Bitcoin Forum
May 25, 2024, 02:09:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: What happens when all the blocks are mined?  (Read 849 times)
satmas (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
October 29, 2016, 05:23:53 PM
 #1

Leading off from here: https://bitcointalk.org/index.php?topic=1465136.msg16706358#msg16706358, what would happen if all the blocks were mined? If that happened, how would we transfer our bitcoins from one wallet to another?
os2sam
Legendary
*
Offline Offline

Activity: 3578
Merit: 1090


Think for yourself


View Profile
October 29, 2016, 06:54:15 PM
 #2

There is no such thing as all blocks being mined.  When all block "rewards" are mined blocks will continue to be mined for the transaction fees alone.

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
Bitcoingiver
Full Member
***
Offline Offline

Activity: 126
Merit: 100

Get paid $500 to $1500+ per week


View Profile
October 29, 2016, 06:59:15 PM
 #3

This still draws me back from Bitcoin,  will all bocks be mined?

The best sports prediction app. King  Sports Tips. http://bit.ly/2TXg9JY
os2sam
Legendary
*
Offline Offline

Activity: 3578
Merit: 1090


Think for yourself


View Profile
October 29, 2016, 08:12:28 PM
 #4

This still draws me back from Bitcoin,  will all bocks be mined?

As I said above. No.

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
cpfreeplz
Legendary
*
Offline Offline

Activity: 966
Merit: 1042


View Profile
October 29, 2016, 08:31:20 PM
 #5

What the hell? Maybe watch a YouTube video or something that can dumb it down for you. You'll be long dead before the last block reward is awarded (if bitcoin still exists / hasn't hard forked for more/ less coins to be mined). Even then the miners will just be rewarded the fees for sending transactions so bitcoin will live on.

Now on the bottom left of your screen you'll see the lock button. Go ahead and hit that.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!