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Author Topic: Will mining will ever stop ?  (Read 4838 times)
airdrop21
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July 14, 2018, 03:19:36 AM
 #501

NO it will not.
Even when we reach the maximum coin supply, people will still keep trading and paying fees and so miners will get paid by those fees while running the mining.

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July 14, 2018, 03:34:06 AM
 #502

If mining stops, there will be no crypto to dig and sell, so mining will never stop as long as there are coins that can be mined and mining will continue to work
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July 14, 2018, 03:35:17 AM
 #503

When the mining reaches the limit of bitcoin, the mining does not stop.
The next thing to keep digging, however, is the fees generated by bitcoin exchanges.

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July 14, 2018, 03:45:52 AM
 #504

I figure mining will never stop in light of the fact that if Bitcoin mining achieves its 21 Million Bitcoin limits, you can go to other cryptographic money and begin mining again. On the second inquiry, if Bitcoin achieves its breaking point, I think Bitcoin esteem will expand significantly higher than ordinary due to shortage and cutoff points and we will acquire cash. Simply my musings in light of the fact that there is no digital money achieves its breaking points yet.
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July 14, 2018, 03:51:36 AM
 #505

regardless of whether the sum total of what Bitcoins have been mined, mineworkers still need to continue rushing to affirm exchanges. This time, their prizes will be altogether in view of exchange charges rather than bitcoin from recently shaped squares.
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July 14, 2018, 03:54:14 AM
 #506

Mining is at the core of functionality of most cryptocurrency.  Mining is not stopping anytime soon.  Without mining,  transactions will stall and there will be multiple transactions failure.  Except coin start running Pos,  miming is the only way for coin to function properly.

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July 14, 2018, 03:56:50 AM
 #507

The natural stopping point would, of course, be when: electricity cost > income

However, one could rationalize continuing in spite of that if you held mined coins hoping that an eventual rise in value would push income+capital gain above current electricity cost.
bitcoinmee
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July 14, 2018, 04:01:43 AM
 #508

i dont think mining crypto will ever stop everyday there's a new coin that is made but i think it will improve & and it will innovate for miners

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July 14, 2018, 04:03:50 AM
 #509

If according to my view, someday mining will surely be over. Moreover, if the number of coins all have succeeded in mining. for example, for a very limited number of bitcoin, of course one time will be exhausted in mining. If it is up, then I'm sure the process of mining would also be completed.

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July 14, 2018, 04:07:45 AM
 #510

We all can not know for sure what will happen tomorrow, because crypto is not a technology that is easy to predict. Mining will continue as long as the crypto can survive, as more and more industries will be interested in creating new coins. In addition also from the community will continue to experience progress in following the mining program. So mining will continue to survive and can develop its technology.
amaterazu
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July 14, 2018, 04:09:24 AM
 #511

Miners will still continue to do because the results are also very large. We know that the miners need a highly sophisticated tool and the price is also not cheap. So this mining will continue to run and last a long time while BTC is in this condition. 

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July 14, 2018, 04:50:53 AM
 #512

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 is mining in a past decades mining will develope but until now there's a selected people still do the mining. In your number 2 questions your expectation in limits of coins i think can cause a long long year. 21M as a price of BTC is so hard to reach specially now.

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July 14, 2018, 04:56:05 AM
 #513

well i don't think so, s long as there's a POW coin to mine, miners would flock over and mine those coins. Unless all coins switch to Proof of Stake or any other algorithm though Smiley
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July 14, 2018, 11:17:02 AM
 #514

i dont think mining crypto will ever stop everyday there's a new coin that is made but i think it will improve & and it will innovate for miners

Of course, nobody will stop mining. However, as I have read today miners will pay more for electricity than other citizens. For instance, in New York, this rule works already. Probably, miners will get less income, but mining will exist further.
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July 14, 2018, 04:15:09 PM
 #515

Since the entire blockchain system works on the processing power that is provided by the hardware that the miners are using to process transactions then I don't think that there is any way that mining will ever stop. Miners are one of the most important part of the blockchain. Without them, the blockchain does not run.

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July 14, 2018, 04:17:26 PM
 #516

Only stop when the raw material to make the digging equipment is no longer.
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July 14, 2018, 04:20:12 PM
 #517

Mining is helpful for a coin to be alive even they are selling but they are the ones to make a coin to be dead even in 20 years mining still alive

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July 14, 2018, 04:28:09 PM
 #518

I think that the mining will not stop for a long time, because many other people make money on this.

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July 17, 2018, 03:38:02 PM
 #519

For now POW is the most secure mechanism. Someone can come up with a new algo and then yes, mining will disappear. But new algorithms don't grow on a trees Smiley
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July 17, 2018, 03:39:16 PM
 #520

I think as long as there is still crypto then mining will continue to exist and there will be many innovations and revolutions present during this trip, I still see crypto has a wide range to continue to be developed

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