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Author Topic: Will mining pools exist after 2100?  (Read 487 times)
Amel
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July 21, 2020, 01:18:35 AM
 #41

On mining pools all miners get rewarded with the analogous CPU they have used.

I don't know exactly how many satoshis will be generated on every block after 2100 but I know they will be very few. Imagine splitting 1 satoshi. How? Will the bitcoin community create the nakamotos?

1 satoshi = 1000 nakamotos for example. Too dumb question, tho, since we can't know a damn thing about that era. Some say that life will end after 2100 due to loss of natural supplies.


Many will still mining to maintain the blockchain but your subject is too far away. There is still 80 years left for this to happen and the future will tell whether it will happen or not. Where many people do not believe in cryptocurrency. We definitely want Bitcoin to reach the top of popularity. I believe that mining pools will exist after 2100.
mezzaluna
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July 21, 2020, 07:56:02 AM
 #42

That actually depends if the Cryptocurrency Industry will flourish then it would be a great investment in mining. Nobody know what might happen in the incoming years and yes, thinking about splitting satoshis are very complex. We might even see some more advancement in the future so we can never know.

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bryant.coleman
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September 15, 2020, 06:47:56 AM
 #43

Everyone is ignoring the fact that mined output consist of two parts - 1. Block Reward and 2. Fee Reward

The block reward will decline everytime when the halving occurs. But the fee reward is likely to increase in the future, as the adoption and acceptability increases. I would assume that the mining pools would continue to flourish as the user base increases. Let's assume that the exchange rate of BTC would be $100,000 by 2100 (very conservative estimate). Then the fee reward per block would be in the range of $50-150K.
jpnl0005
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September 15, 2020, 01:28:46 PM
 #44

Times are changing and different event or occurrences happens we really can't say what will happen in 2100 that's quiet a long time the crypto world is evolving let's stick to what we have now and see what the future holds for us ..
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