What will happen to miners when Bitcoin limit supply completely mined?

[rijaljun]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

[1713924985]

1713924985

[1713924985]

1713924985

[mk4]

Time will tell. The 2140 estimated year is a loooong time from today. Assuming the Bitcoin network still exists and is still up and running at that time, we should probably expect that there will be a lot of transactions that will be taking place on the network(both on-chain and off-chain txs); and we should also probably assume that bitcoin's price is far higher at that time. That should probably(?) be enough bitcoin for the miners to collect fees and profit from.

[TravelMug]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

You don't need to wait for 2140, the next bitcoin block halving will be a good leverage to see how much money is to make base on fees and miners profitability. Almost 86% of all bitcoin have been mined so far, add that to the many bitcoins that has been lost, we are closer that everyone thinks to the fact that "almost all" has been mined.

What's your opinion about this?

• What happens when all bitcoins are mined?
• WHAT HAPPENS WHEN THE LAST BITCOIN IS MINED?
• How will Bitcoin survive after all 21M coins have been mined?
• What will happen if all 21 Million BTC are mined?
• What will happen after all bitcoins will be generated?
• what happens when all the bitcoins have been mined?
• Bitcoin after 5 Halving - 10 years from now - What will be its price?
• when all bitcoins are mined, then what
  

[AniviaBtc]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

When that time comes since they give low transactions fees, it is not enough for the hard-worker bitcoin miner who want to gain more profit. We need to give credit to those people who spend their time mining for us who want to own a bitcoin. We need to increase the transaction fees for them to gain profit as an exchange to their hardwork.

[uray]

we should also probably assume that bitcoin's price is far higher at that time. That should probably(?) be enough bitcoin for the miners to collect fees and profit from.

That is the assumption where miners will be able to survive with the transaction fees alone in the future and sure we have a lot of time when all the coins are mined, but there are a lot of development yet to be done to include more transaction in a block for that to be realistic as no one will pay a higher transaction fees to retain the miners and i am sure the developers will come up with a solution .

[teosanru]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

You don't need to wait for 2140, the next bitcoin block halving will be a good leverage to see how much money is to make base on fees and miners profitability. Almost 86% of all bitcoin have been mined so far, add that to the many bitcoins that has been lost, we are closer that everyone thinks to the fact that "almost all" has been mined.

Pretty well said, moreover with coming of supercomputer the efficiency of mining can be greatly improved but this comes with a greater price tag which would be a problem for miners. As prices of computer power keeps on increasing and rewards keep on decreasing only thing which could keep miners back to life is if the prices increase exponentially but however that also will bring scalability issues to bitcoin which could further affect it's usage and price so it's kind of a vicious circle going around.

[CryptoBry]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible? What's your opinion about this?

In case Bitcoin miners will only be relying on transaction fees then I think many of them will be getting out of business as there is a big possibility that the whole enterprise may not anymore be profitable (especially as compared at today's numbers). Now, I know that 2140 is quite a long, long way ahead of 2019 and I am sure all of here in this forum can already be gone to the "kingdom come" so personally this concern would not bother me at all. But then again, there is a possibility that fewer miners will continue doing business and then transaction volume have gone to the stratosphere already.

[ChrisPop]

This is a very hot topic and should interest all the people in the crypto community. As I know all the bitcoins will be mined by 2140. Until then the price of Bitcoin should increase considerably in order for miners to still make a profit as the block rewards will drop significantly. This is a very bullish fundamental factor if you ask me.

After all the bitcoins will be mined I think we should be at a level where Bitcoin is already pretty much adopted and is massively used for day-to-day transactions. Many transactions translates in more fees for miners that will hopefully compensate for no block rewards.

[CLS63]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

It is so hard to make guesses about what will Bitcoin miners do in 2140. There is more than one hundred years to that time. But if I make a guess, I say that the transaction fees  Bitcoin miners may not be enough for them while we want as lower fees as possible.

[avikz]

This topic has been discussed many times here. A simple Google sear h would have given the correct answer. Read the below article to know what will happen once all 21 million bitcoins are mined.

https://99bitcoins.com/what-will-happen-when-all-bitcoins-are-mined/

The last bitcoin is estimated to be mined in 2140. Our next to next generation is probably going to see this.

