Bitcoin Forum
June 14, 2024, 06:53:49 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: Is mining coming to an end?  (Read 360 times)
8Habits
Sr. Member
****
Offline Offline

Activity: 756
Merit: 294



View Profile
January 29, 2018, 12:41:03 PM
 #21

It should.
We need to use as less energy as possible while making our transactions.
Energy is costly and energy hungry process of confirming a transaction by mining is getting more industrialized that also undermines the decentralized nature of crypto currencies. 

make sense and I concur that we really need to have less energy used in all our cryptocurrency transactions.

I just don't know about burstcoin as it just uses external hard drives to mine burst and it saves a ton of electricity compared to gpu mining. I am in the process of building my burst mining rig but also worry that it might not work for me as it takes too long for the ROI to happen if we base on burst mining calculator.
qiman
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 504



View Profile WWW
January 29, 2018, 12:42:11 PM
 #22

Mining contracts are not profitable at all. Only if you have big mining farms you can turn over a decent profit.  do believe though that mining for the masses will be more popular in years to come with coins like Electroneum, which will be mined on mobile devices. This will help people all over the world become their own bank and people in much poorer countries may eventually be able to earn a small living from the coins generated from their mobile devices.


▄▄▄███████▄▄▄
▄▄█████▀▀''`▀▀█████▄▄
▄███P'            `YY██▄
▄██P'                  `Y██▄
███'                      `███
███'                         ███
▄██'   ▄█████▄▄  ,▄▄▄▄▄▄▄▄▄▄p   ███
▄██▀  ,████▀P▀███.`██████████P   ▀██▄
███[ ,████ __. ███.   ,▄████▀    ███
███[ ]████████████[  ▄████▀       ███
███[ `████   ,oo2 ▄████▀'       ,███
▀██▄  `████▄▄█████d███████████   ▄██▀
▀██.   `▀▀▀▀▀▀"  Y▀▀▀▀▀▀▀▀▀▀▀  ,██▀
███.                        ,███
▀██▄                      ▄██▀
▀███▄_                 ,███▀
▀███▄▄_          _▄▄███▀
▀▀████▄▄ooo▄▄█████▀
▀▀███████▀▀'

365

TM

EZ365 is a digital ecosystem that combines
the best aspects of online gaming, cryptocurrency
trading
and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

..WHITEPAPER..    ..INVESTOR PITCH..

.Telegram     Twitter   Facebook

                       .'M████▀▀██  ██
                      W█Ws'V██  ██▄▄███▀▀█
                     i█████m.~M████▀▀██  ███
                     d███████Ws'V██  ██████
                     ****M██████m.~███f~~__mW█
          ██▀▀▀████████=  Y██▀▀██W ,gm███████
      g█████▄▄▄██   █A~`_WW Y█  ██!,████████
   g▀▀▀███   ████▀▀`_m████i!████P W███  ██
 _███▄▄▄██▀▀▀███Af`_m███   █W ███A ]███  ██
__ ~~~▀▀▀▀▄▄▄█*f_m██████   ██i!██!i███████
Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████
 8█  █▀▀█████.!██   ██████████i! █████
 '█  █  █   █W M█▄▄▄██████   ██ !██
  !███▄▄█   ██i'██████████   ██
   Y███████████.]██████████████
   █   ███████b ███   ██████
   Y   █   █▀▀█i!██   ████
    V███   █  █W Y█████
      ~~▀███▄▄▄█['███
            ~~*██

Play

            │
    │      ███
    │      ███
    │      ███
    │   │  ███
   ███  │  ███
   ███ ███ ███
 │  ███ ███ ███
███ ███ ███ ███
███ ███  │   │
███ ███  │   │
 │   │
 │

Trade

           __▄▄████▄▄
     __▄▄███████████████▄▄▄
 _▄▄█████████▀▀~`,▄████████████▄▄▄
 ~▀▀████▀▀~`,_▄▄███████████████▀▀▀
   d█~  =▀███████████████▀▀
   ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄
  ,W█. *████▄▄__ '  __▄▄█████
  !██P  █████████████████████
   W█. - ██████████████████▀
  i██[   ~ ▀▀█████████▀▀▀
 g███!
Y███

