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Title: What happens to BTC price when it's no longer mine-able? Post by: triss on October 30, 2017, 05:34:26 AM PC's are no longer able to profitably mine BTC so people have stopped doing it. What happens Antminers and the 'like' can no longer mine. I know that there might be some new device being built that will be able to mine it, hower it seems that the hashing power needed is rising faster than the technology needed to solve it is becoming available.
Title: Re: What happens to BTC price when it's no longer mine-able? Post by: jossiel on October 30, 2017, 06:32:53 AM PC's are no longer able to profitably mine BTC so people have stopped doing it. Personal computer? Time will come that it will not be profitable but we don't have to think about it at this moment because bitcoin is still mineable. What happens Antminers and the 'like' can no longer mine. Manufacturers will just build another hardware just for mining bitcoin. I know that there might be some new device being built that will be able to mine it, hower it seems that the hashing power needed is rising faster than the technology needed to solve it is becoming available. Then they will just upgrade the current hardware as technology is rising too, so there's nothing impossible now. Title: Re: What happens to BTC price when it's no longer mine-able? Post by: dmitriisavelevich on October 30, 2017, 06:46:57 AM PC's are no longer able to profitably mine BTC so people have stopped doing it. What happens Antminers and the 'like' can no longer mine. I know that there might be some new device being built that will be able to mine it, hower it seems that the hashing power needed is rising faster than the technology needed to solve it is becoming available. While production is not profitable due to a small share of the remaining bitcoin. But the technology always does not stand still, if it continues to develop then the technologies will be improved, but for now everyone is happy with it.Title: Re: What happens to BTC price when it's no longer mine-able? Post by: ahoenk on October 30, 2017, 07:30:47 AM Technologies will always can solve the problem. And also when the difficulty is so high and people very hard to mined it it is a positive sign that bitcoin price will spike. Supply demand law is works here. Maybe also there is a little bubble but the bubble is not big. Manufacture will create the chip to mine it. It always like that.
Title: Re: What happens to BTC price when it's no longer mine-able? Post by: amacar2 on October 30, 2017, 08:03:22 AM Mining hardware are cheaper than what it used to be which will continue to get cheaper in future as well as bitcoin price is increasing everyday which will make bitcoin mining profitable in future too. If some miners will left in between than difficulty of mining will also lower down making bitcoin mining again profitable for the remaining miners. And when there will be zero reward per block miners can still remain profitable with transactions fees alone.
Title: Re: What happens to BTC price when it's no longer mine-able? Post by: nuskill on October 30, 2017, 08:22:31 AM I believe as soon it stops being mineable it will be still a lot of demand but a lot less sellers. So the price should rise in the first time.
Then it absolutely depends on the market...if it goes insanely high or just drops to nothing. Too many big players in already to predict. Title: Re: What happens to BTC price when it's no longer mine-able? Post by: A1exander on October 30, 2017, 08:27:38 AM I know that there might be some new device being built that will be able to mine it, hower it seems that the hashing power needed is rising faster than the technology needed to solve it is becoming available. That's impossible. The mining difficulty is automatically adjusted to the available hashing power. It cannot rise faster than the actual performance. |