WHEN THE LAST COIN HAS BEEN MINED.

[Lawrenzoo]

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

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[pooya87]

have you tried searching your question?
always remember that such basic questions have already been asked hundreds of times. a quick search will bring up a lot of answers for you to read.
https://bitcoin.stackexchange.com/questions/66/will-deflation-destroy-bitcoin

[philipma1957]

So Btc:

 reward will be 6.25 in 2020
 Reward will be 3.125 in 2024
 Reward will be 1.5625 in 2028
 Reward will be 0.78125 in 2032
 Reward will be 0.390625 in 2036
 Reward will be 0.1953125 in 2040
 Reward will be 0.09760625 in 2044

Not to mention tax fees which need to grow to cover decreasing fees.

But in 2068  reward is 0.09760625/ 64   Which is not zero it is 0.00151

And in 2092 reward is 0.00151/64 which is 0.00002356

And let’s face it while the reward gets very small it does not go to zero  just a very small number.

At 2100 it is really small reward. Under 0.00000001 at the moment I think we only do 8 digits or 1/1000000 of a btc.   But my thoughts are we will extend that to

0.000000000001 down the road.

What is more important is tax fees. And coin prices.

[odolvlobo]

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again?

That seems to be a common misconception Consider this: each day, a million bitcoins are bought and sold, yet only 1800 are mined.

[mk4]

does that mean that people would not be able to buy it again?

Why wouldn't they be able to buy? Even if every single bitcoin gets mined today, people will still be able to buy. Why? Because the markets are open 24/7 and there will always be sellers in the market regardless of what the current supply is and what the future supply will be. The chances of there being absolutely ZERO sellers is next to impossible.

[linenoise]

Over 42 BTC in transaction fees were given to miners in the last day. Even without new coins being minted there will always be incentive to mine.

https://bitcoinvisuals.com/chain-fees-day

With the peak being nearly 1000 BTC in fees in one day the potential in a hundred years could be significant.

[Mandoy]

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

If all coins were mined then there is nothing to mine anymore. But buying and mining are two different things. Also if all coins were mined the buyer will not withdraw since mining and buying is different. It does not mean that if all coins were mined you can no longer buy. There is a difference between confirming a transaction and mining a block. Even if mining will already stop, the miners could still verify and confirm a transaction and will still earn transaction fees. But on the market since there will be no more coins to mine it means that the supply will no longer increased then that is a good chance for the value to go up except otherwise somebody dump their coins.

[Eclipse26]

We don't know what will actually happen if all coins were already mined and we'll never find out cause we're already dead by that time. But if all bitcoin were already mined, bitcoin will still continue circulating and to be used for trading. No more bitcoin to be mined doesn't mean it's already the end. And I think during that time, bitcoin will be more valuable.

[Betwrong]

Over 42 BTC in transaction fees were given to miners in the last day. Even without new coins being minted there will always be incentive to mine.
~

Also, if some miners will leave, the reward for those who remained will increase. Even 20 BTC daily in transaction fees is enough money to incentivize thousands of miners to keep mining. And I mean at today's price, let alone in hundred years from now. Also, with the development of new technologies the price of miners and energy consumption can drop significantly resulting in more profitable mining.

[DoublerHunter]

Over 42 BTC in transaction fees were given to miners in the last day. Even without new coins being minted there will always be incentive to mine.
~

Also, if some miners will leave, the reward for those who remained will increase. Even 20 BTC daily in transaction fees is enough money to incentivize thousands of miners to keep mining. And I mean at today's price, let alone in hundred years from now. Also, with the development of new technologies the price of miners and energy consumption can drop significantly resulting in more profitable mining.

^ Definitely right, as long as we continue making transaction it seems we feed all miners from the transaction. So, it means the more bitcoin transactions have and that is enough to reward miners. Some miners will come and go and replace another one. There's nothing long last to them because mining machine will encounter also a defect. Nevertheless, the answer is there is no accurate numbers where is last suppose to be mined.

[apoorvlathey]

Tell me do you trade the bitcoins directly with the miners only and that too every time? I guess no.
Consider this what if there no gold left on the earth to be mined? The remaining one in circulation would still continue to change hands regardless.

Similarly, when no new coins are mined the remaining coins would keep on transferring from one person to another. This eliminates any form of inflation as seen with fiat where the banks keep on printing notes till eternity.

[Betwrong]

Tell me do you trade the bitcoins directly with the miners only and that too every time? I guess no.
Consider this what if there no gold left on the earth to be mined? The remaining one in circulation would still continue to change hands regardless.

Similarly, when no new coins are mined the remaining coins would keep on transferring from one person to another.

I think this is a wrong analogy. Bitcoin can't exist, or "change hands", without miners, while gold perfectly can. So, answering the question, we should rather concentrate on the motivation for miners to continue doing their job. And the motivation will always be there, as shown in the comments above.