Learn
gin113
Member
**
Offline Offline

Activity: 140
Merit: 14


View Profile
January 29, 2018, 12:58:17 PM
 #23

not sure if im correct but lets say everyone stops mining except a few, wouldnt those few earn all the rewards for them in a network?
dtuna
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
January 29, 2018, 01:04:50 PM
 #24

Eventhough it is not, my hashflare account says it is...
With the recent return rates I wouldnt invest another penny
Endikadija
Hero Member
*****
Offline Offline

Activity: 1458
Merit: 509


View Profile
January 29, 2018, 01:26:07 PM
 #25

Hey everyone,

So I know there are still coins getting made that can be mined but compared to how it used to be and how many tokens get made instead of actual blockchain cryptocurrencies that can be mined.

Could it get to the point where mining actual Cryptocurrencies comes to an end?


My thought that mining will come to its end asap.
More and more people were realized about the fact mining activity just like burn our earth as fast as possible. How mining activity consumes a lot of energy and then it will become an evil activity only to secure the network to be the decentralized.

The hybrid system will become preferable system rather than go all to the mining side.
brainitterem
Newbie
*
Offline Offline

Activity: 192
Merit: 0


View Profile
January 29, 2018, 01:34:52 PM
 #26

By time more and more coins will use another proof of work and less energy will be used. Only some old coins will still be mined in oldschool , but without gpu cards with special hardware.
jefbigbob70
Newbie
*
Offline Offline

Activity: 64
Merit: 0


View Profile
January 29, 2018, 02:25:28 PM
 #27

The price of new video cards is constantly increasing, this indicates a high demand for them. Every day, several crypto currencies appear, using video cards to confirm production. More and more practical applications of the unit require more crypto currency.
daglordjames
Member
**
Offline Offline

Activity: 550
Merit: 10


View Profile
January 29, 2018, 02:26:27 PM
 #28

i think there's a end of mining but we dont know when is the end of the mining and maybe it's going to end because it takes alot of energy.
bering
Legendary
*
Offline Offline

Activity: 2800
Merit: 1006


Leading Crypto Sports Betting & Casino Platform


View Profile
January 29, 2018, 04:04:59 PM
 #29

people always be figure out which way the most profitable to earn money from crypto and apparently mining isn't their primary options again because electricity cost is too expensive moreover in my view rather than investing their funds at mining tools then investing their money at ICO project is more good because you not necessary to buy expensive mining tools

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Vivisector999
Hero Member
*****
Offline Offline

Activity: 541
Merit: 500



View Profile
January 29, 2018, 04:24:47 PM
 #30

The true answer is No it will never "end". 

Now can the constant state of people constantly buying more and more miners and have them make money continue.  No.  Mining is pretty much big business now, which is what the original idea was against.  But as mining becomes less profitable, and more people stop mining, the difficulty drops, meaning more profitability for the people remaining, which then brings in more people again.  Its cyclical. 

Check out AC3  @ https://ac3.io/
Vik_the_Carpentner
Jr. Member
*
Offline Offline

Activity: 84
Merit: 4

Cryptocurrency Wallet - Denaro.io


View Profile
January 29, 2018, 04:29:37 PM
 #31

I heard the news that in some countries the distributors are allowing to buy only two videocards for each man but I can't still get a point how does they track that?

DENARO.IO   》   CRYPTOCURRENCY WALLET AND WORLDWIDE DEBIT CARDS
▬▬▬▬▬▬▬▬▬▬▬▬   PRE-ICO STARTS JAN 30,2018   ▬▬▬▬▬▬▬▬▬▬▬▬
sorrowfulnightcries
Member
**
Offline Offline

Activity: 144
Merit: 10


View Profile WWW
January 29, 2018, 04:35:07 PM
 #32

Hey everyone,

So I know there are still coins getting made that can be mined but compared to how it used to be and how many tokens get made instead of actual blockchain cryptocurrencies that can be mined.

