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Author Topic: Will mining will ever stop ?  (Read 4815 times)
Euroda
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January 09, 2018, 03:07:53 PM
 #41

no i wont stop because there are a lot of bitcoin, ethereum or other currency that really need demand so they do mining so they can get bitcoin by mining the gpu

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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.
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mpufatzis
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January 11, 2018, 07:09:21 AM
 #42

As long as the power cost is less than the daily profit the miners will continue their work.
That means that when the mining difficulty increases the value of the coin should be increasing too.
The miners are also gaining money confirming the transactions. In the future, it is expected that the percentage of the fee gains will be increased. When the limit is reached the miners will continue to confirm the transactions and get money from there.
Apeshifter42
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January 11, 2018, 07:11:51 AM
 #43

Hello, the mining will never stop. It should not stop I guess, or all the transactions will not be confirmed. No transaction will be processed if the miners stops from mining.
Anniee123
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January 11, 2018, 07:12:52 AM
 #44

I think the POS mechanism and the POW mechanism will eventually be unified, and the mining mechanism will be cancelled because there is no point in wasting resources.

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buhna
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January 11, 2018, 07:20:11 AM
 #45

It seems to me that they can improve the blocks, make some kind of superstructure. Otherwise, the currency will only go up, it's not for nothing that bitcoin is compared to gold. Even called "digital gold". Because it has a limit. And what about eth - is it also finite? In any case, before this process is still far, the miners will have time to earn more. And if they still keep their coins, they can become even more expensive. Of course, we do not have the same conditions as the first miners. But we are still at the very beginning of the development of crypto currencies. It is necessary to use the moment!

trash321
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January 11, 2018, 07:21:52 AM
 #46

I think that this process will never stop until POW dies. After all, in order for everything to work it is necessary to make mining, and for this, of course, the miners are tedious, that's why I think that the mining will continue for a long time.
kipozer
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January 11, 2018, 07:50:10 AM
 #47

I also do not think that mining will ever end, because there are so many coins that in turn need miners in order for their transactions to move in the necessary way. Therefore, mining will not die, but shrink.
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January 11, 2018, 07:54:42 AM
 #48

Mining can never stop being in existence. It will be here for a very long time because there are new coins coming into existence; they need to be mined and the already established coins also need to be produced more just like in the case of Gold. And moreover, no matter how high the value of Bitcoin or Ethereum can be, it will never surpass fiat money. Fiat money is accepted worldwide, bitcoin is not.
Moiyah
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January 11, 2018, 08:13:40 AM
 #49

It will not stop but once all the bitcoins are mined, transaction fees will become the income of miners.
However, if let's say it will stop, transactions will also stop since confirmation is done by miners. That's basic.
sofi@
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January 11, 2018, 08:32:46 AM
 #50

I think mining will probably not stop because after hitting the maximum supply of a certain coin mining can divert to other coins and since a lot of new coins were introduce in the market mining will continue. The moment a coin reaches it's maximum supply the value of coin will go higher and higher as the demand continue to grow because the supply needs to be distributed equally in the market.

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January 11, 2018, 09:41:05 AM
 #51

i dont think too minning will stop. i think  it is always contiune. because crypto companies earning good money beause of minning
Amilhussin24
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January 11, 2018, 09:51:00 AM
 #52

In my own understanding, mining is important in crypto currency, it is basically solving mathematical problem in any transactions in crypro currency. It has always mining, because if there is a crypto currency, there is always miners.
Nana_Marini
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January 11, 2018, 09:53:55 AM
 #53

Sure, I think minning ever stop. I suggest that if any coins rising the minning always have been progress. Minning will be stop if the cryptocurrencies is dead Smiley
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January 11, 2018, 09:55:52 AM
 #54

Mining has long term potential even if some of the coins stop proof of mining model you can always switch to other coins, so it will continue:

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rcoins0720
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January 11, 2018, 10:02:21 AM
 #55

I am also wondering what will happen if no one will mine bitcoin.
but I think NO one would because it is the way to keep the block chain active. and the way that it is a win win for miners because they get paid hehe.
second answer I think if it reaches the limit of like bitcoin 12m It will be more expensive and will rise upon reaching the cap because coins will get more rarer after that
JaneizBlutt
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January 11, 2018, 10:17:47 AM
 #56

Mining will have to stop soon because no machine can handle the diff rate keep increase.
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January 11, 2018, 11:27:44 AM
 #57

It stops when everyone who is mining will stop and it is not possible as of now .. Smiley
max6575
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January 11, 2018, 01:53:17 PM
 #58

as developer to work on relying use of switches with the algorithm as referring function as generating hash with the dedication, the use to offers of customs as might miner to put of decision as the limit on possession to work with the backup on supports as authorizing resource,
to collects with the relatives on returns and goes with the terms with the absence on timelines with the mining projects.



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January 11, 2018, 03:28:12 PM
 #59

I think that there should be no doubt about the crypt and mining. the influence,that coins already have made on the world economy is very significant! Mining will not stop, only coins will change and the complexity of the calculations.
bitcoinvamp
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January 11, 2018, 03:35:01 PM
 #60

Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers .

1 - will mining will ever stop Huh?

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 !

As a matter of fact mining will never stop until there is a complete shut down of the cryptocurrenies (i mean each and every crypto coins). If in coming years bitcoin reaches its limit then the miners would find other altcoins to mine where they could find profit. Mining is the root of generation of crypto coins so if the cryptocurrencies will survive so will the mining as simple as that.
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