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Author Topic: What will miners do when all Bitcoins gone and no reward will be given?  (Read 720 times)
tothh
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November 07, 2016, 08:29:16 AM
 #1

I'm a bit confused about this. Will they receive transaction fees as a reward? What difficulty will be present if all BTC are already in circulation and nothing is there for mining?
On blockchain, the chart indicates 16 million (16,000,000) BTC is rewarded and are held by individuals.

Thanks!  Smiley
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November 07, 2016, 08:30:33 AM
 #2

I'm a bit confused about this. Will they receive transaction fees as a reward? What difficulty will be present if all BTC are already in circulation and nothing is there for mining?
On blockchain, the chart indicates 16 million (16,000,000) BTC is rewarded and are held by individuals.

Thanks!  Smiley

please use the search function, it'll result in a list looking like this one:
https://cse.google.com/cse?cx=016660200577587308545%3Aesf40ml9aag&ie=UTF-8&q=what+if+all+bitcoin+is+mined&sa=Google+search#gsc.tab=0&gsc.q=what%20if%20all%20bitcoin%20is%20mined&gsc.page=1

To answer your question: yes: if the block reward goes to 0 satoshi's, the miners will keep mining for the fees. It's possible the diff will drop because miners turn off some machines, leaving more blocks and more fees for the leftover miners

 

                                       
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tothh
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November 07, 2016, 08:46:36 AM
 #3

Thank you sir!
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