Will mining will ever stop ?

[levvv]

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, it will stop when it reached the limit of supply, for example bitcoin supply is 21mil. But that will need very long time.
for now, no cryptocurrency has reached the total supply yet. So, we will wait another several years for keep mining.

[csbsstudent]

Mining is becoming less popular that it was not so far. I consider that its being disappeared is quite possible in the future but not in the nearest one.

[Stavri]

mining is a must for blockchain. if there is no miner, then who is going to approve the transactions? there should be some hardwares that ruling the blockchain huh? and they will always be the miners.

[MAXE]

We understand when will mining of Bitcoin will stop, but mining like a sphere don't stop until cryptocurrency stay alive.

[laravuemaster]

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 because there are a lot of people today who are still investing everytime the market prices are currently dumping and that is the reason why cryptocurrency will never die.

[obility]

I believe in the future new technology will change mining, maybe in the future their will be a new consensus mechanism that will make mining of coins not necessary anymore, technology changes everything and we might reach that stage with mining. 

[mrhood]

It is impossible because mining plays a great role in the cryptocurrency maket. I think that even more people will do it in the future than now again.

[aeternus]

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

And that is never going to happen, many people claim that proof of stake is better than proof of work but that is simply not true so for as long as the blockchain exists we are going to have miners, but as time goes on they will have to become more efficient not only in their algorithms but also in their energy consumption since the energy needed to mine bitcoin is getting out of control.

[danceinthedunes]

It's like shale production with oil. Below a certain price point, it stops being cost effective for X number of groups, and this sort of thing typically isn't linear in its decline. The currency may go up in value, but difficulty forces centralization to achieve the same profit margins unless the currency valuation outpaces cost, which becomes an increasingly longer gamble for a smaller organization. You'll get a glut of cards from people bailing out at some point.

[jojovalentia]

I don't think so, I mean, not yet, with the huge amount of cryptocurrencies coming out everyday, we have altcoins to mine for a few years from now

[leviathon]

I don't think that it ever will really. Look at it this way, if you make a transaction then it goes into the block, you have to wait for the miners to mine your block before your transaction can go through, that simply means that if there were no miners then your transaction would be stuck in the blockchain forever, so as long as we need miners to confirm our transactions, there will always be miners.

[Ironmaiden]

I don't think that it ever will really. Look at it this way, if you make a transaction then it goes into the block, you have to wait for the miners to mine your block before your transaction can go through, that simply means that if there were no miners then your transaction would be stuck in the blockchain forever, so as long as we need miners to confirm our transactions, there will always be miners.

But nothing will stop mining. But as I read today, miners will pay more for electricity than other citizens. Probably, miners will get less income, but mining will be further and you have to believe that.

[edwardsolo2021]

I don't imagine that it ever will truly. Take a gander at it along these lines, on the off chance that you make an exchange then it goes into the square, you need to sit tight for the diggers to mine your square before your exchange can experience, that essentially implies that if there were no excavators then your exchange would be stuck in the blockchain everlastingly, so as long as we require mineworkers to affirm our exchanges, there will dependably be excavators.

[aziie110]

The cost of mining is slowing decreasing as the processing power of the servers is decreasing but yes there exists s scenario where the slowing may stop and that is where the energy consumption cost increases

[firewa]

Mining will not stop, because the day when the cryptocurrency will not stop, then mining will not stop, it can be said that it is because of these absenteeism that encryption can be maintained normally.

[yslyv]

i dont think so because miners approve the transactions on the blockchan. if the miners stop doing it blockchain will be useless at all without any confirmations. so i dont think mining will stop.

[Milkymann]

I think mining stoping in the near future because now profit is very small and GPU or asics costs too much.

[jingyu27]

I can only answer your first question. According to Bitcoin, your life will definitely not see the end of mining forever. The bitcoin block reward will end in 2140, but you can still mine. Because the fee required for the miner package transaction will be given to the miner unless the algorithm is changed.

[akbarals9425]

I do not think so.
whatever their altcoin price will definitely not stop mining and it will definitely be paid. .
if not paid then will cause negative things such as lack of public trust and also make altcoin prices down. .

[pouljak5]

The cost for mining s not the main reason for the possibility of mining to stop but it is rather the governments that are eager against  this consumption and making a law to stop this this current rate and that is  the beginning of the problem