what happens when all the bitcoins have been mined?

[xBitHodler]

We can't really predict what will happen to Bitcoin if all coins are mined. Everyone here will be dead before it happens. As far as I remember, it will happen somewhere around 2133. I can't tell you what will be the value of Bitcoin by that time but I'm sure our grandchildren will be happy if we save at least 0,001 BTC for them!

[rainbow169]

At the time, miner will have to reply on block fees for reward.  If the bitcoin price raises high enough,  fee would be enough to keep the miners to run the network

[crustycrab666]

At the time, miner will have to reply on block fees for reward.  If the bitcoin price raises high enough,  fee would be enough to keep the miners to run the network

Thats true, besides that in my opinion, bitcoin prices will be more expensive, know the rare items, many who want to have it. then the miners will also start switching to altcoin.

[ajmapalo22]

If all bitcoin will be mined chances are: there's no more supply to come meaning everything is in the circulation so if ever the demand increases they will adjust the price to get some bitcoin and make it available in the market. Or they will encourage the use of alternative coins and drop bitcoin price so that the market will be divert till bitcoin will become available again

[Dexion]

I do not know, that would take a very long time, because too many people are mining in this world, even I have seen the profile of bitcoin miner, he said that the income in every week is $ 16000, this resulted in decreased inventory of bitcoin stock every year. and of course bitcoin network will experience maintance.

[coinycoiny]

Is everyone here on drugs?

Seriously, btc needs miners to confirm transactions.

This takes a lot of electricity

This has to be paid for

Either by free coins or transaction fees

If you don't reward with free coins then you need transaction fees

and that is going to be very expensive

and nobody wants to talk about it

cos your all hodling worthless coins

[bamboylee]

Like they said, miners will earn bitcoin through tx fees. And the price of bitcoin will be too high. Unfortunately, bitcoin tx fees will be too high also. And if you are complaining how high tx fees are right now, wait til that day comes. Fortunately that is not our problem yet, miners are still getting block rewards. Tx fees are high but still manageable.

[Glydel1999]

maybe it's easy to get here with bitcoin no matter how difficult it can be and help the poor to join it in bitcoin.

[Oppang Inamo]

Maybe all users will not gain bitcoin anymore, because what been said in the forum, All bitcoin so it means all bitcoins will be gone because it is mined, but the maker of it will sureley not let that happen because if all bitcoins will be mined, there is no reason for us to post and join forums, and there will be no reason for the bitcoin do make campaigs and bounties.

[lupinvn]

The most direct and obvious consequence of such an event, of course, is that the miners will no longer receive rewards for mining, which is, despite the considerable slowdown in the process of calculating blocks, the main part of the financial attractiveness of mining. Miners will receive only commission for transactions, which for many of them may prove to be economically unprofitable, i.e., simply will not cover their costs. Then, theoretically, a mass outflow of miners and an avalanche-like reduction in the number of computers on which the global block-chef system is maintained and, as a result, the destruction of the entire network or its centralization in the hands of the few remaining, which is a nonsense for a real crypto currency, can begin. But this, I repeat, under the existing protocol, but it can be changed.

I don't think they would not received anything from mining bitcoin. Because they still get miner fee of a transaction and I think till then, the fee would increase a little bit and the price of bitcoin is rocket to the sky so they still get their profits for mining bitcoin and keep the system continued to run.

[Periodik]

Maybe all users will not gain bitcoin anymore, because what been said in the forum, All bitcoin so it means all bitcoins will be gone because it is mined, but the maker of it will sureley not let that happen because if all bitcoins will be mined, there is no reason for us to post and join forums, and there will be no reason for the bitcoin do make campaigs and bounties.

I think you need to read, study and understand more about crypto before posting in this forum. This forum is about bitcoin and other crypto currency talks that make sense. Bitcoin will become more scarce when all of its supply are mined. When supply is getting scarce due to high demand then the price will have no any other destination but upward.

[strocifer]

hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network

First off, the total supply of Bitcoin is 21million. Logic supposes that there is no way the whole 21m will ever be mined because some are already lost in transit either from untraceable transactions, death of owner or key lost. Therefore, what this means is that there will be scarcity of supply once the blockchain is completed. This scarcity will make demand for it loud and over the hook and price will go haywire.

This is true assuming the demand will be high at the time. How sure are you about that ?

[krisnt80]

Bitcoin mining is sheduled to end around 2140, and once last block mined well all believe fees will take place the previous block rewards, its expected bitcoin to be worthing much more then now, around 40000- 200 000 dollars, soo fees will easy replace, even considering this more a waste then a shield, wonder how much energy is being spent to keep bitcoin alive.

[simongoat]

thanks everyone for your comments, they are very helpful. Would it be fair to say that bitcoin is going to have to be tweaked a lot if it is going to be used as a successful currency in hundreds of years time?

[w5pn73]

We will either go up and see a strong rise or we will go down significantly due to not having the mining industry behind it no more.

thanks everyone for your comments, they are very helpful. Would it be fair to say that bitcoin is going to have to be tweaked a lot if it is going to be used as a successful currency in hundreds of years time?

Yes, btc scales horribly and fee's are through the roof.

[michkima]

hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.

It will happen by about 2140. That's pretty far away, so we don't really have to worry, but the next generations will. There is no issue when it comes to the time every bitcoin has been mined. Actually, miners are not mining bitcoins but blocks. The bitcoins they get are just rewards for finding the block. When bitcoins reach 21 million then that would mean there won't be anymore rewards to be given to the miner that finds the block. What will happen though is that the miners will still get the miner's fees. So they will work for that.

[wisdomcn]

This is a technology, it will not die rather it will be upgraded or converted into another form. Just like crude oil exploration have existed for decays and it have not been completely drilled, so bitcoin will exist  in this form as long as the coin is accepted for goods and services.

[rajsimran]

hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.

I think price will be moon after this.Becsause no bitcoin will create after that and people want bitcoin then the price will be moon.Also another thing can happen after the price will be dropped. no one exactly what will happen.

[X2PR8888]

hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network.

Total of 21 million bitcoin will be mined by 2140 so we might not be alive by that time. Bitcoin's price will be very high so that miners can be in profit even with just transaction fees and 0 block reward.

Bitcoin network is designed to run forever...

This is very good to know.  It's always nice to be reassured of the longevity of the bitcoin sysytem because you'll always have that reminder that it is never too late to start learning about it and actually using it.  🤗

[pri3oner]

As for me, I suppose  that... we will be died before it happened   Technically, nothing wrong wont happen with bitcoin cos the good that has its end costs more every single moment. Philosophically, everything has its end whatever it is.