frowsiter
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September 22, 2017, 06:44:57 AM |
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As there won't be any more coins to mine then firstly miners will get engaged into confirming the transactions. As they won't be having any coins to mine then that's the priority which would be allotted to them. Besides that the price of bitcoin will just boost very high. Due to high demand and limited supply that's going to be most amazing era with bitcoin equal to six figures of salary. Moreover, there might be another coin getting created like the bitcoin only and people may introduce whole new mining industry with that. Anything is possible with coming future and after the last coin being mined.
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drwhobox
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Activity: 756
Merit: 133
- hello doctor who box
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September 22, 2017, 06:49:12 AM |
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Some says that transaction fees would pay the miners. It would tke 100+ years for the last Bitcoin to be mined and the price of bitcoin would be really high by that time. Due to demand of the community on having some BTC
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loopes
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September 22, 2017, 06:54:31 AM |
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since bitcoin is a POW coin,what will be awarded to miners after the circulating supply reaches the maximum supply which is 21 million ,that is when the last coin has been mine
The first bitcoin will never reach 21 millions supply, and the second the miners still run the nodes to secure the network without a reward from the bitcoin. But i think the transaction fees will be gradually increase as long as the miners will not receive the reward from the block again. but cheapest fee is one of the most features of bitcoin which many people have interested in with bitcoin. the users of bitcoin will not satisfy again while they use bitcoin anymore due to bitcoin lost 1 most important thing. if that's really happen, demands of bitcoin will decrease and we would not see the price of bitcoin increases.
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tiggytomb
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Activity: 1848
Merit: 1000
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September 22, 2017, 06:57:02 AM |
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Transaction fees will be the reward, it is a good bit away right now so who knows what the world will look like at that time, imagine if bitcoin really broke through and was the main global currency, the fees would be very much worth it.
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allthebitandbobs
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September 22, 2017, 07:03:25 AM |
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There has already be bitcoin cash .I guessing they will do a hard fork a.They might be 10-20 fitcoin forks by that stage anyway so i wouldnt worry to much about it
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Maveth13
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September 22, 2017, 07:08:20 AM |
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It's still a bit of a long time until the last bitcoin will be mined, but after that miners would still probably continue to mine small amounts then eventually transaction fees would be the reward for them. The problem is how profitable would that be, and would it be fair. And would transaction fees largely increase in line with this.
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alex 666
Newbie
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Activity: 22
Merit: 0
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September 22, 2017, 09:18:16 AM |
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After lost coin mine the part of supply will stop so if have many demand price will up
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laluna24
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September 22, 2017, 09:28:37 AM |
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After lost coin mine the part of supply will stop so if have many demand price will up
I think bitcoin price will become very expensive by that time. And yes the demand is also very high but I cannot say more as of this time. Because we will never know what might gonna happen in the future.
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maokoto
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September 22, 2017, 09:32:02 AM |
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Hopefully, it will be popular and expensive enough, and it will just circulate up and down, people buying and selling with Bitcoin and all.
However, there can also be improvements to the protocol from them on...
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SmokeMcPay
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Activity: 168
Merit: 100
Movement App Dev.Team
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September 22, 2017, 09:32:53 AM |
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The normal and most probable thing is that after no more bitcoins join the market the price will increase significantly I think that's the reason of so many holders.
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Juggy777
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September 22, 2017, 09:48:20 AM |
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since bitcoin is a POW coin,what will be awarded to miners after the circulating supply reaches the maximum supply which is 21 million ,that is when the last coin has been mine
In the long run we really can't even predict what will happen, but what I feel is they shall recieve the money from transactions fee as usual. Then also the price shall be so high,that It can be a collector item lol. So they may even put up bidding process, as we all know that's it's a long run we can't really say, with so many forks happening, anything is possible but one thing is for sure, miners shall continue to earn at our expenses.
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makishart
Legendary
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Activity: 3122
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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September 22, 2017, 10:24:32 AM |
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since bitcoin is a POW coin,what will be awarded to miners after the circulating supply reaches the maximum supply which is 21 million ,that is when the last coin has been mine
In the long run we really can't even predict what will happen, but what I feel is they shall recieve the money from transactions fee as usual. Then also the price shall be so high,that It can be a collector item lol. So they may even put up bidding process, as we all know that's it's a long run we can't really say, with so many forks happening, anything is possible but one thing is for sure, miners shall continue to earn at our expenses. If that thing could make the transaction fees go higher when at the same time the price of bitcoin is on its peak. I'd be suffering and be sure to not use bitcoin again. The current transaction fee which take approximately few dollars are enough to make me think twice before doing transcation.
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DoublerHunter
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September 22, 2017, 01:33:21 PM |
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If the last coin has been mine then bitcoin will be so expensive on its price because the supply is very limited since the supply is mined out and the only thing that we can depend for the supply is the demand for selling bitcoin in the market and that will make the price of bitcoin even more volatile and i think that it will not become a stable coin like other investment vehicles.
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FJNuñez
Full Member
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Activity: 140
Merit: 100
🌟ATLANT ICO: 7/09/17🌟
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September 23, 2017, 01:19:25 PM |
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Then it becomes extremely profitable! Since it's scarce and there is only 21 million bitcoins you will enjoy the benefit of great rewards if you buy and hold now.
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bitcointarget
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September 27, 2017, 09:35:31 PM |
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We don't know what might happen because it is in the future. There are lots of possibilities. By that time, Bitcoin might be the Universal Currency and have a very high value. It is also possible that by tthat time, Bitcoin is fighting for its survival in the market because the people love other coins than Bitcoin. We can never assume anything.
To get mined of 100% of the total supply, this will take forever mathematically. This is not like years, because it will converge to 99.9999% always. There would be price inflation after the supply was mined.
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