if bitcoin can no longer be mined

[ayueee98]

Hi, I just joined this forum. I have searched various articles on bitcoin, altcoin, and the use of cryptocurrencies. In every article it is mentioned that bitcoin is only 21Million BTC to be mined. then my question is, What happens if all bitcoin (21Million BTC) has been mined? Are miners going to mine alt? or supply will be added? please explain to me so that I can understand more.

[Mbitr]

Have a look at this thread and it should explain everything for you  
https://bitcointalk.org/index.php?topic=5243500.20

For anything you need to know about Bitcoin you can use the SEARCH feature at the top left of the home page 

[LeGaulois]

Welcome to the forum

Firstly it's not 21 BTC, it's 21 million BTC otherwise it would mean I belong to the Elite =)

If all bitcoins have been mined, no more bitcoins will be added and obviously miners won't mine it anymore. But beside hashing, miners will still be needed to validate transactions and the fees will be the incentives

[Jawhead999]

What happens if all bitcoin (21 BTC) has been mined?

This is the answer

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

Are miners going to mine alt?

IMO It's their choice. When bitcoin is all mined, the fees will increase and they will have a lot work of transaction confirmations. If the fees can make they earn profit, the miner can still stay with it.

or supply will be added?

No, it's not bitcoin anymore... it's fiat currency, where the supply is unlimited

[RapTarX]

First of all you have to learn how mining works, what miners do etc. After all the BTC mined, bitcoin chain will be working as it is now; only mining rewards won't be there. Miners, instead of mining rewards, will get transaction fee only for confirming transactions.

[cizatext]

Hi, I just joined this forum. I have searched various articles on bitcoin, altcoin, and the use of cryptocurrencies. In every article it is mentioned that bitcoin is only 21BTC to be mined. then my question is, What happens if all bitcoin (21 BTC) has been mined? Are miners going to mine alt? or supply will be added? please explain to me so that I can understand more.

Welcome to the forum just take your time.e to learn all the rule and at the same time what bitcoin is and what bitcoin mining is. There are 21 millions bitcoin and out of that not up to 15 million is in circulation.

[CaVO32]

You can check this thread from coingecko explaining about the halving.

https://bitcointalk.org/index.php?topic=5243876

I am more than positive that if the bitcoin has been totally mined, the price will be higher but that will be so many years from now. Of course, miners will look for alternative options and find another valuable coin to mine when that time comes.

[YuginKadoya]

Have a look at this thread and it should explain everything for you  
https://bitcointalk.org/index.php?topic=5243500.20

For anything you need to know about Bitcoin you can use the SEARCH feature at the top left of the home page 

Apparently there are many users that are too lazy to use the SEARCH bar and that includes me sometimes and that is why we keep on seeing topics like these roaming around the forum and after many have shared some links I have to click each of it and realized something that we still have plenty of time for bitcoin to keep on fluctuating like these and it is not so late for newbies to come aboard to ride the wave of Bitcoin and that we really need to share this technology to the future generations and because this is for them as well.

[pixie85]

Firstly it's not 21 BTC, it's 21 million BTC otherwise it would mean I belong to the Elite =)

Who says you don't?

The halvings will make it so that it will take many more years before coins are mined.

Most of us don't have to worry about it because Bitcoin will either be worth a lot of money or nothing before it's mined out completely.

[odolvlobo]

This question has been asked thousands of times here. A simple google search returns pages and pages of answers to your question:

https://lmgtfy.com/?q=what+happens+when+all+bitcoin+has+been+mined

[turkandjaydee]

Most of us don't have to worry about it because Bitcoin will either be worth a lot of money or nothing before it's mined out completely.

Why don't we have to worry? After all, it's an investment and we should care about it. We don't just throw our money into bitcoin, at least for me.

[odolvlobo]

Most of us don't have to worry about it because Bitcoin will either be worth a lot of money or nothing before it's mined out completely.

The effects of the halvings will start to show within the next several years. You don't have to wait until 2140. The subsidy will drop below 1 BTC in a little more than 10 years. Mining a block costs up to $45k USD (after this halving), but the subsidy will only be about $6k in 3 more halvings (assuming a constant price).

