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?

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[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.