Will mining will ever stop ?

[Levious]

How does mining stop trading?
I think mining will not stop. And Bitcoin will be more and more expensive. Mining resources will be less and less, so Bitcoin will be more and more expensive.

[MFY151]

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 !

Mining will never stop as long as there are cryptocurrency users. Mining somehow provides services for all exchange platforms enabling various transactions for cryptocurrency users across the globe.

[Pay phone82]

I guess that mining will be relevant for a long time. Another question is the profitability of mining. I advise you to turn to serious professionals who will set up the equipment and prompt on the mining of specific coins.

[sandiskumen]

Every transaction is in cryptocurrency network. If certain stocks of coins, say Bitcoin or Ethereum are all mined, then miners will benefit from the transaction costs paid by everyone. This could be a sign of an increase in the cost of certain coin transactions in the future because the miners get their profits only from the transaction and not the rewards they get from the mining blocks. I think there is no mining that will never stop when cryptomoney is on top. Because it is very profitable, when it will be mined all the coins still need to do mining transactions.

[Trimegistus]

PoW mining is an essential part of the consensus mechanism supporting the PoW coins' transactions. Therefore, as long as there are PoW coins mining will exist.

But the tide is turning and PoS is slowly turning PoW a relic of the past.

I truly believe PoW ming will be reduced to a minimum in the next couple years.

And the decisive blow might be ETH's Casper successful implementation.

[Wingo]

Another silly question...

Do some research.

Mining won't stop as long as there are miners that does the transaction confirmation and keeps the network up and running. This will never stop for top cryptos, there are hundreds and thousands of miners out there for big cryptos.


When bitcoin's total supply is nearly reached, mining will still continue. But the reward for miners will be lesser in terms of BTC. This keeps the network alive as I said, even if the total supply is reached.

[PrudnikovLS]

Already, the most ambitious projects are beginning to abandon mining and move on to other methods of maintaining their network. Still, in the future, there will likely remain small cryptocurrencies that will support mining.

[kayakcrypto9875]

Mining is the source of Bitcoin and Altcoins. If mining is stopped then cryptocurrency will not function and eventually fade away. How can we confirm the transaction without mining.

[sasisa]

I think that production does not stop when not. Yes, maybe in the future it will become harder but not to stop. You can find a good blockchain that is easier to mine.

[MoeKaloolon]

Mining cannot stop because that is how the blockchains that support the cryptocurrencies are run. If mining stops then the blockchains themselves will stop running which means that there will be no way for you to use your coins because you would not be able to carry out transactions with your cryptocurrencies.

[aamy90925]

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.

[sieemma]

Mining will not stop as the question was asking but rather some people will quit mining for not gaining enough money from it which does not necessarily means the whole mining process is stopped. Without mining, most transactions on the blockchain will be impossible it won't stop entirely but individual miners who do not gain a lot from mining will stop.

[sebastianweyer655@gmail.c]

I expect most coins will be POS soon, POW is just using a ridiculous amount of electricity that won't be sustainable if they gain popularity.

[paxmao]

I think that is a long way away from happening, most news point to very large chip manufacturers making lots of new ASICs each day more powerful and complex.

[alex7308]

As long as still profitable mining will not stop, even more and more of its enthusiasts because of seeing a very large profit. and if the total coin in the mining has reached the limit then the miner still get the income from the transaction fee that occurs in blockchain so no need to worry.

[quynhanhkhr99]

I think that mining supported by producers of mining equipment and video cards. So I think that mining will not stop in nearest years due that it is big business and big money.

[shinharu10282016]

I have the same question especially for Bitcoin whose supply stops at 21million.

But mining is the way to process the transactions. How can we be sure that the price will still go up despite of that 21m being mined ?

As long as still profitable mining will not stop, even more and more of its enthusiasts because of seeing a very large profit. and if the total coin in the mining has reached the limit then the miner still get the income from the transaction fee that occurs in blockchain so no need to worry.

ROI is in 6mos. if you dont have the money to spend, then dont. Most of the miners have large lumps of money to deal with it.

I believe it can stop once no one uses the blockchain anymore.

[Trimegistus]

ETH's move to PoS with the Casper implementation will be a true game changer.

Once the best altcoin moves to PoS, a new era begins for crypto.

And the PoW mining will fade away....

[itsmejan]

it is really unlikely... almost impossible...
when a coin reaches its max supply rewards start to come only from transaction fees...
this will happen when BTC will reach 21M.

[a123uxcz888]

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.