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Author Topic: Mining BTC after 21M  (Read 98 times)
Dread Pirate Roberts
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February 04, 2018, 12:36:09 PM
 #21

Nowdays mining is pretty complicated and also requires enormous capital to see the results that much. thats is because of the block of bitcoin itsself
but if the price is really going to reach 100k I think it's no longer a problem. because now this miner more judge than the amount of coin. not from the amount value of usd .
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February 04, 2018, 12:37:13 PM
 #22

So it is year 2024 and the max BTC supply is reached at ~21M. 

I'll speculate that the price of energy around the world will be higher than it is today, so that will cut into the miners profits. They will also be receiving their BTC on fees alone, not the generation of BTC for completing the block (like today).

Will it be economical to continue mining BTC going forward? The large mining operations can always set up a solar panel system to reduce energy costs.

Even if some of the larger miners shut down, I'm sure there will be enough miners around the world where the blocks will still be completed, but it may take longer. (The mempool may grow like it did before X-mas last year)  I'm not exactly sure how the lightning network will affect the mempool....?

Is it possible that the S/W for BTC may be augmented to a semi POS type of system?
Anyone could have predicted bitcoin would survive or not, depending on the bitcoin enthusiasts in the next generation if there are still many devotees until whenever it will definitely last long and if no fans are sure to collapse, I think we better not most predictions better keep quality to last long.
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