Linked Questions

2
votes
1answer
9k views

What happens when there are no Bitcoins miners anymore [duplicate]

So if I'm not wrong, the proof of work is the way to validate all the transactions in a Block. The miner gets (at the moment) 12,5 Bitcoins as a reward for each validated block. So my question is: ...
0
votes
1answer
387 views

What will happen when all 21M bitcoins are mined? [duplicate]

What will happen when all 21M BTC are mined ? How will miner get new coin as reward? In absence of it, the only option available will be to increase transaction fees? If I have to pay anyway fee, I ...
0
votes
2answers
210 views

Mining in one years time [duplicate]

In about one years time, when mining is really difficult, what would be the incentive for people to mine? And if there aren't enough miners, how would transactions succeed?
-2
votes
1answer
179 views

Is possible to control the network? [duplicate]

Can anyone with enough computing power, take over the network ? This is following from a previous comment where I was asking : ... how can that be possible (to control the network) if mining tend ...
2
votes
0answers
181 views

Will the bitcoin value keep rising at steady rate, if bitcoin mining is stopped right now [duplicate]

If no new coins are created by mining after 12 million bitcoins as of today, what kind of impact will it have on bitcoin value. Transaction fees will still be set for confirmations.
2
votes
3answers
86 views

Who will be the future miners? [duplicate]

We know that the bitcoin for mining a block is going to converge to approximately zero as the number of bitcoins will be almost constant after a certain amount of time. So, mining will no more ...
0
votes
2answers
64 views

Incentive for miners to keep mining once reward get very low [duplicate]

Currently each winning miner receive 12.5 bitcoin or 12.5*10 000 dollar per successfully mined block and the amount of bitcoin receive is divided by 2 approximately each 4 years. The incentive to ...
3
votes
0answers
29 views

What are some proposed solutions when Bitcoin block rewards drop below 1 BTC? [duplicate]

Many proponents state that Bitcoin will not work in the long term when block rewards drop below 1 BTC or even zero and have mining rely on just transaction fees. I never did the math calculations ...
92
votes
15answers
22k views

Does hoarding really hurt Bitcoin?

Some people believe that hoarding hurts the Bitcoin economy. But are they really right? As long as corresponding goods vendors and services will be here to stay and reinforce people's faith in Bitcoin,...
126
votes
10answers
44k views

How much will transaction fees eventually be?

Some people keep evangelizing that Bitcoin transaction fees are much lower than in PayPal or with credit cards. However, once nearly all 21 million bitcoins have been mined, the network will still ...
48
votes
4answers
24k views

Why was the target block time chosen to be 10 minutes?

According to the wiki, 10 minutes was chosen as a 'tradeoff'. Why ten minutes specifically? It is a tradeoff chosen by Satoshi between propagation time of new blocks in large networks and the amount ...
18
votes
5answers
2k views

Is Bitcoin future-proof?

As I understand things, the security and integrity of Bitcoin rely on the assumption that its hashing is "hard" in some sense. However, in the past, processing power has increased exponentially. ...
14
votes
7answers
2k views

What are some ways that the powerful elite can thwart cryptocurrencies?

What are some ways that the powerful elite can thwart cryptocurrencies? Cryptocurrencies appear to be not susceptible to most forms of power, regulation, or control. Due to their decentralized and ...
12
votes
4answers
5k views

The End of Mining

According to Wikipedia, here's a projection of expected future Bitcoin supply: Is there any effect to the dynamics of the system beyond the valuation of Bitcoins? For example, is mining required to ...
7
votes
3answers
6k views

What Value does mining provide?

After reading the O'Reilly book and perusing online resources, I'm still confused about the value that the actual mathematical mining provides to Network (I understand it does provide value, but not ...

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