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

[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.

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[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?