All Bitcoins are mined in 2140?

[lapnhan]

Miners have mined 90% of the world's Bitcoin in the past 12 years. It is expected that the remaining Bitcoin source will be fully mined in 2140.

According to Russian channel RT, the first Bitcoin digital currency was mined in January 2009. Data from BTC.com shows that, between January 9, 2009 and December 13, 2021, 18.89 million Bitcoins were mined, or 90% of the supply.

Bitcoin miners currently receive 6.25 BTC for every block they mine. Hashrate (hash rate - a unit of measurement of the difficulty of mining) is increasing day by day. It is estimated that by 2024, they will only receive about 3.125 BTC per blockchain.

Blockchain.com reports that the remaining Bitcoin source is expected to take 100 years to be fully mined, most likely February 2140. This thing for Bitcoin was well-only for a small people on the global world.

The scarcity of this cryptocurrency is more evident when the majority of Bitcoin is in the hands of large institutions. However, these institutions have no intention of selling in the short term as the rarity of this cryptocurrency is increasing day by day.

The price of Bitcoin has reflected the growing supply of the digital currency over the past 12 years. Bitcoin was trading at less than 0.1 USD when 10% of the supply of this digital currency circulated in the open market in early 2010. However, Bitcoin increased to 7.5 USD when 50% of Bitcoin was mined. mining in December 2012. It is known that as of 10h6 on December 13, Bitcoin is trading at $ 48,746, down 28% from the peak of $ 69,000 reached in early 2021.

Even if all 21 million Bitcoins are mined, the network will still exist, experts say. Bitcoin miners currently have 2 sources of income: traditional block rewards and transaction fees. When there are no new Bitcoins born, the block reward goes to 0, they can still make a profit by collecting validation fees on the network.

Besides, according to calculations, it will take 119 years for the community to mine all 21 million Bitcoins. This is a very long time, no one can be sure until then cryptocurrencies in general and Bitcoin in particular will still exist or not. In addition, quantum computers and supercomputers that countries are pursuing can threaten the safety and security of the Bitcoin network. There is still a long way to go when it comes to the technology story of 2140.

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The above is my general information. I was a new person. Is there anything I hope you can help me with, thank you very much.

And you, what do you think? Will the crypto market disappear or collapse when all the Bitcoins are mined?  

[bitmover]

And you, what do you think? Will the crypto market disappear or collapse when all the Bitcoins are mined?  

Ofc it won't disappear just because all bitcoins will already have been mined

By 2140, if bitcoin still exists,  there will be many second layer solutions and on chain transactions will be expensive and as many enough to pay what miners need. Miners will be reqard just with transaction fees.

Today the reward is just 6.25 btc which is almost 1/10 of what is it was originally (50 btc) and hashrate is still growing day by day.

[jackg]

Block rewards will also probably start to go the other way and seem a lot smaller than the fee reward before they are completely phased out.

If scalability improves too, with price, then I think it's possible we'll see fees remaining quite low but being high enough per block to pay miners adequately.

The miners are also able to control the network quite a bit in some ways so they'll probably find a way to maintain their profitibility. I've mentioned mining lotteries before with the idea of putting individual chips into routers (or plugging them into them) to solo mine for people too - that'd also produce a stable network and be much more decentralised.

[SFR10]

Hashrate (hash rate - a unit of measurement of the difficulty of mining) is increasing day by day.

For the most part, that's right but it's worth noting that, that's not always the case... Certain situations could also lead to the other way around!

This thing for Bitcoin was well-only for a small people on the global world.

I'm not sure if I understood this part correctly! Would you mind paraphrasing it?

This is a very long time, no one can be sure until then cryptocurrencies in general and Bitcoin in particular will still exist or not.

The same thing applies to us and a lot of other things...

Will the crypto market disappear or collapse when all the Bitcoins are mined?  

If you're referring to the other cryptocurrencies, then I think the next generation is still going to deal with those shitcoins in the future ^{[unfortunately]}!

[NeuroticFish]

And you, what do you think? Will the crypto market disappear or collapse when all the Bitcoins are mined?  

In theory the price will have to get high enough to allow the mining fees suffice the miners.
In reality, if that won't happen, miners will (slowly, over the years) give up because it won't be profitable enough. But that will make the difficulty drop, hence increase the profitability for the ones remaining.
I can guess though that many things will change in more than 100 years. For example, I wound not be surprised if banks or governments will get into mining by then, and not for profit from mining, instead to keep Bitcoin running.

This thing for Bitcoin was well-only for a small people on the global world.

It's a well documented fact. But most people don't care to research/read about Bitcoin...

[stompix]

Oh no, all the coins are going to be mined in 2140...I'm really scared!
In other news, I also heard that the sun is going to die in 5 billion years not 8, wonder what are we going to do about it!
Going to have to speak with the family and come up with a plan for both!

