Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
21 mln coins it is something what has to be solved
Cost of transaction and mining can be solved by technology improvement
bitcoin sidechain can help a lot
I have been reading that Intel won patent what will make bitcoin mining less costly
So we will see
With current mining technology last coin will be mined around 2040
One more thing is hash rising costs
Cost of energy in China double in other countries cost of energy is also rising
That is not best news for btc