If the mining profits decrease, will Bitcoin end?

[shinratensei_]

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house.

Bitcoins biggest advantage is that its trustless. Anyway the plan is that more transactions will be included per block thus the total reward from fees will increase without the need for the fee per transaction to increase (significantly).

That's why we need the blocksize increase. But are the fees depending on the miner's reward? I mean we pay someone for securing something for us. But it's also meaning the fees will increase with insignificantly.

[kiklo]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

When there are ZERO rewards , the Fee Prices will be so high, people will move to other coins with cheaper fees and BTC will Die.


 

[Digitalbitcoin]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

Basically bit coin is made up with proper programming which have done with considering future requirement. Already many things were predicted about Bitcoin environment which are really sustainable as well as complementary. Bitcoin is really invention made up of this century.

And as already predicted price of Bitcoin in future can give good return on investment with mining of Bitcoin. Even halving if decrease price of block reward, Still price matter. Because increasing price of Bitcoin giving returns to miners. And in future if reward decreases as per prediction still miner will be profitable if they have high end mining hardwares.

[alyssa85]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

No really, only the BTC reward will be lowered but the BTC price will increase due to the law of supply and demand, less BTC less supply more demand, high prices.

You are assuming that bitcoin will be the primnary cryptocurrency and that there will always be demand. But it's possible that as fees rise, people switch to another cryptocurrency and bitcoin collapses.

Nothing is guaranteed in this space.

[Xester]

There is no way that bitcoin will end with just a decrease in mining profit. It will continue but the confirmation will take a very long time. The users will pay huge fee just to get the transaction done in time. But let us say a miner will stop mining because it is no longer profitable what will happen next, a new miner with a good hardware will replace the old miner and the cycle will continue. New mining hardware, new technology will just come out to solve the problem on difficulty, electricity and others.

[MMA]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

When there are ZERO rewards , the Fee Prices will be so high, people will move to other coins with cheaper fees and BTC will Die.


 

when there will be no bitcoin remain to mine then the price of bitcoin will increase much more. because the demand will increase and the supply will decrease, therefore i think people will offer more high price for buying bitcoin.

[clickerz]

when there will be no bitcoin remain to mine then the price of bitcoin will increase much more. because the demand will increase and the supply will decrease, therefore i think people will offer more high price for buying bitcoin.

Well, that probably the possible scenario and also, I think sending charges will definite increase All is just a speculation but theres a posibility to happen.

Bitcoin is not threatened I think if mining profits decreased,but if another coin can addressed the some issues which bitcoin encounter  like for eg in speed etc then its a game changer.

[royalfestus]

Mining end in the year 2140 so in my opinion is the last thing we should worry about as I am pretty sure we will all be dead and forgotten at that year 2140.

As others have already said then it would depend on transaction fees and also bitcoin will not end but it will be extra expensive as there will be only this amount of bitcoin in circulation(21mln coins) and if people by then decide not to sell than the price should only go up.

It is thoughtful to know that it will end in 2140,beside it is a proposed date. Mining of new bitcoin can end but mining to gain transaction fee continues, due the infinity block of network more so this process is also rewarded.

[Senor.Bla]

Mining end in the year 2140 so in my opinion is the last thing we should worry about as I am pretty sure we will all be dead and forgotten at that year 2140.

As others have already said then it would depend on transaction fees and also bitcoin will not end but it will be extra expensive as there will be only this amount of bitcoin in circulation(21mln coins) and if people by then decide not to sell than the price should only go up.

It is thoughtful to know that it will end in 2140,beside it is a proposed date. Mining of new bitcoin can end but mining to gain transaction fee continues, due the infinity block of network more so this process is also rewarded.

In about 20 year the mining reward will be under half a Bitcoin. To make the same Bitcoin would need to have a price of almost $30000. Transaction fees will overcome the mining reward even sooner. So this will be a problem (or not) sooner then one might think.

