Bitcoin Forum
May 04, 2024, 01:46:27 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 »
  Print  
Author Topic: Will mining will ever stop ?  (Read 4815 times)
paxaway21
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
January 11, 2018, 03:39:06 PM
 #61

I think it's not going to end because of the very high values ​​of today like eth too much in ethics so it's good to hold and mine in eth and I think in the next few months eth price will be higher
1714830387
Hero Member
*
Offline Offline

Posts: 1714830387

View Profile Personal Message (Offline)

Ignore
1714830387
Reply with quote  #2

1714830387
Report to moderator
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714830387
Hero Member
*
Offline Offline

Posts: 1714830387

View Profile Personal Message (Offline)

Ignore
1714830387
Reply with quote  #2

1714830387
Report to moderator
1714830387
Hero Member
*
Offline Offline

Posts: 1714830387

View Profile Personal Message (Offline)

Ignore
1714830387
Reply with quote  #2

1714830387
Report to moderator
1714830387
Hero Member
*
Offline Offline

Posts: 1714830387

View Profile Personal Message (Offline)

Ignore
1714830387
Reply with quote  #2

1714830387
Report to moderator
trash321
Full Member
***
Offline Offline

Activity: 602
Merit: 100



View Profile
January 12, 2018, 07:10:16 AM
 #62

I said earlier that mining will not die, but if in general to look at the situation, then every day the complexity of those or other projects that require the power of the miner can not be mined, or it simply is no longer profitable, so the whole crowd of miners just flows over other projects, but they may end
Idrisu
Sr. Member
****
Offline Offline

Activity: 924
Merit: 260



View Profile
January 12, 2018, 07:20:42 AM
 #63

Mining will never stop and still ever remain as far as Internet remain. New coins are coming out every days and I think outside bitcoin and ethereum there are other coin that is doing very well. I have no interest in mining because I have little knowledge on how mining work.
zhangcaisbsbn55
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
January 12, 2018, 07:23:29 AM
 #64

I think mining will never stop because there will slao have some new coins come into being. As long as there are coins, there will be mining all the time. When the coin reach its limit, something new will appear and there are more thing to do.

vv181
Legendary
*
Offline Offline

Activity: 1932
Merit: 1273


View Profile
January 12, 2018, 07:25:07 AM
 #65

I said earlier that mining will not die, but if in general to look at the situation, then every day the complexity of those or other projects that require the power of the miner can not be mined, or it simply is no longer profitable, so the whole crowd of miners just flows over other projects, but they may end
Year by year the mining difficulty increased, so does the power needed to run the miners. We know that even the Bitcoin mining power is really dirty. the Co2 emissions from Bitcoin are tremendous. I believe once there is a better technology, many people will lose interest in mining.
Kingofbitcoin12345
Full Member
***
Offline Offline

Activity: 462
Merit: 102



View Profile
January 12, 2018, 07:29:07 AM
 #66

Mining will constantly working as long as there’s a created coin everytime.. It won’t be stop because it’s out of bitcoins to mine because alternative coins are available also for that purpose and even more efficient and effective in some reason.. I’m planning to build one of my own when money or capital is reach for that..

____________yahoo62278 CAMPAIGN MANAGER________  ◥◥  The Best & Most Popular Manager  ◤◤  ____________
ICO Manager          Bounty Manager          Signature Campaign Manager          Twitter Campaign Manager
█████████████████████████   ADD "yahoo62278" on Telegram & Skype   █████████████████████████
Lerikaweb
Member
**
Offline Offline

Activity: 392
Merit: 12

The Fourth Generation of Blockchain in DeFi


View Profile
January 12, 2018, 07:36:56 AM
 #67

Mining of popular  coins will come to its logical end one day. The next day they will grow Sky high.  But new alts are created every days and people will be mining them.