Bitcoin miners currently receive 6.25 BTC for every block they mine. Hashrate (hash rate - a unit of measurement of the difficulty of mining) is increasing day by day. It is estimated that by 2024, they will only receive about 3.125 BTC per blockchain.

The hash rate doesn't matter, it can increase or decrease from now on, the reward is still going to be halved.
Once we reach block  840,000 the reward will be half of the current one and after 210 000 more blocks again a halving, the hashrate can only influence a bit the time, making the delay between blacks longer or shorter each 2016 block period.

This thing for Bitcoin was well-only for a small people on the global world.

I'm not sure if I understood this part correctly! Would you mind paraphrasing it?

This was known only by a few poeple in the world...probably!
I think this text went either through a double translation or a text spinner as a lot of things don't make sense:

The scarcity of this cryptocurrency is more evident when the majority of Bitcoin is in the hands of large institutions. However, these institutions have no intention of selling in the short term as the rarity of this cryptocurrency is increasing day by day.
The price of Bitcoin has reflected the growing supply of the digital currency over the past 12 years.

Scarcity, then growing supply being reflected in growing price??? Nope!

[avikz]

And you, what do you think? Will the crypto market disappear or collapse when all the Bitcoins are mined?  

No way! Bitcoin is still the most dominant cryptocurrency in the market. But when all bitcoins are mined, the crypto market is not going to die. There are several cryptocurrencies available in the market with different use cases and huge popularity. In the course of time, several more cryptocurrencies will become popular and survive the test of time. So crypto market is not going to die for sure!

But what I foresee that the transaction volume is going to decrease once all bitcoins are mined. The miners who have invested huge amount of money into bitcoin mining rigs, will have to survive on transaction fees which will push the fees to the highest level. So bitcoin will remain as an investment only rather than a currency. But it will remain as the dominant player in the market. While other cryptos like BNB, ETH etc. Will be used for transactions.

[cryptoaddictchie]

And you, what do you think? Will the crypto market disappear or collapse when all the Bitcoins are mined?  

It will be like nothing happened at all. Im sure cryptocurrency will stay as it is. Even all bitcoin are mined there will be ways people to het involved on crypto. Its not only to bitcoin the marketcap of crypto depending but to all though its a fact that bitcoin ia the leader among them all. I think 2140 is already long for me anfd not sure if even Im still alive during that time anyway.

[lovesmayfamilis]

The above is my general information. I was a new person. Is there anything I hope you can help me with, thank you very much.

OP, keep in mind that by writing this post, you claim to be unique. I don't see any source from where you got this information.
At the same time, after looking for matches, I understand that you are using a paraphrase of the text, again passing it off as your "creativity"
I won't tell the moderators this time, but I'll set an example for everyone to see how well you've used paraphrasing.
In the future, this post may be rated as plagiarism.
Don't forget to add links to valid sources.


https://www.rt.com/business/543038-bitcoin-90-percent-mined/

[aysg76]

And you, what do you think? Will the crypto market disappear or collapse when all the Bitcoins are mined?  

It will be like nothing happened at all. Im sure cryptocurrency will stay as it is. Even all bitcoin are mined there will be ways people to het involved on crypto. Its not only to bitcoin the marketcap of crypto depending but to all though its a fact that bitcoin ia the leader among them all. I think 2140 is already long for me anfd not sure if even Im still alive during that time anyway.

There will no coins to be mined after that and all the supply of 21 million will be mined from the start but we all know to be precise that there will never be that much coins in circulation due to OP_RETURN command that burn the coins or due to lost of keys and other factors.But coming back to the point the Bitcoin community will be still growing and network will be secured by the miners.

At this time they are doing it for 6.25 bitcoin as rewards which will be reduced to 3.125 on next halving and so on until 2140 when all coins will be mined but it will take additional 118 years to happen.But after that miners will be willing to do it because of the transaction fees they will get from each of the transaction.That time there will be far more transactions than today and miners will be getting incentivise for the same and imagine the prices at that time so they will be willing to do it for earning few btc only.The network will never collapsed unless there is some big cause which doesn't seems possible at current time.

[Darker45]

It is hard to answer a question that is only going to happen more than 100 years from now. That would be too far a future to try to predict. As you’ve said, we cannot even be sure if crypto or Bitcoin is still even a thing by that time. But if Bitcoin is to collapse as block rewards are getting smaller and smaller that they cannot anymore sustain mining operations, I guess it will happen much prior to the mining of the last Satoshi. As a matter of fact, even the most recent halving has seen mining operators stop their operations due to unsustainable return.

Strictly speaking, though, I think the network won’t collapse. If the last mining operation stops, the network would go dormant but it will remain there. As soon as somebody resumes mining, the network springs back to life and starts validating those old transactions left unconfirmed.