Will Bitcoin collapse after 21 million coins are mined?

[zakalwe]

Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.

[fernandoaleixo]

I believe until there someone will have developed an option to make it last more time, even today there are people already trying that, and new alt-coins being born from such discussions.

[Asyifiah]

Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.

I'am agree with your statement , until this day I can't understand if 21 million BTC has been create from miner.
I think cost for send BTC will be expensive , because hasrate its very high.

[AlphaWolf]

Thats a long way to go. And even if the miners stop mining Bitcoin and it becomes a threat to the safety of Bitcoin network then the Bitcoin devs can always shift to a different algorithm like Proof of Stake or whatever new innovations are made.

[leynuuuh]

There is a possibility that it can. 21 million is the number of total supply in the world and it will last until hundreds of year to mine all those 21 million. That is lot of amount by the way, it is gettinv harder everyday. If the supply runs out, good luck.

[hosseinimr93]

Nothing will be changed.
Now only 12.5 bitcoins are generated in every block. Compare it when the number of generated coins was 50. This number has dropped by 37.5. Is the mining stopped?

[selezneve]

Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.

Do you really need to worry about things that will happen  after your death ? 2140 is really very far and bitcoins might not be able to survive by then. If you are still interested in the answer, if bitcoins survived till the last coin was mined, it will be because it becomes a commonly used payment option. And in that case, I see the demand only increasing more in future. Since the supply will reduce as no more mining is done, prices will move up faster.

[leonair]

You asked if Bitcoin will collapse upon reaching 21m coins, you knew that it will happen in 2140, then said no one can predict what will happen.
Why the hell you still ask for other's opinion if you already answered your question.

"miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.

You said that no one can predict what will happen next but your assumptions will really make Bitcoin collapse?

[brotherwood12]

dunoo , but my opinion bitcoin price will get higher
i have experience about some coin that stop their faucet , and burn their coin to get max supply , 4 month after , the coin rising up from 0,2 to 20-40  $
and i think it will same with bitcoin

[makolz26]

Bitcoin based on the experts will not collapsed even though it have already reached its maximum or already fully mined, besides it will took more than 100 years before it happened and when that moment comes for sure bitcoin is already have a big name in over the world.

[frank2018]

I think it will not be possible in a short span of time. Mining only provides a very small value. A year will only give you a small amount which cannot even deduct 1 btc. Mining isn't that gallant that it can give enough to those who looks for free bitcoins.

[godzillarekt007]

If Bitcoin made it to 2140 for real, that would be unreal and I think beyond most of our expectations here. Hard to believe any industry can go that long without being changed, but finance did it before for over 200 years perhaps it can happen again. Dont rule it out is all I am saying.

[Isolation]

Miners will make money from transaction fees still, so it shouldn't collapse. They should continue mining to keep the network secure, and people will still run non-mining full nodes as a hobby or for their own security.

2140 is a long time away though. If Bitcoin is popular 120 years from now, there's no way it would resemble the Bitcoin we know today. Developers are already working on ways to have instant transactions off chain, with many other people running nodes to test out this technology. Then you hear about many other ideas that aren't yet being worked on. A lot can change in 120 years.

[sandor111]

I understand that miners will still get miner fees from each transaction, but will that be profitable for them? I really doubt. For example if miners received only transaction fees and no block rewards today, it would not be profitable for them today. The electricity would cost more. And we all want transaction fees to be low, because bitcoin is useless if fee for one transaction is $20 or more. That's why services like Lightning Network are being developed to reduce fees even more. So how is this going to be profitable for miners if the fees will not increase dramatically?

[odolvlobo]

• The subsidy is reduced every 4 years until about 2140. It will be only 1 satoshi per block for the four years prior to that. It will drop to less than 1 BTC per block in about 15 years.
• In the future, mining will be supported primarily by fees as the subsidy is reduced.
• When some miners quit because they cannot mine profitably, the remaining miners will continue to mine profitably.
• As long as the block reward (whether consisting of fees or fees+subsidy) has value, there will be miners.

[Fazlurkhan.kz]

Even after the completion of mining of bitcoins, there will still be need of miners to complete transactions through bitcoin and if it is used by the people for their daily transactions there would still be profitable in the mining business then keeping it still invulnerable and preventing it from collapsing.
Of course, it can not stay as an asset of earning by HODLING forever. There will come a time when it will be used for the purpose of its creation and that will also prevent it from collapsing.

[monkeydominicorobin]

Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.

What about IOTA? There is nothing like that but it is not collapsing. It is not incentivizing miners since they don't have one. Yet it is not collapsing. So what happened to your half baked thoughts? It's collapsing.

[jemuyugo]

If bitcoin releases 21 million bits of mine I think the miners will move on to the other coin. The value of bitcoin will be quite high because bitcoin has limited quantity and transaction fees will be quite high.

[ostrovagaly]

I think that nothing will change because as it gets to the last bitcoin there will probably be a high price and it will not change.

[Xester]

Bitcoin will not collapsed after 21 million coins are mined. This is one of the fears among bitcoin users as if this is the end of the world for bitcoin. But let us discuss two kinds of things wherein miners would earn; first from mining bitcoins and second is through transaction fees. This would mean that even all of the bitcoin were mined miners will still work and their work is to process blocks of transactions and confirm it to avoid double spending. Thus even if all bitcoins are mine bitcoins will still be there and we can still continue to enjoy using it.