Cryptocurrency Q&A
How much longer will Bitcoin mining last?
How much longer will Bitcoin mining last?
CryptoVanguard
Mon Dec 09 2024
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5
answers
991
I'm wondering about the future of Bitcoin mining. Specifically, I want to know how much longer it is expected to continue, considering factors like the remaining Bitcoins to be mined and technological advancements.
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5 answers
Lorenzo
Wed Dec 11 2024
Upon the completion of mining, the issuance of new bitcoins into the market will cease.
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CryptoWizardry
Wed Dec 11 2024
This means that the total supply of Bitcoin will be finite and no more can be created.
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CryptoVisionary
Wed Dec 11 2024
Miners, who previously relied on block rewards for their income, will then have to shift their focus.
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Riccardo
Wed Dec 11 2024
They will start relying on transaction fees to validate transactions and maintain the blockchain network.
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SakuraDance
Wed Dec 11 2024
The final Bitcoin is anticipated to be mined in the year 2141.
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