audifragos (OP)
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Merit: 0
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January 09, 2018, 10:36:07 AM |
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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 ! |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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ethereumhunter
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January 09, 2018, 10:41:43 AM |
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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. |
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Vik_the_Carpentner
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Cryptocurrency Wallet - Denaro.io
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January 09, 2018, 10:45:14 AM |
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I don't believe we'll see the days when mining will stop. The crypto currency will fade away much earlier than this thing would happened.
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bigvito19
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January 09, 2018, 10:47:53 AM |
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it won't stop
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FireShark89
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Activity: 85
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January 09, 2018, 10:49:23 AM |
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even if all Bitcoins have been mined, miners still need to keep running to confirm transactions. This time, their rewards will be entirely based on transaction fees instead of bitcoin from newly formed blocks.
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Guerrix
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January 09, 2018, 10:50:08 AM |
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Mining wont stop!!!
But change in the mining products,... probably.
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stan_
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Blockchain Pensions Infrastructure
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January 09, 2018, 10:52:50 AM
Last edit: January 09, 2018, 11:16:29 AM by stan_ |
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I think no mining will never stop while cryptomoney is on top.Because its very profitable, when will be mined all coins still need to mine transactions!
Regards
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masterzino
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January 09, 2018, 10:55:33 AM |
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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 ! Simple answers are: 1. No, mining is constantly adjusting activity. 2. I don't think we will be alive to see it. But miners will profit from fees instead of block reward. |
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Kolokoy
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Activity: 196
Merit: 50
OMNI TOKEN PLATFORM FOR PAYMENTS
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January 09, 2018, 10:56:16 AM |
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Mining will never stop because it is the responsible for the ledger transactions and verification. Mining is the only way Bitcoin and Altcoins will maintain their network scalability and information accuracy.
There is no way mining to be stopped because Bitcoin network will be dead without miners.
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Novgabby
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January 09, 2018, 11:11:04 AM |
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It wouldnt. Unless bitcoin also stop.
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carlowell
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Presale Starting May 1st
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January 09, 2018, 11:14:59 AM |
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With out miners, there will be nothing to trade. Mining and internet are the heart and brain of crypto currency, those two are the basic needs of crypto to survive. If so happens that the limit is reached, you can still continue mining on other altcoins. New coins are coming out our way and miners can still continue digging us some coins.
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VitKoyn
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January 09, 2018, 11:27:40 AM |
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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 ! 1. People will not stop mining cryptocurrencies unless none of them are profitable to mine anymore. 2. Do you mean if the last coin has been mined? if that happens for example with Bitcoin, if the last Bitcoin have been mined, mining is will still continue but miners will now need to rely on transaction fees as there are no more block rewards that will be given to them, and the big question there is, is transaction fees on that time is enough for miners to make profit from mining Bitcoin? We still don't know. If not profitable anymore then it is more likely that most of that miners will switch to mine other cryptocurrency but it is too far to happen since the last Bitcoin will be mined approximately in year of 2140. |
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coinmgnet
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January 09, 2018, 11:29:37 AM |
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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 ! 1 - for the big fish out there, mining will never stop, they got in early and now they are making great profits. 2 - miners will be paid with the fees paid by the people that make transactions |
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Gandalphlegrand
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January 09, 2018, 11:41:56 AM |
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I think mining is old and takes too much energy, just like focile fuel it will soon be thing of the past. Alot of new coins are pre-mined or simply dont need any mining.  |
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Kolokoy
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OMNI TOKEN PLATFORM FOR PAYMENTS
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January 09, 2018, 11:44:12 AM |
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21st Million Bitcoin when all fully circulated will happen somewhere year 2140, it means it is beyond of our lifetime so since today until we grow old and before we die there's still Bitcoin or Altcoin miners so that's what is all about.
Miners are the responsible for the blockchain of transaction ledgers so it won't stopped until nobody's using cryptocurrency.
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CryptoNews1
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January 09, 2018, 11:46:09 AM |
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Unless all governments bann it.. than no
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Lancusters
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January 09, 2018, 11:50:01 AM |
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21 million is the limit of the number of coins bitcoins. There are many other cryptocurrencies, which constantly appear and disappear. Many of them have no restrictions on quantity. For the miners will work always. You only need to diversify their risks and not focus on mining only one coin.
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jam22
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January 09, 2018, 11:53:56 AM |
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I don't think so, miners also don't want to stop cause they are earning also.
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Muzychuk
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January 09, 2018, 11:54:38 AM |
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Mining of bitcoin will stop in about 120 years...)
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Kolokoy
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OMNI TOKEN PLATFORM FOR PAYMENTS
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January 09, 2018, 11:57:50 AM |
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I think mining is old and takes too much energy, just like focile fuel it will soon be thing of the past. Alot of new coins are pre-mined or simply dont need any mining. It's because Bitcoin is decentralized, no one or any organization can get Bitcoin out of the deepest earth core stack, that means only miners can get new Bitcoin's in order for them to mine continuously. They awarded new Bitcoin's for their hardwork for processing all ledgers at a time. Indeed mining requires much speed and power that's costs too much energy and the concept is the same with actual mining that requires to much resources and efforts to get handful of gems out from earth's core. Mining has been there since Bitcoin started to circulate. |
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