What if there is nomore coins to mine?

[michnelli6]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

[Next BillG]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

The miners will still mine for the transaction fees. They are supporting the network, so they will get paid. This will last forever.

[Jeremycoin]

the master mind satoshi have made a almost perfect thing it is not going any where miners still gonna get profit probably more and i think when there is no more coins to mine that time bitcoin price will also rise and will be stable then now because no new coins are being mined only old coins are in the market

Agree with you, satoshi had thought all of that to avoid the defects of the system that might come up in the future.

[winspiral]

I'm impatient to see what will happen after the halving.
12.5 BTC per block is not much...if the price will not double...
many many miners will give up...certainly

[erikalui]

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

Not 100 years but it will probably take 2-3 years more till all the 20,999,999.9769 coins are mined. Currently we have 15,133,075 coins mined and I don't know why the amount is finite and cannot exceed 20,999,999.9769 coins in total. As per the blockchain graph, the number increases by 2,000,000 every 12 months.

[bitcoinboy12]

I'm impatient to see what will happen after the halving.
12.5 BTC per block is not much...if the price will not double...
many many miners will give up...certainly

Yes, generally to maintain the miners earnings prior to halving, the price must double to compensate the total value in Fiat but who knows. Once the price doubles there will be a massive sell off from those who are taking their profits and there are lots of them, so it's possible that the price will have a major dip unless the whales will inject some money to the exchanges to buy those sell orders.

[ranochigo]

With the continuous halving, the value would probably increase bit by bit till there is little to no supply. It would likely stabilize to a much higher amount. Bitcoin block size would also be huge when coin distribution ends, thus allowing for miners to gain more coins from a block. As miners shut down their miners, the difficulty would decrease to compensate and thus giving miners their profit back. If the blocks become much slower due to large number of miners turning off their ASICs at the middle of period, fees would increase and miners would switch it back on. By the time Bitcoin gets there, the ASICs and electrical fees would be so cheap that it is still profitable for larger mining farms.

[madonnino]

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

Not 100 years but it will probably take 2-3 years more till all the 20,999,999.9769 coins are mined.

2-3 years?!?!?!?!

just for reference take a look here http://bitcoin.stackexchange.com/questions/10486/when-will-the-last-bitcoin-be-mined

[winspiral]

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

Not 100 years but it will probably take 2-3 years more till all the 20,999,999.9769 coins are mined. Currently we have 15,133,075 coins mined and I don't know why the amount is finite and cannot exceed 20,999,999.9769 coins in total. As per the blockchain graph, the number increases by 2,000,000 every 12 months.

it can not exceed because the nb mined is divided per 2 all 4 years...it comes a moment where only 6 bitcoin are mined every 10 minutes then 3 then 1.5 (or so) etc...

[Amph]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

The miners will still mine for the transaction fees. They are supporting the network, so they will get paid. This will last forever.

it depend on the value of bitcoin and on the number of transaction per second, currently miners are earning 32-50 btc max from fee

and they need to match the same revebue from their reward which is 3600 coins per day = $1440000

[davinchi]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

It will be the end of the mining only as if no more coins are mined, the users who own the coins would just keep exchange them with other users but no more coins would be generated and this would affect the bitcoin price as well. It would stop the supply of bitcoins and probably be the end of bitcoins.

[Kevin77]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

The miners will still mine for the transaction fees. They are supporting the network, so they will get paid. This will last forever.

I agree here as till bitcoins hold a value and miners profit from their job, this would continue as it is going on now. If bitcoin loses its value and reaches a price that does not help even the miners, they would probably stop mining then and we could say officially that bitcoin is dead. It happened earlier as well when there were very few miners to mine these coins.

[lumeire]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

The miners will still mine for the transaction fees. They are supporting the network, so they will get paid. This will last forever.

I agree here as till bitcoins hold a value and miners profit from their job, this would continue as it is going on now. If bitcoin loses its value and reaches a price that does not help even the miners, they would probably stop mining then and we could say officially that bitcoin is dead. It happened earlier as well when there were very few miners to mine these coins.

I suppose it would all depend on the transaction volumes should that day come. I remember an article regarding that in the past, that the block size should remain at 1mb so there would be higher fees to compensate the miners.

[ricardobs]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

It's the same case if dollars are no more generated by the reserve bank and hence the coins that exist on that day would remain the same. I guess it would make the bitcoin price stable and not change anything. The miners wouldn't receive any coins for the transactions though.

[vrm86]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

It's the same case if dollars are no more generated by the reserve bank and hence the coins that exist on that day would remain the same. I guess it would make the bitcoin price stable and not change anything. The miners wouldn't receive any coins for the transactions though.

Coin supply is as important as coin demand. Even if all coins would be mined, the price could still be depending on adoption level. Moreover, after the possible world-wide hype, some people could conclude that they don't need bitcoins anymore, and they prefer fiat.

[MrGodMan]

So basically they are being paid to burn electricity and keep the system running.

Talk about mentality, you make it sound way horrible

ha, lol. I sure appreciate their work.

yeah its really a nice topic if there is no more coins to mine what will happens to the miners but I am sure there will be some ways out of it. and the bitcoins masters will sure make something happen to grow it later.

[romero121]

the master mind satoshi have made a almost perfect thing it is not going any where miners still gonna get profit probably more and i think when there is no more coins to mine that time bitcoin price will also rise and will be stable then now because no new coins are being mined only old coins are in the market

Agree with you, satoshi had thought all of that to avoid the defects of the system that might come up in the future.

Accepted soon such situation would arise. But before that an alternate solution will be generated so to cut down the defects. Its true for a great price increase if there is nomore coins to mine.

[ranochigo]

Thats ticky, I never mined coins so not sure, but yes probably the end of BTC ?

The miners will still mine for the transaction fees. They are supporting the network, so they will get paid. This will last forever.

I agree here as till bitcoins hold a value and miners profit from their job, this would continue as it is going on now. If bitcoin loses its value and reaches a price that does not help even the miners, they would probably stop mining then and we could say officially that bitcoin is dead. It happened earlier as well when there were very few miners to mine these coins.

I suppose it would all depend on the transaction volumes should that day come. I remember an article regarding that in the past, that the block size should remain at 1mb so there would be higher fees to compensate the miners.

Link? Even though 1mb block with high transaction volume would benefit the miners by reducing the orphans and having higher fees/kb, it is not realistic at all. With a higher TX volume and low block size, there is a risk for transactions to not get included for a long time, increasing the cost and thus resulting in slower adoption rates and merchants reluctance of accepting 0 conf transactions.

the master mind satoshi have made a almost perfect thing it is not going any where miners still gonna get profit probably more and i think when there is no more coins to mine that time bitcoin price will also rise and will be stable then now because no new coins are being mined only old coins are in the market

Agree with you, satoshi had thought all of that to avoid the defects of the system that might come up in the future.

Accepted soon such situation would arise. But before that an alternate solution will be generated so to cut down the defects. Its true for a great price increase if there is nomore coins to mine.

Depending on the transaction volume and supply, the coins may be worthless or worth a lot. There's no guarantees about this.

[newcoins1978]

I'm impatient to see what will happen after the halving.
12.5 BTC per block is not much...if the price will not double...
many many miners will give up...certainly

You should just wait and see. Maybe keep the coins though.
And if the coins leave then they surely again there something else came up.
So there's no reason to stop.

[3dm.zz]

I think it's clear that it's going to be a price increase, but I don't know what it's going to be,