[kryptqnick]

Obviously, miners will have to live off the transaction fees. Some suggest, like the article avikz mentioned, that the transaction fees will continue to rise, and thus miners will stay motivated. I think miners will have quite a lot of work with transaction confirmations, but if the fees are truly going to rise, it can be a big problem, because even $5-$10 seems like a lot to pay. Basically, it would mean that Bitcoin would become suitable only for huge transactions. But perhaps the bigger number of transactions and some miners going out of business will make the situation normal both for miners and for users. I tried to find some information about it, but it seems that it is still an unresolved question whether it will be alright with miners living off the transaction fees or not.

[nasipadang]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

What makes you think that 2140 bitcoin will be depleted in the mines?
According to the value of the less supply, the value will be higher, so the cost of the transaction may be sufficient if seen that the value is higher. This analysis is too low a possibility, so in my opinion not rational, the value of bitcoin in the future also cannot be accurately predicted.

[Astvile]

When the year 2140 comes when all bitcoins are mined miners will still survive for sure but the profit I think would be lessen and they'll be living of pure transaction fees and no more profits on mining ( I guess correct me if I'm wrong). But surely they will profit big on fees because by the time we reach the year 2140 it's sure that bitcoins price will be double might be triple of the current ATH now.

[rdluffy]

The most "natural" way is the miners will survive with the fees, but there's a lot of time until then and we will be dead and won't see the exactly result
But this is only one way, BTC could be dead before, BTC could change to something different, only time will tell

[Kyraishi]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

I think a more extreme version of what's going to happen next year will happen, because next year is when we will see the effects of the probably biggest halving we've seen yet (so much more money and miners in the industry now then before).

I'm going to guess that the miners will be able to survive solely on the fees alone, but in order for that to happen we'll see an increase in fees for everyone.

2140 is more then 20 years away, let's not worry about it just yet guys.

[yazher]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

I think some of them will not stop mining, they will find another potential coin to mine. and maybe some of them will sell their mining materials at that time and finally stop their operation. as for those who are contented to only get a transaction fee, I cannot tell on which way they wanna follow. to sell or to mine different coins. I have a question if all of these miners stop their operation, are we still able to make a transactions or not?

[gentlemand]

I don't care. Nor should anyone else currently alive. It is interesting to ponder though.

For a brief moment during the rapiest fees in 2017 miners made more from tx fees than they did from the block reward so it is possible. The far less certain thing is how consistent they'll be as obviously the block reward is 100% dependable.

If Bitcoin is still alive by then it will still be called Bitcoin but I doubt there'll be one single scrap of anything it shares with what we call Bitcoin today other than the name. There's no way of knowing how it'll be secured by then. There may not be any need for mining at all. Maybe our hive mind will validate and process things.

[timerland]

As sad as this may seem, I just don't think BTC will end up being alive during the 2040 period, it's 20 year away and for a crypto-currency market that has new ones made every day and several government already doing their own ones, I don't see BTC surviving another 15 years.

We'll see something new by the time that becomes an issue and it'll probably make crypto-currencies look outdated and replace them entirely.

[BlackFor3st]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

If there is no other way to extend the bitcoin supply then there is no other option for the miner, to take profit from the transaction fees as they cannot mine anymore.

But 2140 still a long way and we are not yet sure 100% that it can last until that time but I am hoping that someday we can achieve it. I am pretty sure as the time passes by there will be some changes that will happen for the benefits of the users and the miners.

[Kyraishi]

I don't care. Nor should anyone else currently alive. It is interesting to ponder though.

For a brief moment during the rapiest fees in 2017 miners made more from tx fees than they did from the block reward so it is possible. The far less certain thing is how consistent they'll be as obviously the block reward is 100% dependable.

If Bitcoin is still alive by then it will still be called Bitcoin but I doubt there'll be one single scrap of anything it shares with what we call Bitcoin today other than the name. There's no way of knowing how it'll be secured by then. There may not be any need for mining at all. Maybe our hive mind will validate and process things.

I agree, I doubt even crypto-currencies as a whole will be alive in 21 years from now, governments are already working on their own currencies and there's a high chance they just take over the market and there's no use for bitcoin.

As sad as this may seem, I just don't think BTC will end up being alive during the 2040 period, it's 20 year away and for a crypto-currency market that has new ones made every day and several government already doing their own ones, I don't see BTC surviving another 15 years.

