Bitcoin Forum
November 08, 2024, 07:32:23 PM *
News: Latest Bitcoin Core release: 28.0 [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 4838 times)
LastRolling
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
January 25, 2018, 04:47:56 PM
 #161

I don’t think so since the concept of mining in cryptocurrency is very vital. Many investor get touch with it so it’s hard to tell when it will stop.
neuer111
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
January 25, 2018, 04:51:26 PM
 #162

It won't! Some alts do not have limit, so you can mine them forever. Others having limited amount will end, but not very soon. Additionally, new alts get produced regularly, so mining has come to stay "for a while"!   Wink
izanagi narukami
Legendary
*
Offline Offline

Activity: 2030
Merit: 1028



View Profile
January 25, 2018, 05:07:37 PM
 #163

Mining is used to verify transactions. If mining stops verifying stops and coin system won't work.
That is how it's work. ...

It's just mining become more difficult and less efficient so it's impossible to happen if mining activity will stop in the future.
If we see current market, mining activity become more fierce that means  cryptocurrency still on high demand for all people around the world

Smiley
ivanst776
Legendary
*
Offline Offline

Activity: 1540
Merit: 1003



View Profile
January 25, 2018, 05:18:57 PM
 #164

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 !


The 21 million bitcoin token was already mined. though there will still miners and try to mine bitcoin.
what are they mining if 21 million supplies was mined? miners are getting those transfer fee of bitcoin from wallet to wallet.
yes, only that! that's why mining bitcoin is getting lower and lower. though we cant take out those miners, once they are gone the transaction of bitcoin will be a big drama problem for everyone as miner keeps us alive and better transaction is their service.
ramgonzales
Jr. Member
*
Offline Offline

Activity: 162
Merit: 1


View Profile
January 25, 2018, 05:28:45 PM
 #165

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 !


To Answer:

1. I don't think mining will stop. Why? I believe that this process will continue to evolve over the years.

2. I think in this phase, they may still gain value. If say, like gold, we've maxed out the BTC limit, it will show limited supply which will cause in increase in its value.

[  EOT  ]      FIRST DECENTRALIZED GAME NETWORK        [  EOT  ]
MoneyCrafter
Member
**
Offline Offline

Activity: 224
Merit: 10


View Profile
January 25, 2018, 05:33:03 PM
 #166

Mining will continue till the time Bitcoin exist and BTC has an excellent future. Mining will not stop and it will just grow as demands in the crypto world grows.
valentinen39
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
January 25, 2018, 05:41:00 PM
 #167

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 !


Mining will never stop as long as cryptocurrency is circulating the market. There are different coins out there which we can be mined through transferring transaction and because of that mining will never stop because it was very profitable since the value of bitcoins is very high.
Benarand
Full Member
***
Offline Offline

Activity: 773
Merit: 100



View Profile
January 25, 2018, 05:53:42 PM
 #168

Relatively speaking, the mining will end when the last 21 000 000th coin is issued. This is the limit set by the program code, which is embedded in the crypto currency. Approximately this will happen in 2140. 
For 8 years of the existence of the coin, the number of people involved in mining is growing. And the trend does not reduce its turnover. Accordingly, it is impossible to speak objectively about when the bitcoins will be mined. According to current data, this day will not come soon, but the crypto-currency environment is changeable - maybe in a month there will be some incredible event that will simply kill prey.
DanWalker
Hero Member
*****
Offline Offline

Activity: 2100
Merit: 548


Vave.com - Crypto Casino


View Profile
January 25, 2018, 05:59:28 PM
 #169

According to some scientists, in 125 years the last bitcoin will be produced. Therefore I'm not worried about the fact that mining may stop. I certainly will not live so long to see this. Up to that time everything can change.

coinmgnet
Member
**
Offline Offline

Activity: 126
Merit: 10


View Profile
January 25, 2018, 06:01:11 PM
 #170

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 highly doubt anyone can stop mining. There are industries built around the concept of mining. But, to answer your questions
1. Never!
2. Miners will be paid directly with the fees.
CryptoMishka
Jr. Member
*
Offline Offline

Activity: 109
Merit: 4


View Profile
January 25, 2018, 06:02:06 PM
 #171

Apparently, mining will stop for bitcoin once 21,000,000 are mined. Then, only existing BTC will trade? Plenty of other cryptos.
yeah! and the price will so high! by the way when it happens? anybody Knows?
royalfestus
Hero Member
*****
Offline Offline

