what happens when all the bitcoins have been mined?

[strocifer]

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?

Definitely BTC has to evolve in order to survive: either by changing the validation process so that the transactions become less costly in time and energy, or by creating a fork toward a much more efficient currency

[jackhdt]

estimates in the year 2140 21 million Bitcoin will be mined out. We don't need attention to that issue because it's too far away. I bet no one here witnessed that time

[johnwest]

The miners will have to generate the fees through transactions now. I think they will be in loss and will definitely find some ways to increase their revenue.

[SMB-2525]

Patience. In this respect, the network is self calibrating.
If the reward for mining bitcoin decreases, then the hashing power dedicated to it will decrease, the difficulty will decrease,  and the cost to mine will decrease.
All of these are the problem for 15-20 years from now.

[Vatimins]

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

My best guess would be after a 150 years. That is when i think all Bitcoins will be mined.simply because Bitcoins can be divided into so many parts. And this will really help make the time before it all gets mined be a lot longer. Plus the amounts that can be mined everyday are decreasing. But let's say it ran out already, the price will rocket and become so so high. Amd it will lose its great volatility and become a currency that is most likely as stable as american dollars. That is what i think.

[marcuslong]

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

Bitcoin will become more appropriate and all of them will ise bitcoin soon and so fort but to be honest most of the smart people will use to create their own alt coin nor alternative coins which they will use it to pump bitcoin easily ask they which more compitition = more profit and money

[Leodalat]

You do not need to worry about when bitcoin will be mined, but you should ask how long bitcoin will last in your life.

[eneyardi]

When will the last bitcoin be extracted ?!

[simongoat]

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.

hopefully it will last as it would be fantastic to be able to pass on some bitcoins to my children. 

[Coin.Master636]

Bitcoin will become more scarce and one of two things will happen:

• Bitcoin dies a slow death because nobody wants it anymore (unlikely)
• Bitcoin prices will skyrocket because it becomes scarce/limited.

When it will happen can't be predicted exactly. Depends on the miners and difficulty of mining.

How would mining all the coins will let bitcoin die if all coins are already circulating?
Once all bitcoins are mined it will be in the circulating at least or in someone else's wallet and miners will earn from the transaction fees that are charge on every transactions. And by the time all coins are mined which is approx. 2140 transactions are enormous and fees can compensate the bitcoins that you can get from mining.

That's true. That's why I added "(unlikely)", but in the crypto world, you never know. Many unprecedented and unexpected things already happened. Be prepared for everything.

[DoublerHunter]

When all the bitcoins have been mined then it will result for more volatility because the market will be controlled by the people who have got the most supply and the miners will just earn from confirming transaction and it might be a threat for the life of bitcoin to stay longer because miners might migrate to another coin because of the issue in profitability.

[bitgolden]

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

I believe i need at least 4 to 5 to exploit everything, the price will increase.

There is no doubt in the fact that bitcoin is going to increase tremendously in value when they are mined out totally. Bitcoin is the currency which is not going to disappear at any cost because of the reason that people now strongly believe in it, moreover it has produced many rich people in the last few years. Bitcoin is the future currency of the world and even if they are mined out completely, they’re not going to decrease in value.