We'll see something new by the time that becomes an issue and it'll probably make crypto-currencies look outdated and replace them entirely.

We should keep in mind there's is a possiblity that Bitcoin is still alive by then though, crypto-currencies are still fairly new and there's room for improvement.

[sarojan9980]

When mining is completed all are empty means then the price of transaction will increase and also the price of the bitcoin also increases more because availability of bitcoin is very less in future bitcoin will use only for transaction purpose. At presently it is alive don't worry about bitcoin mining still time is there

[Darker45]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

Whatever happens, we are all dead by the time the last Satoshi is mined, unless you are still an egg cell or a sperm cell today and you will live for more than a century.  Kidding aside, I am a little bit excited imagining the future of Bitcoin, excited to see how Satoshi's sense of foresight is made part of his overall vision.

My personal sense of foresight tells me that by 2140 Bitcoin is already in use by billions of people as the world's main currency. And because of that the fees, although very low, is being paid by each of the hundreds of millions of transactions per second. That would still mean a great reward for miners. 

[mk4]

I think some of them will not stop mining, they will find another potential coin to mine. and maybe some of them will sell their mining materials at that time and finally stop their operation. as for those who are contented to only get a transaction fee, I cannot tell on which way they wanna follow. to sell or to mine different coins. I have a question if all of these miners stop their operation, are we still able to make a transactions or not?

Think about it this way. Even if there is almost zero bitcoin left to be mined(due to the difficulty adjustment), as long as people are making transactions hence there are fees to be collected hence there is still money to be made through mining, there will always be >0 miners.

[rijaljun]

we should probably expect that there will be a lot of transactions that will be taking place on the network(both on-chain and off-chain txs); and we should also probably assume that bitcoin's price is far higher at that time.

Something like centralize exchanges don't really make transactions, means there is no fee goes to miners. Imagine if at that time there are a lot of centralize companies, I mean like you and I are become their consumers and we want to transact things and no matter how expensive bitcoin price is, our transactions will give nothing to miners. This is absolutely a threat of the future Bitcoin.

This topic has been discussed many times here. A simple Google sear h would have given the correct answer. Read the below article to know what will happen once all 21 million bitcoins are mined.

https://99bitcoins.com/what-will-happen-when-all-bitcoins-are-mined/

The last bitcoin is estimated to be mined in 2140. Our next to next generation is probably going to see this.

I know I should have just googled it, but I thought I can have the answer faster by creating this thread since my specific question is what will happen to miners at that time

For a brief moment during the rapiest fees in 2017 miners made more from tx fees than they did from the block reward so it is possible. The far less certain thing is how consistent they'll be as obviously the block reward is 100% dependable.

If Bitcoin is still alive by then it will still be called Bitcoin but I doubt there'll be one single scrap of anything it shares with what we call Bitcoin today other than the name. There's no way of knowing how it'll be secured by then. There may not be any need for mining at all. Maybe our hive mind will validate and process things.

Honestly i want to hear a win-win solution for users (transaction makers) and miners (transaction executors). Around December 2017 to January 2018, you maybe right but we as users were suffering to pay the fees and we were never happier than today as the fee is much lower. I understand that we don't need to think so much for what will happen in a century ahead but no one knows if what we are discussing today can be reference for the future life.

[mk4]

we should probably expect that there will be a lot of transactions that will be taking place on the network(both on-chain and off-chain txs); and we should also probably assume that bitcoin's price is far higher at that time.

Something like centralize exchanges don't really make transactions, means there is no fee goes to miners. Imagine if at that time there are a lot of centralize companies, I mean like you and I are become their consumers and we want to transact things and no matter how expensive bitcoin price is, our transactions will give nothing to miners. This is absolutely a threat of the future Bitcoin.

While centralized exchanges may not make transactions when people execute trades, not really. There's still significant amounts of transactions that are being executed by using centralized exchanges because investors and traders still needs to do transactions when depositing or withdrawing funds. I'd say right now in the speculation phase, the usage of centralized exchanges still takes a huge percentage of the total transactions.

[rijaljun]

My personal sense of foresight tells me that by 2140 Bitcoin is already in use by billions of people as the world's main currency. And because of that the fees, although very low, is being paid by each of the hundreds of millions of transactions per second. That would still mean a great reward for miners.  