[Casdinyard]

It hasn't happened yet, so don't think about it now

Nice. HAHAHA!

Tell me do you trade the bitcoins directly with the miners only and that too every time? I guess no.
Consider this what if there no gold left on the earth to be mined? The remaining one in circulation would still continue to change hands regardless.

Similarly, when no new coins are mined the remaining coins would keep on transferring from one person to another.

I think this is a wrong analogy. Bitcoin can't exist, or "change hands", without miners, while gold perfectly can. So, answering the question, we should rather concentrate on the motivation for miners to continue doing their job. And the motivation will always be there, as shown in the comments above.

I would agree with that, I mean how you can transfer bitcoin if there will be no miners and bitcoin isn't something tangible that you can just transfer by hand.

would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

I doubt that he couldn't get the logic not unless that person is new in crypto currency. Imagine if the last coin will be mined while the surge of demand is there, what could possibly happen? Simply, the law of supply and demand.

Bitcoin is not an altcoin that could be easily exhausted in the market.

[Mandoy]

It hasn't happened yet, so don't think about it now

The answer is so funny. There are already answers to that questions and it is a very important news and information about bitcoin. I have already explained what will happen when the last bitcoin will mine and I will no longer mention it again. But the relevance of knowing what will happen when all the coin will be mined is very important as a miner and as a trader. As a trader when all coins are mined then that will be the start of bitcoins value increasing since there are no longer additional coin supply being sold at the exchanges.

[hello_good_sir]

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

Here's some outcomes that could happen if a coin with a limited supply ran out and was basically unable to be mined.

1. Transaction fees would instantly go up, to accommodate the lack of block rewards being a thing and transactions would likely become a lot more expensive consistently.

2. The coin would die, or be dead before it's fully mined out - this is my personal prediction for Bitcoin, don't think it'll survive enough for every last coin to be mined out.

3. It would only be available for purchases on exchanges and P2P, with there being no supply, demand and the price would instantly rock up causing the coin to be instantly worth a lot more.

[WandererofCrypto]

Miners still earn hefty transaction fees and as the price of BTC should continue to rise as economic theory would dictate the transaction fees will cover their mining operations. Furthermore, there's nothing to stop people from conducting transactions especially if BTC continues to move the way it does.

[odolvlobo]

1. Transaction fees would instantly go up, to accommodate the lack of block rewards being a thing and transactions would likely become a lot more expensive consistently.

Eliminating the subsidy does not affect supply or demand of block space, so how can it affect the price?

2. The coin would die, or be dead before it's fully mined out - this is my personal prediction for Bitcoin, don't think it'll survive enough for every last coin to be mined out.

The evidence contradicts you. The subsidy has been halved twice now, and rather than Bitcoin approaching death as the subsidy approaches 0, Bitcoin is growing. Also, there are coins that have no subsidy and are mined just for fees, and while they may ultimately die, it won't be because they have no subsidy.

3. It would only be available for purchases on exchanges and P2P, with there being no supply, demand and the price would instantly rock up causing the coin to be instantly worth a lot more.

You are confusing "production" with "supply". Even if no more coins are mined, there will still be a supply. There will always be people who are willing to sell their bitcoins -- that's the definition of supply.

Furthermore, demand (and price) would not "instantly rock up". Scarcity does not affect demand. People won't want to buy more bitcoins just because they are no longer produced.

[GideonGono]

does that mean that people would not be able to buy it again?

Why wouldn't they be able to buy? Even if every single bitcoin gets mined today, people will still be able to buy. Why? Because the markets are open 24/7 and there will always be sellers in the market regardless of what the current supply is and what the future supply will be. The chances of there being absolutely ZERO sellers is next to impossible.

Yup, think a reality on how if all over the world if the gold was already mined? So if this was happen then the gold can increase the price depend on the demand of it. It is like crypto when the supply limit then the demand would increase, the bitcoin will be more expensive.

[crossabdd]

usually in economics is when an item is scarce to obtain, its value will increase. so, I don't think people can withdraw from bitcoin, while for every 21000 blocks, bitcoin will make half the scarcity of mining rewards. so bitcoin is increasingly difficult to mine. and what if the last bitcoin has been mined? Can it still be a transaction? it has already been explained. Even though the last Bitcoin has been mined, the transaction will not stop. miners can still verify. and maybe that will happen in 2140 years.

[qwertyup23]

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

It is estimated that by the year 2140, all the remaining bitcoins will be mined out and its overall supply of 21 million will be spread throughout the world on each individual. When this time comes, expect miners to profit from the transaction fees as bitcoin prices will be significantly high. This is also the reason on why most are expecting its price to pump and HODLing most of their coins at the moment.