$$$sparkles$$$
|
|
June 12, 2018, 11:25:51 PM |
|
1 - will mining will ever stop ? The only time mining will stop is if there is nothing left to mine. Meaning, if all supplies has been exhausted. But of course, there will always be new currencies coming out from time to time. So if you'll think about it, mining will not stop. Unless, the whole crypto system has been shutdown by someone or something...knock on woods!!!
|
|
|
|
|
|
|
|
|
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
Darknight31
|
|
June 12, 2018, 11:30:48 PM |
|
Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers . 1 - will mining will ever stop ? 2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ? thank you ! I think mining will never stop as long as there are any coins that could be mining and if the supply reaches the limits, then we can move to another coin that will give us a profit. I am sure that there are many coins that we can mine and the price for each coin will increase and if we are saving a lot of coin from mining, then I think our profit will be big. they will win the money if they can save their coins and only wait until the price increases high. I believe that miniig is part of the ecosystem of all type of cryptocurreny which included in the cycle of transaction in terms of blockchain technology. And we all know that mining us one of the major factor for the price of Bitcoin to either improve or stabilize dealing with stock and demand.
|
|
|
|
booboom465
Newbie
Offline
Activity: 92
Merit: 0
|
|
June 13, 2018, 01:33:33 PM |
|
Mining must go on to make sure transactions can still be carried out, but the rewards for the miners might become very low as it will only come from the transaction fees.
|
|
|
|
jayendo
Member
Offline
Activity: 392
Merit: 10
|
|
June 15, 2018, 09:03:42 AM |
|
In principle, in the future, mining may end. Because the total number of coins that will not be obtained in this way will grow because of too much electricity and resources.
|
|
|
|
hanomnom
Member
Offline
Activity: 294
Merit: 11
|
|
June 15, 2018, 09:11:15 AM |
|
Maybe someday it will stop, but obviously not in the near future. It is possible that ETh will be able to achieve conversion to POS, but it is still far from that.
|
|
|
|
chankyleer
Newbie
Offline
Activity: 70
Merit: 0
|
|
June 16, 2018, 05:04:02 AM |
|
Never minig does not stop, otherwise all the crypto industry will become. Even if all coins are mined, the minigan will continue to be paid to the commission holders.
|
|
|
|
Matilda
|
|
June 16, 2018, 06:40:30 AM |
|
As long as the encryption market exists, mining will never stop. Of course, people will choose to dig for more profitable and developing potential coins.
|
|
|
|
churaCull
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 16, 2018, 02:15:48 PM |
|
Already was here - POS. Next generation of mining(not correct at all, but simple to understand ). Mining will not die. If everyone will decide to turn their rigs off - I will join, I promise, I will confirm all transactions
|
|
|
|
lalatao73
Newbie
Offline
Activity: 38
Merit: 0
|
|
June 17, 2018, 04:38:46 AM |
|
I think one day it will stop. It will be like in the ordinary world, when 80% of the wealth will be in 5%. Even now, corporations that produce video cards and PC components earn on their own more than 80% of the profits of all miners.
|
|
|
|
benjamin11
Member
Offline
Activity: 406
Merit: 10
|
|
June 17, 2018, 04:46:32 AM |
|
I think mining will never stop. As long as there are cryptos to mine and people who have the capital, mining will always continue to exist. The mining fee might also be one of the factor that might contribute to stop mining. Electricity and other expenses must also be considered. Personally, I like mining because you can earn crypto with just a computer.
|
|
|
|
lehnelora
|
|
June 17, 2018, 04:51:38 AM |
|
Mine I think it is also very important if you are able to do it and was capable of having a tool that able to support for mining. I believe cryptocurrency has not yet reached its peak because it is still a lot of potentials that can still be developed and constantly experiencing growth. And will make people believe that Crypto is the future of digital cash is best.
|
|
|
|
donieahmad
Newbie
Offline
Activity: 135
Merit: 0
|
|
June 17, 2018, 04:52:28 AM |
|
I think mining will go on as long as the market does not die and Crypto keeps going.
|
|
|
|
vincentong17
Member
Offline
Activity: 266
Merit: 17
|
|
June 17, 2018, 08:32:39 AM |
|
If we don't have miners how will bitcoin survive and that's the protocol that design to bitcoin Proof of works, Eventually all altcoins are dependable on bitcoin price so as far as i know it will go on there's alot of miners around the world.
|
|
|
|
churaCull
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 17, 2018, 08:50:12 AM |
|
If we don't have miners how will bitcoin survive...