That would probably help miners to get enough profit but, like what i have mentioned a bit in my post above (sorry for creating new post, it's hard to edit long post, lol), if most of use becoming consumers to centralize companies and don't really create transactions to the block the no matter how many transaction made is won't give any profit to miners.

If there is no other way to extend the bitcoin supply then there is no other option for the miner, to take profit from the transaction fees as they cannot mine anymore.

If we extend the supply, that will make Bitcoin no longer Bitcoin (for me at least) as supply is a main thing for a cryptocurrency.

While centralized exchanges may not make transactions when people execute trades, not really. There's still significant amounts of transactions that are being executed by using centralized exchanges because investors and traders still needs to do transactions when depositing or withdrawing funds. I'd say right now in the speculation phase, the usage of centralized exchanges still takes a huge percentage of the total transactions.

Okay, let's find another example beside just exchange. Imagine both of us are consumer of same wallet provided by a centralize company, you sell me a bread and i pay you with bitcoin. Since we are using a same wallet, we do transaction, but we don't put it on the block. From our transaction will result no fee for miners and imagine millions or even billion of us will be doing this in the future. I know people will say or hope in the future, there will be less centralizes exchanges but it won't be that easy to decentralize everything, we fight with government, we fight each other.

[bitbunnny]

I think that every miner is well aware that Bitcoins will be completely mined one day so there will be no surprises. So it's logocal, there will be no need for miners no more in that narrow sense but people still will be making transactions so their share of profit will be stll available for them

[lighpulsar07]

This topic was discussed in this forum many times already just read the other threads the have been listed above... anyway, simple answer is if the last bitcoin has been mined the transaction fees will be the payment for the miners since there is no block reward left to mine. Anyway, 2140 is very far we are dead if the last bitcoin supply mined don't bother about it.

[mk4]

Okay, let's find another example beside just exchange. Imagine both of us are consumer of same wallet provided by a centralize company, you sell me a bread and i pay you with bitcoin. Since we are using a same wallet, we do transaction, but we don't put it on the block. From our transaction will result no fee for miners and imagine millions or even billion of us will be doing this in the future. I know people will say or hope in the future, there will be less centralizes exchanges but it won't be that easy to decentralize everything, we fight with government, we fight each other.

That's completely assuming that both parties will be using a centralized wallet. People use Coinbase for the same function, instantaneous and fee-less off-chain transactions from Coinbase wallet <-> Coinbase wallet. But what makes you say that people will use the same kinds of wallets in the future? That's why we have 2nd layer solutions like the Lightning Network. LN transactions are almost fee-less and instant, but will still be settled on-chain in finality.

[rijaljun]

I think that every miner is well aware that Bitcoins will be completely mined one day so there will be no surprises. So it's logocal, there will be no need for miners no more in that narrow sense but people still will be making transactions so their share of profit will be stll available for them

The question is, will it be enough for miners to make profit?

That's completely assuming that both parties will be using a centralized wallet. People use Coinbase for the same function, instantaneous and fee-less off-chain transactions from Coinbase wallet <-> Coinbase wallet. But what makes you say that people will use the same kinds of wallets in the future? That's why we have 2nd layer solutions like the Lightning Network. LN transactions are almost fee-less and instant, but will still be settled on-chain in finality.

only IF that happens.
Actually, there are two things I want to focus on this thread

• We always want pay fee as cheap as possible, but miners won't be happy about that
• IF in the future there are a lot centralized companies and most of us would be using their services, there will be less transaction no matter how expensive Bitcoin and its transaction fee is, also miners won't be happy about that

This topic was discussed in this forum many times already just read the other threads the have been listed above... anyway, simple answer is if the last bitcoin has been mined the transaction fees will be the payment for the miners since there is no block reward left to mine. Anyway, 2140 is very far we are dead if the last bitcoin supply mined don't bother about it.

I knew it even before creating this thread and I have put the reason on my previous reply (take a look some previous posts, don't just focus on the first post)). I bet you also have replied all of those threads with similar answers. You don't need to reply this thread if you don't want to join the discussion. Oh, you are spamming  your signature... aren't you?

