Bitcoin Forum
June 22, 2024, 01:51:26 AM *
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 4816 times)
Trimegistus
Legendary
*
Offline Offline

Activity: 1564
Merit: 1027



View Profile
June 25, 2018, 05:46:39 PM
 #381

PoW mining is doomed!

PoS consensus is the future!


notoriousdumper
Jr. Member
*
Offline Offline

Activity: 70
Merit: 1


View Profile
June 25, 2018, 08:46:43 PM
 #382

Mostly, mining any coin may be tolerable worth trying long term nevertheless lots of things in relation with newer makers affect shares.
Walexizi
Newbie
*
Offline Offline

Activity: 200
Merit: 0


View Profile
June 25, 2018, 08:49:32 PM
 #383

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.
WalterBeen
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 25, 2018, 08:52:45 PM
 #384

Yes, mining will stop, because Satoshi set limits on the blockchain, if i remember right
RoonyBlack
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
June 25, 2018, 09:20:04 PM
 #385

No! If mining stop, there will be no crypto to dig and sell. They should continue to dig for more coins, more coins to go come up and maybe in few months again Bitcoin to go up to 8000$ +. Let's see how are the things going to be soon for everyone and with these restrictions... Japan, Russia... So lame..
NeonXL
Full Member
***
Offline Offline

Activity: 322
Merit: 103


OPEN GAMING PLATFORM


View Profile
June 25, 2018, 09:31:44 PM
 #386

Yes, mining will stop, because Satoshi set limits on the blockchain, if i remember right

Lol, we will dead (?) at this moment. Hopefully  Grin. So it`s not problem for our generation! But there is another problem: mining uses too much energy. Too much, seriosly. And... it`s problem for our generation, lol, very big problem

ngochuyen0071
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
June 26, 2018, 09:29:59 AM
 #387

new crypto continues to come up with new innovations. It has certainly created a crypto will continue to be mined but with different types available. In addition to that of course if the coin has reached its limit will probably be more expensive in value. However, to achieve that takes a long time.
moriadwarf
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
June 26, 2018, 10:05:27 PM
 #388

In general, mining could be mildly worth the investment some time even though a number of factors in relation with advancing makers affect income.
Psychee
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
June 26, 2018, 11:24:09 PM
 #389

I do not know what is so stopping, but those who invest dengi in Socratus do not stop them because they are so carried away by this affair
goatpo
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
June 26, 2018, 11:34:09 PM
 #390

Mining will end when it will be no more profitable
chandrarahmadewa
Member
**
Offline Offline

Activity: 308
Merit: 49


View Profile
June 26, 2018, 11:53:41 PM
 #391

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 not end when it reaches the blockchain limit, do not worry there is a lot of Altcoins that you can mining, almost every month of newborn cryptocurrency coins for mining, try your search on whattomine.com finds the same algorithm as your mining tool.
trickyriky
Sr. Member
****
Offline Offline

Activity: 882
Merit: 251



View Profile
June 27, 2018, 09:10:08 AM
 #392

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 !


For now I don’t see the perspective of coin mining disappearance. In some cases it become difficult to do, in others many new services appear and new equipment is created  for more effective mining.
hell_slayer
Full Member
***
Offline Offline

Activity: 728
Merit: 139


View Profile WWW
June 27, 2018, 10:33:13 AM
 #393

Proof-of-work mining is only one of the variety of consensus mechanisms . It's the most uneffective in energy consumption algotithm , thus I believe it will be replaced by other more effective mechanisms in all altcoins with time . But if we talk about bitcoin mining , I think it will be proof-of-work based for all period of existence of btc , thus it will be needed to keep blockchain working even after the last btc block will be founded . Assuming this , btc mining will never stop , unless crypto/bitcoin will die .
LeetPoolsOP
Full Member
***
Offline Offline

Activity: 507
Merit: 100



View Profile
June 27, 2018, 11:22:19 AM
 #394

for starters, I need to tell you a little about the mining. in fact, these are mathematical calculations, the result of which is a hash. they must be calculated at all times, otherwise transactions will not be confirmed and users, respectively, will not be able to use the crypto currency - transfer it and pay it off. from this follows the following conclusion: while there are requests for transactions, the need for mining and miners will not disappear, since without them the network is inoperative.
Cokodi
Full Member
***
Offline Offline

Activity: 252
Merit: 100



View Profile
June 27, 2018, 11:26:39 AM
 #395

Mining will never end, because it is our future, it is simply possible that such a lot of other cryptocurrencies will be canceled because of their large number
InvestMen
Member
**
Offline Offline

Activity: 270
Merit: 10


View Profile
June 28, 2018, 04:01:24 AM
 #396

Mining bitcoins someday, yes it will end. Mining as the type of earnings I think that never. Bitcoins will end, but other crypto-currencies remain and mining will not go anywhere either.
MasterMoon
Jr. Member
*
Offline Offline

Activity: 252
Merit: 1


View Profile
June 28, 2018, 05:33:06 AM
 #397

Mining will end when it will be no more profitable
Yes maybe after 140 years and all of us that here for sure will not alive anymore mining is not about quick profit that's why if you really don't know what you are saying don't say anything and just do your own search so you can learn things much better.
Trimegistus
Legendary
*
Offline Offline

Activity: 1564
Merit: 1027



View Profile
June 28, 2018, 12:28:18 PM
 #398

All blockchain based crypto assets need some sot of consensus mechanism to verify transaction thus generation new blocks.

Nakamoto launched BTC with the PoW mechanism, commonly named as crypto mining. Since then, a number of alternatives have surfaced but the most promising one is the PoS, specially PoS v3 with masternodes.

Classical (PoW) mining might come to an end sooner than expected because of the obscene power consumption but it has to be replaced by some other consensus mechanism. I'm betting on PoS! And eagerly waiting for ETH to move from PoW to PoS... that will be a real game changer.

Brunoaoi007
Newbie
*
Offline Offline

Activity: 156
Merit: 0


View Profile
June 28, 2018, 12:31:24 PM
 #399

Mining is nothing but the transactions approved by block chain technology. Few are confused about mining may stop when bitcoin reaches its highest level, but that is not true. Each every transaction in block chain is mining actually and if bitcoin or all the crypto currencies disappear then mining may stop but there is no chance for that for another 100 years at least.
rehanaurora
Newbie
*
Offline Offline

Activity: 130
Merit: 0


View Profile
June 28, 2018, 03:04:08 PM
 #400

I think mining will be stops soon once the bitcoins are fully mined. After that bitcoin will be rare thing and become more expensive than now.
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!