If we will TOTALLY have no miners - yes, bitcoin will no longer exist(or there will be all unconfirmed transactions, yes, disappear it is incorrect). But I should mention that the difficulty is being recalculated with certain timeframes, and if 99% of miners will leave, 1% will remain and become 100% from this time, and the network will be ok
|
|
|
|
Astrilian
Full Member
Offline
Activity: 350
Merit: 112
Ecosystem for Fundraising DAOs — ICOs 2.0
|
|
June 17, 2018, 09:00:24 AM |
|
Rather than stopping from one day to the next, it is likely to be a shift from retail miners to professional miners, which is unfortunate as this will create more centralzation
|
|
|
|
aundroid
Legendary
Offline
Activity: 1232
Merit: 1247
|
|
June 17, 2018, 09:38:10 AM Last edit: June 22, 2018, 01:02:17 PM by aundroid |
|
Don't think mining will stop in the next few years. First lets see what happens when eth switches to pos. if this happens someday At the moment POW has some advantages over POS but this could change in the future. Regarding btc mining: > in 2032 the reward will be less than 1 btc > in 2140 the reward will be 0 / miners will then only receive transaction fees So NO bitcoin mining won't stop in the near future
|
►►► MY TOPICS ◄◄◄ ➤ Blockchain Basics - FAQ DE ➤ [Guide] Protect your Crypto: Security tips for your home computer & network DE | EN ➤ Crypto SCAM - HowTo protect yourself EN ➤ [CHECKLISTE] zur Bewertung von ICOs DE ➤ [Overview] Exchanges, IEOs and their ROIs DE | EN ➤ [Howto] Use Ledger Nano as Security Key DE | EN ➤ [OVERVIEW] Recommended Crypto Telegram Bots DE | EN ➤ [Overview] GUI Miner DE | EN ➤ Activity, Merit und Ranganforderungen im Forum DE ➤ Alternativen zu Piggy's Notification Bot DE ➤ [Howto] Give Bitcoin as a gift DE | EN
|
|
|
Enzos
Member
Offline
Activity: 294
Merit: 10
|
|
June 17, 2018, 09:40:02 AM |
|
This is a humorous question. Mining will never stop. How did you stop trading? Mining belongs only to big capitalists. You can rest assured that mining will not stop. Because computers need them.
|
|
|
|
red4slash
|
|
June 17, 2018, 09:44:40 AM |
|
I think as long as there is still a cryptocurrency that can be in mining, a miner will not run out of sources of income. maybe they will move the coin in the mining if the total supply of coins in the previous mine is up. and look for other crypto that still has a lot of supply
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
|
|
|
ethereumhunter
|
|
June 17, 2018, 02:14:45 PM |
|
I think as long as there is still a cryptocurrency that can be in mining, a miner will not run out of sources of income. maybe they will move the coin in the mining if the total supply of coins in the previous mine is up. and look for other crypto that still has a lot of supply
I agree with you. besides that, I think we have many option coin for mining so it will not stop for a long time. there will be many new coins that can be mining and the cryptocurrency technology will develop more algorithm in the future and the mining hardware will grow too. I am sure that in the future, the mining technology will change too like the cryptocurrency that still grow fast and change to the better technologies.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Nagrogflaz
Member
Offline
Activity: 294
Merit: 11
|
|
June 17, 2018, 02:20:24 PM |
|
to get coins there are many ways such as mining coins and coins earned usually more and faster for that we will worry if the coins reach the limit faster but I think it will not happen because the investment is not limited and mining will continue to be done as long as it is profitable
|
|
|
|
|