[noictib]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

You question is no much complicated because , If mining reward will became low or stop then it is sure that a new rule will come into play to earn bitcoin by supporting mining .
Because if mining reward decrease or stop then the system of bitcoin transaction will stop , so to make bitcoin and its transaction live the bitcoin system will provide additional reward .
So don't worry  , if you can than make mining

[TastyChillySauce00]

Mining end in the year 2140 so in my opinion is the last thing we should worry about as I am pretty sure we will all be dead and forgotten at that year 2140.

As others have already said then it would depend on transaction fees and also bitcoin will not end but it will be extra expensive as there will be only this amount of bitcoin in circulation(21mln coins) and if people by then decide not to sell than the price should only go up.

It is thoughtful to know that it will end in 2140,beside it is a proposed date. Mining of new bitcoin can end but mining to gain transaction fee continues, due the infinity block of network more so this process is also rewarded.

In about 20 year the mining reward will be under half a Bitcoin. To make the same Bitcoin would need to have a price of almost $30000. Transaction fees will overcome the mining reward even sooner. So this will be a problem (or not) sooner then one might think.

Just see what happen after the recent halving and the effect until now that it's proven the price is rising if you compare with the price before halving. I think that if the mining rewards always goes low, the rate of bitcoin will be increasing and it's will be a fair amount of reward equivalent to fiat for those miners to fulfil their needs of mining such as electricity or maintenance and give them some profit out of it.
This problem will be sorted out by the time.

[Senor.Bla]

Mining end in the year 2140 so in my opinion is the last thing we should worry about as I am pretty sure we will all be dead and forgotten at that year 2140.

As others have already said then it would depend on transaction fees and also bitcoin will not end but it will be extra expensive as there will be only this amount of bitcoin in circulation(21mln coins) and if people by then decide not to sell than the price should only go up.

It is thoughtful to know that it will end in 2140,beside it is a proposed date. Mining of new bitcoin can end but mining to gain transaction fee continues, due the infinity block of network more so this process is also rewarded.

In about 20 year the mining reward will be under half a Bitcoin. To make the same Bitcoin would need to have a price of almost $30000. Transaction fees will overcome the mining reward even sooner. So this will be a problem (or not) sooner then one might think.

Just see what happen after the recent halving and the effect until now that it's proven the price is rising if you compare with the price before halving. I think that if the mining rewards always goes low, the rate of bitcoin will be increasing and it's will be a fair amount of reward equivalent to fiat for those miners to fulfil their needs of mining such as electricity or maintenance and give them some profit out of it.
This problem will be sorted out by the time.

Well, if this is proven, then we all should sell our houses and cars and even take a loan or two and invest it all in Bitcoin. Just wait a few year and we are rich Gentleman. Great!

[Mometaskers]

I only have a basic understanding of this but the creator wanted it to be a finite resource like gold. So even if the btc reward gets smaller over time, the value of btc is still increasing so there are still incentives for miners to do their thing. When all bitcoin has been mined out they'd be mostly receiving their income from the transaction fees (which would also become higher by that time).

[electronicash]

I only have a basic understanding of this but the creator wanted it to be a finite resource like gold. So even if the btc reward gets smaller over time, the value of btc is still increasing so there are still incentives for miners to do their thing. When all bitcoin has been mined out they'd be mostly receiving their income from the transaction fees (which would also become higher by that time).

perhaps so. value of bitcoin goes so high that transaction fees may reach $10. this is still worth for miners to continue making money even after another halving. 6.25 BTC per block will be worth for any miners so long as its value will be doubled in the next 4 years.

[st0nefish]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

No really, only the BTC reward will be lowered but the BTC price will increase due to the law of supply and demand, less BTC less supply more demand, high prices.

Along with that fact we can also say that with the passage of time the remaining coins will reduce in umber and one day all of the coins will be mined and with the limited number of bitcoin its price will be much higher and the miners will rely on the fees of transaction which is also good in amount.

