At what point does mining stop?

[Adnanzzz]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

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[RawDog]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

Mining stops as soon a Russia, China, North Korea and the US set off all their nuclear bombs on the same day.  Then, all the miners are completely fucked and they will stop altogether. 

[moiseeva]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

It will stop till the set number of Bitcoins is mined. Regarding profitability, the price will keep rising and it would be profitable.

[bitperson]

Keep in mind that block miners don't collect just the reward in newly minted bitcoins but also the fees for the transactions they include in their block.

[RNC]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

Other coins don't all use mining so why does Bitcoin anyway and if the miners make money from new coins then
how come they robbed us with transactions fees costing me $37.22 last month because something does not seem
right about this.

[talkbitcoin]

mining will never stop because that is how the design works. it can stop only if every single person the the planet stopped using bitcoin.

the "design" is that if for any reason some miners stop mining (for example like the time when they switched to mine bitcoin cash and dump it for bigger profit) the difficulty will drop and make it easier for the rest of the miners to find blocks at a normal rate (1 block every 10 min on average). and it is adjusted every 2 weeks if i understood the adjustment correctly.

[HeRetiK]

It will stop till the set number of Bitcoins is mined. Regarding profitability, the price will keep rising and it would be profitable.

Bitcoin mining will continue even after the last bit of block reward has been distributed. That's what the transaction fees are for.

Other coins don't all use mining so why does Bitcoin anyway and if the miners make money from new coins then
how come they robbed us with transactions fees costing me $37.22 last month because something does not seem
right about this.

Because without the likes of PoW and arguably PoS you don't achieve a secure, decentralized consensus. Those alts that did away with PoW without introducing a different PoX algorithm are depending on either central verification or a set of trusted third parties, at which points you might as well use Credit Cards or Microsoft Points.

mining will never stop because that is how the design works. it can stop only if every single person the the planet stopped using bitcoin.

the "design" is that if for any reason some miners stop mining (for example like the time when they switched to mine bitcoin cash and dump it for bigger profit) the difficulty will drop and make it easier for the rest of the miners to find blocks at a normal rate (1 block every 10 min on average). and it is adjusted every 2 weeks if i understood the adjustment correctly.

Correct. Mining equilibrium will always be reached. How else would Bitcoin have been secured when it was priced at just a few cents?

Note that the difficulty adjustment period is calculated in blocks, so those 2 weeks can be shorter or longer, depending on whether the hashrate grows or declines. Same goes for the 4 year halving period.

[heisenberg0000]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

I dont think there is a certain stop point at mining. Because at the end of the day we cannot focus mining into btc only. There are a lot of other coins which is profitable for mining. So I think the only way mining would stop is if there would be a  new technology that could phase out mining itself. Probably something that would no longer require GPU's and computers and would consume lest energy.

[Smith871]

To see what happens when everyone stop mining bitcoin, let’s see how transactions are created in the bitcoin network. When this is perfectly clear, we can deduce what the first thing is that will happen after everyone stops mining. Next, we can speculate about what happens after that point in time

[jj007]

Bitcoin mining refers to the process of hashing, or using computers to solve complex algorithms. When an algorithm is solved, a new block of transactions is created and added to the blockchain. The blockchain is the public record, or ledger, of all Bitcoin transactions.Whenever Bitcoin transactions are carried out, they’re first broadcasted to the whole network and then get added to the blockchain via the miners. The process of hashing is therefore vital to deciding which transaction takes precedence (since not all transactions can fit inside a single block). If miners stopped mining, the entire Bitcoin system might actually collapse.

[Troysen]

I think mining Bitcoin will only stop when the set limit of coins is achieved, however even if the miners pulled the plug, bitcoin wouldn't be dead just yet, the available mined coins will continue to circulate even if being traded at low prices.

[Heisenberg_Hunter]

Mining of coins will continue until the block reward is as low as 1 satoshi. Block reward reduces every 4 years and as the days passes by the block reward becomes so low and the last satoshi will be mined. When the block reward reduces from time to time the miners who are running out of profits will include their mining fees on the transactions and the fees for the transaction will sky rocket. So, to prevent such thing, segwits were introduced which reduces the size of each transaction and large number of transactions can be fit inside a 1mb block.
Once when the mining concludes(i.e last satoshi is mined and no more block rewards), new technologies such as Lightning network comes into existence and hence the transactions may be done off chain and the fees may be saved.