DRK Defi| The Fourth Generation Of Blockchain In Decentralized Finance
────── The Epicenter of the DeFi Ecosystem ──────
WebsiteDraken ExchangeDrakenXTelegramTwitterFacebook
captin crunch
Sr. Member
****
Offline Offline

Activity: 630
Merit: 253



View Profile
January 12, 2018, 07:43:06 AM
 #68

It will not stop in nearest future. If some currencies will be fully mined, there will be other coins to mine. And those mined coins will have more price.

iamMhew
Full Member
***
Offline Offline

Activity: 688
Merit: 101



View Profile
January 12, 2018, 08:01:21 AM
 #69

first, mining is never stop because of the demand vs supply. like the price of each coins in their own blockchain will totally never stop too.
second, dont bother of what will happen if miners reached its maximum supply of each coins because im sure you are not in here if that happen, it takes hundred years before they totally mined all of that supply into maximun limit. then the continuation of that coins is ( we dont know ) because we are all dead at that time.
loalvin
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
January 12, 2018, 08:10:22 AM
 #70

Mining in BTC will eventually stop, as it has been built to do that. Eventually they will stop giving any rewards for it, in a couple of years that was always the idea, if they dont do tha it will be the same as any other currecny in wich they keep printing more to cope with the market.

renes
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250


View Profile
January 12, 2018, 08:40:12 AM
 #71

I think it is about profit, if mining of a coin is no longer profitable then no one want to mine it at a loss. For bitcoin we may see this in the future.
Texacha
Member
**
Offline Offline

Activity: 480
Merit: 68


View Profile
January 12, 2018, 08:44:39 AM
 #72

If you think amateur home-mining, IMO it wouldn't last long. Really big players gonna jump in, they will have much better efficiency, so small players would be out of the game. We (small miners) have maybe few years max before that happens.

I have no affiliate link, no bounty, no signature campaign... Only Proof Of Work!
Azzhan
Member
**
Offline Offline

Activity: 210
Merit: 10


View Profile
January 12, 2018, 08:45:11 AM
 #73

I will stop mining because the mining is meaningless and just a waste of energy, so this is the difference between the POS mechanism and the POW mechanism, and I prefer the way of saving energy.

DCC│Distributed Credit Chain
    Empower Credit, Enable Finance   
GithubFacebookMedium ‹‹‹dcc.finance››› RedditTwitterTelegram
albertcrypto110
Jr. Member
*
Offline Offline

Activity: 140
Merit: 1


View Profile
January 12, 2018, 08:48:48 AM
 #74

ETH has some cool technological advantages, like the option to build your own cryptocurrency on top of the already existing network. I feel like the term "AWS but for blockchain" is quiet fitting.
If we compare it to games, it's like a game that has crazily good modsupport.
Also blocks are mined in 14s (hard coded, no matter how big the network is) instead of 8m, which provides a much faster network compared to BTC.
My crazy and dreamlike prediction is that at some point, people will be using ETH for all kinds of transactions without even knowing what it is.
Butchick
Full Member
***
Offline Offline

Activity: 392
Merit: 101


dApps Development Automation Platform


View Profile
January 12, 2018, 08:52:56 AM
 #75

Anlot of people are beginning to engage in mining since they can profit more from it. As the months go by and as bitcoin and other crypto currencies become more and more popular, the number of people or groups engaging in mining increases and this activity will never stop. This activity will continue so long as there are still available  bitcoins and altcoins waiting to be mined.

Tuare aget
Member
**
Offline Offline

Activity: 210
Merit: 10


View Profile
January 12, 2018, 08:57:15 AM
 #76

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 !


Yes they will win much money because the price will increase so much when more demand coming the supply is constant.
The mining also will stop when it reach the maximum supply.
Julia1992
Full Member
***
Offline Offline

Activity: 518
Merit: 102



View Profile
January 12, 2018, 09:09:50 AM
 #77

I, too, believe that the crypto world will not collapse, it is just getting rooted, it seems to me that the future is behind the crypt...

CTO@MyBitMine
Sr. Member
****
Offline Offline

Activity: 796
Merit: 251



View Profile
January 12, 2018, 09:15:09 AM
 #78

I think It wont stop for next two years or more. However mining probably will be less profitable then now. I believe in words of Vitalik Buterin, only two years and no more.
gestknpa
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
January 12, 2018, 09:17:40 AM
 #79

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 !

I think your second question is not necessary, because our Internet technology is also developing.
Usui-Chan
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
January 12, 2018, 09:36:08 AM
 #80

Mining will not ever stop unless the use of cryptocurrencies stops, transactions in the crypto world are real because of these miners, without them, you would not have your bounty token or whatever you have that you gained from crypto. I do not claim perfect knowledge but we really need miners for our transactions, and that is why they are here.
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!