travelhelperio
Jr. Member
Offline
Activity: 56
Merit: 1
Helper
|
|
August 14, 2018, 01:41:17 AM |
|
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 ! it is not ideal. I would say mining should keep going to make blockchain strong.
|
● Travel Helper ● ▰▰▰▰ Freelancer platform for Travelers ▰▰▰▰ ● https://www.travelhelper.io/ ●
|
|
|
|
|
|
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Dulmwer
Newbie
Offline
Activity: 77
Merit: 0
|
|
August 14, 2018, 09:50:24 AM |
|
I think quite the enxt years we will achieve the peak of mining. Entirely are such huge numbers of diggers. What's more, they are much more ACIS and asic makers. Its like a mining war. Such a significant number of hashpower thus numerous power utilized for the digital money organize. So it won't take to long untill the entire mining framework will fall. Since ordinary its less benefit with mining. Furthermore, they are additionally new coins who all work with confirmation of stake which will supplant the mining framework!
|
|
|
|
Q2kc
Member
Offline
Activity: 560
Merit: 15
$100k per 1 BTC in Year 2020
|
|
August 14, 2018, 10:07:46 AM |
|
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 !
Based on my research if Bitcoin will reach the 21m million within a 100 years from now, miners will still get profit from transaction fees and that time bitcoin price will be a lot, for Ethereum it depends if Eth will transfer from proof of work to proof of stake.
|
|
|
|
pisomiko
Newbie
Offline
Activity: 88
Merit: 0
|
|
August 15, 2018, 10:18:06 AM |
|
I imagine that mining bolstered by makers of mining hardware and video cards. So I surmise that mining won't stop in closest years due that it is huge business and enormous diggers still will mine since exchange expenses are going to excavators and they process exchanges , so dont stress , in light of the fact that now mineworkers get around 50 millions just from 1 coin and can acquire significantly more in future.money.
|
|
|
|
boyouporn123
Newbie
Offline
Activity: 57
Merit: 0
|
|
August 15, 2018, 10:37:56 AM |
|
maybe forever mining wont stop till the project moon and it will adjust
|
|
|
|
devilzero
Member
Offline
Activity: 252
Merit: 13
https://eloncity.io/
|
|
August 15, 2018, 12:51:50 PM |
|
In my view, mining will always exist. Just when the price of coins falls, people will stop mining. Until the price is restored.
|
|
|
|
Why_I_not
Newbie
Offline
Activity: 76
Merit: 0
|
|
August 15, 2018, 12:54:51 PM |
|
I believe that the extraction will not end. I believe that there will be new coins in the future. There is no need to worry.
|
|
|
|
Farul
Sr. Member
Offline
Activity: 270
Merit: 309
Shinji bgt gwh
|
|
August 15, 2018, 02:01:23 PM |
|
1.Maybe,A Lot Of People Saying That PoS Is Better Than PoW(Mining) Why? Its More "Enviromental Friendly",Faster Transaction,Cheaper Fee So I Think PoS Will Replacing PoW Soon. 2.The Miner Would Get Coin From The Transaction Fee
|
|
|
|
paramelton
Member
Offline
Activity: 171
Merit: 10
|
|
August 16, 2018, 06:31:06 PM |
|
There is a possibility, that some coin mining might become non profitable, but mining as such will never stop. Time to time there are new coins coming to market what you can mine again, and also if mining of some coins become non profitable, miners start mining other coin, and due to less competition, mining of this coin become profitable again.
|
|
|
|
YYYtupil
Newbie
Offline
Activity: 28
Merit: 0
|
|
August 17, 2018, 11:01:49 AM |
|
There is no chance that mining will ever stop but the mining products might change as time goes on.
|
|
|
|
ReformIllusion014
Newbie
Offline
Activity: 154
Merit: 0
|
|
August 17, 2018, 11:41:24 AM |
|
I don't think mining will ever be stopped. Many people are coming here and they want to show their qualities and potentials through new coins.
|
|
|
|
kliown
|
|
August 17, 2018, 11:56:46 AM |
|
Production will still be relevant for a long time. Not all coins reach their limit. Bitcoin, after its last coin is mined, is expected to become a rare coin and therefore will rise in price.
|
|
|
|
1978lover
Newbie
Offline
Activity: 42
Merit: 0
|
|
August 19, 2018, 09:53:46 AM |
|
Mining will never stop as that is the one thing that people do in this.
|
|
|
|
ice098
|
|
August 19, 2018, 10:05:03 AM |
|
Mining will never stop as that is the one thing that people do in this.
i guess mining willl continued to be used because many people are still do minng because it ís much profitable than participating in bounty, Also the mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. Also do mining is need your computer to open 24 hours ,so surely the electric bill is become higher.
|
|
|
|
panoramx
Newbie
Offline
Activity: 101
Merit: 0
|
|
August 19, 2018, 10:26:27 AM |
|
The mining will not stop. However, once all the bitcoins have been extracted, transaction fees will be the only source of income for miners. The main concern is therefore whether transaction fees will be enough to keep miners afloat.
|
|
|
|
Werpa1
Newbie
Offline
Activity: 31
Merit: 0
|
|
August 19, 2018, 05:02:11 PM |
|
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 wil not stop, it may change how they mine but it will never change what they will profit. People are constantly learning and is looking for for solutions on how to get the market back on track. As long as there are cryptocurrency, mining will still develop.
|
|
|
|
stoxalpha
Member
Offline
Activity: 305
Merit: 10
|
|
August 19, 2018, 05:14:20 PM |
|
In fact, I am thinking, maybe there is a better way to mine coins than mining, mining is very power-hungry, and you need to buy expensive cpu and gpu, of course, the cost of mining will also reflect the market price of altcoins, the more It is difficult to mine, the more expensive it is.
|
|
|
|
dxgam
|
|
August 19, 2018, 05:17:29 PM |
|
according to my understanding. Cryptocurrency currency mining will not stop. like Bitcoin, even though the supply is limited but bitcoin mining won't stop. because bitcoin enthusiasts are increasing every year.
|
|
|
|
Cryptosuperb
Newbie
Offline
Activity: 31
Merit: 0
|
|
August 19, 2018, 05:23:34 PM |
|
When bitcoin mining stop there will always be some new coins to mine. And if no one want to mine anymore cuz it's not profitable, networks will continue to work, they will just lower the diff and use their own rigs to proces.
|
|
|
|
aircrusan
|
|
August 19, 2018, 05:49:04 PM |
|
Crypto currency is gaining popularity with each passing day. There are new coins. If the profitability when investing in one coin, then you can analyze and select another crypto currency, investing in which you can make a profit.
|
|
|
|
|