[heureca]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

At present I think it is around 2k $ for 1 BTC. However, it is also the reason that BTC price will not be less than 2-3k $

[gandhe83]

To see what happens when everyone stop mining bitcoin, let’s see how transactions are created in the bitcoin network. When this is perfectly clear, we can deduce what the first thing is that will happen after everyone stops mining. Next, we can speculate about what happens after that point in time

Yes, The mining industry will stop if the cryptocurrency market no longer exists. Because it does not create any value. That means the mysterious code has been eliminated all over the world, including ICO projects. This is unlikely because cryptocurrency is increasingly accepted by the international community for real and utility value.

[Deddy_Kazekage]

Mining never stops .. just from a slow mine for an income depends on the market price of a digitized digital currency.

[dvillier]

As for my research is concerned I have searched it out that There are only 21 million Bitcoins in the mining site. When all these crypto currencies are all mined then no new digital currency will be prepared. So no one can exact predict that at which point this mining will stop as more people are getting towards it so it seems like it never be stop.

[Matildada]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

I don't think the miners will stop digging for bitcoin. Now the price of bitcoin is much higher than the cost of digging up bitcoin, and when profits are down, they will not stop, they will choose to continue.

[Tipsters]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

There is no break-even point because at this point, bitcoin will not reach below 1000 USD since it is very famous. But if what you are saying is given the chance to happen, miners will just modify the type of coin they are mining and still the crypto market will be alive without bitcoin. Plus, they can't pull the plug since it is their investment and they will find a way to mine for bitcoins again with a profitable reward.

[JL421]

It won't stop ever and why would you even want mining to stop the only way transactions are sent to each is when a miner verifies it is broadcasted on the network if ming stop bitcoin is dead as it would take days to get 1 confirmation mining keeps the network running

[queenhallmark]

There are only 21 million Bitcoins available for mining. Once all of those Bitcoins have been mined, no more new Bitcoins will ever be created. This stands in stark contrast to national currencies, which are constantly expanding. Governments like to encourage inflation, so they generally increase the money supply. This leads to the devaluing of currencies, however, and in practice, it can reduce the wealth held by individuals and families.

[Kakmakr]

There is not a single price point, where the mining cost will exceed the price of bitcoins for everyone. The reason for this is the price of electricity and the fact that the price differ from one country to the next.

The solar energy solutions are improving every year, becoming cheaper and also more efficient and as this becomes cheaper, people will be paying less for their small mining operations. Some friends of mine are mining Alt coins with surplus solar energy, provided for free by their work. <massive warehouses, covered with solar panels> 

[ArnoldChippy]

There are only 21 million Bitcoins available for mining. Once all of those Bitcoins have been mined, no more new Bitcoins will ever be created. This stands in stark contrast to national currencies, which are constantly expanding. Governments like to encourage inflation, so they generally increase the money supply. This leads to the devaluing of currencies, however, and in practice, it can reduce the wealth held by individuals and families.

Once all bitcoin will mine i think that its price will become skyrocket because the demand is already increasing from time to time while the supply is decreasing, i think when supply will stop then people will hold their bitcoin and not sell it and that is the reason the demand will increasing from time to time may be in near future bitcoin will be trading above 50000$.

[Shenzou]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

Well no, the bitcoin mining is always going to be profitable no matter what the price is , the block  mining time and the difficulty are always chaning in order to adapt to the number of miners that are mining bitcoin, so if the bitcoin price goes down so is the mining time so means it will cost less to mine bitcoin, so as long as there is electricity and pople trying to mine even with their GPU's there will always be profit from bitcoin mining.

[Fredyink]

There will always be coins that are collected from fees, so mining will never stop.
Maybe some comet will end mining...and the rest of the world.

[seven2smoke1]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

Well no, the bitcoin mining is always going to be profitable no matter what the price is , the block  mining time and the difficulty are always chaning in order to adapt to the number of miners that are mining bitcoin, so if the bitcoin price goes down so is the mining time so means it will cost less to mine bitcoin, so as long as there is electricity and pople trying to mine even with their GPU's there will always be profit from bitcoin mining.

Well, this is true. Mining will be profitable even the price is too low, I don't think that mining will stop at any point in the future as long as there is electricity. This is right that the difficulty of bitcoin mining increase which you can't make a good profit unless you buy a good hardware, Like Antminer S9 or maybe with GPU's. I know some friends use GPU's and they made already a good profit each day even with this difficulty.

[Capt00]

It could be possibly stop when crypto have no longer in service or mining isn't profitable. Since crypto are still alive, it will still be their and always make returns. But due to the largely growth of competition in mining fields, it seems to be not giving them a good profit and some of them are just quitting from mining.