[gentlemand]

I agree, I doubt even crypto-currencies as a whole will be alive in 21 years from now, governments are already working on their own currencies and there's a high chance they just take over the market and there's no use for bitcoin.

If there ever is to be a government crypto it'll make the case for Bitcoin several times more compelling than it already is. The present set up is a groaning morass of systems of varying ages with varying levels of accessibility and communication.

A governmentcoin would be under their absolute and instant control. Any whim could be executed immediately and no one has any redress. The only escape would be... Bitcoin.

I fully expect Bitcoin to survive in the long term. The case for its existence is too obvious to ignore. I also expect much of what we're used to about it now to be long gone eventually.

[MicroGuy]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

In 2140 the block reward resets to 50, meaning BTC's inflation continues growing indefinitely, forever.

[minersday]

In fact, there are two scenarios, either mining can change or it will disappear

There is no way mining will disappear but for the changing aspect, that might be  possible. Transactions can't be made without mining, so there is no way mining will ever disappear.. 

[gentlemand]

In 2140 the block reward resets to 50, meaning BTC's inflation continues growing indefinitely, forever.

Is this a previously unknown Y2K style bug or just a fond fantasy?

I enjoy discussing problems that won't need solving until we're all dead. I wish more problems were like this.

[minersday]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

In 2140 the block reward resets to 50, meaning BTC's inflation continues growing indefinitely, forever.

This meant cause a drop in the value of Bitcoin.  I don't agree with you on this.  The possible way I see miners getting rewarded will be the use of transactions fees. As it stands now, transactions fees taken for every transactions made on the Bitcoin blockchain network are not given to miners. Where do you think these fees go to ?? I believe they are stored somewhere to be the next payment option for miners when all the bitcoins are mined..

[mk4]

only IF that happens.
Actually, there are two things I want to focus on this thread

• We always want pay fee as cheap as possible, but miners won't be happy about that
• IF in the future there are a lot centralized companies and most of us would be using their services, there will be less transaction no matter how expensive Bitcoin and its transaction fee is, also miners won't be happy about that

Sure. There will be a lot of centralized companies simply because not every single internet service needs to be "decentralized" or need to be on a blockchain. And if those services needs payments, then bitcoin transactions will be made. Both off-chain for smaller coffee-sized payments(but still recorded on the blockchain, just not immediately), and on-chain for the bigger payments.

Again, layer2 and layer3 solutions are CHEAP transactions that are recorded on the blockchain in finality; hence there are fees. People on the industry are betting on the Lightning Network, not centralized transactions. People that will be transferring huge amounts of money(through bitcoin), are surely willing to pay a couple of dollars worth of fees just to make sure that their transactions becomes recorded on-chain as soon as possible.

[jake zyrus]

2140 is still way too far from today. There are a lot of circumstances that might happen within the coming years. We never know if bitcoin were still existing when we reach 2140. Plus we don't have to worry when that time comes 'cause we're already dead. Let those people in that era to solve their problems when bitcoin were completely mined.  

[atjiat]

It seems to me that if you look ahead for decades to come, then first you need to raise the question not about the existence of miners, but about the prospects of Bitcoin at that time.  To date, Bitcoin has already faced many problems, which is why it is losing its popularity, which proves a significant decrease in capitalization.  The fact is that today on the cryptocurrency market there are quite more promising cryptocurrencies that can occupy leadership positions in the cryptocurrency market and at the same time will have technical characteristics much higher than Bitcoin.  Even if you take for example the ethereum, which is already significantly higher in quality than Bitcoin.

[Moiyah]

In some perspective of others, transaction fees can provide the circulation of btc even btc will all mined. They need to rely on transaction fees to continuously sustain the functions of the operations. The most directly pretentious in this matter are the Bitcoin Miner themselves, not unless the code of behavior of btc will revolutionize which someone manages to add more btc. Year 2140 is still too long, but I believe in others perspective that btc is still regulated after the 2140, because in this present time we see the excellent effect of btc in trading and exchanges. We know that year btc will also evolved, and that is something we should observe, or maybe by our children in the future.

[rodel caling]

Time will tell. The 2140 estimated year is a loooong time from today. Assuming the Bitcoin network still exists and is still up and running at that time, we should probably expect that there will be a lot of transactions that will be taking place on the network(both on-chain and off-chain txs); and we should also probably assume that bitcoin's price is far higher at that time. That should probably(?) be enough bitcoin for the miners to collect fees and profit from.

