What Happens After 21 Million Coins Mined?

[Glorypaasa]

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?

I think if the 21 million supply of bitcoin will already mined? Maybe the fees in mining become too big and i think the value of bitcoin goes up to the highest price because the demand will go high so we need to expect that the value of bitcoin will go increase more and more.

[setifien19]

What will be the state of Bitcoin after all coins are mined? 

In case bitcoin survives till that time, no bitcoin to be created, but it will be used as it's a rare precious coin .

 Is one 1 Satoshi, 00000001 the absolute smallest demonimation or can fractions thereof be created if needed?

I think, their is a necessity to create smaller fragments of bitcoin since its price is progressively going up and up , because, at a specific time, 1 satoshi will be significantly worthy

[Lump]

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?

From my understanding, we are kind of seeing it right now. While new Bitcoin can be mined, it seems to be a slow complicated process. I'm not sure of how accurate the snapshots are, but essentially, the Bitcoin continues to sell, regardless of whether or not new ones are keeping pace. They are already selling them in fractions, which is why their value has gone up.

One would assume, that if someone suddenly dropped the remaining Bitcoin into the market, it would drive down the value of every Bitcoin to adjust. Eventually, the market would adjust the value according to the remaining traders, and would continue to be traded in fractions. The slow process of mining them is probably intended to help provide stability as the total number is produced. Since it is digital, it can be divided infinitely into fractions and adjust appropriately, at least in theory.

What makes it complicated, is that we think of this in terms of real money value. Bitcoin wasn't really made to hold monetary value in another form of currency. Instead, it seems it was created in order to offer an alternative to fiat currencies created and controlled by governments. The value of Bitcoin is only affected by those willing to trade and recognize it.

[FrozenByte]

After all of the Bitcoins are mined, they will probably be split up. By how much they are split up depends on how much each coin is worth at the time.

[wadili89]

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.

There is more then 100 years when the last bitcoin will be mined so probably the current tools to mine bitcoin will be dead and will be antique and their current owners will not be anymore in this world, the correct answer is we don't know what will happen when 21 million coins are mined but there is one guess, the price will be a lot higher.

[oaz7t]

This definitely wont happen anytime soon and probably bitcoin might not even be there by then
The price of bitcoin is too high and mining 21 million of them is a very big thing
The miners would still receive money through the transaction fees

[Interrobangz67]

Since most coins have a cap, once all coins are mined, will the earnings of miners be dependent on the number of transactions? If so, I wonder what will happen to less popular coins when the time comes.

[Jltan]

As unmined bitcoins get lesser, the difficulty and the time needed to mine gets higher. So unless technolgy advances on par with the speed of mining, then we will see the end soon. Otherwise, years or even decades more will be needed.
Even after that, miners will not decrease as the earnings from transaction fees alone is good enough to keep them going. We all know the number of people who knows and use bitcoin and it will just increase as rapidly as it used to.

[odolvlobo]

As unmined bitcoins get lesser, the difficulty and the time needed to mine gets higher. So unless technolgy advances on par with the speed of mining, then we will see the end soon. Otherwise, years or even decades more will be needed.

That is not how it works. The production of new bitcoins is on a fixed schedule. It doesn't matter how many miners there are or how good the technology is. Please read this: https://en.bitcoin.it/wiki/Controlled_supply

[daarul50]

Bitcoin conditions may be determined by crypto market conditions, in case of a decline in bitcoin market cap then most likely after all mined bitcoin, the price will decrease. But, if the market conditions are still good then there are two possibilities that can happen to bitcoin that is stable and increasing prices if the bitcoin enthusiasts get higher. I hope the second option will happen if the bitcoin is completely mined.