[Eugenar]

Miners are the one who keeps the bitcoin surviving, if there is no miners there would be no bitcoin, so basically bitcoin will always be mined because there are so many miners in this virtual world, so do not panic about it. If bitcoin can no longer be mined, the bitcoin will dead but I don't think that traders, investors, hodlers will let this happen because there are so many things that this bitcoin brings to us, it helps so many people to understand more about technology and blockchain. For more information about it, you may read this: https://bitcointalk.org/index.php?topic=71176.0 there are so many information in the comment section.

First of all you have to learn how mining works, what miners do etc. After all the BTC mined, bitcoin chain will be working as it is now; only mining rewards won't be there. Miners, instead of mining rewards, will get transaction fee only for confirming transactions.

Well said, before asking about it, you should know some basics or nature of it, so you will going to understand some of the comments on your posts because even though there are answers on this question you won't still get it because you don't know the nature of it.

[turkandjaydee]

Miners are the one who keeps the bitcoin surviving, if there is no miners there would be no bitcoin, so basically bitcoin will always be mined because there are so many miners in this virtual world, so do not panic about it.

The problem is how many miners there will be. Because it will affect how high/low the difficulty and how vulnerable the Bitcoin network will become.

If bitcoin can no longer be mined, the bitcoin will dead but I don't think that traders, investors, hodlers will let this happen because there are so many things that this bitcoin brings to us, it helps so many people to understand more about technology and blockchain.

Traders, investors, and hodlers should set profits as their priority and I think they will change their minds if something is not profitable anymore.
So if the reason is just that it helps us understand more things, then it's also suitable to just be a great history.

[whyrqa]

I believe that the work of miners will be in demand as long as Bitcoin users carry out transactions, i.e. if Bitcoin is used as a means of payment, and not just as an asset for profit due to volatility, then funds will be transferred to the Bitcoin blockchain constantly.

[Wind_FURY]

Hi, I just joined this forum. I have searched various articles on bitcoin, altcoin, and the use of cryptocurrencies. In every article it is mentioned that bitcoin is only 21BTC to be mined. then my question is, What happens if all bitcoin (21 BTC) has been mined? Are miners going to mine alt? or supply will be added? please explain to me so that I can understand more.

Miners will profit through transaction fees. I believe that would be the only "state" of Bitcoin that we can truly say that it's "out of beta".

To be quite honest with you, I don't know how that will work out. No one knows.

[asu]

Hi, I just joined this forum. I have searched various articles on bitcoin, altcoin, and the use of cryptocurrencies. In every article it is mentioned that bitcoin is only 21BTC to be mined. then my question is, What happens if all bitcoin (21 BTC) has been mined? Are miners going to mine alt? or supply will be added? please explain to me so that I can understand more.

Well, all post above mine tells exactly it all. Just don't worry about it because the last bitcoin would be mined 20,30,40,50 years or even more... but precisely, no one knows.

Welcome to the forum.

[CarnagexD]

Bitcoin is one of the most popular coin and about your question if the bitcoin will stopped mine in just 21 bitcoin, I think the people will more on use with the altcoins and the market price of the bitcoin becomes expensive because as the law of the supply and demand if there is a limited supply of the bitcoin there is a chance that the price of it becomes huge and profitable, and the people will now use the altcoins to make more transactions. To the people who hold a lot of bitcoin I think they are one of the most powerful people into the world of crypto currency. Also good day and welcome into our forum to make more knowledge congrats and good luck to your journey.

[FanatMonet]

There will be no bitcoins in excess of 21 million coins, 21 million and that's it, miners will only have to switch to transaction processing, and they will be able to make profit only from them. But we will not live up to this point, so there is no need to panic.

[dunfida]

Hi, I just joined this forum. I have searched various articles on bitcoin, altcoin, and the use of cryptocurrencies. In every article it is mentioned that bitcoin is only 21BTC to be mined. then my question is, What happens if all bitcoin (21 BTC) has been mined? Are miners going to mine alt? or supply will be added? please explain to me so that I can understand more.

Dont worry that much because the last bitcoin would be mined wont really happen on lifetime.Lol!  Links had already been given above in talks about this kind of topic and would be worthy if you do just read it up for you to know the things that you do seek.

Answering on the topic, miners would still continue to work since they're primarily needed  into the network on processing or pushing transactions and as said above they would instead increase up the fee
for them to make money.