What will happen when the last Bitcoin is mined ?

[Ricky.Libertarian]

Hello,

In your  opinion, which changes will occur in the Bitcoin Market once the last bitcoin is mined ?

Will the price increase because of rarity ?

Will fees skyrocket in order to pay for miners ?

Will the number of miners decrease, resulting in lower security ?

[Nadziratel]

After each Bitcoin halving period, the price of Bitcoin rose rapidly. Based on this data, the last Bitcoin is mined, and when there are no block prizes left, the price should rise.

But we will all see what will happen when its come.

[Artemis3]

Hello,

In your  opinion, which changes will occur in the Bitcoin Market once the last bitcoin is mined ?

Will the price increase because of rarity ?

Will fees skyrocket in order to pay for miners ?

Will the number of miners decrease, resulting in lower security ?

No because by the time the last one is made (in 2140) the rate of production would have slowed down so much that you wouldn't even notice more bitcoins were still being made.

Bitcoin production follows a logarithmic curve, where most are produced in the first few years, rapidly decelerating production overtime slowing down to a crawl. This is also going to stabilize its price overtime, against "stable" things like gold, not fiat which is intentionally devalued by governments over time.

This curve also happens to match its price rise against the same "stable" things. We may have perhaps seen the most gains in bitcoin's lifetime, while it will keep going up, it will slow down more and more until it goes slightly up against "stable things" (like gold) in the next century or so.

The number of miners will decrease (following the same curve) but it won't result in lower security. It still costs to mine, and this cost is going up (following the same curve). Actually fees won't be affected, and because of offchain solutions like LN, might go flat under 1 sat/B (which i use right now).

[mk4]

Will the price increase because of rarity ?

Maybe, maybe not. It still really depends on the overall demand. Regardless if it's scarce or not, if there's little to no demand, the price still won't increase.

Will fees skyrocket in order to pay for miners ?

Fees will skyrocket only if people are actually using bitcoin to transact at that time. At that time though, bitcoin should probably be adopted already.

Will the number of miners decrease, resulting in lower security ?

Completely depends on bitcoin's price and if it's actually worth mining, and how much transactions are actually occurring.

[killat]

When last Bitcoin will be mined we'll be all dead since long time, so I don't think this should be a concern that matters right now.

However, the price will rise most likely as there won't be any new btc to be generated.

[Kakmakr]

It is very difficult to answer this question, because we do not know if Bitcoin will still be around by then. <It is several years in the future and a lot of things can happen until year 2140>  We already see a lot of governments and Private companies working on their own coins, so one of those might be more desirable or it might be forced onto people and it might replace Bitcoin. 

The theory is that it should increase in value, because ALL bitcoins are mined and the Block reward would expire, so hopefully there will be enough transactions that would generate enough miners fees to replace the Block rewards. If this does not happen, miners will leave because it is not financially viable for them to continue. 

[xvids]

For me the price of Bitcoin would surely increase and the fee's would also sky rocket just to maintain the miners after all it is their only income .
If the fee drops down then surely the miners wouldn't want to continue since they wouldn't get a profit .
Electricity and maintenance for their farm is also expensive so why would they continue to operate if the money that they get from mining is low and would only go to maintenance and electric bills?

[Janation]

Obviously, noone will mine Bitcoin again.

Why are we asking this? Did you know that this will be a long time from now? Miners will be sticking for long for the fees, and I am seeing an expensive price from that fees because that will be the only way miners will ever stick to Bitcoin. Though the miners now will obviously be dead at that time because that is still a long time from now.

[avikz]

The last bitcoin is expected to be mined in 2139. So our generation is not going to be bothered about the last bitcoin. Now please use a little Google search to know the possible scenarios. The internet is full with similar articles. Let me give you few links to read.

Link 1:
https://news.bitcoin.com/what-happens-bitcoin-miners-all-coins-mined/

Link 2:
https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/

Now to your specific question, the price is expected to be increased because of its limited supply. Just like oil and gold, if the demand stays same and supply decreases, the price is expected to be increased.

