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Author Topic: Will mining will ever stop ?  (Read 4815 times)
Bunker
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June 29, 2018, 02:48:56 AM
 #401

I think mining will never stop as long as they are coins to be mined but the energy tariffs sharp rise in price or state ban, can reduce the number of miners.
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June 30, 2018, 03:45:33 AM
 #402

Even if production ceases on a specific coin, it will be possible to organize a new ICO or fork. Therefore, you should believe in the world of crypto-currency.
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June 30, 2018, 09:26:14 AM
 #403

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.
Ethan Becker
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June 30, 2018, 09:29:35 AM
 #404

Nope, mining won't stop. When all of bitcoins will mine, miners will mine just for transactions. About ETH - ethereum can be mined forever, because eth is unlimited in coins.
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June 30, 2018, 09:33:51 AM
 #405

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 stop unless the project is abandoned.  as long as the coins are being used, some people are doing mining.  of course we're talking about pow mining.  no issue about if pos mining, since it's happening all the time since it doesn't cost anything to do stake other than locking the staked coins for a time being.

if the limit has been reached, the coins will be more valuable.  on the other hand, developers may try to alter the limit (increase limit) by hardfork.

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gucci belt
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June 30, 2018, 03:15:00 PM
 #406

In my opinion, mining will not stop as long as the crypto industry still exists. There are many alternative coins, and that could be an option by the miners. And if all the coins are done mined, there will probably still be little left over as long as there is a transaction.
jokowo
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June 30, 2018, 03:39:55 PM
 #407

It seems to be easier to learn the concept of mining first. So I think as long as Bitcoin is still transacted, it will not be exhausted mined, it's just that it will likely take longer. But there are still other cryptoes that can be mine, and I think the new altcoin will continue to be created.
Rob768
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June 30, 2018, 03:48:45 PM
 #408

recently, mining becomes unprofitable, so it's too late to deal with it. First, even the most powerful miners (ASIC-miners) available in public stores and message boards will pay off not earlier than a year or two even at the current level of complexity of the networks. secondly, the market at all is not enough. Mine is no longer profitable if you do not have access to the freshest ASIC at the manufacturer's price. from this it is necessary to draw a conclusion that it is too late to invest in mining for the simple reason that the market has received enough links and pools that ensure the workability of any blockage. nevertheless, it is worth considering that, in connection with the shutdown of pools, the complexity of the network is falling, while forming a small profit.
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June 30, 2018, 03:59:00 PM
 #409

it will never stop because the growing technology of mining tools will be more sophisticated.

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June 30, 2018, 05:27:23 PM
 #410

1. Exploitation may change the form but will never stop.
2. There will be no limit to electronic money.
This is my personal view.
Cryptomania098
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June 30, 2018, 10:46:18 PM
 #411

I do not think mining will never stop, so if that happens, the whole bitcoin system might actually collapse. In cases where it reaches its limits, in order to maintain operations, these miners will rely on too much transaction costs, but BTC has 4 million remaining coins and I think all the remaining BTCs will be mined after 100 years. From time to time difficulties to mine BTC is increasing.
saras008
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July 01, 2018, 02:15:27 AM
 #412

It seems not to stop, because to my knowledge, transaction fees will be returned to the miners. But of course the less the rest of a coin that has not been mined, the harder it will be to get it. But I think the miners will move on to new coins, and so on.
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July 01, 2018, 02:28:58 AM
 #413

If the mining stops, a lot of the encryption including the BTC will also end, and mining is one of the cost measures of the BTC.
Sri Asih
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July 01, 2018, 02:51:11 AM
 #414

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 !


Logically, mining will stop when there are no more transactions. And it will be the opposite when there is a transaction. But I think the longer the number of miners will decrease because the equipment is more expensive and not worth the coins obtained, unless the crypto industry is getting bigger and more altcoin is created.
fivefingers
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July 01, 2018, 03:00:05 AM
 #415

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 think mining will never stop as long as there are any coins that could be mining and if the supply reaches the limits, then we can move to another coin that will give us a profit. I am sure that there are many coins that we can mine and the price for each coin will increase and if we are saving a lot of coin from mining, then I think our profit will be big. they will win the money if they can save their coins and only wait until the price increases high.

Meh mining will never stop. Because if a large number of miners would stop mining, the demand and reward for the miners will also go up. which means people will go back to mining again.
aeternus
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July 01, 2018, 03:19:22 AM
 #416

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 !

No mining will never stop, there is going to take a lot of time to reach the limit of 21 million bitcoins but way before that the miners will need to depend on the fees we pay to sustain themselves and in the case that is not enough then some miners will need to decide if they keep mining bitcoin, or close their business and sell their equipment to other miners.
rohican
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July 01, 2018, 03:56:45 AM
 #417

Mining will remain forever, because miners have the task of recording all transactions.
The possibility that if Bitcoin is close to the limit, there will be a bigger transaction fee to be contested by the miners.
yhnshjka
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July 01, 2018, 04:07:39 AM
 #418

Bitcoin mining will not stop. Even if the bitcoin block is not rewarded. Absenteeism can also lead to high transaction fees.
Orang Tua
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July 01, 2018, 04:08:51 AM
 #419

Mining obviously will not stop, as long as there is still a market for cryptocurrency. But maybe in the future mining will be dominated by big companies because the possibility no longer produces for those who mine with a simple device.
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July 01, 2018, 04:13:17 AM
 #420

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 !


With news that I have known, gradually, the mining will be gathered on big mining companies such as Bitmain, and all most POW systems will be transfered to POS. Secondly, when any coins reaches its limit, its price will be raised day by day because of it will not be borned anymore

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