Suskunadam
|
|
January 25, 2018, 09:49:56 PM |
|
Mining must go on to make sure transactions can still be carried out, but the rewards for the miners might become very low as it will only come from the transaction fees.
|
|
|
|
|
|
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
xiaohang07
Sr. Member
Offline
Activity: 392
Merit: 253
Open and Transparent Science Powered By Blockchain
|
|
January 25, 2018, 10:58:33 PM |
|
The traditional proof of work mining will probably stop in future due to efficiency issues. However, the proof of stake "mining" will take over to secure the blockchains without generating waste heat by burning valuable electricity. In this sense, the traditional BTC will probably be dethroned by either a BTC fork or other advanced altcoins. Paradigm is shifting and mining will stop in future.
|
|
|
|
Davinus
|
|
January 25, 2018, 11:00:27 PM |
|
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.
Yes piece of shit stop spamming this thread, bitcoin mining will end after 2100, and ETHEREUM mining will end once that the system goes from PoW to PoS, stop spamming this thread piece of dumbass, you do not even look at the title before posting
|
|
|
|
dsaijz03
|
|
January 25, 2018, 11:21:09 PM |
|
I think no, since mining serves as the balance of the altcoins and bitcoins network because mining can help the network and information accuracy.
|
|
|
|
Viecoin
|
|
January 26, 2018, 12:45:47 AM |
|
Never. Equipment and electricity cost I believe are a big part of what sets the price for non-pos coins. I imagine that there may be some revisions, but with things like how coincidentally the hashpower of a gpu is reflective of its RETAIL price while utilizing an algo like Equihash, the essence of POW is here to stay.
|
|
|
|
OCDawgsExB
Newbie
Offline
Activity: 14
Merit: 0
|
|
January 26, 2018, 01:03:06 AM |
|
In my own opinion mining will never stop because there are always new coins are coming. BTC have 4 million coins that are remaing and I think all of that remaining BTC will be mined after 100 years. From time to time the difficulty to mine the BTC are increasing.
|
|
|
|
jamiebear
Newbie
Offline
Activity: 126
Merit: 0
|
|
January 26, 2018, 01:14:00 AM |
|
I don't think mining will ever stop, thus if that happens the entire bitcoin system might actually collapse. In the case where it reaches its limit, in order to maintain operation, these miners will rely on transaction fees.
|
|
|
|
narukami
Full Member
Offline
Activity: 375
Merit: 100
Adoption Blockchain e-Commerce to World
|
|
January 26, 2018, 01:16:22 AM |
|
It can stop if thier are no demand on the mining on the specific mining because if their are no demand there are no buyer will buy your mines but same as the bitcoin as long as they are demand the mining will still be continue
|
AIGOAdoption Blockchain e-Commerce to World █ █ █ █ █ █ █ █..Find Us!:..
|
|
|
sourish
|
|
January 26, 2018, 03:16:42 AM |
|
Once all the bitcoins have been mined, transaction fees will be the sole source of income for miners. Whether they will be enough to keep miners financially afloat is a moot point. One way to keep it from stopping is by evolving mining technology.
|
|
|
|
seaqrioy
Member
Offline
Activity: 94
Merit: 10
|
|
January 26, 2018, 05:17:04 AM |
|
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.
That future will become an industry? With more demand for the birth and development of the miner industry?
|
|
|
|
OCDawgsExB
Newbie
Offline
Activity: 14
Merit: 0
|
|
January 26, 2018, 11:26:06 AM |
|
I think most people think that miners do just that: "mining coins". But the thing is that their role in the network of a coin is much bigger than that. Their role is to keep the network secure, and by keeping the network secure I mean, processing the transactions and making sure they are all valid. They get the coins and the fees as a reward for doing just that. So "mining" will never stop, because if it stopped then tx were not processed and verified. They will eventually stop receiving the reward when the coin limit is reached, but they will still receive the fees for making the transactions, and that should still be a good incentive. Don't know how things will be when the lightning network gets deployed, since fees would be minimal. But I guess that we would get huge adoption when the LN arrives, so even minimal fees would be very profitable for miners.
Thank you so much for sharing your knowledge to us. Another topic on crypto world that is new to me and I can also share to my friends. Just keep it up it really help us newbie here in forums and crypto world. Godspeed.
|
|
|
|
LeroyBro
Jr. Member
Offline
Activity: 168
Merit: 1
|
|
January 26, 2018, 11:27:58 AM |
|
I think most people will stop mining and be replaced by government/company sectors, for example, with much better tech and budget to mine more consistently. I think Russia wanted to get into mining, which is actually a really horrible idea for everyone else I think and hope it doesn't happen.
|
============== Interested in ICOs ==============
|
|
|
max6575
Full Member
Offline
Activity: 1176
Merit: 100
Vave.com
|
|
January 26, 2018, 03:24:45 PM |
|
as developer of token gives with different switches on hash generation for the manage of new blockchain, the use of helps from the miner gives of reference on how to follows as the spares on excess as might to split to gives as exchange on substitute for works on appropriation.
|
|
|
|
MGmahesh
Newbie
Offline
Activity: 98
Merit: 0
|
|
January 26, 2018, 10:49:40 PM |
|
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 ! yes, mining will stop in time, that is, if there is nothing else to be mined. and that I do not think the time can be determined because this mining treasure is so mysterious, people can freely take it. so I am convinced that this mine will not be completed in the near future, maybe before the coin runs out, the miners are dead first. regarding the achievement of the deadline for crypto money I think it can not be determined specifically.
|
|
|
|
Mark-Krawed
Jr. Member
Offline
Activity: 43
Merit: 1
|
|
January 26, 2018, 10:52:29 PM |
|
Mining is the heart of crypto without the mining the, the crypto world also will suffer or dead.
|
|
|
|
ethereumhunter
|
|
January 27, 2018, 04:38:30 AM |
|
I think most people will stop mining and be replaced by government/company sectors, for example, with much better tech and budget to mine more consistently. I think Russia wanted to get into mining, which is actually a really horrible idea for everyone else I think and hope it doesn't happen.
I don't think so because everyone could start mining especially for people which have a big money and a big place and not just the government that wants to try mining. as long as there is any hardware is sold in the shop, then mining will continue and the hardware will launch the newest technology for mining. the government cannot replaced mining from the people but I realize that the government has the unlimited resource than the people so maybe the government will use their resource to mining like what people did.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
speakoo
|
|
January 27, 2018, 05:08:07 AM |
|
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 mining will never stop , just from one country to another. 2 I think it should be more valuable when it reaches its limitation.And also it has been dead when it reaches its limitation , most of the limitations take too long to reach.
|
|
|
|
sunnycoiner23
Newbie
Offline
Activity: 42
Merit: 0
|
|
January 27, 2018, 07:51:03 AM |
|
as long as their are coins the mining can never stop 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 !
|
|
|
|
carpencod
Newbie
Offline
Activity: 24
Merit: 0
|
|
January 27, 2018, 08:05:52 AM |
|
It will stop when there will be no computation power in the world, or when they will find an easier and more secure way to mine a block. (mining with feathers, i don't know)
|
|
|
|
webmone
Member
Offline
Activity: 287
Merit: 10
|
|
January 28, 2018, 12:25:37 PM |
|
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 ! Speaking of bitcoin, I think after achieving a limit of coins, some other coin will be created. It will be technologically closely related to bitcoin and will be mined. Something like fork.
|
|
|
|
|