Yes, this is one of the scenarios that might be in the possibilities. Overall for bitcoin everyone is considering this.
Classic economic information already says it. If supply decreases with increasing demand, prices will rise. In such a case, if the fee is within a reasonable value range, Bitcoin will continue.

[fikihafana]

not really. Bitcoin reward maybe decrease but bitcoin price will increase. It's why bitcoin price always increase year by year

Or bitcoin price decrease, mining profitability decrease, miner decrease, difficulty decrease, power use in mining will also decrease, making mining profitability increase.  It is a cycle.  Each sector will adopt to the changes of each sector.  The only thing that will stop bitcoin is when the demand of people to have bitcoin stop.

yes you're right. that's not easy to stop the demand, because bitcoin grow massively

[Kevin77]

not really. Bitcoin reward maybe decrease but bitcoin price will increase. It's why bitcoin price always increase year by year

Or bitcoin price decrease, mining profitability decrease, miner decrease, difficulty decrease, power use in mining will also decrease, making mining profitability increase.  It is a cycle.  Each sector will adopt to the changes of each sector.  The only thing that will stop bitcoin is when the demand of people to have bitcoin stop.

yes you're right. that's not easy to stop the demand, because bitcoin grow massively

Yes, the demand will persist and will break the cycle at any possible point. When bitcoin price decrease, some more new investment will enter to catch the comparatively lower prices which will stabilize everything else. As long as there are demands, we never need to worry about any ending as it will not be possible.

Only demand for bitcoin decides everything. Demand from new people will stabilize the mining profits, so continuous decrease for mining profits will not be possible.

[RealPhotoshoper]

not really. Bitcoin reward maybe decrease but bitcoin price will increase. It's why bitcoin price always increase year by year

Or bitcoin price decrease, mining profitability decrease, miner decrease, difficulty decrease, power use in mining will also decrease, making mining profitability increase.  It is a cycle.  Each sector will adopt to the changes of each sector.  The only thing that will stop bitcoin is when the demand of people to have bitcoin stop.

yes you're right. that's not easy to stop the demand, because bitcoin grow massively

Yes, the demand will persist and will break the cycle at any possible point. When bitcoin price decrease, some more new investment will enter to catch the comparatively lower prices which will stabilize everything else. As long as there are demands, we never need to worry about any ending as it will not be possible.

i guess it wil never give profit for a small miner , not since few years ago.
the difficulity and electicity cost makes solo mining not profitable anymore , but till now there a lot of active miner exist.
why? it is because they know even the bitcoin that they earned that time not worth but it will become worthy in the future.

[st0nefish]

At the moment the miners for a block are awarded 12.5 BTC. Every 4 years this value will fall by half. For example, let's imagine that the prize value is 1.5 BTC for each block and that BTC's value against the dollar does not increase. In such a case, mining will not be very profitable.

At the same time, miners are also benefiting from the value of the fee. This time the fee values will increase. Then people will have to pay a high fee for bitcoin transfer. The biggest advantage of the Bitcoin system against banking systems was that they could shop without paying commissions to any brokerage house. If this happens, can bitcoin preference be reduced?

You question is no much complicated because , If mining reward will became low or stop then it is sure that a new rule will come into play to earn bitcoin by supporting mining .
Because if mining reward decrease or stop then the system of bitcoin transaction will stop , so to make bitcoin and its transaction live the bitcoin system will provide additional reward .
So don't worry  , if you can than make mining

Has Bitcoin technology added new rules up to now? Has Satoshi's original technical design ever changed after Satoshi?
What I mean is not the improvements made in coding. Have new rules been introduced to change the operating logic?

[DOGE12321]

No it won't. The block reward is halved each time. It creates more demand for miners and this way we will see a rise in price. If many miners quit, it would be easier to obtain reward and others will begin to mine. This system replenishes miner numbers.