What will happen after mining ends?

[Quantus]

High fees = High security, Low fees = low security, its that simple.

If the block rewards + fees are < the potential reward of carrying out a 51% attack then the network will fail. If the Block rewards and fees are not enough of an incentive to "play by the rules" the network fails.
If the mining community collapses but the network still holds value the network fails.

I like the idea that if the mining community collapses leaving the network vulnerable we could switch out the hashing function used to confirm transactions.
However this could lead to a monopoly of new ASICs. (First mover advantage)



Freedom is not free and nether is bitcoin.


ELI5: If you want to protect $50 dollars you can securely store it in a $200 safe. If you want to store 10 million dollars you will need a more secure safe. The same is true for Bitcoin. But as our net value goes up our security (fees+block rewards) is going down. This is a serious issue.  

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[MaritiJames3]

Then I think that more people would go over to just investing and bitcoin might even lose a couple of users. Many people were here just to mine some coins and now that it does not really work to mine coins now because of the halving coming many people are leaving.

[serjent05]

Then I think that more people would go over to just investing and bitcoin might even lose a couple of users. Many people were here just to mine some coins and now that it does not really work to mine coins now because of the halving coming many people are leaving.

Mining never ends for Bitcoin, after mining the last block of bitcoin, they are mining the TX FEE next.  But as profitability is concern,it is too early to know if it is still worh mining during that time.  Assuminig mining isn't that profitable, still there are enthusiast miners, that will never shutdown their machine since it gives them happiness.  Like your feeling when you got your first BTC. I agree at those time more people will be into investing or more probably shifting to BTC as their cash ( hey it's 1 century  after this year).

[LuckGone100]

although i never do mining and also not cares about.i just gamble and trade online and if mining ends ppl get rid of from those miner that's it

[RobinHoodster]

Then I think that more people would go over to just investing and bitcoin might even lose a couple of users. Many people were here just to mine some coins and now that it does not really work to mine coins now because of the halving coming many people are leaving.

Mining will never ends but if this will happen you are right they will just stay holding the bitcoin and invest more and do nothing else anymore due to that fact.

[pandalion98]

Then I think that more people would go over to just investing and bitcoin might even lose a couple of users. Many people were here just to mine some coins and now that it does not really work to mine coins now because of the halving coming many people are leaving.

Mining will never ends but if this will happen you are right they will just stay holding the bitcoin and invest more and do nothing else anymore due to that fact.

I think mining will never stop. It's just that instead of the miners profiting from block rewards (which now doesn't exist), they would now profit from the transaction fees.

Therefore, they probably will never confirm transactions with no TX fee, unless someone or a company strikes a deal with a miner to confirm every TX from that entity.

[Schuyler]

Then I think that more people would go over to just investing and bitcoin might even lose a couple of users. Many people were here just to mine some coins and now that it does not really work to mine coins now because of the halving coming many people are leaving.

Mining will never ends but if this will happen you are right they will just stay holding the bitcoin and invest more and do nothing else anymore due to that fact.

I think mining will never stop. It's just that instead of the miners profiting from block rewards (which now doesn't exist), they would now profit from the transaction fees.

Therefore, they probably will never confirm transactions with no TX fee, unless someone or a company strikes a deal with a miner to confirm every TX from that entity.

So if the mining would continue until after every bitcoin has been mined, would it still be worth the time to mine by then? Wouldn't mining affect transaction fee rates? That would be a very long time from now and no one living right now would be alive by then.

[Enotche]

A mining never end. After all, in order to function bitcoin network, ie, Mining committed to the transaction must always continue until the network lives. Because the blocks are wrapped in a transaction and stored in the database, where they are stored, and if mining ceases, it can no longer be transact, i.e. transfer coins to other people.

When the issue is over, ie, It will produce 21 million coins, the miners will receive a commission as a reward for the found block, and so it will always profitable occupation. Block creator will receive all commission network. Needless to competition for this commission, who has more power, those and more likely to find a block and get the commission will also work pools. So anything with Bitcoin since this does not happen.