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October 09, 2025, 09:04:19 PM *
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Author Topic: What happens to Bitcoin miners after rewards end in 2140?  (Read 161 times)
hd49728
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Today at 12:28:55 PM
 #21

There is an expected announcement about upcoming upgrade of Bitcoin core version 30, it's going to allow people to send an arbitrary data into Bitcoin op_return script and with this, miners are going to be making money from the bytes included in this transactions, I think with such technology it is going to be a way for miners to make incentives instead of depending on block rewards that deplete with time, there is going to come a time when block reward will be less than cost of production even with pool mining.

It's also possible that fees will be another ways for them to keep the network going but a mix of this on the Bitcoin network is going to bring revenue and fees for miners to make money rather than depending on something that is going to get slash with time. If Bitcoin price becomes stagnant for a wile, it's going to be a challenge because nobody can tell where Bitcoin price will be in the future and the transaction fees are not that big despite the fact that onchain activity is not bad.
It can be good initiatives to expand utility of Bitcoin blockchain and bring more income to Bitcoin miners which are vital parts of Bitcoin blockchain and work. As a Proof of Work blockchain, without Bitcoin miners and their mining operations, Bitcoin blockchain will be less lively or even dead so if this initiative and other initiatives in the future work well for Bitcoin miners, there will be not such a question "What will happen after 2140 year when all 21 millions of bitcoins are all mined?"

So far, without this initiative, Bitcoin miners still have good income already but I think the intiative makes sense as Bitcoin developers must never stop their programming jobs for strengthen Bitcoin blockchain.

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Today at 12:47:16 PM
 #22

Main long term issue of Bitcoin is whether transaction fees will be enough to make network safe by 2140 when block reward will stop. Experts think answer is yes, as this change is in plan of Bitcoin. Smaller reward, higher price of Bitcoin (BTC) has to go up so that fees could be worth dollars to motivate miners. In addition, increased usage of Bitcoin will lead to increase in need of block space, which will make up fees. In case value of BTC becomes huge, high rates of payment to get that wealth will be enough. Thus, it is believed that Bitcoin will not have to change its main rules. Market will just change, and fees will be enough to make sure that network remains safest and most reliable in world.

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Today at 12:54:24 PM
 #23

^ Some will leave, some - take their empty places, and the network will be fine, in my opinion.

It always was that way and it will be done again by the year in question, we won't see it ourselves anyway Grin

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