[Manoharachan]

The beginning of bitcoin is very cheap and it is not an obstacle for the miners, but at this time the price is still high and becomes a profit for the miners, and when the price goes down I think the miners already have a reserve fund for tool maintenance and they will sell again bitcoin at the time the price goes up again.

[buternasek]

for now the miners will not stop, they certainly have a way to minimize losses.
and I'm sure, even though bitcoin prices are plummeting as they do today, they can still benefit from mining.
they will stop mining if bitcoin has run out. and nothing else can be mining

[error08]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore?

It's not profitable if you just have few ASICs in your home, mining is a big business which require lots of resource and capital to get started.

What is the break-even point?

There is no specific amount for everyone, it's depends on how much you have invested, electricity costs and bitcoin price.

What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

Miners will stay for months without profit, maybe 3-6 months or at least a year for a big player. If mining doesn't cover electricity costs, new miners will suffer under a huge losses. But for some miners, it's a natural selection to get rid of incompetent miners and the rest will get more bitcoin.
Bitcoin will never die, not until the nuclear war takes place.

[daarul50]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore?

It's not profitable if you just have few ASICs in your home, mining is a big business which require lots of resource and capital to get started.

What is the break-even point?

There is no specific amount for everyone, it's depends on how much you have invested, electricity costs and bitcoin price.

What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

Miners will stay for months without profit, maybe 3-6 months or at least a year for a big player. If mining doesn't cover electricity costs, new miners will suffer under a huge losses. But for some miners, it's a natural selection to get rid of incompetent miners and the rest will get more bitcoin.
Bitcoin will never die, not until the nuclear war takes place.

Miners who have no confidence in the prospect of bitcoin in the future can touch the latest highs will not be strong to survive when the current market price conditions are always declining because they are only chasing the momentary profits from their mining and it is very profitable for the real miners who continue to do mining because if bitcoins are fully or completely mined they will divert their miners to mine another coin according to the algorithm that their mining device has and wait for the coin to rise in price.

[idgaf007]

It will never stop because people will find a way to have passive income one way or the other. It would sometimes give you small income because of the duffuculty but most of the miners including myself are playing it for a long game, just accumulating crypto and waiting for the next bull run to push my coins to new all time high.

[Gintama214]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

I think the time that bitcoin will never ever be profitable by mining is when the bill prices will exceed its natural point which you are just wasting your money and time due to that you are spending more on your electricity than earning. Breakpoint has many possibilities and you can think any possibility, pulling your plug will not do anything because bitcoin will still be running and many people are still going to try mine even tho the price is really really low. So don't expect BTC will dead, BTC is not based on how many people are mining its about how people invest with bitcoin.

[ArnoldChippy]

for now the miners will not stop, they certainly have a way to minimize losses.
and I'm sure, even though bitcoin prices are plummeting as they do today, they can still benefit from mining.
they will stop mining if bitcoin has run out. and nothing else can be mining

Although their profit may decreased as new minors have  installed their setup and because of the decreasing number of bitcoin left to mine, but still they will continue mining because they have invested a big amount of money for mining setup, that is also a fact that they will use different method to minimize their electricity cost.

[colenax]

With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?

silly, bitcoin will not die. the market becomes very low it is commonplace in the trade.
to avoid what you feel, you have to find ways to fend off every confusing situation. even you can invest in bitcoin to cover your losses on the first investment.

[maksimmaksimov]

In this respect, your key is similar to a password that allows you to access your money. The main difference is that you can not reset it, like a password, if you lose or forget it.

[petrserebrennikov321]

If the block has passed validation, the transactions are considered approved. By this time the fresh block has already reached each customer and is added to the chain.

[xxToaDxx]

There ar solely twenty one million Bitcoins accessible for mining. Once all of these Bitcoins are strip-mined, no additional new Bitcoins can ever be created. This stands in stark distinction to national currencies, that ar perpetually increasing. Governments wish to encourage inflation, in order that they usually increase the money provide. This ends up in the devaluing of currencies, however, and in follow, it will cut back the wealth control by people and families.

[mOgliE]

Hi,

I think that in most Western countries, it is currently unprofitale to mine if you do it on your own. Electricity prices are already too high.

This is why currently mining is mostly the business of compagnies, using the own appliances and power. That's quite logical.

At some point, though, mining will come to an end. At that moment, for the compagnies which had invested in it, their furniture ought better to be written off. And at that moment, for sure, bitcoin and its community will face an unprecedented situation!