Could it get to the point where mining actual Cryptocurrencies comes to an end?



I don't think so, right now I see mining community in cryptocurrency for just undergoing transitions since bitcoin mining is not very efficient now a days and requires a hefty sum of money to build a rig that can efficiently mine bitcoin miners and rigs alike have adapted into mining other possible and profitable altcoins which I think will continue to adapt whenever they face new challenges against mining cryptocurrencies.

faaty
Sr. Member
****
Offline Offline

Activity: 574
Merit: 250


View Profile
January 29, 2018, 04:46:11 PM
 #33

This is something we should discuss about in the near future. Mining will continue being an important reality of the cryptocurrency world for a couple of years for sure, but its importance will decrease as time passes. Energy consumption, earning profit for developers and selling most of the coins will be more important issue in my opinion. It will be important and indispensable for some coins such as Bitcoin and Monero, however most of the new coins will come with Proof of Stake algorithm, or some other new concepts
QuitPlayingGames
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
January 29, 2018, 04:52:11 PM
 #34

Mining will never end. Bitcoin mining will finish after 100+ years and there will be another coin that will come and miners will mine that.
audrey12
Full Member
***
Offline Offline

Activity: 210
Merit: 108



View Profile
January 29, 2018, 04:59:58 PM
 #35

Not quite I believe mining is still profitable at this moment though there are really needs for a good technology for you to gain good profit from mining still I believe this will continue in being one of the profitable activities for people in crypto currency market. There are still lot's of coins that can be mined so I'm sure mining will continue to evolve as well as people who use to do this.
cherry yu
Full Member
***
Offline Offline

Activity: 284
Merit: 100

Vertex.Market, the World's First ICO Aftermarket


View Profile
January 29, 2018, 09:34:18 PM
 #36

i think mining will not coming to and end. as long as bitcoin is there and many legit coin are coming out
mining is still be there. mining is one source of earning money without spending too much time. so bitcoiner that can afford to invest mining  are continue to do on mining.
mining are depend on the numbers of miner, so if there is miner mining will not end.

Leyss
Member
**
Offline Offline

Activity: 574
Merit: 12


View Profile
January 29, 2018, 09:51:36 PM
 #37

In my opinion, there is no fear that the possibility of mining a digital coin will end. The possibilities here are almost inexhaustible. And the energy in us for crypto currency is enough. In addition, most of all coins in us are not mined as a result of mining, but are issued in the form of tokens as a result of the ICO. Here, the possibilities are even greater, because tokens are used, as a rule, in a narrow sphere of our activity. And there are a lot of spheres of their application.
iigor
Full Member
***
Offline Offline

Activity: 434
Merit: 105



View Profile
January 29, 2018, 10:07:39 PM
 #38

Mining is very crucial part of cryptocurrency world. As long as we have Bitcoin, we will have miners.

kram31
Full Member
***
Offline Offline

Activity: 791
Merit: 139



View Profile
January 29, 2018, 10:08:00 PM
 #39

Hey everyone,

So I know there are still coins getting made that can be mined but compared to how it used to be and how many tokens get made instead of actual blockchain cryptocurrencies that can be mined.

Could it get to the point where mining actual Cryptocurrencies comes to an end?



I want to end the mining as it is consuming too much energy, this will cost more pollution to earth as we are not using the best way we can have on having energy. but at the other part of my mind also thinks that if miners are gone, will the transaction especially in bitcoin be slower?
The One Who Knocks
Jr. Member
*
Offline Offline

Activity: 41
Merit: 2


View Profile
January 29, 2018, 10:12:57 PM
 #40

Can anyone care to explain how can the mining of BTC end? I mean, isn't mining the sheer process of producing blocks to the blockchain? That won't ever end correct? So why is this talk about BTC being all mined? While I do understand some concepts that are harder to understand than this one, I haven't had the time to search for this answer yet. If someone could care to help me I would be really appreciated!
Pages: « 1 [2] 3 »  All
  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!