarce, not comparable to the existing demand

People were mining when Bitcoins were worth $1. A lucrative block reward is not necessary.

Times change bro. I don't think there would be anyone who's willing to mine btc at sub 100 usd. If that's the case then miners would most likely shift to mining eth or other alts that definitely would be more profitable than mining bitcoin. Profit expectations were raised way up after 2017.

well, you are correct about the point that it is not useful for us to speculate about it right now. though the question really matters. the answer for the question.

Nothing can be foreseen about the value of the wallet that no one can know in advance. Think by the present and pray for the good for the future, Bitcoin will be of high value if many people are known and the use, otherwise it can go in the opposite direction.

I just wanted to write something the same, but I did not wish to share sad thoughts with anybody here. As it has already happened, I will support you. People are egoists. They care about the current situation and about themselves only.

While it is true that the subsidy won't go to 0 for another 120 years, the effects of the halvings (if any) will show up much sooner.

• The subsidy will drop below 1 BTC per block in 14 years.
• Miners will start earning fractions of the final bitcoin in about 80 years.

I think the end of mining is a problem in itself.
And when all are dug out, the price has nothing to do with the other.
Price is taken from the market
Independent of mode

It might happen in dreams but not in reality  ;) If all Bitcoin get mined then miners will be completely dependent on the transaction fees and price drop very low or rise very high but all this is only kiddish imagination. ;D

What do you mean by that?

Did you really think that it will not happen that you can say that it will only happen or take place in a dream? No, it will happen, and no matter what you want to happen, it will still lead there. Bitcoin has a total supply and still millions are still not mined. But it is true that if that happens, miners will really depend on the transactions.

This kind of topic discussed many times but again I can answer it very well. When all bitcoin supply already mined the value of it will increase because people will need it. In short, the demand for bitcoin will increase along with the value of it though it will be very impossible right now because bitcoin has a lot of supply.

Too early to predict the consequences because we still have 100 more years to mine the last bitcoin depend on the difficulty level of blocks,yes at the time miners only depends on the transaction fee but it won't be high interms of satoshi because the value of bitcoin will be too high from now if bitcoin still being used at the time.

Yes it will be on 2140 by that time and I will be dead when that year comes, so I must say it would not be my problem anymore if all bitcoins will be mined. But just to explain it you further what will gonna happen. This explains it.

"Originally, 50 bitcoins were earned as a reward for mining a block. Then it dropped 25 bitcoins, and then to 12.5 bitcoins. In 2020, it'll drop to 6.25 bitcoins. So if we do the math, if there is a having event every four years, the last Bitcoin should be mined sometime in the year 2140."

Read more here (https://cryptocoinmastery.com/what-happens-when-all-bitcoins-have-been-mined/)
to clear your mind.

There is many possibilities scenario that will happen to bitcoin if all bitcoin is completely mined but the fact is that still prediction only, and we don't know what will happen in the future. Maybe we are being died, and we cannot see what will happen to bitcoin. I don't think too far, but I think that the bitcoin price can increase so high and bitcoin could be used for one currency for all countries.

Whats stopping altcoins from taking a larger share of the crypto market?  If miners deem the btc rewards to be too low they will switch to other coins and leave btc vulnerable.  Altcoins can serve the same functions as bitcoin but have lower fees and do a better job of scaling.

..many possible scenarios that could happen when Bitcoins were already mine..and let us ready ourselves on the effect of it when it happens..but as of now,let us just enjoy what Bitcoin really gives us..don't worry for the future for it will give you confusion and negative thought..what matters most is that Bitcoin really gives us a big help in achieving what we hope for..just continue supporting and believing bitcoin so that it will surpass all its stumblingblocks in its following journies..

The price of bitcoin will soar very high as miners and holders will begin to hold the bitcoin in their possession. I would have say that bitcoin transaction will increase to encourage miners, but the lightening network will make things cheaper. The bitcoin final mining is still way far for the last block. Which is year 2140. Altogether as the bitcoin price increases greatly, the miners fee will be valuable too, and mining will still be profitable, although block rewards would have stopped, but adoption will be huge leading to huge volumes of transactions per day as against what we currently have now.

mining will solely rely to the transactions. its either miners will start to look for other coins to mine or they will all just take chance to keep mining for the fees. since the price of btc will also be higher than what we currently have today, i'm sure its worth it unless everyone is holding their coins as BTC gets rarer every day. rare coins aren't going to be traded well which means less fees for the miners.