Adam_Smith
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January 15, 2018, 08:52:45 PM |
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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.
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Coleson31
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January 16, 2018, 12:03:31 PM |
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I think mining will never stop nor depleted. People will just look for another mine site if ever. It a never ending cycle here at crypto world.
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000JC88
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January 16, 2018, 12:17:29 PM |
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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 ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? 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 ! POW mining has to stop because is cancer for the planet , so much wasted energy for nothing!
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skelethon
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January 16, 2018, 12:19:07 PM |
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I doubt it'll ever stop mining, since people always look for a way to one-up others and gain some extra money but I do think the amount of people mining will decrease in the future.
Especially if some governments start getting into the mining scene as well, kinda hard to compete with that.
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lutcor
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January 16, 2018, 12:24:17 PM |
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Much has already been said here that mining will never stop and I, too, have to accept this fact, so I also think that mining can not die, for one simple reason, as long as the Crypto currency is used, POW mining will exist.
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kristensoto
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January 16, 2018, 01:53:12 PM |
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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 ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? 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 ! mining can never be stopped because first there are many coins on the market that so worthy for us to mine, however in bitcoin case, its total supply is just 21 million, so when we have mined all 21 million bitcoin, there wont be any bitcoin to mine, so the other way is to mine altcoins or mine bitcoin transaction fee.
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valnd
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Until the end of time
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January 16, 2018, 01:55:59 PM |
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Yeah sure. New tech will soon replace mining as we have seen with many recent project. mining consumes more power and resources
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royale143
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January 16, 2018, 02:09:19 PM Last edit: January 16, 2018, 02:31:17 PM by royale143 |
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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 ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? 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 there is always that chance for that to happen. Mining is the process of earning bitcoin through the web, by solving different internet logarithms, you can generate a quantity of bitcoin. However, it has been said in many articles that the more bitcoins going around and about the market circulating, the more difficult it becomes to mine. Therefore, using that premise, I think there are three instances that could actually stop mining. First, is when the market cap is reached, which would happen but not in the near future since 21M is still a big value to fill. The other is if most, if not, all miners would see mining as a non-profitable, or worse, losing means of getting bitcoin, and so, all miners would be forced to stop. Lastly, if a government bans all bitcoin mining activity, then that would be a reason to stop mining as well.
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lutcor
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January 17, 2018, 04:54:55 PM |
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At such rates, I think that mining will not be completely eliminated, because today tokens that are traded on the market are very cheap, it's more expensive to burn electricity to create or as a friend say the extraction of these tokens, so when the market in such a situation I think mining is not liquidated
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healthbase_digital
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January 17, 2018, 05:21:31 PM |
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Mining will not stop although it may change in nature. When the cap of certain coins are reached then miners will get paid by transaction fees.
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wordspavovv
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January 17, 2018, 05:23:00 PM |
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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 ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? 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, because it's a joke! Is not reasonable to burn so huge amounts of energy when PoS is better and Hashgraph is safer. Coins with PoW must evolve or die.
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billykannithi
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January 17, 2018, 05:32:36 PM |
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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 ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? 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 ! it is easy to know mining bitcoin or any other coins on the market will not stop, at least for a very long time, there are still many coins on the market to mine, so if 21 million of bitcoin is mined, we can change to mining bitcoin transactions fee, or mine another cryptocurrency.
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boyshx
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January 17, 2018, 05:51:10 PM |
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Mining will not stop until there are coins playing in the cryptocurrency market. If whole bitcoin currency get consumed by its miners and investors. Then people/ investors will shift their investing to some other coins i.e Altcoins . There are more than 1000 altcoins get introduced in market since 2009. Many banks are planning to bring their own altcoins. So there is no end to mining business/ industry.Just you have to shift or change yourself according to business directions. It is always said live your money not your investments.
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cryptotsunami
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January 17, 2018, 05:52:49 PM |
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No it will not stop because it is one of good reward system or incentive to maintain the blockchain network.
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unsquidly
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January 17, 2018, 06:01:50 PM |
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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.
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xenomorphe1
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January 17, 2018, 06:04:38 PM |
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It won't stop. Look at IXCoin, the first fork of Bitcoin. The mining is completed. I don't know if there is miners of this coin, but i suppose yes as the coin is still alive.
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imunk
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January 17, 2018, 06:19:14 PM |
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I think mining will never stopped ever if the crypto coin still around and if some coin at it's limit investor will invest in other crypto coin and may if some leading crypto coin going down investment will back to inves to the firs crypto coin
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NLO
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MenaPay - Crypto made easier than cash
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January 17, 2018, 06:43:38 PM |
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if bitcoin is all extracted, it does not mean that it will disappear from the crypto currency market, but only that it will become less valuable
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qtronix
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January 17, 2018, 07:19:46 PM |
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The production of bitcoin should cease, because its limited number. But what about the remaining cryptocurrency, it is unlikely that production will stop, the extraction of one will end - the extraction of another will begin, and so on until it is actual.
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nrvasquez
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January 17, 2018, 07:39:11 PM |
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I've seen similar questions, the possibility to stop mining is very small, there are some people who predict that it will end in the next few decades, but if that happens, maybe the miners will make some new breakthroughs, so the minng will keep going
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