Activity: 2464
Merit: 519


View Profile
January 25, 2018, 06:44:20 PM
 #172

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 highly doubt anyone can stop mining. There are industries built around the concept of mining. But, to answer your questions
1. Never!
2. Miners will be paid directly with the fees.
Is not the question if it can be stopped but it will end soon. Mining will always be important more also with the blockchain transaction process. Its trading has more advantage than the mining but miners are still important to the cryptocurrency
jk9694
Full Member
***
Offline Offline

Activity: 274
Merit: 122


View Profile
January 25, 2018, 06:47:11 PM
 #173

in the near future the production will not end, the miners will earn on transactions, but in itself the essence of the crypto currency must always be modernized and we do not know what will happen in a year
Norihiro
Full Member
***
Offline Offline

Activity: 448
Merit: 102


APOLLOX Protocol


View Profile
January 25, 2018, 06:53:43 PM
 #174

The process is built so that mining never stops and the last coin is never earned; but the question itself is very interesting. When hundreds of years pass - what will really happen? Will be there any forks, 2.0 coins or just another coins? That's an open question in my opinion. But discussing it is interesting.

PERSISTENCE   //   BUY XPRT now!
●✦●───●✦●───  Protocol Powering Next-Gen Financial Products  ───●✦●───●✦●
│██ ██ ███ █████   DeFi    NFT    PoS  █████ ███ ██ ██│
kevinfox18
Newbie
*
Offline Offline

Activity: 280
Merit: 0


View Profile
January 25, 2018, 07:04:18 PM
 #175

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 !



Mining can never stop because its responsible for ledger transactions and verifications. Mining is the only way BTC and Altcoins can all maintain their network scalability, and also maintain information accuracy. So there is no way at all for mining to stop because Bitcoin network will certainly be dead without miners.
balrog
Member
**
Offline Offline

Activity: 448
Merit: 37


View Profile WWW
January 25, 2018, 07:25:47 PM
 #176

Bitcoin mining will continue , even when the last btc will be mined . In this case miners will support a functioning of blockchain and will be rewarded for this with a higher % from transaction fees.
MrSpasybo
Member
**
Offline Offline

Activity: 378
Merit: 19


View Profile
January 25, 2018, 07:38:11 PM
 #177

Mining can be stopped if all countries around the world forbids crypto / ICO / blockchain. But the government & banking system will use Blockchain technology and operate it with a server system to replace the VISA system. If that happens, spontaneous mining will be destroyed.
rejosh
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
January 25, 2018, 09:26:23 PM
 #178

Mining will be stops soon once the bitcoins are fully mined. The future is for the pow or pos projects.


               ████████
         ██████████████
     ████████   ████████
  ███████               ███████
██████                     ▀███▀
████                               
██                       ▄▄▄▄▄▄▄▄▄▄
████                     ▀████████
██████                     ▀██████
  ███████               ███████
     ████████   ████████
         ██████████████
               ████████

GoNetwork=
=
=
=
=
=
=
=
=
=
[
]
[
]

                                ▄ 
                          ▄▄███
                    ▄▄█▀▀  ██
              ▄▄█▀▀     ██▌
        ▄▄█▀▀   ▄▀   ██
 ▄▄█▀▀     ▄█▀     ▐██
██     ▄██▀          █▌
 ▀▀██▄███▀       ██
    ██▀▀█▄▄▄    ███
     █▄  ██▀▀▀█▄██
      █▄█▀

 
                                       ▄███▄▄   ▄
  ██                           ██████████▀
  ████▄                   ███████████▀
   ▀████████▄▄     ███████████
  ▄▄███████████████████████
  ████████████████████████
      ▀████████████████████
        ███████████████████
           ▀███████████████▀
              ▄███████████▀
   ▄▄█████████████▀
         
nter]
jekzy
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile WWW
January 25, 2018, 09:33:27 PM
 #179

What do you mean mining will ever stop? Your bitcoin mining will stop only if you invested in site that can stand only in 20-30 days.there's a legit mining site like hashflare,minergate.
Ging
Sr. Member
****
Offline Offline

Activity: 504
Merit: 251



View Profile
January 25, 2018, 09:45:19 PM
 #180

as far as my knowledge can provide the end of mining of bitcoin is stil far may be ten or twent years from now but when that will happen my friend  think btc will be even a lot more expensive i think it will reach one million dolllars because it will be a rare thing.
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!