|
Title: what happened to bitcoin after mining of 21 million Post by: Ambucrypto369 on July 01, 2019, 06:28:29 PM 1.what happened to bitcoin after mining of 21 million
2. how miners get profit 3. what will be the price of bitcoin at that time Title: Re: what happened to bitcoin after mining of 21 million Post by: OgNasty on July 01, 2019, 06:29:02 PM Transaction fees.
Title: Re: what happened to bitcoin after mining of 21 million Post by: CounterEntropy on July 01, 2019, 06:47:14 PM 1.what happened to bitcoin after mining of 21 million New bitcoin mining subsidy was supposed to be in supply after 21m bitcoin were mined. But, a soft fork has been scheduled to add no more extra bitcoin. Details - https://github.com/bitcoin/bips/blob/master/bip-0042.mediawiki.2. how miners get profit Transaction fees, as already mentioned by OgNasty.3. what will be the price of bitcoin at that time No one knows. We are taking about year 2140 here. None of us will most likely be around.Title: Re: what happened to bitcoin after mining of 21 million Post by: LeGaulois on July 01, 2019, 07:23:08 PM Oh snap! It has been asked so many times already. Another topic that will be filled with parrots. If everyone could use the Search feature...
What happens after 21 Million mined BTC? https://bitcointalk.org/index.php?topic=2065266.0 What Happens to Bitcoin After All 21 Million are Mined? https://bitcointalk.org/index.php?topic=1957719.0 What happend 2140 all BTC are mined https://bitcointalk.org/index.php?topic=3482911.0 What Happens to Bitcoin After All 21 Million are Mined? https://bitcointalk.org/index.php?topic=2449387.0 What will happen if all 21 Million BTC are mined? https://bitcointalk.org/index.php?topic=2337656.msg23788872#msg23788872 What is going to happen when we reach the 21 Million BTC supply limit? https://bitcointalk.org/index.php?topic=2362246.msg24089406 What will happen after the last bitcoine is mined? https://bitcointalk.org/index.php?topic=4642403.msg41956987: Anybody know what happens when Bitcoin hits 21M circulating supply? https://bitcointalk.org/index.php?topic=3197625.40 Quote No one knows. We are taking about year 2140 here. None of us will most likely be around. Considering the old current machine, but in 5-10-15 years machines will be more powerful so 2140 could come sooner as you think Personally, I won't be alive anymore, so no big deal for me. Title: Re: what happened to bitcoin after mining of 21 million Post by: bitmover on July 01, 2019, 07:24:38 PM New bitcoin mining subsidy was supposed to be in supply after 21m bitcoin were mined. But, a soft fork has been scheduled to add no more extra bitcoin. There is no need to think about a soft fork now, as it will happen only in 2140... And Satoshi itself proposed that the incentive (miners coinbase reward) would be over one day. If bitcoin survive until 2140, there will be a lot of transactions in a block, and fees will be enough for the miners. Title: Re: what happened to bitcoin after mining of 21 million Post by: olamidey on July 01, 2019, 08:33:38 PM Man, I've seen many threads on this bitcoin 21million supply. Presently, we should be around 19million and it will increase slowly. Miners are still getting their fees. All good. On reaching total supply, that's when the price of bitcoin will now skyrocket and get higher than ever imagined. Of course, forks will come out here and there but bitcoins will still.be at the top.
Title: Re: what happened to bitcoin after mining of 21 million Post by: Vaskiy on July 01, 2019, 11:30:03 PM 1.what happened to bitcoin after mining of 21 million After the entire sum of bitcoin gets mined, there will a hard demand for bitcoin as anymore can't be produced. Miners are always the key person for the bitcoin network, the transaction fee of every transaction goes to them.2. how miners get profit 3. what will be the price of bitcoin at that time It'll be purely based on the demand, if there is high demand we can see the price to be in the peak. However the market will be volatile forever. |