What if there is nomore coins to mine?

[Amph]

nothing... my other post was wrong, from the look of the blockchain stats it seems that there are 32 btc in fee each day which is somehow 1/100 of the total bitcoin mined today

this simply means that the value in future must increase 100x, or the fee increased to 100x(0.01+) or the number of total transactions per day raised to 100x which means 20M per day

but the last point is hindered by the block limit, and even 8MB will not suffice

If the difficulty keeps on rising, even the 100x price rise is not enough. Does it indicate the price will rise more than 100x?

yeah that's correct, the diff will most likely keep with the value increase, so this mean that we can not rely only on the price increase but with need transaction fee increase and total tx increase, which is somehow correlated with adoption increase

[dk8218]

It should be right to believe that only limited quantity of btc is there.
And one time miner won't able to mine..
But think bitcoin transaction will,never end.. so being blocks will never end and the transaction fees in blocks can be mined..
It is true that difficulty will increase but I don't think there will be a rigid stop to mining..
Possibly there should be low profitable

[Mobius]

By that time, BTC will be so widely adopted that tx fees will easily supplement block rewards.

[fuathan]

We know that the difficulty of mining increases exponentially. Last btc will be very hard to mine. It takes so many time and resources (electricity, time, etc.) So if 1 btc price is not more than 6 digits no one will want to mine it. 

[relq]

If there is no more coins to mine, i think the bitcoin price will increase so high. and maybe many faucets will reduce the payment. and also the rate of signature campaign also decrease. But it's okay, because the bitcoin price is high.

[fuathan]

By the way, there are many altcoins which are pre-mined. Nobody needs to mine it they are already in the market.

[enhu]

I believe when that time comes there is nothing more to mine, transactions will be tripled in quantity or maybe more to which transaction fees may not have to be raise. imagine thousands if not millions of transactions each day to which fees goes to the miners. those will be enough more like solving blocksizes.

[crazyivan]

I m more worried regarding the fact what happens if BTC halves and the price does not go up 2x. This means lots of farms will be become instantly unprofitable, stop mining, the diff will crumble and what then?

[mocacinno]

By the way, there are many altcoins which are pre-mined. Nobody needs to mine it they are already in the market.

Welllllllll.... If nobody is mining blocks, no transactions will be included, no confirmations, nothing... So even for pre-mined altcoins, mining is necessary.

Pre-mining is usually just a trick to cash out and scam the community (there might be exeptions to this rule)

[arbitrage]

Till then bitcoin will be much more adapted and integrated in internet transactions..
Mining is just one phase in life of bitcoin..
Usage is the next phase i think every day we finding new wey of usage for bitcoin in real life.

[Next BillG]

I m more worried regarding the fact what happens if BTC halves and the price does not go up 2x. This means lots of farms will be become instantly unprofitable, stop mining, the diff will crumble and what then?

Many farm will run out of business.

I am more worried about the altcoin mining. 7970 is excellent for Ethereum mining, but the mining will finish in a year's time. These cards are not great for modern game now.

[Kevin77]

Till then bitcoin will be much more adapted and integrated in internet transactions..
Mining is just one phase in life of bitcoin..
Usage is the next phase i think every day we finding new wey of usage for bitcoin in real life.

Yes, you are right. The transactions fees will be there for miners, they will receive it always. The transaction fee is always the source for them and as the bitcoin gets higher value like one satoshi's value some $5 or $10. Then there is no need of block reward just a the fees are more than enough with millions of transactions.

[virtualdn]

This will only happen in 100 years. Miners will still earn from the transaction fees. But there is no use worrying about this now.

[Windpower]

The miners would get the transaction fees from people's transactions. Hopefully they rise so mining can still be profitable.

[Next BillG]

I m more worried regarding the fact what happens if BTC halves and the price does not go up 2x. This means lots of farms will be become instantly unprofitable, stop mining, the diff will crumble and what then?

When the difficulty crumble and it become profitable for some miners to mine again, the network is still maintained.

[AliceWonderMiscreations]

I might be dead by the time it happens, but I suspect at some point mining will no longer be directly profitable.

It will be done by hobbyists and business just to keep the network secure, just like many of us rub a full-node client 24/7 to help keep the network secure.

[rio3233]

I think if there is nomore coins to mine, the bitcoin price will increase so high because you can mine it again. and maybe so many people start using bitcoin because the price so high.

[fuathan]

There are many altcoins which are pre-mined. So no worries... 

[Anegg]

It is going to take another 100 years before all the coins are mined, the fees will be huge by that time. I hope.

[elizabethqueen]

So I was watching videos on youtube and I came accross to a video regarding the facts about bitcoin. I saw there that every halving the reward block is halve right? And so the rewards that the miner will get will decreased. My question is what will happen to the miners if there will be no more coins to mine? Since there is only a limit on how many bitcoins can be produced, a time will come that mining will put on stop. What will happen to the bitcoin price if then?

if it really happen,i think bitcoin will lost so many users,and there just bitcoin transaction in this world,no more bitcoin miners or bitcoin classic. i think need 10 or more years until bitcoin reach limit.