The fees is also expected to rise because miners will have to rely solely on mining fees. Many will find this process reward unaffordable and choose to quit. However, this particular area is diecy and no one will surely tell you what's gonna happen. All we can do is speculate!

[PodMiners]

Bitcoin never gets ended as the hard currency never comes to an end.
In case this happens, then the price will rise because of the rarity of the bitcoin.

[yazher]

I guess if the Bitcoin still holds its popularity the price will be increasing day by day when all of the holders patiently hold their bitcoins the price will skyrocket. This is the most popular speculation out there before LiIbra came into existence, now we won't know what does it bring after they mined all of the Bitcoins out there.

Like I said If it still holds its popularity then there's no need to worry about its extinction but if it is outshined by its contender obviously LIbra then All I can say It's All over. But remember right now there can't be a single Altcoins the can outrun the popularity of Bitcoins but we wouldn't know after the last Bitcoin is mined.  

[putukin]

The last Bitcoin will be mined more than 100 years. It seems to me that this question should not worry you  Although perhaps you are immortal.
I’m more interested in whether Bitcoin can defeat the fiat centralized empire.

[Betwrong]

~
Will fees skyrocket in order to pay for miners ?

It depends on how many transactions can fit in the block at the time, how much electricity will cost and how many miners will be present in the network (since the less miners left the easier to mine for the remaining ones). I think Tx fee can be determined from the following formula

(Tx fee) x (number of txs per block) x (Probability of mining a block in a month) - (monthly maintenance costs) = Expected Montrhly Profit from mining (EMP).

The EMP should be large enough to ensure that miners are interested in participating in the mining process.


I invented this formula today, and if it is wrong please correct me.

[thirdprize]

I would be surprised if computers and the internet as we know it are still around in 50 years time.  You might get Bitcoin running on some legacy network used by the main exchanges, if they are still around.

[kryptqnick]

Hello,

In your  opinion, which changes will occur in the Bitcoin Market once the last bitcoin is mined ?

Will the price increase because of rarity ?

Will fees skyrocket in order to pay for miners ?

Will the number of miners decrease, resulting in lower security ?

None of us are likely to live till it happens, and long-term predictions of the future as distant as this are generally very inaccurate. Bitcoin might not even live till that moment if quantum computers make this encryption unsafe. Or people might live in a post-apocalyptic world of some sort where barter is the main way of getting goods and services.
If society keeps going as it is now, I think it will lead to rapid transaction fee growth along with the price growth unless the scalability issue is somehow solved till then.

[silver23]

i think the point one and two is will happen if the last Bitcoin is already mined.
of course price of Bitcoin will grow so high because so hard to get it and maybe fee of BTC is expansive for miners.
but this is the main of Bitcoin system, when all Bitcoin is mined that the new ERA of cryptocurrency will begin.

[mohdk52]

Then bitcoin will be move from one owner to another and hardly ever someone will buy all bitcoins

[jake zyrus]

That would happen after a very long time so basically we don't know. Bitcoin would probably continue to circulate but there's also a possibility, new crypto will be made and would lead. There's a lot of possibility. And by the time bitcoin would reach the last bitcoin to be mined, the technology is already very advance so we really have no idea.

[Rubick99]

I think when all of the stock bitcoin already mined, there is no give a big impact as you mentioned above. It can be like gold that has the cheapest price but it can't be breaking then the highest price can be reached and so on. Not so easily say that if bitcoin already out of stocks then it will bull forever.

[Yasien Sayidiman]

Hello,

In your  opinion, which changes will occur in the Bitcoin Market once the last bitcoin is mined ?

Will the price increase because of rarity ?

Will fees skyrocket in order to pay for miners ?

Will the number of miners decrease, resulting in lower security ?

This posting awesome , I agree with you, seems the miner will try quit mining .
they only paid little fee for sending bitcoin & worry 51% attack will happen

seems human being will using gold and silver as main currency , because bank was totally die

but 2140 very very long time to wait bitcoin long live currency