Exactly mate only time can tell and it's obvious if that time comes bitcoin price are too much expnesive, and for the miner of course if the limit is reach need to stop transaction operation because they work with nothing. Bitcoin circulate limited volumes for every holders. So we need to find another solution about this situation how bitcoin continue to exist.

[rijaljun]

In 2140 the block reward resets to 50, meaning BTC's inflation continues growing indefinitely, forever.

Is this a previously unknown Y2K style bug or just a fond fantasy?

I enjoy discussing problems that won't need solving until we're all dead. I wish more problems were like this.

Imagining what will happen after we're all dead is interesting cause we don't need to predict it correctly but that guy seems gone too far from the railway.

[rijaljun]

2140 is a long way to go. Assuming this, it might be an end for miners because mining was their way of their profit, there will be a sudden shift here.

Are you trying to say that it would be okay for Bitcoin to no longer have miners? Then, people will just move from Bitcoin to other crypto?

Such a pessimistic thought.

[Dabs]

The last bitcoin will be mined around the year 2140.
The last percent of minable bitcoin will start around the year 2032, because by then we will have mined 99% of all bitcoins. Then it's a hundred years until the last bitcoin.

Around 2050, we will begin to see, at whatever price bitcoin is at, if it will be enough to compensate miners for their work.

By 2100, 50 years after 2050, still about 40 years before the last bitcoin, but halfway through the last one percent ... one can only imagine, but I suspect we will be seeing miners still happily mining and being able to pay their bills.

[desticy]

Some of the miners will switch their equipment to mining of other coins, the rest will remain in normal operation for network maintenance and transaction processing.
So you can not worry about the miners, they will remain in their place, although everything will depend on the profitability of mining.
Soon we will find out how halving will affect the profitability of mining and what will happen to the price.

[20kevin20]

2140 is a long way to go. Assuming this, it might be an end for miners because mining was their way of their profit, there will be a sudden shift here.

Are you trying to say that it would be okay for Bitcoin to no longer have miners? Then, people will just move from Bitcoin to other crypto?

Such a pessimistic thought.

Mining will turn into sustaining the blockchain, and as far as I know they will still earn money off tx fees so that they can continue keeping Bitcoin on its feet. Otherwise, there would be no point in mining if there's no profit. We had those people at the beginning of BTC mining so many coins just for fun, nowadays it costs a fortune to do so.

As soon as the last block gets mined though, the price should be very high. There will be no more BTC to mine so if price becomes kinda stable until then, it might drastically change due to the fears and thoughts of the market. Correct me if I'm wrong regarding the first paragraph.

[Astvile]

When the year 2140 comes when all bitcoins are mined miners will still survive for sure but the profit I think would be lessen and they'll be living of pure transaction fees and no more profits on mining ( I guess correct me if I'm wrong). But surely they will profit big on fees because by the time we reach the year 2140 it's sure that bitcoins price will be double might be triple of the current ATH now.

Double? That's all Really? You do get that standard inflation is 2%, it would need to do much more than double in 140 years for people to be going all out for TX fees, just think about much 100$ was worth in 1900, that buying value dropped a massive amount and it will again in 120 years.

I do get that the standard inflation rate is 2% and bitcoin should be able to do and pump more for a hundred years but for me, It is what I believe and hopes for bitcoins price, I've come up to this conclusion considering the fact that bitcoin is maybe gone by that year and we can't see it anymore.

[Wexnident]

We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?

I'd doubt the community would let the miners financial situation be a bleak future. After all, they'd have to rely on them with the transactions made so most likely, miners would still live satsifyingly. That, or the communitt somehow manages to create a system that could replace miners.

2140 is a long way to go. Assuming this, it might be an end for miners because mining was their way of their profit, there will be a sudden shift here.

Are you trying to say that it would be okay for Bitcoin to no longer have miners? Then, people will just move from Bitcoin to other crypto?

Such a pessimistic thought.

So the guy is basically saying transactions would stop by the end of the year 2040? Doesn't that seem way too farferched? Your basically not only telling the miners would disappear, you're also declaring that bitcoin circulation will stop since miners are as you said, would be gone?