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Author Topic: 100 yrs to mine the last million bitcoin?  (Read 2242 times)
Gianluca95
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June 13, 2014, 05:25:54 PM
 #21

I don't think that is possible.

Keep mind that when all of bitcoin will be mined, there will be powerful hardware to mine bitcoin.

So I think that is not a problem, the important is that bitcoin will can pay miners Smiley

Bitcoin will ALWAYS be able to pay miners based on the simple fact that
difficulty can decrease if necessary.

Exactly, so there isn't any problem to mine Bitcoin also you must to use a powerful hardware to mine it

 
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Harley997
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June 13, 2014, 11:46:56 PM
 #22

I don't think that is possible.

Keep mind that when all of bitcoin will be mined, there will be powerful hardware to mine bitcoin.

So I think that is not a problem, the important is that bitcoin will can pay miners Smiley

You should also remember that by the time the last "miner reward" is issued that the block reward will already be very small and the majority of the miners' revenue will come from TX fees.

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ShakyhandsBTCer
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June 14, 2014, 01:46:11 AM
 #23

I don't think that is possible.

Keep mind that when all of bitcoin will be mined, there will be powerful hardware to mine bitcoin.

So I think that is not a problem, the important is that bitcoin will can pay miners Smiley

Bitcoin will ALWAYS be able to pay miners based on the simple fact that
difficulty can decrease if necessary.

It will likely be a long time before difficulty will decrease as the cost of electricity is low compared to the block reward when analyzing data for the newest and most efficient machines.
Skele
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July 03, 2014, 03:21:56 AM
 #24

I can't wait the time when the price of bitcoin is very stable.
So I can use bitcoin without worrying the price tomorrow will up or down.  Cheesy
And that time is really nearly close, just turning the corner.

As soon as Bitcoin fever infects a truly huge companies like eBay, Amazon, Paypal, prices will jump and then stabilize...
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