What Happens After 21 Million Coins Mined?

[gottabit]

What will be the state of Bitcoin after all coins are mined?  Even before that what happens to miners as it gets close to the final mint?  Is one 1 Satoshi, 00000001 the absolute smallest demonimation or can fractions thereof be created if needed?

[drunkcoin]

End of the world 

[OmegaStarScream]

The miners will start getting transaction fees instead, and assuming that the growth of bitcoin continues, there will be millions of transactions so it will be as profitable as it is right now.

[secondgarlic]

Well the last coin is supposed to be mined sometime in 2140 an I'm fairly certain that bitcoin will not be around by then. Who knows what sort of world we will be living in, in 2140. So whenever this question is asked, my go-to response is that it's useless to think about it, since no one knows what 2140 will be like.

[loaddebitcard]

I guess it will be stagnation of bitcoin. There will be era of altcoins!

[jobjorn]

nothing would happen, bitcoin is not meant to be infinitely divisible, real gold cannot be divided infinitely too, does it matter you?

[odolvlobo]

What will be the state of Bitcoin after all coins are mined?  Even before that what happens to miners as it gets close to the final mint?  Is one 1 Satoshi, 00000001 the absolute smallest demonimation or can fractions thereof be created if needed?

That question has been answered at least 21 million times (Google says 641,000,000 results). You must have seen it answered already.

Rather than answering it again, here is a link: http://lmgtfy.com/?q=What+Happens+After+21+Million+Coins+Mined

[JohnHero]

End of the world 

We will see the end of the world before we will be able to get there. It's gonna take 120 years to completely mine Bitcoin.

[cancuncrypto]

Everyone starts hoarding the coins and suddenly the price will go up, to millions and millions of dollars. But hey, in all seriousness, who knows? We shall see what the price will be at. I think it'd be a positive, and as we continue to advance into the future, we shall see what the prices continue to go up for

[zombie6]

or before they fix the code or they just end) and their number will decrease constantly, people will die and lose their bitcoins

[Toxic2040]

What will be the state of Bitcoin after all coins are mined?  Even before that what happens to miners as it gets close to the final mint?  Is one 1 Satoshi, 00000001 the absolute smallest demonimation or can fractions thereof be created if needed?

The miners will start getting transaction fees instead, and assuming that the growth of bitcoin continues, there will be millions of transactions so it will be as profitable as it is right now.

*continue to get


Miners already collect tx fees right now..and will continue to do so until the last block is mined. After the last block is created they will mine for the tx fees only and we hope that will still be profitable enough for the miners to continue to support the network.

1 satoshi or 100 millionth(.00000001) of a bitcoin is the smallest amount supported by the protocol as of now. With consensus this could be modified if needed in the future but there is no need atm it seems. .00000001BTC=$0.0001722 today...when 1 sat=$.01 we might need to start thinking about this.

[MJunioR]

Miners will start to get only taxes base to mine, this shouldn't mean too much for us now but when it happens miners importance will be sky high to keep the value of the coin the way is it.

[cynical]

Well the last coin is supposed to be mined sometime in 2140 an I'm fairly certain that bitcoin will not be around by then. Who knows what sort of world we will be living in, in 2140. So whenever this question is asked, my go-to response is that it's useless to think about it, since no one knows what 2140 will be like.

Very good response!
it is useless to think about it but yes as mentioned the mining which may be different to now will be fee based.
actually think about the computing power which will be available in 2140 ...
hopefully bitcoin transactions will grow in tandem so there will still be an "unconfirmed transactions" list for them to deal with  

[Stac]

when all 21 million coins are mined due to high demand of bitcoins in the crypto currency market there is high chance for the bitcoins to increase its value ten thousand times more than the current bitcoin price as more bitcoin user's are entering the bitcoin community every day. The price will still keep on increasing as the word of bitcoins are reaching far and wide which is one of the main reason for the new entrants in the bitcoin market.

[kiboloves]

All the people now in the forum don't know what will happen after the BTC is mined. That will be the next century. However, when there is no end of mining, there will be other coins or other block chain technology instead of bitcoin, which I think is very possible. If bitcoin has been speeding up and has more forks, it may not be over for a few years.

[gottabit]

What will be the state of Bitcoin after all coins are mined?  Even before that what happens to miners as it gets close to the final mint?  Is one 1 Satoshi, 00000001 the absolute smallest demonimation or can fractions thereof be created if needed?

That question has been answered at least 21 million times (Google says 641,000,000 results). You must have seen it answered already.

Rather than answering it again, here is a link: http://lmgtfy.com/?q=What+Happens+After+21+Million+Coins+Mined

Of course I google searched.  I was hoping to get more feedback regarding getting close to the 21 million, prior to the finality of the mint.  At 20 million I assume many miners will drop out and only a select few will continue. 

[Irvinn]

When all 21 million bitcoins are mined, and this is supposed to happen in 2140, bitcoin will practically become a storehouse of value. Of course, a certain number of transactions will occur regularly and at the expense of this the miners will work. Another part of them will switch to other coins. By that time, there will be many branches of bitcoins, in which the number of ion exchanges will exceed much more than 21 million. However, no one can tell exactly what will be bitokoyn in 2140.

[xiboothrezi]

many questions like this. well, once the bitcoin has been mined, the miners will still get the transaction fee. but, it still takes a long time. rather than thinking about it, we better maximize today to get profit.

[NorrisK]

That time will be very far from now. Adjustments to the protocol will almost be certain by then.

In addition, the transaction fees will more than likely be sufficient to cover the mining costs.

[daarul50]

I think if bitcoin is fully mined then maybe the miners will switch to mine other coins such as ethereum, ethereum classic, siacoin, zcash, monero, pascal, electroneum, and others. Because even if they have invested by buying a mining tool and obviously they will use the tool in order to continue to work and produce something.